EXTERNAL COMMERCIAL BORROWING
India Inc borrowings from foreign markets down 41% to $2.03 bn in OctThe 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 ...
- 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'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...
- 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.
- Budget: Govt move to promote FDI, ECB in education to boost sector
While the government has allowed 100% FDI in education sector a few years ago, the use of ECBs to fund education infrastructure is a newly-...
- 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...
- Tata Motors shares zoom 17%; m-cap rises Rs 7,103 cr post Q2 earnings
It was the top gainer on both Sensex and Nifty.
- DHFL and Altico default on bond repayments
The default by DHFL is towards principal and interest on non-convertible debentures (NCDs) worth Rs 350 crore issued by it.
- Foreign borrowings double to $4.98 billion in July: RBI
Indian firms had raised $2.18 billion in borrowings from overseas markets in July 2018.
- External commercial borrowings drop 20% in April
Of the total ECBs in April, $2.66 billion was raised through automatic route.
- Reserve Bank of India relaxes external commercial borrowing norms
The Reserve Bank of India (RBI) on Wednesday announced a new framework for external commercial borrowings (ECBs) and rupee-denominated bond...
- RBI eases hedging rules to 70% for external commercial borrowing
The step would also help attract dollar inflows as total outflows outweigh inflows this year.
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