Foreign Funding

Hudco in talks with global institutions to raise $1 bn by Mar: CMD

State-owned infra financing institution Housing and Urban Development Corporation Ltd (Hudco) is in talks with multilateral development banks, including ADB, and institutions to mobilise USD 1 billion to fund infra projects in the country, its Chairman and Managing Director Sanjay Kulshreshta said. "We are in advanced discussion with KfW (Germany's state-owned development bank) to raise USD 200 million," he told PTI. Besides, the company is in talks with multilateral development banks like the Asian Development Bank for a loan of USD 500 million and USD 200-300 million from the Asian Infrastructure Investment Bank in the current financial year, he said. "We are hoping to finalise these fundraises of about USD 1 billion during the current financial year for on-lending to infrastructure projects," he added. Foreign funding will not only diversify the resource-raising stream but also bring down the cost of funds, he said. Further elaborating on the company's initiative to achieve bet

Govt must handle NGO foreign funding cases with an 'open mind': Madras HC

The court made the observation while delivering an order on a plea by a Trust which had challenged the MHA's decision to reject its application for renewal of registration under the FCRA

Foreign private sector firms' return ratios at 17-year high, shows data

RoCE trended higher in FY25 amid a drop in net FDI

SMFG India Credit raises $175 mn via foreign loan for lending operations

Non-bank finance company SMFG India Credit on Tuesday said it has raised USD 175 million foreign loan. The funds have been borrowed through a syndicated loan and will be used for regular lending operations, as per an official statement from the company run by Japan's SMFG. The External Commercial Borrowing (ECB) facility has been jointly arranged by Standard Chartered Bank (SCB) and CTBC Bank, the statement from the company formerly known as Fullerton India Credit, said. It can be noted that a slew of its peers have been accessing funds through the ECB route over the last few months even if they come at a higher cost, as arranging funds from domestic banks become difficult amid regulatory changes and slower deposit growth. The Non-bank finance company said it has fully hedged the facility to mitigate risks associated with foreign exchange and interest rate fluctuations. "With this funding, we aim to strengthen our lending capabilities, ensuring greater access to credit for individ

Adani Group faces funding concerns after US indictment against founder

Research firm CreditSights highlighted refinancing for the conglomerate's green energy business, which is at the centre of the allegations, as its biggest near-term concern

Foreign funding: Higher FDI to improve growth outcomes for Indian economy

India needs to continuously improve its business environment to attract durable foreign saving

NRI deposits see nearly $4 billion inflows in April-June FY25: RBI data

In June, inflows into the various NRI schemes stood at $1.23 billion compared to $1.7 billion in May

Foreign inflows in FAR securities almost double in 9 months: CCIL data

Market participants said that the inflows are expected to continue and might touch Rs 2.5 trillion in the next 5 to 6 months

FTSE Russell defers India's inclusion in govt bond index due to taxation

Indian bonds have seen foreign inflows of nearly $10 billion over the last six months

CPR CEO Yamini Aiyar quits two months after govt annuls FCRA permit

Yamini Aiyar, the CEO of Centre for Policy Research, will step down from her current role on March 31. Dr Srinivas Chokkakula, a senior fellow at the think tank, will succeed Aiyar

Tata Capital plans to raise $750 mn in debut foreign funding next fiscal yr

"For overseas borrowings, we may also evaluate dollar bonds as there has been lot of interest by overseas investors in Indian corporates."

Sebi mulls framework for FPIs to sell assets after expiry of registration

Currently, there is no provision to deal with securities lying frozen in the demat accounts of FPIs whose registration has expired

MHA cancels FCRA registration of CPR for charging violation of norms

"The FCRA has been cancelled via order received on January 10" and the institution will weigh its options to seek justice," Yamini Aiyar, President, CPR said while speaking to ANI

Govt cancels foreign funding license of Centre for Policy Research

CPR, a not-for-profit organisation which conducts research on a range of policy issues in India, said it was in "complete compliance" with the law and will seek remedy in every way possible

NewsClick case: ED summons US millionaire Neville Singham to join probe

Neville Roy Singham's name first surfaced in a report by The New York Times, which alleged that the US millionaire was involved in spreading Chinese propaganda worldwide.

Reserve Bank of India net sells $3.9 billion foreign currency in August

The rupee depreciated by 0.6 per cent in August. In July, the RBI had recorded a net purchase of $3.4 billion in the spot market

'Disgrace to democracy': Shashi Tharoor on NewsClick raids, arrests

Attacking the BJP-led central government, Congress leader Shashi Tharoor said that confiscating journalists' laptops and depriving them of access is not right

Didn't run Chinese propaganda, govt treats criticism as sedition: NewsClick

All funding received by NewsClick has been through appropriate banking channels, said the online website in a statement on Wednesday

FCRA registered NGOs to give details of assets created using foreign funds

NGOs registered under the Foreign Contribution Regulations Act (FCRA) will now have to provide details of moveable and immovable assets created by them using foreign funds. The need for mandatory declaration of assets by the NGOs by the end of every financial year (March 31) came after the Ministry of Home Affairs (MHA) on Monday issued a gazette notification modifying the rules that govern the NGOs which receive foreign funding. According to the law, all NGOs receiving foreign contributions have to be registered under the FCRA. The MHA made the changes in the Foreign Contribution Regulation Rules, 2010, by inserting two clauses -- (ba) details of movable assets created out of foreign contribution (as on March 31 of financial year) and (bb) details of immovable assets created out of foreign contribution (as on March 31 of financial year) -- in Form FC-4. Form FC-4 is filled by NGOs and associations granted FCRA licences for filing their annual returns. The MHA also decided to exte

Foreign retail's rising stake in India

Walmart's India journey reflects not only its survival in a market it considered invaluable but also the country's rise as a preferred destination for businesses, despite the odds