Finance Avenue

Britain’s largest insurer the Prudential, appointed Tidjane Thiam, who is currently the Chief Finance Officer of Prudential as its new Chief Executive Officer replacing Mr. Mark Tucker who has been the CEO of Prudential for the last 4 years now, the period during which Prudential expanded into faster - growing Asian markets.
Prudential plc. has [...]

We all know the recession has bought about a considerable amount of salary cuts in the past few months in many firms and financial institutions but the new development seems to have affected the pension schemes at various companies. It has been reported that ‘Nine out of ten’ gold – plated pension schemes are facing [...]

The global recession has taken its toll on the employment figure in UK, as every company is viewing job cuts as an easy cost cutting option, unemployment is soaring and according to recent reports unemployment has reached a staggering stage and reportedly there are about 10 job seekers for every vacancy registered in the UK. [...]

The global recession has not spared anyone, just recently department stores and supermarket group giants John Lewis recorded one of its worst loses of 26.4 percent drop in full year profits, and it seems that the future is going to be tough through 2009. Also the annual bonus that was paid to the 70,000 odd [...]

As there is a continuous fall in prices of oil (from a high of around $150 per barrel in 2008 to around $40) and with the economic downturn analysts are expecting a further decline in the demand for oil, OPEC (Organization of Petroleum Exporting Countries) is having a tough time deciding on whether to cut [...]

The financial sector has borne the brunt of the recession and profits seems to be the thing of the past, at least for sometime now and very few banks have managed to get any positives in their annual budget. But one bank seems to have gone against the wind and we are talking about an [...]

The global recession has drained out the reserves of almost every corporate giant in the world and on all the occasions it was the government aid that came to the rescue and also prevented some companies to the extent, of saving them from being bankrupt and shutting down business and also help the companies to [...]

The Bombay Stock Exchange’s Sensitive Index fell to its lowest in more than three years. Tata Consultancy Services (TCS) led declines among software makers as the US economy contracted at the fastest pace in more than 25 years.
The broader 50-share Nifty of the National Stock Exchange also tumbled by 81.85 points or 3.11 per cent [...]

It seems strange, talking about two brother companies that decided to turn a deaf ear to each other, and took the whole world by surprise when they split immediately after their legendary father Dhirubhai Ambani’s demise. If not for anything else, they were united towards their mother, but even she could not trigger that air [...]

Advertising is a diverse field. The more the said the better. People don’t invest in here because they think they can do something, they invest in here because they know that they can definitely do something. That’s advertising for you. The media always vary, and it keeps changing directions simply because one becomes more profitable [...]