The draft framework on External Commercial Borrowings (ECBs), however, proposed to lower the all-in cost borrowing by 0.50 percent to ensure that the funds are borrowed from abroad at a reasonable interest rate.
Posts tagged MC
Cos can approach SWFs, pension funds for ECBs: RBI draft (23-09-2015)
IDBI expects to double balance sheet by 2019: MD (23-09-2015)
The Mumbai-based lender will be opening 10 overseas branches within a span of three years and 23 more branches across the country this year.
Volkswagen boss quits over diesel emissions scandal (23-09-2015)
Volkswagen CEO Martin Winterkorn said he was shocked by events of the past few days, above all that misconduct on such a massive scale was possible at the company.
Mukesh Ambani tops Forbes’ list of richest Indians (23-09-2015)
The combined networth of the top 100 billionaires stands at USD 345 billion, just a billion short of the number last year.
Mundra frowns at rising corporate leverages (23-09-2015)
It could be noted that the Financial Stability Report released by the RBI in June this year had also issued a red flag against rising corporate leverage.
Manappuaram Fin, CEO settle insider trading case with Sebi (23-09-2015)
It was alleged that the company and its executives have violated provisions of Sebi’s PIT (Prohibition of Insider Trading) Regulations.
Paytm plans to launch payments bank by March (23-09-2015)
Paytm founder and CEO Vijay Shekhar Sharma was one of the two individuals, besides nine other entities including Reliance, Vodafone, Airtel, Birla and TechMahindra, among others, which have been granted in-principle nod to set up payments banks by Reserve Bank last month.
Cairn moves intl court for appointment of arbitrator (23-09-2015)
The company had in March filed an arbitration notice and named former Bulgarian minister and lawyer Stanimir A Alexandrov as its arbitrator for resolution of the tax demand linked to 2006 reorganisation of Cairn India, its one-time Indian subsidiary with oilfields in Rajasthan.
Dishman gets licence from JJ to make TB drug raw material (23-09-2015)
TB is a major concern in India with an estimated 2.8 million cases of the disease. Around 64,000 people have been diagnosed with MDR-TB in the country so far.
Sales of AGS tech cars cross 50,000 units: Maruti Suzuki (23-09-2015)
The company had introduced the auto gear shift (AGS) technology in the country through its small car Celerio, which was launched in February 2014.