Finance Avenue

After going through scams after scams the newly appointed Satyam board, consisting of HDFC chairman Mr. Parekh, Nasscom head Kiran Karnik, and others are trying to get the company on track by making all efforts to bring an able, honest and experienced man –manager. They are in search of a new CEO (Chief Executive Officer) [...]

Satyam trouble is over. Seriously. On Wednesday, January 7, 2009, a startling revelation by Mr. Ramalinga Raju, chairman, Satyam Ltd, took the India Inc by storm. in fax stated to the board of directors, Mr. Raju confessed to have grossly misappropriated the company funds to the extent of Rs 7136 crores (approximately).its share prices slashed [...]

Toronto based telecom equipment manufacturer, Nortel Network Corps is the latest in the line of companies to face the recession crunch as it filed for Chapter 11 bankruptcy protection in Wilmington. All this a day before it was due to pay almost $1 billion interest debt on bonds. The debt amount goes up to $11 [...]

Vibrant Gujarat vibrated with mirth, joy & hope over the astounding success of 4th biennial Vibrant Gujarat Global Investors’ Summit, held on 13th & 14th January in the state’s financial hub, Ahemdabad. The two days saw investments pouring in to the tune of Rs $22,000 crore from all the major and medium scale companies of [...]

Recession, Global melt down and failed Pride. This lethal combination took the life of one of the billionaires from Forbes list of 100 richest people of the world. This German billionaire, Adolf Merckle, got stuck by a train, and breathed his last. His dead body was found in the early hours at the railway track [...]

Back in 1930s, at the time of the Great Depression, J.M. Keynes opined that “the economy had no self-correcting mechanism that would end a slump that the economy like a sinking ship could founder and leave society destitute indefinitely.
The Keynesian Prescription was for government to step in where dispirited businesses would not and spend borrowed [...]

With Citigroup and Morgan Stanley almost set to merge, can we safely conclude that at last the US banking industry would revolve around a few big players who in turn are very much dependent for their funding upon the government??

Let’s look into the salient features of the mergers and examine the forces which make it [...]

In wake of the recent happenings in major companies like Satyam in India, financial literacy is the need of the hour. Financial markets offer a variety of choices in terms of products. However, to be able to choose the right product there needs some amount of financial understanding by the investor, known as ‘Financial Literacy’. [...]

Every one plans to own a dream house some. Put the way the prices of houses has reached the sky owning house is something you can only do in your dreams. Considering you still are able to turn your dream into ‘realty’, consider this it takes weeks or even months to buy or sell a [...]

A country marred by terrorism, corrupt governance, and inept leaders has no where to go. What seems to be a classic case of economic meltdown may not necessarily be actually that. For years Pakistan has maintained a stone like silence to numerous questions asked by the people world over. Today Pakistan has no other route [...]