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Supertech to invest Rs 4,000 crore to build affordable homes

Supertech to invest Rs 4,000 crore to build affordable homes

Realty firm Supertech plans to invest about Rs 4,000 crore to develop low-cost homes as it expects demand for affordable housing to rise after getting infrastructure status in the budget.

Draft bankruptcy law likely within 10 days: Official

The bankruptcy law, a legislation for improving ease of doing business in the country, is one of the major focus areas of the government and its draft was likely to be ready in the next 10 days, Economic Affairs Secretary Shaktikanta Das said on Thursday.

HPCL plans to raise $250 mn in forex debt soon

After raising USD 300 million recently, Hindustan Petroleum Corporation (HPCL) is set to raise USD 250 million (about Rs 1,663 crores) through external commercial borrowing (ECB) to fuel its capex plan, a senior company official has said.

Air India to raise foreign loan worth $300 mn through ECB

Air India will raise USD 300 million (about Rs 1,900 crore) by way of ECB and the government will provide guarantee for the loan, a senior Civil Aviation Ministry official said Wednesday.

Air India may soon get $300 million loan through ECB

Air India may soon get $300 million loan through ECB

This ECB would be guaranteed by the Government of India and interest rate is fixed or floating linked to Libor.

RBI relaxes norms for raising ECB in rupee

The Reserve Bank Thursday relaxed norms to help Indian corporates to raise funds in rupees from overseas lenders.

Air India may tie up with SBI, Citibank to raise funds through ECB

National carrier Air India is likely to tie up with Citibank and public sector lender State Bank of India to raise USD 300 million from overseas market via External Commercial Borrowing (ECB) route, sources said.

Gujarat Pipavav to fund expansion via internal accruals

The company had accordingly informed IFC and has now received its confirmation for cancellation of loan.

Cos likely to raise $6 billion through 'Masala' bonds in FY16

Leading corporate houses are likely to issue rupee-denominated offshore bonds aka 'Masala Bonds' worth USD 6 billion this year and double it to USD 12 billion next fiscal, says a report.

Air India extends date to accept the bid through ECB till May 7

Air India has extended by one week the date to accept the bid by foreign banks and financial institutions offering loan to the national carrier which aims to raise USD 300 million through external commercial borrowing (overseas loans) to meet its working capital requirements.

HDFC to raise up to $500 million from ECB

Housing Finance company HDFC Ltd Friday said it has got RBI clearance to raise up to USD 500 million (about Rs 3,100 crore) as External Commercial Borrowing (ECB) to fund its business growth.

Better biz environment ups India ECB borrowings at $4.3 billion in Feb

Showing signs of uptick and confidence in Indian business environment, external commercial borrowing (ECB) by Indian companies rose to USD 4.3 billion in February 2014.

Jet to raise $300 mn in ECBs to trim high cost debt

"In terms of ECB transactions, we have got the necessary approvals from the Reserve Bank to raise USD 150 million for which the documentation process is underway.

Cos allowed to convert overseas borrowing into equity via ECB

Reserve Bank Thursday said companies can convert their overseas borrowings through the ECB route into equity shares at the foreign exchange rate applicable on the date of swap agreement.

HDFC plans to raise $300 mn

Housing Finance firm HDFC Ltd today said it plans to raise USD 300 million through external commercial borrowing (ECB) to fund its expansion.

Heavy Ind Min concerned over higher ECB cap for power projects

The Heavy Industries Ministry has raised concerns over enhanced external commercial borrowing limit for funding domestic power projects, citing that the move adversely impacts local gear makers including BHEL.

Cos can use ECB for general corporate purposes: RBI

In order to encourage capital flows, the RBI on Wednesday eased the external commercial borrowing (ECB) norms by allowing companies to use funds raised from foreign partners for general corporate purposes.

RBI allows use of ECB fund for import of services

Amid declining value of rupee, the Reserve Bank Wednesday relaxed ECB norms and allowed companies to use the overseas debt to pay for import of services, technical know-how and licence fee as part of capital goods imports.

Easier ECB norms to create more affordable housing: Crisil

The easing of fund-raising norms through the external commercial borrowing (ECB) route will lead to developers focusing on low-cost housing projects, says rating agency Crisil.

ECBs unlikely to help improve credit ratings: India Ratings

The near-zero interest rate of ECBs is the key driving factor for infrastructure projects to lean towards foreign borrowings, it said.