External Commercial Borrowing

SMFG India Credit said it has fully hedged the facility to mitigate risks associated with foreign exchange and interest rate fluctuations

Lendingkart raises $10 mn via external commercial borrowing from BlueOrchard fund

The company will use the proceeds from the ECBs for onward lending activities for MSMEs, company said in a statement.

SMFG India Credit raises Rs 600 crore in Perpetual Debt Instruments via ECB route

Japan-based Sumitomo Mitsui Financial Group (SMFG), holds a majority, 74.9 percent stake in SMFG India Credit.

Exclusive | Niranjan Hiranandani on Budget 2022: Home loan deductions, real estate jobs and more

Niranjan Hiranandani said incentivising and subsidising the real estate sector will have a multiplier effect on 270 allied industries and aid job creation.

Hero Future Energies' first green bond issuance in overseas market fetches orders worth $3 billion

The firm received the orders though its subsidiary Clean Renewable Power (Mauritius) and had priced the first green bond issuance at a coupon rate of 4.25 percent for a six-year maturity period.

ECB relaxation makes India more vulnerable on the external front

The government seems to have run out of options to boost economic growth. Its tax revenues are flat in the June quarter leaving little fiscal space to spend more. So it is flogging its one-trick pony of trying to boost credit growth.

RBI liberalises ECB norms by relaxing end-use restrictions

The changes, the RBI said, have been made after receiving feedback from stakeholders.

Yes Bank's IBU at Gift City crosses $1 bn business

Mid-sized private sector lender Yes Bank today said its the balance sheet of its international banking unit (IBU) in the GIFT City has crossed the USD 1 billion mark in the past financial year.

India Inc's foreign borrowings at $1.47 bn in October

Besides, an additional USD 299.64 million was raised by three companies through newly allowed rupee denominated bonds (RDB) floated overseas -- popularly known as masala bonds.

ECB Policy: 2 Steps Forward, 1 Step Back

ECB Policy: 2 Steps Forward, 1 Step Back

PTC India Fin up 3% on ECB loan agreement with Austria Bank

PFS will utilise ECB towards growth of its renewable loan portfolio and help it in lowering interest cost which has total revenue of about 10 years including two-year moratorium on principal repayments.

Renewable energy sector has potential to grow: PTC India

In an interview with CNBC-TV18, Ashok Haldia, MD & CEO said of the total loan book, 45 percent plus have been sanctioned in the renewable energy sector.

Govt to issue tax clarification for rupee-linked bonds soon

Sources say clarification on withholding tax and capital gains for rupee-linked bonds is expected.

HPCL plans to raise $250 million in forex debt soon

The state-run oil marketer has a capital spending plan of Rs 5,300 crore for the current fiscal and of Rs 45,000 crore until 2020.

‘Monetary Policy recognizes but doesn't address challenges‘

FIEO chief stated that RBI has conceded that with the Indian rupee gaining in real effective terms, export margins are coming under pressure for those exporters without substantial imported inputs.

Minda Ind to focus on capacity utilisation, debt reduction

Minda Industries manufactures a range of ancillaries for 2-wheelers and 4-wheelers - products like switches, sensors, seat belts and wheel covers.

Shot in the arm for India Inc: RBI relaxes ECB rules

RBI says these foreign banks can now swap dollars for rupees with an Indian bank and lend to corporates at the prevailing rate.

Reliance Comm up 2% on repayment of $500 mn ECB loan

Reliance Communications has now fully liquidated the borrowings from 23 foreign banks and financial institutions.

Core investment cos can raise external comm loans for SPVs

The RBI said the business activity of the SPV should be in the infrastructure sector and the infrastructure project is required to be implemented by the SPV established exclusively for implementing the project.

Rupee to trade positive on aggressive selling of USD: Angel

According to Angel in today's session, rupee is expected to trade on a positive note as a result of aggressive selling of dollars from RBI. Sharp positive movement will be capped or reversal can be seen on account of weak global market sentiments coupled with strength in the DX.

Etihad deal delay to impact Jet's $300mn ECB issue: Sources

The next few days will be very crucial for the deal when all the ministries and other agencies look at every aspect of these bilateral rights which are very important part of the entire Jet-Etihad deal

Reliance Communications up 5% on repayment of 2 ECB loans

Reliance Communications completed full repayment of two syndicated ECB (external commercial borrowing) loans worth USD 1 billion during the quarter ended June 30, 2013.

RBI extends refinancing Re loans by telecom cos to Mar'14

The payment for spectrum allocation may initially be met out of the rupee resources by successful bidders, to be refinanced with a long-term ECB is subject to the condition that ECB should be raised within 12 months from the date of payment of the final installment to the government.

Companies can refinance 3G payments via ECBs till FY14: RBI

Indian companies, which were successful bidders in the 3G spectrum auctions can refinance their payments in rupee terms through external commercial borrowing (ECB) route with an extended window till March 31, 2014; the Reserve Bank of India (RBI) said in a notification on Tuesday.