Business Daily from THE HINDU group of publications
Monday, Oct 15, 2007
ePaper
Business Daily from THE HINDU group of publications Monday, Oct 15, 2007 ePaper |
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Markets
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Derivatives Markets Money & Banking - Events States - Tamil Nadu
Competing globally: Ms S. Gayathri, Treasury and Forex Manager, Corporate Finance, Brakes India Ltd, speaking at the Business Line Club meeting at SASTRA University in Thanjavur on Saturday. Our Bureau Thanjavur, Oct. 14 “The robust international financial market and strongly emerging derivatives market in India are providing a healthy atmosphere for Indian businesses in a globalised market,” said, Ms S. Gayathri, Treasury & Forex Manager, Corporate Finance, Brakes India Ltd, here on Saturday. She was delivering a special lecture as part of the Speaker Series Programme at Shanmugha Arts Science Technology and Research Academy (SASTRA) University. She delivered two lectures on ‘The Significance of Derivatives in Risk Management’ and ‘Overview of International Financial Markets.’ The lectures were organised by The Hindu-Business Line Club of the School of Management, SASTRA University. The World Bank, Asian Development Bank, IMF, IFC, JICA as well as other corporate sources of finance have provided various avenues to access financial capital. Indian companies are heading to foreign stock markets and getting listed in NASDAQ, NYSE, etc. and have successfully attracted capital in the form of IPOs in foreign soil besides attracting investments from global venture capital firms. This shows the investors’ confidence in Indian companies. Ms Gayathri also underlined the importance of the emerging derivatives market in the country. She provided insightful information on the emergence of various derivative instruments like options, forwards, futures, swaps, etc. and explained in detail how such hedging mechanisms benefit companies involved in globalised businesses to minimise their foreign exchange, interest rate and other speculative risks. She also emphasised that in the current business environment where the rupee is strengthening against the US dollar, such hedging mechanism have saved large corporations from possible foreign exchange losses which would have had a direct impact on the profitability. She encouraged business schools to develop case studies on various hedging strategies implemented by leading companies like TCS, Infosys and other export oriented companies. The special lecture was presided over by Dr P. Vaijayanthi, Dean, School of Management, SASTRA University, who highlighted the need for such frequent interactions with industry resource persons to understand better the realities of the corporate world. More Stories on : Derivatives Markets | Events | Tamil Nadu
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