external commercial borrowings

India cuts tax on overseas borrowings (Lead)


September 21st, 2012 - 8:34 pm ICT by IANS
New Delhi, Sep 21 (IANS) In yet another move to draw in international capital, the Indian government Friday reduced tax on overseas borrowings by domestic companies to five percent from ... Read more...

Posted in Business |

Cash rich PSUs to invest in projects to spur growth


September 11th, 2012 - 6:50 pm ICT by IANS
New Delhi, Sep 11 (IANS) The government is working on a mechanism under which nine major public sector undertakings (PSUs) having large cash reserves would start investing in infrastructure ... Read more...

Posted in Business |

India raises overseas investment limit in government bonds (Roundup)


June 25th, 2012 - 8:47 pm ICT by IANS
Mumbai/New Delhi, June 25 (IANS) In a bid to prop up the battered rupee, the Reserve Bank of India (RBI) Monday hiked the limit of overseas investments in government ... Read more...

Posted in Business |

Government failed to check slowing economy, says BJP


June 25th, 2012 - 8:09 pm ICT by IANS
New Delhi, June 25 (IANS) The Bharatiya Janata Party Monday criticised the moves of the finance ministry and the Reserve Bank of India (RBI) to boost the slowing economy, ... Read more...

Posted in Politics |

RBI measures fail to cheer market, Sensex slips 90 points (Roundup)


June 25th, 2012 - 6:34 pm ICT by IANS
New Delhi, June 25 (IANS) The Reserve Bank of India's measures to check the slide of the rupee failed to cheer the market as the benchmark index slipped into ... Read more...

Posted in Business |

India raises overseas investment limit in government, corporate bonds (Lead)


June 25th, 2012 - 5:10 pm ICT by IANS
Mumbai, June 25 (IANS) In a bid to prop up the battered currency, the Reserve Bank of India (RBI) Monday hiked the limit of overseas investments in government and ... Read more...

Posted in Uncategorized |

RBI measures fail to cheer market, Sensex falls 43 points (Lead)


June 25th, 2012 - 4:44 pm ICT by IANS
Mumbai, June 25 (IANS) The measures announced by the Reserve Bank of India (RBI) Monday to revive the rupee failed to cheer the market as the benchmark index slipped ... Read more...

Posted in Business |

RBI announces steps to revive rupee


June 25th, 2012 - 4:16 pm ICT by IANS
Mumbai, June 25 (IANS) The Reserve Bank of India (RBI) Monday announced a series of measures, including raising limits for external commercial borrowings and government securities, that would help revive ... Read more...

Posted in Business |

Rupee hits a new low of 55.47 against dollar


May 22nd, 2012 - 8:49 pm ICT by IANS
Mumbai, May 22 (IANS) The Indian rupee Tuesday slipped to 55.47 against a dollar, hitting a fresh record low for the fifth session in a row, due to increased ... Read more...

Posted in Business |

Murugappa group plans Rs.1,000 capex in 2012-13


May 10th, 2012 - 9:37 pm ICT by IANS
Chennai, May 10 (IANS) The Chennai-based Rs.22,314 crore-turnover industrial conglomerate Murugappa group is planning to spend around Rs.1,000 crore capex this fiscal in expanding its various businesses while looking out ... Read more...

Posted in Uncategorized |

Air India to raise $1.1 bn for new aircraft, working capital


May 8th, 2012 - 11:47 pm ICT by IANS
Mumbai, May 8 (IANS) Air India will raise $1.1 billion to fund its new aircraft acquisition programme and meet working capital requirements, the national carrier said Tuesday, on the day ... Read more...

Posted in Business |

India continuing on the reform path: Mukherjee


April 22nd, 2012 - 10:27 pm ICT by IANS
Washington, April 22 (IANS) Rejecting opposition charges of a policy paralysis on reforms back home, Finance Minister Pranab Mukherjee today that the United Progressive Alliance was going ahead with ... Read more...

Posted in Uncategorized |

Realty sector sore with union budget


March 16th, 2012 - 8:18 pm ICT by IANS
Mumbai, March 16 (IANS) Predicting an escalation in property prices, top players in Maharashtra's crucial realty sector Friday said they had been ignored by Finance Minister Pranab Mukherjee in ... Read more...

Posted in Business |

Budget highlights 8


March 16th, 2012 - 4:12 pm ICT by IANS
* Cinema industry exempted from service tax.* Service tax rate raised from 10 percent to 12 percent to bring in Rs.18,660 crore.* Excise duty raised from 10 to 12 percent.* ... Read more...

Posted in Business |

Prominent highlights of 2012-13 budget


March 16th, 2012 - 4:11 pm ICT by IANS
New Delhi, March 16 (IANS) Prominent highlights of the budget for 2012-13 presented by Finance Minister Pranab Mukherjee in the Lok Sabha Friday:* Income tax exemption limit raised to ... Read more...

Posted in Business |

Budget highlights 7


March 16th, 2012 - 2:04 pm ICT by IANS
* Income tax exemption limit raised to Rs.2 lakh to provide relief of relief of Rs.2,000 for assessees in this catergory; 20 percent tax on income over Rs.10 lakh, up from ... Read more...

Posted in Business |

Global uncertainty affecting India: Pranab


February 21st, 2012 - 6:56 pm ICT by IANS
New Delhi, Feb 21 (IANS) Global financial problems, besides a tight monetary policy, are affecting the Indian economy and a slowdown in external demand has led to a decline ... Read more...

Posted in Business |

Surge in foreign fund flow into infrastructure


February 5th, 2012 - 6:07 pm ICT by IANS
New Delhi, Feb 5 (IANS) Overseas investors are increasingly pumping money into India's infrastructure sector, especially in the power, oil and gas, telecom and iron and steel segments, due to ... Read more...

Posted in Business |

India’s external debt rises to $326.6 bn


December 30th, 2011 - 7:27 pm ICT by IANS
New Delhi, Dec 30 (IANS) India's external debt climbed 6.6 percent to $326.6 billion by September-end from $306 billion at the beginning of the current financial year on account of ... Read more...

Posted in Business |

CEOs bearish on 2012 investment prospects: CII


December 4th, 2011 - 3:38 pm ICT by IANS
New Delhi, Dec 4 (IANS) A majority of the country's leading CEOs feel that domestic and international investments are likely to register single digit increases or even decline in 2012, ... Read more...

Posted in Business |

India’s external debt rises to $305.9 bn


September 9th, 2011 - 9:30 pm ICT by IANS
New Delhi, Sep 9 (IANS) India's external debt rose to $305.9 billion by end-March 2011, registering a gain of $44.9 billion or 17.2 percent during the 2010-11 fiscal due to ... Read more...

Posted in Business |

Power Finance Corporation to raise $1 billion fund


August 29th, 2011 - 9:26 pm ICT by IANS
New Delhi, Aug 29 (IANS) State-run Power Finance Corporation has sought an approval from the Reserve Bank of India to raise $1 billion from external commercial borrowings, the Rajya Sabha ... Read more...

Posted in Business |

Ashok Leyland to invest Rs.1,000 crore on operations


May 20th, 2011 - 2:08 am ICT by IANS
Chennai, May 20 (IANS) Commercial vehicles major Ashok Leyland Ltd will invest around Rs.1,000 crore this fiscal on its own operations as well as on its joint ventures, a senior ... Read more...

Posted in Business |

India eases joint venture norms to draw foreign funds (Lead)


March 31st, 2011 - 6:25 pm ICT by IANS
New Delhi, March 31 (IANS) India Thursday announced an updated foreign direct investment (FDI) policy that simplifies joint venture norms and opens up new areas for overseas funds.The updated policy ... Read more...

Posted in Business |

India eases investing norms for foreign firms


March 31st, 2011 - 2:44 pm ICT by IANS
New Delhi, March 31 (IANS) India Thursday announced measures to ease investing norms for foreign firms in the updated foreign direct investment (FDI) policy by allowing overseas companies in existing ... Read more...

Posted in Business |

Reliance Communications raises $255 mn for part-finance of 3G loan


January 18th, 2011 - 6:29 pm ICT by IANS
Mumbai, Jan 18 (IANS) Reliance Communications (RCom), part of the Reliance Anil Dhirubhai Ambani group, Tuesday said it has raised $255 million (Rs.1,155 crore) through external commercial borrowings for partly re-financing ... Read more...

Posted in Business |

Norms eased for dollar payments for telecom spectrum


January 25th, 2010 - 6:57 pm ICT by IANS
New Delhi, Jan 25 (IANS) Even as the process of auctioning radio frequency spectrum for third generation telecom hangs fire, India Monday eased its borrowing norms to enable a successful firm pay ... Read more...

Posted in Business |

‘India can do more to attract foreign direct investment’


January 24th, 2010 - 5:43 pm ICT by IANS
Chennai, Jan 24 (IANS) Urging further economic reforms by India to attract more foreign direct investment (FDI), speakers at the 16th edition of the Partnership Summit 2010 Sunday said the flow of ... Read more...

Posted in Business |

‘There is no concern of capital inflows’ : RBI Governor


December 10th, 2009 - 10:38 pm ICT by ANI
Kolkata, Dec 10 (ANI): The Reserve Bank of India (RBI) Governor D Subbarao said here on Thursday that there is no concern of capital inflows building asset bubbles in India as of ... Read more...

Posted in National |

Industry split over tightening of foreign borrowing norms


December 10th, 2009 - 7:03 pm ICT by IANS
New Delhi, Dec 10 (IANS) Leading industry lobbies Thursday differed over the central bank's decision to tighten foreign borrowing norms on the ground that the liquidity crunch has eased considerably and it ... Read more...

Posted in Business |

Capital inflows in line with need: Apex bank


December 10th, 2009 - 6:51 pm ICT by IANS
Kolkata, Dec 10 (IANS) Reserve Bank of India (RBI) Governor Duvvuri Subbarao Thursday said capital inflows into India were in line with the country's need and that there was no concern over ... Read more...

Posted in Business |

Indian firms raised over $2 bn from overseas in July


August 27th, 2009 - 12:45 pm ICT by IANS
Mumbai, Aug 27 (IANS) Indian firms raised over $2 billion through external commercial borrowings in July to fund various programmes, including overseas acquisitions and for importing capital goods, the Reserve Bank of ... Read more...

Posted in Business |

FDI flow to India will remain robust: Goldman Sachs


April 6th, 2009 - 5:11 pm ICT by IANS
New Delhi, April 6 (IANS) The global economic slowdown will not affect the foreign direct investment (FDI) flow to India as the domestic demand remains "resilient", investment banker Goldman sachs said Monday. "FDI ... Read more...

Posted in Business |

India’s external debt rose to $230.85 bn


March 31st, 2009 - 10:30 pm ICT by IANS
New Delhi, March 31 (IANS) India's total external debt rose to $230.85 billion at the end of December from $224.65 billion at September-end, the finance ministry said Tuesday. "The total external debt marginally ... Read more...

Posted in Business |

Orchid Pharma buys its bonds to save on interest cost


March 31st, 2009 - 5:47 pm ICT by IANS
Chennai, March 31 (IANS) The city-based bulk drug manufacturer Orchid Chemicals and Pharmaceuticals has purchased $12.1 million worth of bonds from the market and is in the process of extinguishing them to ... Read more...

Posted in Business |

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