Global financial crisis has clearly hurt overseas debts of India Inc,
as corporates raised $1.12 billion less than half of the amount mopped
up in the previous month, despite liberalisation of norms. The Indian
companies raised $2.8 billion in September through the external
commercial borrowing (ECB) route. Mukesh Ambani-owned Reliance
Industries borrowed the highest $400 million, data released by RBI
showed. The company borrowed $100 million through the automatic route
for import of capital goods, while $300 million was mobilised for
project after approval from the government. Jaiprakash Associates
raised $60 million to import capital goods, while Essar Shipping Ports
& Logistics borrowed $148 million from overseas market for leasing
and hire purchase during the month, RBI said. A total of 44 Indian
companies raised funds through ECB route during the month.
Supreme Court: Death Penalty awarded to Convicts in Nirbhaya Gangrape Case
Supreme Court : The alimony amount must be befitting the status of the parties
On 17th December, 2020, the Delhi High Court stated that “A promise of marriage cannot be held as an inducement for engaging in sex over a protracted and indefinite period of time”, whilst they di More
Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion More