Indian companies raised $4.56 billion from the overseas market in December, twice as much as they did in the previous month, through external commercial borrowings and foreign currency convertible bonds. In November they had raised $2.19 billion from abroad, according to RBI data.
Irda opens regional office in Delhi
The Insurance Regulatory and Development Authority (Irda) on Friday opened a regional office in Delhi, upgrading its existing establishment. The new set-up located at Parliament Street will focus on spreading consumer awareness and handling grievances.
Sebi bans CIS of Shree Sai Spaces Sebi has barred Shree
Sai Spaces Creations and its directors from raising money from investors for a solar energy generation project, alleging that it is a Collective Investment Scheme (CIS). Sebi also said the company was inviting funds from the public for its “joint venture participation project for solar energy generation” without due registration.