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FCCB FRAUD
Subex sets eyes on IoT security business, says it is on growth pathWhen Kumar took over as CEO in April, his primary mandate was to break out of the $50 million revenue mark that Subex has been boxed-in for...- Global IT companies PCCW, WeDo eye Subex buyoutSubex, which has gone through a meteoric rise followed by a fall under its founder and former chairman Subash Menon, has once again caught ...
- Shareholder activist Anil Singhvi sees Subex revival by JuneIndependent directors steering the come-back of a failing public listed company makes Subex worth at least a story, right now.
- Law graduates favour litigation practices over high-paying corporate jobsLitigation bars in the country witnessed considerable interest from law graduates in the first half of 2012 as rise in number of litigation...
- FCCBs weigh on Subex as new orders raise hopesSubex has FCCBs worth $95 million due in March 2012. This and other FCCBs that will mature later amount to a total $131 million.
- Subex stock performance hinges on debt recastBangalore-based Subex is expected to boost overall operating margins for the current fiscal, after selling its unprofitable division.
- India Inc's creditworthiness on test: Investors fear disputes as FCCB maturity loomsShares of many companies are trading at a fraction of the price at which Foreign Currency Convertible Bonds are to be converted into shares.
- 3 Degrees Asset Management Hedge Fund alleges FCCB fraud by Tamil Nadu-based Karur KCP PackagingsIf the stock market continues to languish, there could be more such feuds in future with about $7 billion FCCBs maturing this year.
- ED probes India connection to UBS fraudIn February this year, an online news service had flashed a report saying, ,UBS suspends four private bankers for unauthorised activities'.
- Indian bank arms left with Lehman 'toxic'Overseas investors, including foreign arms of a few Indian banks, had indirectly invested in Indian companies through credit linked notes (...
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