Rupee Loans

A high powered government panel has now proposed a solution recommending a multi-pronged strategy to bypass dependence on hard currencies like the euro or the dollar.

Jindal Stainless posts Rs 301 cr net loss in Q3

The company had reported a net loss of Rs 257 crore in the corresponding quarter of the previous fiscal.

Hope to reduce debt of Rs 2,750 crore soon: Hotel Leela

Forex loans raised by infrastructure and manufacturing companies can be used to retire rupee loans. Now, hotel companies too could do the same. This facility of replacing expensive rupee loans with cheap foreign exchange loans was extended to hotel companies as well.

Telecom firms allowed to raise ECBs to pay for 2G spectrum

The government on Friday said telecom companies that win in the upcoming 2G spectrum auction will be allowed to raise cheap loans from overseas markets in the form the external commercial borrowings (ECBs).