The government on Wednesday said it is contemplating relaxing norms governing external commercial borrowings to enable Indian corporates access higher foreign capital at low cost.
Permitting realty firms to tap ECBs, relaxing borrowing norms for non-banking finance companies, increasing the ECB limit 50 per cent to $750 million under the automatic route (that is, without central bank permission) and raising the price ceiling at which overseas loans can be raised are among proposals the committee is considering. For realty, the committee may relax norms only for integrated township projects, said a top finance ministry official.
India's T20 captain Harmanpreet Kaur is set to represent the Surrey Stars in Kia Super League, the T20 tournament hosted by the England and Wales Cricket Board (ECB) after a successful stint with Sydney Thunders in Women's Big Bash League, last year.
Texas billionaire Allen Stanford has decided to end his five-year contract with the England and Wales Cricket Board for an annual one-day series after he lost $ 40 million in the first year itself, sending ECB into a financial tailspin, media reports said in London on Wednesday.
State-owned National Aviation Company of India Ltd (Nacil), which runs Air India, has approached the government to raise $2.3 billion through external commercial borrowings (ECBs) as part of a plan to restructure its high-cost working capital debt.
The move could streamline capital flows and help finance current account deficit
The England and Wales Cricket Board (ECB) should "hang their heads in shame" over their sacking of coach Peter Moores, according to former captain Alec Stewart.
Jason Roy has given up his incremental contract with the England and Wales Cricket Board (ECB) to play in the inaugural edition of the United States' new Twenty20 tournament - Major League Cricket (MLC).
Pollard to join England coaching staff for next year's T20 WC
New England and Wales Cricket Board chairman Colin Graves says he did not give Kevin Pietersen any guarantees about being recalled by England this year.
Kevin Pietersen and his men should call off their tour of India because the situation there is far from safe, former England and Wales Cricket Board chairman Lord MacLaurin said on Tuesday. MacLaurin said it would be sad if the ECB, which is awaiting a report from its security adviser Reg Dickason, eventually gives its go-ahead for the two-match Test series.
ECB chairman David Morgan said the tour will take place unless directed otherwise by the government or because of security fear.
'Higher interest rates make gold less attractive as it doesn't generate yield.' 'However, with rates set to fall, the tables are turning for gold.'
The England and Wales Cricket Board has rejected any change in its stance over not allowing its senior players a clear window to play a full IPL season, saying it cannot make any compromise on the team's Test season.
Kevin Pietersen is set to return to the England team as the controversial batsman has reached an agreement with the England and Wales Cricket Board (ECB) after being dropped during the South Africa tour.
Michael Vaughan has slammed England captain Alastair Cook's "poor tactics" in the ongoing Lord's Test against India and called for the ECB to consider taking the captaincy away from him.
ECBs may be allowed to put loans upto $ 500 million for rupee expenditure by Indian infrastructure companies under the automatic approval route. At present, such loans need RBI approval. The government may also raise the limit for dollar borrowings for rupee expenditure, which would need RBI approval. So, if a company is borrowing say $ 750 million, it can immediately access foreign funds up to $500 million without prior permission, but will need approval for the rest.
The England and Wales Cricket Board (ECB) has asked Kevin Pietersen to stay away from suspended Indian Premier League commissioner Lalit Modi after the two were spotted before the first Test against Pakistan at Trent Bridge.
The government has effectively instructed England to cancel October's tour of Zimbabwe, ECB chief Tim Lamb said.
The government may liberalise external commercial borrowing rules in the next few days, especially for the infrastructure sector including capital-intensive ones like telecom, a Finance Ministry official said on Friday.
IMAGES from the Day 4 of the 1st Test between England and Sri Lanka in Manchester on Saturday
Smith, who has played just four Twenty20 internationals for Australia since the start of 2023, went unsold at the Indian Premier League auction held in December last year.
The ninth Nawab of Pataudi, who breathed his last on Thursday, was educated in England and captained Oxford University and Sussex, besides playing for India in 46 Test matches between 1961 and 1975.
Essar Oil is in the final stages of negotiations to raise $100 million (about Rs 407 crore) through external commercial borrowings for expansion and upgradation of its crude refinery in Khambalia, Gujarat.
A desire for captain Alastair Cook to be able to trust and rely on the support of all his players was behind the decision to end Kevin Pietersen's international career, said the England and Wales Cricket Board (ECB).
England's Harry Brook will miss the five-match Test series against India as the middle-order batsman will return home with immediate effect because of personal reasons, the ECB announced on Sunday.
The England Cricket Board (ECB) thanked the Mahendra Singh Dhoni-led Indian cricket team for withdrawing the appeal against Ian Bell on the third day of the second Test.
At a high-level coordinate committee meeting to be held by the month-end, the government and the Reserve Bank of India will take stock of the situation.
The matches in the next edition of the cricket World Cup could be 40-overs-a-side affairs and Test matches reduced to four days if discussions between the chairmen of English counties and the England and Wales Cricket Board are proposed and ultimately accepted by the ICC.
'Cricket should be a game for everyone, and we know that this has not always been the case.'
South Africa Test captain Graeme Smith has strongly denied recent suggestions that he or his team deliberately provoked England batsman Kevin Pietersen into sending 'provocative' text messages to the Proteas players during the recent Test series between the sides.
Conditions are fit for a raise in Emergency Liquidity Assistance
The Reserve Bank on Tuesday allowed infrastructure finance companies (IFCs) to raise money from overseas markets through the automatic route to increase fund flow into the resource-starved core sector.
England have expressed safety concerns about playing in Karachi on the tour which starts in October.
It feels the BCCI has treated them unfairly in comparison with Australia.
Batting maestro Sachin Tendulkar's suggestion of splitting the ODIs into two equal halves of 25 overs each, is to be implemented not by the BCCI but by its English counterpart ECB.
The ECB expressed reservations about playing a Test match in Karachi, which has been the target of several bomb attacks.
Matt Henry joins LSG at his base price of Rs 1.25 crore.
