Indian companies ramped up overseas borrowings in 2024, exceeding $32 billion by October, surpassing the total for 2023. Non-bank finance companies (NBFCs) led the charge, borrowing over $16 billion, primarily for on-lending. High US interest rates didn’t deter borrowing, with many companies prioritizing access to larger loan sizes and managing rupee exposure.
Mcap of top-10 most valued firms slumps Rs 4.95 lakh cr; TCS, Reliance hardest hit
The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities,
December 22, 2024