Axis Bank Rises After CEO Shikha Sharma To Cuts tenure To Seven Months

Axis Bank Rises After CEO Shikha Sharma To Cuts tenure To Seven Months 

Shares of the country’s third largest private lender rose as much as 3 percent to Rs 534.85 after its managing director and CEO Shikha Sharma wanted her new term to be reduced to seven months from three-year tenure that has been approved by the bank’s board.                                  

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Axis Bank’s Shikha Sharma Wants New Term Cut Short

Axis Bank Stock

Gold Silver Reports (GSR) – Axis Bank’s Shikha Sharma Wants New Term Cut Short – Sharma has asked the board to reconsider the term of her reappointment, a statement to the exchanges said. The bank’s board has accepted her request, subject to the approval of the RBI, the statement added.    

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Trump Hints at Deal on Chinese Trade as Xi Readies Response

China to shut its consulate in Houston within 72 hours

Gold Silver Reports – Trump Hints at Deal on Chinese Trade as Xi Readies Response — Trump said his administration will “probably” come to an agreement with China to resolve a dispute that has roiled financial markets and raised fears of a major economic conflict between the nations. The U.S. is considering tariffs on as much as $150 billion worth of Chinese imports, while China has vowed to respond with levies of its own on everything from U.S. soybeans to planes.

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