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D K Malhotra is a professor of finance, School of Business Administration, Philadelphia University, USA. He joined Philadelphia University in 1993. Before joining Philadelphia University, he was working on his Ph.D degree in finance at the University of Alabama from 1989 to 1993. Malhotra teaches courses in Derivative Securities, Fixed Income Securities, International Finance, and Investment and Portfolio Management at the undergraduate and graduate level. His research interests are interest rate swaps, currency swaps, credit derivatives, mutual funds, and application of neural network and neuro-fuzzy techniques in finance. Malhotra has published over 35 research articles in foreign journals. In addition, he has presented over 50 research papers at various academic conferences all over the world. Malhotra is currently serving on the editorial board of the Icfai Journal of Management Research (IJMR) and International Journal of Insurance and Risk Management. Malhotra’s biographical profile has been included in Who’s Who in America, Who’s Who in Finance and Industry, and Who’s Who in the East. Malhotra was also the recipient of 1999 President’s Award for Excellence in Teaching at Philadelphia University. He also received the School of Business Administration’s award for excellence in research for two consecutive years.

Niranjan Swain, a faculty member of ICFAI Business School, has done his Master of Commerce from Utkal University, Ph.D from Banaras Hindu University and Post Graduate Diploma in Finance from Management School, Lancaster University, UK. Dr. Swain has over ten years of research, teaching and professional training experience in reputed management institutes. In addition to his research publications in the area of business analysis and valuation, he has conducted various management development programs in the area of corporate finance and was actively involved in implementing total cost management program and streamlining the credit policy for a group of companies. His present concentration is in the areas of corporate finance and strategic cost management. He has offered consultancy services in the areas of corporate finance and cost management to various public and private organizations. He is the Consulting Editor of The ICFAI Journal of Applied Finance (IJAF), a refereed journal published by the ICFAI University Press.

Bijan Roy (b 1969) is an electrical engineer from Calcutta University (1991) and a Chartered Financial Analyst from ICFAI (2000). Currently he is pursuing Ph.D from ICFAI University. Before moving to academics he served companies like – L&T and SAIL. As an engineer, his area of specialization is process automation. He was trained for the same in Hoogovens, Ijmuiden, Netherlands. After a stint of 10 years in the engineering domain, he joined ICFAI as faculty member. Primarily, he is involved in distance learning arm of the university. He also teaches in ICFAI Business School and ICFAI Institute of Management Teachers. His area of interest is investments in general and market microstructure and risk management in particular.