Indian companies to be hit badly
The latest Satyam computer fraud involving millions of dollars loss to quite a few leading Foreign Financial investors is likely to put the entire Indian IT industry and also quite a few leading Indian companies across other categories in very bad light. Most of the Indian companies are likely to be seen with a suspicious scanner henceforth thus depriving of realistic valuations henceforth. This is likely to result in higher cost of funds for Indian companies, and quite a few of them might end up losing their ability to raise funds abroad.