April FDI at 5-month low, declines 26% to $1.70 bn
23 Jun 2014 10:23 PM GMT
The foreign direct investment (FDI) into India has declined 26 per cent to $1.70 billion in April — the lowest in the last five months, according to the data of Department of Industrial Policy and Promotion.
In April 2013, the country had received FDI worth $2.32 billion. Amongst the top 10 sectors, pharmaceuticals received the lowest FDI in April at $1million as against $987 million
in April 2013. Sectors which registered growth in FDI include services ($382 million), hotel and tourism ($109 million), metallurgical industries ($72 million), construction ($69 million),
the data said.
Last time, the country had received its lowest FDI in December when it was $1.10 billion. During the month under review, India received maximum FDI from Mauritius at $489 million, followed by Singapore ($316 million), Japan ($214 million), the Netherlands ($101 million) and the
UK ($43 million).
Overall, the inflows had aggregated to $24.29 billion in 2013-14 as against $22.42 billion in 2012-13. India would require around $1 trillion in the next five years to overhaul its infrastructure sector, including ports, airports and highways to boost growth.
Decline in foreign investments could put pressure on the country's balance of payments and may also impact the value of the rupee.
Iraq crisis erodes `31,966 cr from 7-bluechip cos last week
New Delhi: As benchmark BSE index Sensex shed over 122 points last week, seven of 10 most valued companies saw erosion of Rs 31,966 crore in their total market capitalisation during the period.
Reliance Industries, ONGC and Larsen and Toubro witnessed significant fall in their market valuations (m-cap) in the week ended last Friday (20 June). Among top 10 bluechips, only three companies — ITC, TCS and Infosys — posted gains in their valuations. In the ranking of the top 10 Sensex companies, TCS remained at number one, followed by ONGC, RIL, ITC, Coal India, HDFC Bank, State Bank of India, Infosys, ICICI Bank, and Larsen & Toubro in that order. Country's largest software services firm Tata Consultancy Services, added Rs 14,057.27 crore to its market valuation during the past week. Its m-cap was at Rs 4,47,856.8 crore at close last Friday. ITC's market capitalisation increased by Rs 1,750.27 crore to Rs 2,67,147.99 crore, while Infosys' market value jumped by Rs 7,693.16 crore to Rs 1,90,395 crore.
On the other hand, RIL's m-cap plunged by Rs 14,255.70 crore to Rs 3,35,507.9 crore, taking the steepest hit in the domestic market capitalisation chart in the week. ONGC's m-cap declined by Rs 4,064.28 crore to Rs 3,57,362.4 crore, while ICICI Bank's m-cap dipped Rs 3,538.2 crore to Rs
1,61,719.5 crore.
Coal India's value went down by Rs 1,674.01 crore to Rs 2,44,095.7 crore and Larsen & Toubro lost Rs 3,610 crore to Rs 1,52,778.3 crore. HDFC Bank's m-cap declined by Rs 2,900.96 crore to Rs 1,98,274.1 crore, while State Bank of India lost Rs 1,923.23 crore to Rs 1,92,659.9 crore. During the past week, the Sensex fell 122.66 points after it shed 168.29 points in the previous period. The Nifty
weakened by 30.65 points for the week ended 20 June, after dropping 41.30 points in the week before that.
In April 2013, the country had received FDI worth $2.32 billion. Amongst the top 10 sectors, pharmaceuticals received the lowest FDI in April at $1million as against $987 million
in April 2013. Sectors which registered growth in FDI include services ($382 million), hotel and tourism ($109 million), metallurgical industries ($72 million), construction ($69 million),
the data said.
Last time, the country had received its lowest FDI in December when it was $1.10 billion. During the month under review, India received maximum FDI from Mauritius at $489 million, followed by Singapore ($316 million), Japan ($214 million), the Netherlands ($101 million) and the
UK ($43 million).
Overall, the inflows had aggregated to $24.29 billion in 2013-14 as against $22.42 billion in 2012-13. India would require around $1 trillion in the next five years to overhaul its infrastructure sector, including ports, airports and highways to boost growth.
Decline in foreign investments could put pressure on the country's balance of payments and may also impact the value of the rupee.
Iraq crisis erodes `31,966 cr from 7-bluechip cos last week
New Delhi: As benchmark BSE index Sensex shed over 122 points last week, seven of 10 most valued companies saw erosion of Rs 31,966 crore in their total market capitalisation during the period.
Reliance Industries, ONGC and Larsen and Toubro witnessed significant fall in their market valuations (m-cap) in the week ended last Friday (20 June). Among top 10 bluechips, only three companies — ITC, TCS and Infosys — posted gains in their valuations. In the ranking of the top 10 Sensex companies, TCS remained at number one, followed by ONGC, RIL, ITC, Coal India, HDFC Bank, State Bank of India, Infosys, ICICI Bank, and Larsen & Toubro in that order. Country's largest software services firm Tata Consultancy Services, added Rs 14,057.27 crore to its market valuation during the past week. Its m-cap was at Rs 4,47,856.8 crore at close last Friday. ITC's market capitalisation increased by Rs 1,750.27 crore to Rs 2,67,147.99 crore, while Infosys' market value jumped by Rs 7,693.16 crore to Rs 1,90,395 crore.
On the other hand, RIL's m-cap plunged by Rs 14,255.70 crore to Rs 3,35,507.9 crore, taking the steepest hit in the domestic market capitalisation chart in the week. ONGC's m-cap declined by Rs 4,064.28 crore to Rs 3,57,362.4 crore, while ICICI Bank's m-cap dipped Rs 3,538.2 crore to Rs
1,61,719.5 crore.
Coal India's value went down by Rs 1,674.01 crore to Rs 2,44,095.7 crore and Larsen & Toubro lost Rs 3,610 crore to Rs 1,52,778.3 crore. HDFC Bank's m-cap declined by Rs 2,900.96 crore to Rs 1,98,274.1 crore, while State Bank of India lost Rs 1,923.23 crore to Rs 1,92,659.9 crore. During the past week, the Sensex fell 122.66 points after it shed 168.29 points in the previous period. The Nifty
weakened by 30.65 points for the week ended 20 June, after dropping 41.30 points in the week before that.
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