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Rs 3.5/Share Dividend Declared: NBFC Declares 55.5% YoY Surge In PAT, Shares Up 87% In 1-Yr -
Rs 118/Share Dividend: Healthcare Stock Below Rs 400 Turned Ex-Dividend, Payout Soon; Buy For Rs 515 Target -
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25% Dividend Record Date: Logistic Stock Nears 1-Year High And It Belongs To Mahindra; Motilal Neutral -
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
1:5 Split Soon: Rs 2,300 Defence Stock To Split Into Five Shares, Rs 400 Cr Fundraising Too; Hits 52-Week High -
Penny Stock Bags Back-To-Back Orders Worth Rs 500 Mn, 110 Mn; Shares Hit Upper Circuit -
Marshall Wace Offloads Stakes in 21 Indian Companies for Rs 2,365 Crore
RBI relaxes external commercial borrowing guidelines
Enhancing the maximum permissible limit of ECB, the RBI increased the overseas borrowing cap to 75% of the company's last three-year average forex earnings or 50% of the highest foreign exchange earnings realized in any of the immediate past three financial years, whichever is higher;
Special Purpose Vehicles (SPVs), which have completed at least one year of existence and do not have sufficient track record for three financial years, the maximum permissible ECB will be limited to 50% of the annual export earnings realized during the past financial year.
The maximum ECB that can be availed by an individual company or group, as a whole, under this scheme will be restricted to USD 3 billion.
As per earlier rules, the maximum permissible ECB that can be availed of by an individual company was limited to 50% of the average annual export earnings realised during the past three financial years.
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