Hsbc
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HSBC cuts India's GDP growth forecast to 4%
Sep 02, 2013, 01:21 PM ISTNew Delhi: HSBC has lowered India's GDP forecast for the current financial year to 4 per cent from 5.5 per cent earlier saying economic uncertainty is likely to weigh on the growth forecast in the
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HSBC downgrades Indian equities to neutral from overweight
Aug 23, 2013, 05:01 PM ISTNew Delhi: Global financial services major HSBC has downgraded Indian equities from "overweight" to "neutral" citing that the country would struggle to defend a falling currency and declining growth."We lower our weighting in India from
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India expanded at faster rate than China in June: HSBC
Jul 06, 2013, 11:27 AM ISTNew Delhi, July 6: India expanded at a faster rate than China during June, even as growth in emerging market economies during the month was the lowest since the global financial crisis in 2008/09, an
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India expands more than China, Russia, Brazil in May: HSBC
Jun 06, 2013, 04:56 PM ISTNew Delhi, June 6: Economic growth in emerging market economies remained sluggish in May, but India expanded at a better rate than the three BRIC peers China, Russia and Brazil, an HSBC survey said. During
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HSBC fears 'significant' penalty in NRI tax evasion probe
May 08, 2013, 02:34 PM ISTNew Delhi, May 8: Global banking major HSBC has said it may face "significant" penalties from the US authorities with regard to an ongoing probe into suspected tax evasion by the US-based clients of its
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India services sector see slowest growth in 18 months: HSBC
May 06, 2013, 02:02 PM ISTNew Delhi, May 6: India's services sector grew at its slowest pace in one and half years during the last month, as costs for raw materials, petrol and labour increased considerably, a survey said on
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India expanded at faster rate than China in Oct-Dec: HSBC
Jan 10, 2013, 02:39 PM ISTNew Delhi, Jan 10: An HSBC survey has said economic growth in emerging markets slightly improved in the October-December quarter and among BRIC nations, India expanded at a faster rate than China.The HSBC Emerging Markets
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HSBC denies hawala charges
Dec 26, 2012, 06:44 PM ISTLucknow, Dec 26: HSBC has dismissed allegations of running a "hawala" racket in India, saying it took "compliance with the law very seriously"."With a new senior global leadership team and a new strategy since last
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HSBC to pay $ 1.9 billion to settle money laundering probe in US
Dec 11, 2012, 10:44 AM ISTWashington, Dec 11: HSBC, the British banking giant, will pay $1.9 billion to settle a money-laundering probe by federal and state authorities in the United States, a law enforcement official said on Monday. The probe
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RBI may keep policy rate on hold; CRR cut possible: HSBC
Oct 22, 2012, 06:39 PM ISTNew Delhi, Oct 22: The Reserve Bank is likely to keep the key interest rate unchanged in its October 30 monetary policy because of inflationary pressures, but might go for another cut in CRR, says
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India expands more than China in July-Sept quarter: HSBC
Oct 10, 2012, 04:24 PM ISTNew Delhi, Oct 10: Economic growth in emerging market economies slowed in the July-September quarter on poor performance by the manufacturing sector, but India expanded more than China, an HSBC survey said.The HSBC Emerging Markets
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Citi, HSBC, Bank Of America Slashing Jobs In India
Jan 26, 2012, 01:55 PM ISTMumbai, Jan 26 : Global banks like Citigroup, HSBC, Bank of America Merrill Lynch and Barclays are slashing jobs in their Indian operations at the fastest pace since the 2008 credit crisis amid dwindling deal