Private sector lender Axis Bank on Monday said its board has recommended the appointment of Shikha Sharma, currently chief of ICICI group's life insurance business, as its next managing director and CEO.
AMCs can invest $7 billion abroad, and $300 million per AMC, but investments are way below these levels. Most equity schemes can invest 35 per cent of their assets abroad and there are schemes that invest only in overseas equity. What's holding them back is that they are not very sure if they can buy these bonds.
According to a source close to the development, the investment advisory committee of the Insurance Regulatory and Development Authority has suggested far-reaching changes to make the investment norms more flexible, while adhering to the existing prudential investment guidelines.
Investors can sell their entire equity and move to debt when stocks get expensive
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
This critical illness policy is a good start, but more could have been done
The board of ICICI Bank, the country's second-largest lender, will take a final call on appointing a successor to K V Kamath, its present managing director and chief executive officer, next month.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The government and Reserve Bank of India are working on measures that include relaxing norms for Non-Performing Assets (sticky loans) and prudential lending to kick-start key infrastructure projects.
The Reserve Bank of India (RBI) on Wednesday relaxed the prudential norms for banks' exposure to derivative contracts by allowing the non-payment of dues on a contract made during the period between April 2007 and June 2008 to be classified in a separate account.
Domestic fund houses forge pacts with foreign peers to mop up $7 billion.
This is for the second time that Tata Steel is getting into a take-over battle. It acquired the Anglo-Dutch steel company Corus Group after beating rival suitor, CSN of Brazil, through auction.
Here's an analyses of 25 mutual funds that will create long-term value for you. In a 5 part series that began on September 29, here we present the fourth part of the mutual funds (that investors can buy for the long term) series.
Magical! When cricket meets cinema...
Sandeep Baweja, an attorney with the Baweja Law Group, with offices in Los Angeles, San Diego, and Orange County, has been elected to the Board of Trustees of the Irvine Public Schools Foundation.
ICICI Prudential Life Insurance has expanded its health insurance portfolio to cover over 1,000 surgical procedures and hospitalisation.
Rejects proposals by Bank of India, IndusInd, Kotak Mahindra and HDFC.
The Reserve Bank of India has told parliamentarians that it is concerned over the stock market exposure of various non-banking financial companies (NBFCs) promoted by leading banks in the country.
The deal structure is expected to be similar to the Infosys recent announcement of acquiring three global offshore centres from Philips along with getting an outsourcing deal.
Facing acute shortage of trained and expert professionals, corporate houses have adopted the strategy of tying-up with educational institutions to overcome the crunch of skilled professionals in the highly competitive market.
When Match Referee and former India wicket-keeper Farokh Engineer hands down his judgment on Monday on the Harbhajan Singh/S Sreesanth IPL fracas which unfolded in Mohali on Friday, he can go back 33 years to draw on personal experience.
With clients increasingly looking at cost optimisation by passing on the risks to the IT vendors and IT services players demanding longer tenure deals to hedge their risks, a mix of these two factors are giving rise to large deals coming up in the market with a lot of strings attached.
The transaction was to be completed by June.
It is understood in organisations across India that work will come to a near standstill during any India-Pakistan match. During the World Cup earlier this year, productivity dropped across ranks as employees trudged in half-asleep, having been up half the night watching matches. In contrast, Twenty-20 cricket eats up only three hours of productive time, compared to the usual 10.
Nilesh Shah aired his views on the sub-prime crises, after effects of the Budget and FIIs. He thinks Brazil is the best bet amongst upcoming markets due to its natural resources.
On the 25th anniversary of India's World Cup triumph, Madal Lal talks to Special Correspondent Bikash Mohapatra about that triumph, the inability of the Indian team to repeat the feat and other issues.
Three such funds have been launched recently, more are in the pipeline.
Market experts see interest in Indian equities given the strong economic growth, robust earnings and rising domestic consumption.
Prudential ICICI's managing director, Shikha Sharma, talks about how the journey has been so far and also why she thinks unit-linked insurance plans are the best allocators of long-term funds.
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
There cannot be value in every stock, whether large cap or otherwise. Thus buying a stock cheap does not always translate into value buying
Investors with moderate risk profile and investment horizon of over three years could look at investing in balanced funds.
India's mutual fund industry, led by market leaders Reliance Mutual Fund, ICICI Prudential and UTI MF, has witnessed a fall of over Rs 58,000 crore (Rs 580 billion) in its assets during March.Despite the fall, Reliance MF continued to be the most valued fund house in the country with Assets Under Management (AUM) of Rs 90,937.94 crore (Rs 909.37 billion) at the end of March.
A total of 25 companies raised Rs 28,220 crore during the financial year.
Even as Reserve Bank has charted a five-year road map to attain fuller float of rupee, noted economist and Nobel laureate Joseph Stiglitz on Thursday favoured a cautious approach to capital account convertibility.
In the third part of this five part series on top 25 mutual funds analysed by Value Research we produce the next best five mutual funds that investors can put their money in for the long term.
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
Some banks are camouflaging their lending to small, unknown real estate developers to skirt stringent capital adequacy and provisioning requirements.
Critical illness policies by life insurance companies provide a variety of combinations but have a complex fine print.
ICICI Bank was looking at valuing ICICI Holdings at $10 billion, sources said. Vishaka Muley, chief financial officer of the group, refused to comment on the development.
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