Foundations of Finance

This textbook teaches finance through five core principles—Cash flow is what matters, Time value of money, Risk requires a reward, Market prices are generally right, and Conflicts of interest can cause agency problems. These principles are introduced at the start and applied consistently to real-world problems. Each chapter opens with a business vignette to illustrate valuation in practice and includes features like mini?cases, cautionary tales, key term boxes, and ethics discussions. Enhanced with exercises, practical examples, and downloadable lecture videos, the edition is widely used in Indian undergraduate finance courses.