External commercial borrowings eased to $2.91 billion in April from $11.04 billion in March, with Shriram Finance and SMFG India among major ECB filers
Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, clearing the way for more rate cuts from the European Central Bank to support growth in the face of US President Donald Trump's tariff offensive. Lower energy prices helped bring consumer prices in May to below the ECB's 2% target for the first time since September. Increasing signs that inflation is back under control after a painful outbreak in 2021-23 leaves room for the ECB to turn its attention to worries about the impact of a slew of new import taxes on EU goods in the US that threaten to slow Europe's export-oriented economy. Reductions in the ECB's benchmark rate, currently at 2.25%, lower borrowing costs throughout the economy, making it easier to buy things on credit and stimulating economic activity and investment. Higher rates combat inflation, but for the moment that battle appears to have been won. The ECB's rate-setting council meets on Thursday under bank President Christine Lagar
External commercial borrowing proposals reached a 72-month high of $11.04 billion in March 2025, with full-year filings touching $61.18 billion, RBI data showed
ECB have extended helping hands towards BCCI and has offered to host the remaining 16 matches of IPL 2025, including the four playoff matches
Eyes ECBs and international bond markets
Among the prominent firms that filed intent in February 2025 with the RBI is Tata Steel Ltd, for $750 million, for overseas investment in joint ventures and wholly owned subsidiaries
ICC will form a dedicated task force in partnership with BCCI, ECB, and CA to support Afghan women cricketers
Truhome Finance, formerly Shriram Housing Finance, on Friday said it has raised USD 100 million (about Rs 870 crore) through maiden syndicated External Commercial Borrowing (ECB) to fund affordable housing. The company has secured this funding through a social loan facility from DBS Bank and Sumitomo Mitsui Banking Corporation (SMBC) as mandate lead Arranger and book-runner and joint social loan coordinators in this syndication, Truhome Finance said in a statement. Structured as a social loan, this facility underscores Truhome's commitment to financial inclusion and sustainable housing finance, it added. The fund will be utilised to expand Truhome's lending portfolio, specifically catering to semi-urban and affordable housing segments, ensuring that underserved borrowers have access to home ownership opportunities, it said. This transaction not only reinforces Truhome's strong credit profile and prudent risk management practices but also sets a new benchmark for global funding in t
NMDC Data Centre Private Ltd filed ECB papers to raise $175 million with a maturity period of three years for local sourcing of capital goods
According to Reserve Bank of India (RBI) data, gross disbursements to Indian entities through the ECB route rose to $36.6 billion in April-December 2024, up from $26.1 billion in April-December 2023
The men's team of the Oval Invincibles is the reigning champion of The Hundred in 2023 and 2024
Of this, the intent for fund-raising through the automatic route amounted to $6.23 billion, while that via the approval route stood at $3.3 billion, according to RBI data
In response to Afghanistan's treatment of women, which includes severe restrictions on women's rights, a group of British lawmakers had previously urged England to boycott the group-stage encounter.
Inflation is nearly contained, but the Fed sees enough uncertainty and risk on the horizon that it has moved to the sidelines, at least for now
With the euro zone suffering through an industrial recession and weak consumption, the case for a cut is so clear that none of the ECB's 26 policymakers have publicly pushed back
The idea of a two-tier system is not new, having first been seriously considered in 2016. At the time, it faced strong resistance from several cricket boards, including the BCCI
Euro zone annual inflation accelerated in November to 2.2 per cent from 2.0 per cent a month earlier and above the ECB's 2 per cent target rate
The ECB has been easing policy as inflation worries largely evaporate and the debate shifts to whether it is cutting rates fast enough to support an economy that is lagging global peers
With US President-elect Donald Trump threatening new tariffs and political chaos engulfing France, the European Union's second largest economy, the question ahead of the European Central Bank meeting Thursday is not whether it will cut interest rates, but by how much. Analysts see a quarter-point rate cut from the current ECB benchmark rate of 3.25% as the most likely option when the bank's rate-setting council meets at its skyscraper headquarters in Frankfurt. But the prospect of a half-point cut isn't out of the question for the bank and its President Christine Lagarde as new risks that emerged since the bank's last meeting on October 17 cast a shadow over an already tepid recovery from a post-pandemic stagnation. Trump's election victory on Nov. 5 heightened the prospect of a more protectionist U.S. trade policy, such as new or higher tariffs on imported goods, after he takes office on Jan. 20. That sends a cold chill through the business world in Europe, where exports are an ...
BoE has cut Bank Rate only twice from a 16-year peak, helping to make sterling the only currency from the Group of 10 leading economies that has not fallen against the US dollar in 2024