August 24, 2013 by apicomely
India’s large current account deficit — the broadest measure of trade — must be funded with foreign capital, and the country is seen as one of the most vulnerable among emerging market nations whose currencies are under pressure globally. India’s rupee recovered from historic lows against the dollar Friday, marking its biggest single-day gain in nearly a year, but analysts warned the currency’s overall trend was still bearish. The rupee, one of Asia’s worst performing currencies, bounced back 2.09 percent — its biggest one-day gain since September 2012 — to end trade at 63.20 Friday, up from its record closing low of 64.55 the previous day. The Indian unit, which had hit a new lifetime intraday low of 65.56 Thursday, was boosted Friday by comments by Chidambaram and the Reserve Bank of India.
Sand Hill Finance LLC Converts Remaining Balance of IceWEB, Inc. Convertible Debenture
About TMX Finance TMX Finance is one of the largest and fastest growing consumer finance companies in the United States. Our family of brands includes TitleMax, TitleBucks, EquityAuto Loan, Auto Cash, TMX Credit and InstaLoan. There are over 1,200 stores in 14 states and the company continues to grow. In fact, TMX Finance has doubled in size over the past 5 years and plans to maintain that rate of growth for the next several years. TMX Finance is growing rapidly and we are always looking for talented individuals to join our team, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance.
LONDON (CNNMoney) India’s finance minister is trying hard to restore calm to the country’s financial markets. India has had a rough few weeks, with the rupee falling to a historic low and equity markets tumbling by 11% as investors pull their money out of the country. In a press conference Friday, Finance Minister P. Chidambaram tried to restore confidence even as he acknowledged that the country was facing a challenging time.
India’s finance minister tries to stem panic
Convertible Debenture Conversion Price at 38% Premium to Current Market Price STERLING, Va.–( BUSINESS WIRE )– IceWEB, Inc. (OTCBB:IWEB), an award-winning Unified Data Storage appliance provider for cloud and virtual environments, as well as the highly secure, scalable IceBOXTM BYOD (Bring Your Own Device) Private Digital CloudSolution, announced today that Sand Hill Finance, LLC has converted the remaining principal balance of $1,642,739 due on its secured convertible debenture into 37,000,000 shares of the common stock of IceWEB, Inc. The conversion price was $0.0444 cents per share, a 38% premium to the recent share price of IceWEBs common stock. As a result of the conversion, based on 392,817,360 common shares of IceWEB, Inc.