Overseas

BHEL does not see slump in overseas business

Power equipment major Bharat Heavy Electricals (BHEL) continues to be upbeat about its overseas business and does not see any slump due to the economic slowdown in major economies, said a top company official.

Tata Steel among 7 companies that raised $4 bn through junk bond sales

Tata Steel leads the way in this category after selling USD 1.5 billion worth of bonds to overseas investors in a dual tranche deal late last month.

Banks need not report individual purchases of overseas immovable property: RBI

Earlier in June this year, RBI had raised the remittance limit for individuals to $125,000 per year from previous limit of $75,000 and later on eased it further by allowing the use of same for buying immovable property overseas.<br />

India firms borrowed $1.89 bn from overseas markets in June: RBI

Of the total companies raising money abroad during June, 55 firms borrowed $1.30 billion through automatic route and 14 raised $583.7 million from approval route.<br />

Good news! RBI eases norms to buy immovable property abroad

Encouraged by an improvement in the forex market, the Reserve Bank on June 3 had raised annual overseas investment ceiling for individuals to $125,000 from $75,000.<br />