India Inc raised over $750.76 million from overseas markets in August 2015, up about 48% from a year ago, says RBI data.During the same month in 2014, the Indian firms had raised $507.40 million from markets abroad. However, the amount borrowed by Indian firms from overseas markets in August this year was much lower than over $2.14 billion, raised in previous month. The borrowings, in a combination of automatic and approval routes, were done by way of external commercial borrowings (ECBs).
FIPB to Take up 31 FDI Proposals Tomorrow
Inter-ministerial body FIPB will take up 31 foreign in vestment proposals on September 29, including that of Cipla, Aditya Birla Nuvo and HDFC Capital Advisors. The Foreign Investment Promotion Board (FIPB), headed by economic affairs secretary Shaktikanta Das, will meet to take up 31 FDI proposals listed onagenda, finance ministry said.
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