Analysts say currency devaluation by Nigeria alone could cut the company’s projected EPS for the next financial year by about 5-6%.
Jet Airways has a debt of Rs 8,615 crore at the end of FY14 while SpiceJet’s debt at the end of September quarter stood at Rs 1,486 crore.
US tops list with 49% of poll respondents believing that world’s largest economy offers best opportunity, followed by India & China, each scoring 22%.
Indian companies borrowed nearly $21.9 billion through foreign bonds in 2014 compared with $26.9 billion in 2013, according to RBI data.
Low prices may induce countries which are largely dependent on oil revenues, to increase production to balance their internal budgets.
Shares of large companies that seem expensive to retail investors may not be so for big investors such as sovereign and pension funds.
According AMFI data, equity NFOs attracted Rs 1,229 crore in August, the highest since the Rs 1,590 crore collected in January 2010.
While the score has improved three percentage points to 54% in 2014 from 2012, India’s rank has remained seventh on the 11-nation list topped by Hong Kong.
It took concerted efforts to boost exports when the growth slowed down in the domestic market. As a result, its exports grew at a CAGR of 25.6% when domestic sales grew 17.6%.
Most of these firms earn anywhere between 20-80% of their total revenues in euros. Currently, Europe makes up for 20% of India’s exports and accounts for about 17% of total imports.
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