For the first nine months of 2022-23, the FDI remittance in the I&B sector amounted to ₹2,925 crore. Several media and advertising companies, including Dentsu India, MediaCom, Amagi Media Labs, Qyou Media India, and Triple Com Media received FDI through both the automatic and acquisition of existing shares routes during the December quarter.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings