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  HSBC cuts India's GDP growth forecast to 4%

  September 02, 2013 13:21 IST

  New 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

  August 23, 2013 17:01 IST

  New 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

  July 06, 2013 11:27 IST

  New 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

  June 06, 2013 16:56 IST

  New 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 14:34 IST

  New 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 14:02 IST

  New 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

  January 10, 2013 14:39 IST

  New 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

  December 26, 2012 18:44 IST

  Lucknow, 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

  December 11, 2012 10:44 IST

  Washington, 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

  October 22, 2012 18:39 IST

  New 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

  October 10, 2012 16:24 IST

  New 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

  January 26, 2012 13:55 IST

  Mumbai, 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