The second edition of Financial Management is a comprehensive textbook specially designed to meet the requirements of Management students specializing in finance. It deals with the core concepts of finance with an emphasis on specialized sub-areas, such as working capital, capital markets, investment decisions, International finance, derivatives, mergers and acquisitions, and risk Management. Apart from providing a Basic understanding of the concepts in finance, the book covers extensively the newer Financial instruments, such as futures, options, and swaps. With its detailed coverage of foreign exchange markets and related concepts, it will enhance the readers' understanding of a rapidly globalizing world. Each chapter starts with an introductory case to sensitize the readers with the theme of the chapter and closes with case studies of well-known Indian companies to exemplify the concepts and issues discussed in the chapter. To facilitate the understanding of complex concepts in finance, the text in each chapter is interspersed with suitable examples, exhibits, and illustrations. The authors have tried to present the technical concepts of finance in a simple and succinct manner, yet keeping the inherent technicalities intact. Users will find this book highly useful for its application of theoretical concepts explained through illustrative examples, relevant cases, and numerical problems.