India Inc invested $2.7 bn abroad in March

Overseas investments by Indian companies stood at $2.77 billion in March, up 37.6 per cent over the previous month, with Binani Industries, Mercator Lines, HCL Technologies, Varun Shipping, Hexaware Technologies, Tata Steel emerging as major investors. As many as 489 overseas investment transactions were carried out by various companies in March, as per the Reserve Bank data released on Wednesday.