Retirement

How to protect your retirement corpus from inflation? Points to remember

Annual reviews and adjustments can help maintain an optimal inflation-resistant asset allocation

'I realise it's time to recalibrate…,' Vikrant Massey announces retirement

Vikrant Massey shocked his fans as the '12th fail' actor shared a post on Instagram announcing his retirement from the film industry at the age of 37

Promotion effective only after assuming duty, not from date of vacancy: SC

The Supreme Court on Wednesday underlined that promotion only becomes effective upon assumption of duties and not from the date of the vacancy or recommendation. A bench of Justices P S Narasimha and Sandeep Mehta said it was a well-settled principle that promotion became effective from the date it was granted and not the date of the vacancy or creation of the post. "While the courts have recognised the right to be considered for promotion as not only a statutory right but also a fundamental right, there is no fundamental right to promotion itself," the bench said. The apex court delivered its verdict on an appeal filed by the West Bengal government and others challenging a February 2023 judgement of the Calcutta High Court. The high court upheld an order of the West Bengal Administrative Tribunal which directed that a man, though not entitled to retrospective promotion after his superannuation, should be awarded notional financial benefits for the promotional post of chief scienti

Retirement funds or equity funds: Which is better for you?

A retirement fund is suitable for long-term goals such as saving for retirement. However, if you are targeting growth and comfortable with higher risk, then you can invest in equity funds

Rafael Nadal announces retirement from professional tennis at end of season

The winner of a staggering 22 Grand Slams will be making his final appearance at the Davis Cup in Malaga next month

Rafael Nadal announces retirement from tennis | Rafa

Rafael Nadal announces retirement from tennis, posts video on social media

Nadal has been struggling with multiple injuries lately and has faced numerous delays and frustration in getting ready for tournaments.

China to raise retirement age as pension pressure mounts on economy

This decision comes as China's pension system, the world's largest with 1.05 billion contributors and beneficiaries, faces significant stress from demographic change

Didn't pay salary to Sebi chief Buch after retirement: ICICI Bank clarifies

The clarification came after the country's opposition party alleged that Buch continued to draw a salary from the bank

Dhawan retirement: Looking at Gabbar's journey of becoming white-ball great

In a career that spanned over 14 years, the calmness that Dhawan exuded on and off the field was one characteristic that set him apart from the other stalwarts of Indian cricket

NMC asks to adopt pay scale, retirement code of Delhi Aiims in all medicos

A task force of the National Medical Council (NMC) has proposed that the pay scale structure and retirement policy of AIIMS, Delhi be adopted for all medicos to ensure equity and promote job satisfaction. In its report, the 'National Task Force on Mental Health and Well-being of Medical Students' of the NMC, cited the UGC and AICTE pay scales, calling for standardisation of its policies. "...interns, post-graduate students, senior residents, super-specialty students, and medical teachers should be compensated according to the AIIMS, New Delhi pay scale across all medical colleges, regardless of whether they are private, public, state, central, deemed university, or any other type of institution," the task force said. Private practice for medical teachers should be prohibited to ensure the highest quality of medical education, the report added. "Standardising pay scales, retirement and rotational headship policies across institutions ensures equity and attracts high-quality faculty.

Air India unveils voluntary retirement, separation schemes before merger

The Tata Group-owned airline introduced voluntary retirement scheme for employees with at least five years of service, and voluntary separation scheme for those with less than five years of service

Yes, you can save too much for retirement: Here's what you must know

While everyone feels as though they haven't saved enough, 77% of retirees say they are "living comfortably"

Ageas Federal launches 'Golden Years Pension Plan' for secure retirement

The fund based on market outlook, aims for steady returns through active management, diversification, and a blend of growth and value investing

Protect market gains, book your profit: Top personal finance stories

Also this week, we write about why Indians love Frontier food

After consecutive defeats, footballer Bhaichung Bhutia quits politics

Indian football icon Bhaichung Bhutia on Tuesday announced that he was quitting politics, following his defeat in the recently held assembly elections in Sikkim. Bhaichung, the vice president of the Sikkim Democratic Front (SDF), lost to SKM's Rikshal Dorjee Bhutia in the Barfung seat, which marked his sixth electoral defeat. He joined politics in 2014 when the ruling TMC in West Bengal named him as its candidate for the Darjeeling Lok Sabha seat. In 2018, he took the plunge into the political arena of his state by forming the Hamro Sikkim Party. Last year, he merged his party with the Pawan Chamling-led SDF. "Firstly, I would like to congratulate Mr PS Tamang and the Sikkim Krantikari Morcha (SKM) for winning the assembly elections. The people of Sikkim have given them a resounding mandate and I hope the SKM govt will work to fulfil their promises and take Sikkim to greater heights across all sectors," he said in a statement. "After the 2024 election results, I have had the ...

MS Dhoni to undergo muscle tear surgery, retirement decision after recovery

Veteran cricketer Mahendra Singh Dhoni will visit London for a muscle tear surgery. It will take him five to six months to recover completely; the retirement decision will be taken thereafter

Succession plans at JPMorgan Chase well on the way: CEO Jamie Dimon

Earlier this year - about halfway through Dimon's five-year retention package - the 68-year-old CEO moved some of his top lieutenants into new senior roles

Bandhan Bank CEO Chandra Shekhar Ghosh to step down after tenure

'I started with my own savings, contributions from some relatives and borrowings from moneylenders. Once the model was proven, financial institutions came forward to lend and support.'

Planning your retirement? PGIM India Mutual Fund launches a new fund

The fund invests in a mix of assets, including stocks, bonds, and real estate investment trusts (REITs).