Weak rupee hurts companies with huge external debt

[ad_1] The global economic crisis is beginning to weigh heavily on the balance sheet of India Inc, thanks to the depreciation of the rupee. While the weakening rupee may lift the spirits of export-oriented sectors such as IT and textiles, it has led to an increase in foreign exchange liabilities of Indian companies. Accounting rules […]

Wait for additional signals before becoming positive

[ad_1] At the recent low of 12514, the Sensex tested the 12800-12000 support zone and has since attempted a corrective advance. During past trend phases in the Sensex, a monthly moving average convergence/divergence (MACD) down below its trigger line has typically resulted in significant cost erosion, with the corrective phase continuing for at least a […]

Six Indian companies named to BusinessWeek’s Top 100 IT Companies list

[ad_1] NEW DELHI: Despite the turmoil in the global economic environment, as many as six Indian firms, including Reliance Comm and Bharti Airtel, have been named one of the top 100 best performing IT companies in the world by US magazine BusinessWeek. In BusinessWeek’s latest annual “The Infotech 100” list, which ranks companies based on […]

Indian firms have dropped in the global rankings; four exits from the Top 500

[ad_1] LONDON: The turmoil in the stock market has weighed on the global rankings of Indian companies, with 14 listed on the new list of the world’s 500 most valuable companies, collectively seeing their market value decline by about $150 billion in the top three. months of this year. While 13 of the 14 companies […]

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