India Inc's foreign investment rose to $2.51 bn in April: RBI : Bulletin: Business Today
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India Inc's foreign investment rose to $2.51 bn in April: RBI

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Rashi Bisaria | May 18, 2021

India Inc's foreign investment rose over two-times to $2.51 billion in April: RBI
India Inc's foreign investment in the first month of this current fiscal jumped by more than two-times year-on-year to $2.51 billion, data from the Reserve Bank showed on Monday. Indian investors had committed $1.21 billion worth of outward foreign direct investment (OFDI) in April 2020.
NBFCs remain resilient; COVID impact to manifest over time: RBI
India's non-banking financial companies grew at a slower pace in second and third quarters of financial year 2020-21 on annual basis due to COVID-19-led disruptions and muted demand but continued to disburse credit. Wading through the thick of pandemic shows the resilience of the sector, the Reserve Bank of India (RBI) said in its monthly bulletin for May.
Plasma therapy dropped as treatment against COVID-19 after govt panel finds it 'ineffective'
After finding it non-beneficial in reducing the progression of severe Covid-19, the government revised the clinical guidance for COVID-19 treatment, dropping the off-label use of convalescent plasma on Monday. The decision was taken after a meeting of the ICMR-National Task Force for COVID-19 held last week. All members of the panel favoured the removal of convalescent plasma from the guidelines, citing its "ineffectiveness and inappropriate use" in many cases.

WHO-ILO study blames long working hours for heart diseases, stroke deaths
In a first global analysis of its kind, the World Health Organisation (WHO) and the International Labour Organisation (ILO) have found a 29 per cent increase in deaths from stroke and heart diseases due to working long hours. The findings, relating loss of life and health to extended shifts are significant "as the pandemic has significantly changed the way many people work... often blurring the boundaries between home and work," said WHO Director-General Dr Tedros Adhanom Ghebreyesus.

US to continue helping its 'important partner' India amid COVID-19 crisis
The United States will continue to provide a range of assistance to India, as its "important partner" continues to fight the COVID-19 pandemic, the White House said Monday. President Joe Biden, who has announced a $100 million worth of COVID-19 assistance to India, is deeply engaged with the assistance program, White House Press Secretary Jen Psaki told reporters

Warren Buffett's Berkshire Hathaway breaks up with 32-year long holding Wells Fargo
Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.

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