Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Growth in net sales of FDI cos eased to 9.3% in FY24: RBI
Mint Kolkata
|March 12, 2025
Nearly half the sample companies received direct investment from Singapore, Mauritius and US
The RBI on Tuesday said that with the normalization of post-pandemic pent-up demand conditions, the growth in net sales of select FDI companies moderated to 9.3% during 2023-24 from the high of 20.3% in the previous year.
The Reserve Bank released the data relating to financial performance of non-government non-financial (NGNF) FDI companies in India during 2023-24 based on audited annual accounts of 2,418 companies, which reported in the Indian Accounting Standards (Ind-AS) format for three accounting years from 2021-22 to 2023-24.
Manufacturing and services sectors recorded lower sales growth of 6.4% and 12.7%, respectively, during 2023-24.
This story is from the March 12, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
How EVs came to dominate 3-W market
Of the 1.1 million three-wheelers sold in India this calender year (as of 24 November), more than 687,000, or about 60%, were electric vehicles (EVs), compared with a measly 4.1% for cars and 6.2% for two-wheelers, government data showed.
2 mins
November 26, 2025
Mint Kolkata
1st privately built PSLV near lift-off
India's first privately built polar satellite launch vehicle (PSLV) is expected to have its maiden commercial flight before the end of the financial year, marking a giant leap in the country’s ambition to foster a private space economy.
1 min
November 26, 2025
Mint Kolkata
Sovereign Al takes off as countries try to avoid overdependence on superpowers
As China and the U.S. race to dominate artificial intelligence, countries are increasingly wary of becoming overly dependent on the superpowers for a technology that could profoundly affect their economic competitiveness and national security.
1 mins
November 26, 2025
Mint Kolkata
India’s oil binge to end in Dec as sanctions bite Russia
US targeted top Russian producers Rosneft and Lukoil in recent round of sanctions. AP
1 mins
November 26, 2025
Mint Kolkata
JioMart pulled up for uncertified walkie-talkies
India's top consumer watchdog has held Reliance JioMart guilty of misleading advertisements and unfair trade practices by allowing the sale of uncertified walkie-talkies on its platform, government officials aware of the matter said, in a first such action against an e-commerce portal.
1 mins
November 26, 2025
Mint Kolkata
Weapons guidance system to be made in India with Safran
India and France have deepened defence cooperation with a pact to jointly produce an air-to-ground weapon system
1 mins
November 26, 2025
Mint Kolkata
For a weakened Zelensky, yielding to Trump is riskier than defiance
Buffeted by a corruption scandal that has sparked fury across Ukraine, President Volodymyr Zelensky is in political trouble at home, weaker than at any point since the full-scale Russian invasion of his country began nearly four years ago.
5 mins
November 25, 2025
Mint Kolkata
Tesla vs Tesla: HC grants protection to Musk’s company
The Delhi High Court on Monday granted interim protection to Elon Musk-led Tesla Inc. in its trademark infringement case with Gurugram-based Tesla Power India Pvt. Ltd.
1 mins
November 25, 2025
Mint Kolkata
AI bond flood adds to market pressure
their hype; even a ratings downgrade can hurt returns, let alone a default.
3 mins
November 25, 2025
Mint Kolkata
What went into quadrupling Jio Payments Bank's footprint
Jio Payments Bank Ltd is aggressively expanding its sales network to catch up with market leader Airtel Payments Bank, with the aim of using this wider reach to acquire customers for its more profitable financial products.
2 mins
November 25, 2025
Listen
Translate
Change font size