India’s foreign direct investment surged to $8.8 billion in April, a 22% increase year-over-year, bolstering the RBI’s foreign exchange reserves. While non-resident deposit inflows slowed, overall external commercial borrowing rose significantly. Despite a drop in foreign portfolio investment, India’s external sector remains resilient, with forex reserves reaching $698.95 billion in June.
J Infratech files IPO papers; eyes Rs 600 cr via fresh issue
J Infratech Ltd has submitted preliminary papers for an initial public offering valued at Rs 600 crore. The IPO includes a fresh issue and an