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Punjab National Bank launches up to $777 million share sale
Tue, Dec 12, 2017
India`s state-run banks are raising funds as part of a recapitalisation plan in which New Delhi will inject 1.35 trillion rupees through recapitalisation bonds.
Citi, Deutsche Bank, HSBC agree to pay $132 million to settle Libor claims
Fri, Oct 13, 2017
Govt looks to raise up to Rs 11,370 crore from state-run reinsurer GIC Re's IPO
Wed, Oct 04, 2017
State-run reinsurer General Insurance Corp of India`s (GIC Re) initial public offering of shares next week seeks to raise as much 113.7 billion rupees ($1.7 billion) in what will be India`s second-biggest IPO.
HSBC sees India's economic growth unchanged at 7.1% in FY18 on lower investments
Thu, Jun 08, 2017
India's growth is likely to remain unchanged at 7.1% this fiscal, as investments are low and government spending may not remain high given the fiscal consolidation path the country is treading, says a report.
India GDP growth to remain flat at 7.1% in FY18: HSBC
Sun, Jun 04, 2017
India's economic growth is expected to remain flat at 7.1 % in current fiscal as investment is still weak and government spending might not be as high given the fiscal consolidation, says an HSBC report.
26 companies want to collaborate with India Post Payments Bank
Mon, Mar 27, 2017
They can accept demand deposits only that is savings and current accounts and will initially be restricted to holding a maximum balance of Rs 100,000 per individual customer.
HSBC plans to add about 1,000 new employees to China unit in 2017, mostly in Pearl River Delta
Fri, Mar 24, 2017
HSBC has plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm in 2017 with most of them in the Pearl River Delta.
IIM Calcutta 2017 batch registers 100% placement in 3 days; Finance sector leads the offers made at 29%
Fri, Mar 03, 2017
IIM Calcutta's Post Graduate Diploma in Management program students of 2017 batch have registered 100% placement within three days with the highest international package amounting to 90,000 euros (Rs 63 lakh) per annum.
HSBC reveals ongoing tax evasion probe in India, US, France, others
Mon, Feb 27, 2017
HSBC bank in its recently released annual report has revealed tax evasion probe carrried against the bank, HSBC Swiss Private Bank and other HSBC companies in US, France, Belgium, Argentina and India.
HSBC discloses tax evasion probes in India, other countries
Sun, Feb 26, 2017
Disclosing the "tax-related investigations" in its latest annual report published last week, HSBC further said it has set aside $773 million (over Rs 5,000 crore) as a provision for various tax- and money laundering-related matters.
HSBC's India headcount rises by 4,000 despite global drop
Sun, Feb 26, 2017
"Our main centres of employment were the UK with approximately 45,000 employees, India 37,000, Hong Kong 29,000, mainland China 24,000, Mexico 16,000, the US 13,000 and France 9,000," HSBC has said in its latest annual report.
HSBC, UBS stop issuing P-Notes as India steps up clampdown
Sun, Feb 19, 2017
Sebi has shared with the government for further action a list of foreign fund houses that are found to have issued the Offshore Derivative Instruments (ODIs), popularly known as Participatory Notes (P-Notes), to Indian nationals, while probe is on in several other suspected cases of NRIs/PIOs.
Reckitt Benckiser to buy Mead Johnson Nutrition for $16.6 billion
Fri, Feb 10, 2017
Reckitt Benckiser has agreed to buy US baby formula maker Mead Johnson Nutrition for $16.6 billion which will help the company to increase its presence in developing markets
India's GDP growth likely at 7.1% in 2017-18: HSBC
Thu, Feb 02, 2017
On the Reserve Bank's monetary policy stance, the report said the room for a rate cut is "dwindling".
Goldman Sachs to move 1,000 staff from London to Frankfurt due to Brexit: Report
Thu, Jan 19, 2017
US bank Goldman Sachs will move 1,000 staff from London to Frankfurt as part of a post-Brexit reorganisation that will reduce its city headcount by half, German business daily Handelsblatt reported on Thursday.
RBI may cut repo rate by 25 basis points in February: HSBC report
Fri, Jan 13, 2017
With uncertanity over implementation of GST, rising crude oil prices and the challenging 4% CPI in medium term, Reserve Bank of India (RBI) may cut repo rate for the final time by a 25 basis points (bps) in the February policy, says a report.
India to see lower GDP growth for two quarters on cash crunch: HSBC
Thu, Jan 12, 2017
India's GDP growth numbers are expected to see a decline of 2% in the third and fourth quarters of the current fiscal, as effective currency in circulation has contracted significantly, says an HSBC report.
Fino Paytech raises Rs 149 crore from ICICI Bank's insurance arms
Wed, Jan 11, 2017
Payments bank licensee Fino Paytech on Wednesday said it has raised Rs 149 crore from ICICI Lombard and ICICI Prudential, clearing the decks for it to seek Reserve Bank of India's (RBI) final nod as it becomes a majority domestic investors-owned entity.
HSBC sees Sensex at 30,500 by end of 2017 on government reforms
Wed, Jan 11, 2017
Global financial services major HSBC has set an optimistic benchmark BSE Sensex target at 30,500 for December-end, 2017 saying that structural reforms like demonetisation and GST will boost growth in the long run.
HSBC pegs India's GDP growth at 6.3% in 2016-17 on note ban pains
Mon, Jan 09, 2017
Foreign brokerage HSBC on Monday projected sharply lower growth numbers for the year at 6.3%, way lower than the official CSO estimate of 7.1% for 2016-17.