|
|
| Himatsingka settles forex dispute with HDFC Bank |
|
| Himatsingka Seide, the Bangalore-based Rs 1,000-crore silk fabrics manufacturer and exporter, which had sued HDFC Bank over forex derivatives losses, has opted for an out-of-court settlement and
Read |
|
| Sundaram Pap to challenge HC order in derivatives case |
|
| Mumbai-based Sundaram Multi Pap today said that it will appeal against the Bombay High Court’s verdict asking the company to pay Rs 2.92 crore to ICICI Bank in a dispute over forex derivative
Read |
|
| A V Rajwade: The currency futures market |
|
| There will be more transparency, but will it lead to lower bank margins for small and medium industries?
The currency futures market started functioning about three weeks back and, hopefully, it will
Read |
|
| RBI not keen on credit derivatives |
|
| Absence of clear global norms keeps central bank off such products.
Concerned over the role of sophisticated credit derivatives in the global financial market turmoil, the Reserve Bank of India (RBI)
Read |
|
| Sebi looks into pleas for currency futures |
|
The Securities and Exchange Board of India (Sebi) today considered applications by the National Stock Exchange (NSE) and the Multi Commodity Exchange (MCX) for creating a platform for exchange traded currency futures.
Read |
|
| No credit derivatives for now: RBI |
|
The Reserve Bank of India (RBI) on Thursday decided to once again postpone introduction of credit derivatives.
Read |
|
| Forex derivatives loss at $3 bn: Fitch |
|
Fitch Ratings today said the total mark to market (MTM) losses of Indian companies on foreign exchange derivative transactions is estimated to be $ 3 billion to $ 3.5 billion.
Read |
|
| Falling rupee creates fresh loss on forex derivatives |
|
Corporate India is sitting on a fresh round of problems and losses on foreign exchange derivatives ' though on a lower scale than those on exotic products.
Read |
|
| Derivatives deals: Exporters accuse banks of Fema violation |
|
Exporters involved in legal disputes with several private sector banks over foreign exchange derivative deals are now accusing the latter of violating the Foreign Exchange Management Act guidelines.
Read |
|
| Himmatsingka sues HDFC Bank for derivatives loss |
|
Textile firm Himmatsingka has disclosed a mark-to-market (MTM) loss of Rs 175 crore (as on March 10, 2008) on a derivative deal with HDFC Bank, for which it has sued the bank.
Read |
|
| Kotak Bank sets aside Rs 86 cr for derivatives |
|
Fourth-quarter net profit rises 41% to Rs 240 crore on interest and fee-based income.
Read |
|
| Derivatives: Exporters reject ICICI help |
|
Exporters in Tirupur have rejected ICICI Bank's offer to help them recoup a part of the losses suffered by them on account of the exotic foreign exchange derivatives and option deals.
Read |
|
| Satyajit Das: Will the credit default swap market unravel? |
|
One estimate is that if a dealer with $2 trillion in CDS contracts defaults, this could lead to losses between $36-47bn for counterparties.
Read |
|
| 46 companies suffer forex losses of Rs 1,365cr |
|
Mark-to-market (MTM) losses of 46 companies on account of foreign exchange contracts, fluctuation in exchange rate and commodity hedging aggregated to Rs 1,365 crore so far, as per their results for the March 2008 quarter.
Read |
|
| Companies signed new deals to delay derivatives losses |
|
What do you do when you are faced with large mark-to-market (MTM) losses on your foreign exchange derivatives deals? You do something to delay the losses or cap the downside.
Read |
|
|
|
|
|
|
|
