Danish India negotiated a settlement with the Nayak. Kongsbakke's reports, sent to Denmark via other European vessels, finally convinced the Danish government to relieve him. The frigate "Færø" was dispatched to India, commanded by Capt Sivardt Adelaer, with an official confirmation of his appointment as colony leader. It arrived May 1669 — ending 29 years of isolation. Trade between Denmark and Tranquebar now resumed, a new Danish East India Company was formed, and several new commercial outposts were established, governed from Tranquebar: Oddeway Torre on the Malabar coast in 1696, and Dannemarksnagore at Gondalpara, southeast of Chandernagore in 1698. The settlement with
Commercial paper in India from these statistics that the cost of borrowing working capital through Commercial paper transaction became relatively lower for the corporate companies in India in comparison to the cost of borrowing the same working capital through cash credit facility from the commercial banks. The obvious result was an absolute growth of the Commercial paper market in India, particularly, after 2007-08 onward. Commercial paper in India Commercial Paper in India is a new addition to short-term instruments in Indian Money market since 1990 onward. The introduction of Commercial paper as the short-term monetary instrument was the beginning of a reform in Indian