In the past year, a combination of domestic and global problems pushed the markets and the rupee down. While the markets lost over 10 per cent, the rupee depreciated 22 per cent against the dollar. Since January 2012, both the markets and the rupee have lost over five per cent each. Sudip Bandyopadhyay, managing director and chief executive officer of brokerage firm Destimoney Securities, says under
When promising tech company Subex sold $180 million in five-year convertible bonds in March 2007 to fund the acquisition of a Canadian technology company, India was at the height of an
Indian firms which have not shielded themselves against an unprecedented slide in the rupee against the dollar, will soon be staring at a huge dent in their balance sheets. The sharp depreciation
The move is expected to bring down the company’s interest burden by 5-6% in FY13
The falling rupee has come a cropper for BPO firm Firstsource as it creates cash reserves for an eventual buyback of its foreign currency convertible bonds. The company has $237-million FCCBs
Ybrant Digital, a Hyderabad-based provider of digital marketing solutions, will be acquiring the three internet brands of Experian Interactive Media (EIM), which is currently one of the top five
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