EXTERNAL COMMERCIAL BORROWING
'Relax foreign borrowing norms to boost growth'According to the book, 'India’s external debt - features, trends and policies' authored by Ashutosh Raravikar, director at Reserve Bank of ...
- India Inc borrowings from foreign markets down 41% to $2.03 bn in Oct
The domestic firms had borrowed more than $3.41 billion from overseas markets in October 2019.
- Vistaar Finance raises $30 million from Dutch entrepreneurial development bank FMO
Vistaar has now raised over Rs 550 crore of debt financing in just seven months of this financial year.
- Loss in foreign exchange on external commercial borrowing can be capitalised: Tax tribunal
The tax department had argued that the forex loss is notional and cannot be capitalised. The tribunal held that such mark to market losses ...
- IL&FS subsidiary IFIN to sell external corporate loan book of Rs 5,000 cr
The company is yet to declare its results for 2019-20. "Entire external corporate loans of IFIN of around Rs 5,000 crore will be auctioned ...
- Centre offers to borrow Rs 1.1 lakh crore and lend to states
“Under the Special Window, the estimated shortfall of Rs 1.1 lakh cr (assuming all States join) will be borrowed by Government of India in ...
- India's external debt contracts 0.7 per cent in June
Valuation loss due to the depreciation of the US dollar vis-à-vis major currencies such as euro, yen and SDR amounted to $ 0.7 billion. Exc...
- Courtesy lending to women aspirants, Avanse raises $15 million
The external commercial borrowing (ECB) has been done from the US-based World Business Capital Inc and the money is backed by a guarantee f...
- China investment ban: Indian firms, startups creating structures for ECB from Beijing, Hong Kong
Current law, changed recently after the border skirmishes, requires Chinese investors to seek permission from the Indian authorities before...
- India Inc rushes abroad to borrow cheap in Covid times
Companies raised $3.5 billion (Rs 26,320 crore) in external commercial borrowings in April-June, as per RBI data. This amount was equivalen...
- India Inc's foreign borrowings slips 81% to $1.02 bn in June
The domestic companies had raised USD 5.40 billion from the overseas markets in June 2019.
- Altico Capital fallout: RBI asks HDFC Bank to pay Rs 210 crore to Mashreq Bank
HDFC Bank, which had also lent money to Altico, debited about Rs 200-210 crore from its account by using a general lien, ET reported on Oct...
- NTPC reports incremental borrowings of Rs 24,056 crore for FY20
NTPC raised Rs 7,356.50 crore through debt securities in 2019-20 against the mandatory borrowings to be done through issuance of debt secur...
- Complete IBC suspension for defaults may hurt creditors
The ordinance passed by the government on Friday said that "no application shall ever be filed" for insolvency proceedings on default on or...
- Muthoot Finance to raise up to $550 million via offshore bonds
Surging gold price has strengthened the company's financials, which should help it gain investor confidence, dealers said.
- IBA asks banks for Libor alternative
MIFOR is priced after adding a mark-up over Libor, which will cease to exist globally after 2021.
- NHPC plans to raise up to Rs 2,000 crore in FY20
Company is considering to rise the amount through corporate bonds or via a term loan or borrowing.
- Altico Capital defaults on Rs 138 crore debt repayment
Altico Capital’s financial stress first came to light in September when it defaulted on interest payments on an external commercial borrowi...
- External commercial borrowings drop 20% in April
Of the total ECBs in April, $2.66 billion was raised through automatic route.
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