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  Gold edges up on improved demand amid overseas support

  November 22, 2014 16:39 IST

  Mumbai: Gold prices gained marginally after sliding over the last two sessions at the domestic bullion market today due to renewed offtake by jewellery stockists and traders to meet seasonal demand.Elsewhere, silver also recovered sharply

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  Govt to have relook at tax treaties to unearth black money: FM

  India | November 22, 2014 16:09 IST

  New Delhi: Faced with the daunting task of getting back black money stashed abroad, government today said it was having a relook at some of the bilateral tax treaties signed with foreign countries that may

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  India less vulnerable to global shocks than before: HSBC

  November 21, 2014 17:09 IST

  New Delhi: India, which witnessed substantial financial volatility last year over talk of the US Fed's plan to taper its bond-buying programme to boost the American economy, has improved is external balance position and is

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  Less than half of HSBC list accounts have no money: SIT report

  India | November 06, 2014 17:26 IST

  New Delhi: The Special Investigation Team (SIT) on blackmoney has found that less than half of the HSBC bank list of over 600 accounts did not have any money while more than hundred names were

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  HSBC sets aside $378 million for fine over forex scandal

  November 04, 2014 9:40 IST

  London: HSBC bank yesterday set aside USD 378 million for a potential fine in Britain to settle allegations of foreign exchange market rigging, as it posted mixed third-quarter earnings.The Asia-focused lender said in a results

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  Black Money: Swiss agree to help with time-bound info

  India | October 15, 2014 23:54 IST

  Berne/New Delhi: In a major breakthrough in India's fight against black money allegedly stashed abroad, Switzerland today said it will examine Indian requests for banking information on a priority basis and provide requested details in

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  HSBC sees several positives for market; overweight on India

  October 06, 2014 17:10 IST

  New Delhi: Global brokerage HSBC today said it is “overweight” on India and the government's reform momentum is likely to drive positive news flow for the market that would help in sustaining the current market

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  Citi, HSBC, UBS among 5 bankers to manage ONGC share sale

  August 26, 2014 19:56 IST

  New Delhi: Moving ahead with the 5% disinvestment in ONGC, which may fetch the exchequer over Rs 17,000 crore, the Finance Ministry has appointed 5 merchant bankers including Citigroup and HSBC Securities for managing the

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  Narayana Murthy's post-retirement plans

  August 25, 2014 15:33 IST

  Bangalore: Grandchildren and books will take up most of NR Narayana Murthy's time after he retires for the second time from the company he co-founded with six friends over three decades ago. Murthy will take over

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  India steps up pressure on Switzerland to share bank info

  India | May 02, 2014 12:55 IST

  New Delhi: India has strongly objected to Switzerland's denial of information about account details of certain Indians at HSBC's Swiss bank branches, in whose cases “incriminating evidence of tax evasion” have been found here.In a

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  Doha Bank to purchase HSBC Bank Oman business in India

  April 19, 2014 19:29 IST

  Dubai: Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter's banking business in India.HSBC Bank Oman is an indirect 51 percent owned subsidiary of HSBC Holdings plc.Chairman of

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  RBI may raise policy rates on El Nino, inflation spike: HSBC

  April 18, 2014 16:08 IST

  New Delhi: Foreign brokerage HSBC on Thursday said the uptick in retail inflation in March, coupled with fears of the El Nino factor spoiling the monsoons this year, may result in some hike in policy

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  Rate cut not enough, need enabling environment for growth: HSBC

  March 23, 2014 23:59 IST

  New Delhi: To spur investments, the country also needs an “enabling environment” besides reduction in interest rates, HSBC Country Head Naina Lal Kidwai has said. “Interest rates are not the only reason why investment is not

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  Service sector output drops in December for 6th month: HSBC

  January 06, 2014 15:57 IST

  New Delhi: India's services sector contracted further in December amid a decline in incoming new orders in tough economic conditions, an HSBC survey said Monday.The HSBC/Markit Purchasing Managers Index for the services industry fell to

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  RBI likely to raise repo rate by 0.25 per cent to tame inflation

  December 17, 2013 22:18 IST

  New Delhi: With food prices showing no signs of abatement, the Reserve Bank is likely to hike its key policy rate by 0.25 percent Wednesday, the third straight increase under Governor Raghuram Rajan as part

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  HSBC sees fiscal deficit breaching 5% mark in FY14

  December 09, 2013 22:26 IST

  Mumbai: Foreign lender HSBC today said the Government's fiscal deficit target of 4.8 per cent for FY14 is likely to be breached as the revenue growth has slowed, while expenditure has gone up in the

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  HSBC evasive on going wholly-owned subsidiary way

  November 17, 2013 17:47 IST

  Mumbai: HSBC India has sounded evasive about converting itself into a locally incorporated entity, saying that changing the holding structure will not have a bearing on its broader strategy of doing business in the country.

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  HSBC lowers India's CAD forecast for FY'14 to 3.4%

  October 25, 2013 13:23 IST

  New Delhi: Global financial services major HSBC has lowered India's current account deficit (CAD) forecast for this financial year to 3.4 per cent of GDP from 4.1 per cent earlier.HSBC said the country's CAD is

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  HSBC shuts brokerage arm in India; around 300 lose jobs

  October 17, 2013 19:40 IST

  MUMBAI: British financial giant HSBC today said it will be shutting its struggling retail brokerage and depository business in the country, five years after it entered the segment by pumping in over $290 million.Nearly 300

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  Further risks to rupee remain; year-end target 65/USD: HSBC

  September 15, 2013 12:21 IST

  New Delhi:  The rupee faces further risks, even after recovering some lost ground, and may hover around 65 against the dollar by the end of this year, HSBC said.Risks such as “further equity outflows, higher