India Inc borrowing dips to $1 billion in August
Overseas borrowings by India Inc fell by nearly half to $1.08 billion in August against $2 billion during the previous month. - India Inc"s staff cost grew slower in Q4 of last fiscal - India Inc eyes Sri Lanka for projects - India Inc eyeing Sri Lanka for projects - India Inc mops up Rs 40,000 cr via debt in Q1 - India Inc settles for smaller M&A deals - India Inc"s hiring slows down 3.6% in August: Naukri.com The total overseas loans raised by over 50 companies through external commercial borrowings (ECB) was down from $2 billion in July to $1 billion in August, according to the ECB data released by the RBI today. Of the total borrowings, $934 million was raised through automatic route and USD 154 million was mopped up through approval route. The ECB data for August showed that most of the companies raised overseas funds for import of capital goods, modernisation, projects, among other things. Out of $1 billion, Tata Teleservices borrowed $300 million through automatic route for import of capital goods, while Petronet LNG mopped up the same amount for modernisation and projects. Besides them, Hindustan Oil Exploration Company raised $125 million during the month. Other firms which borrowed in August include Systema Shyam Teleservices and Mahindra Vehicle Manufacturers.300 loans commented:
The market is going down these days and this is the result to that therefore the countries are suffering
11.08.2011
payday loans with bad credit commented:
There are ups and down in the economy so the time will come when it will be good and the debt will be over.Wait for the boom period.
30.08.2011
payday loan commented:
The ECB data for August showed that most of the companies raised overseas funds for import of capital goods, modernisation, projects, among other things. Out of $1 billion, Tata Teleservices borrowed $300 million through automatic route for import of capital goods, while Petronet LNG mopped up the same amount for modernisation and projects. Besides them, Hindustan Oil Exploration Company raised $125 million during the month.
16.09.2011
quick loan commented:
Till now, for India Inc there is visibility of orders for the next couple of quarters. Most people don’t know how the situation will roast out. I think it’s going to be a long, painful ride till 2013.
01.10.2011
Family Offices Asia commented:
India inc is facing the impact through winch is economy is going and thanks for the blog very much
16.11.2011