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GTL Infra board to discuss conversion of $5 mn foreign debt into equity

GTL Infra board to discuss conversion of $5 mn foreign debt into equity

Telecom tower company GTL Infrastructure said a committee is scheduled to meet on Tuesday to discuss conversion of USD 5 million (Rs 33.35 crore) foreign debt into equity.

IMF deputy 'impressed' by Ukraine's move toward reform

The International Monetary Fund's number two has said he was "impressed" by war-torn Ukraine's plans for economic changes aimed staving off bankruptcy and a foreign debt default.

Important to have FII debt limits: Raghuram Rajan

Cautioning about reliance on foreign flows, Reserve Bank Governor Raghuram Rajan on Tuesday advocated for continuing with caps on overseas investments in debt.

India Inc raises $7.5 bn in foreign debt so far in 2013

As the cost of rupee funds remains too high, 11 companies have raised a record USD 7.5 billion in foreign debt this year via bonds, which is 75 percent of what India Inc had mopped up in the entire 2012.