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
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
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
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
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
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
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
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
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
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
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
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
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