'A successful investment banker is one who manages the three Es well —egos, emotions and expectations'

In investment banking, you either score a century or a duck

Starting with an M&A deal for MaFoi Consultants in May 2004, the list of ‘representative transactions’ in http://www.vedacorp.com/ shows the Landmark-Trent deal concluded last month, as the latest. Having closed transactions aggregating over $500 million in value across industries, Veda, a Chennai-based boutique investment bank, continues ‘to manage marquee transactions& #8217; in venture capital (VC), private equity (PE) and mergers and acquisitions (M&A) for emerging corporates and established groups in the manufacturing, technology, consumer products and services domains.
“We started as a boutique firm. Today, we are close to a 20 member team and no longer a boutique in the strict sense,” says Mr C. Venkat Subramanyam, Founder Director, Veda Corporate Advisors Pvt. Ltd, during a recent lunch-hour interaction in Business Line.

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'The challenges are in terms of raising funds at a reasonable cost and keeping the operations cost down'

How much does it cost to deliver and collect one rupee of microfinance?

The next big players in the economy, especially at the bottom of the pyramid, could well be the microfinance organisations. Reason: They provide the last-mile financial connectivity for people, and are equipped with the granular data about the beneficiaries.
“We are looking at launching a few additional products such as educational loan (seasonal) and loan for the purchase of gold,” says Mr P. N. Vasudevan, promoter and Managing Director, Equitas Micro Finance Company India (P) Ltd, Chennai, talking recently to Business Line, during a lunch-hour interaction, about his plans on the anvil.

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'The application of fair valuation principles in a consistent manner is easier said than done'

Currency derivatives: The happening scare in the accounting world

The next scary movie from Manoj Night Shyamalan is going to be The Happening, starring Mark Wahlberg as an ordinary school teacher on the run from a natural disaster of global proportions. But something scarier has been happening for sometime now in the corporate and financial circles, with ordinary accountants and bankers on the run from a disaster, again, of global proportions, but entirely manmade: currency derivatives.
“The recent trend of losses is definitely part of India Inc.’s learning curve on handling these kinds of instruments,” observes Mr Sai Venkateshwaran, Partner, Assurance, Grant Thornton, Mumbai.

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