1 vote
India Inc has received approvals to raise $1.16 billion through external commercial borrowings (ECBs) in July while foreign convertible currency bonds (FCCBs) shows a drop of almost 35% as against $1.79 billion in June. Similarly the ECB approvals have fallen by 42% over July 2009 when the Indian had raise $ 2.01 billion . According to data released by the Reserve Bank of India (RBI), on Monday, 67 companies have been given approvals to raise funds via ECBs and FCCBs in July 2010, as against 51 companies in June 2010. HPCL Mittal Energy Ltd has been given an approval to ...