Indian business post

ECBs stand at US$ 4.56 bn during Dec 2013

27 01 2014

Indian firms have raised US$ 4.56 bn through external commercial borrowings (ECBs) in the month of Dec 2013 and US$ 2.18 bn during Nov 2013 by automatic and approval route. The borrowings stood at US$ 4.56 bn in Dec 2013 as compared to US$ 1.14 bn in Dec 2012.

External commercial borrowings (ECBs) since April 2011 (US$bn)

Source: PHD Research Bureau, compiled from RBI

Note: ECB contains both automatic and approval routes

India has received gross ECBs worth around US$233 bn between FY2001 and FY2014 (till Dec 2013).

Gross ECB Inflows (US$bn)

Source: PHD Research Bureau, compiled from RBI

* Data pertains till Dec 2013

Note: ECB contains both automatic and approval routes

A closer look at the ECBs pattern reveals that the lion’s share in ECB during the month of Dec 2013 is held by Overseas Acquisition contributing to about 62% of the total, followed by Other (Import of Non-Capital Goods) at about 11% and import of Capital Goods at about 8%.

Pattern showing ECBs during Dec 2013 (% share in total)

Source: PHD Research Bureau, compiled from RBI, Note: ECB contains automatic& approval route both

*Others with share of 0.15% include the external commercial borrowings by Vautid shah Hardface Private Limited and SGS India Private

Limited however, the purposes is not mentioned in the release.

Warm regards,

Dr. S P Sharma

Chief Economist

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Magnificent Trailer Launch of Balaji Motion Pictures Main Tera Hero

27 01 2014

It was an afternoon to remember where the trailer of one of the most anticipated films of the year ‘Main Tera Hero’ was launched. With youthful energy and vibrancy, this event felt another aura of energy.

The king of comedies ‘David Dhawan ’ will be seen directing his younger son Varun Dhawan for the very first time. Main Tera Hero is a comic love triangle which encircles around Varun Dhawan, Ileana D’cruz and Nargis Fakhri with various twists and turns.

The Trailer of the film which recently released created a tremendous amount of buzz and people are already quite keen to see the film.

The entire cast and crew of Main Tera Hero were present on stage to interact with the media and share wonderful moments from their experiences together: Producer Ekta Kapoor, Director David Dhawan and Actors Varun Dhawan, Ileana D’cruz and Nargis Fakhri.

Directed by David Dhawan and produced by Balaji Motion Pictures,Main Tera Hero is all set to hit the screens on 4^th April 2014, starring Varun Dhawan, Ileana D’cruz and Narghis Fakhri in the lead roles.–

Shailesh Giri

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