Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
Three key instruments that can help you meet your financial goals, while also allowing you to enjoy tax deductions are ELSS, term cover and health cover.
Sensex ended up 41 points at 29,136 and Nifty gained 4 pts to 8,809.
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
Proper documentation can help take half the pain out of filing your income tax return, says Amar Pandit.
Salil Dhawan reveals the MFs that have not only performed well in the past but have a promising outlook for the future too.
Here's how Ganesh Pillai got his card back from the ATM machine.
In the 52 newly listed companies since 2014, fund managers have a total investment of a mere 2.5 per cent of their assets under management.
Infosys Technologies has announced the appointment of Deepak Satwalekar, managing director & CEO of HDFC- Standard Life Insurance, as the lead independent director in line with the company's commitment to good corporate governance practices.
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
Heavyweights such as Coal India, L&T and SBI ran up losses, taking cues from overseas markets.
Zee and its lenders had decided to enter into an agreement to not offload the pledged shares amid a sharp slide in the prices of the underlying securities during end-Janury. The terms give the lenders a greater say, upside benefit from the proposed strategic sale, more cover and personal guarantee.
If you plan to withdraw money from your corpus regularly to meet expenses, have a portfolio of stable instruments.
UBI says banking sector to perform well
PE firm True North's investment model is to take 51% stake in mid-sized companies and make them large, says Niraj Bhatt.
In an online chat with readers on August 10, Vidya Bala, Vidya Bala, head of mutual fund research at FundsIndia, answered their queries. For hose who missed the chat, here is the transcript.
The principles and lessons of Ramzan are not just applicable to Muslims, but contain the wisdom that can help one and all whether in life or with one's finances.
Corrective measures are already being taken by fund managers - overall allocation to the IT firm has been pruned by 120 basis points, from 4.43 per cent in March to 3.24 per cent in July
You can gift your sister a Women Special Credit Card, which is not only loaded with exciting rewards for women, but they are also your sister's first step towards a better credit management.
Add a term plan with a child mutual fund for best results.
Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium on risk exposure of their portfolio in the director's and officer's liability business.
Even after the split, UTI Mutual Fund continues to hold the largest market share of 14.47 per cent closely followed by ICICI Prudential, HDFC Standard Life and Templeton in the over Rs 1,00,000 crore (Rs 1,000 billion) industry.
Insurer has also made fresh investments since December 2015 quarter when RBI told banks to recognise bad loans
As you spruce up for Dussehra puja this year, we have a suggestion for you! How about looking at your finances in a whole new way?
The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
The Jan Dhan scheme restricts the scope of life insurance cover to bring down burden on the exchequer.
'The ability to tailor schemes to market conditions and invest in unlisted equity and real estate, as well as commodities, makes Alternative Investment Funds a sought after platform.'
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
Apart from special services from banks for their wealth management needs, HNIs are now getting offers from insurance companies, too.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
Investors across age groups and risk appetite can invest in these schemes.
