Thomson Reuters | Friday October 9, 2015
Standard Chartered's new Chief Executive Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs, according to a memo sent to staff, a move likely to result in the loss of around 1,000 top jobs.
Press Trust of India | Sunday September 20, 2015
Lower commodity prices are unlikely to narrow India's current account deficit, Standard Chartered has said, while revising its current account deficit forecast for the fiscal year to 1.5 per cent from 1.1 per cent of GDP earlier.
Press Trust of India | Tuesday September 8, 2015
According to the global financial services major, the FY16 fiscal deficit target of 3.9 per cent of the GDP is likely to come under pressure on sluggish direct tax collection, likely shortfall in disinvestment proceeds and the recent adoption of a new pension scheme for the armed forces.
Press Trust of India | Sunday September 6, 2015
The world's largest spirits maker, Diageo, which acquired control of United Spirits (USL) in 2012, had issued a guarantee to Standard Chartered Bank for a $135 million (around Rs 900 crore) loan to Watson to release certain USL shares that were to be acquired as part of the deal.
Press Trust of India | Tuesday September 1, 2015
The economics research department of State Bank of India said the dip in growth raises doubts over attaining the fiscal deficit target of 3.9 per cent and the government may have to either cut the spending or increase revenue by Rs 21,192 crore to avoid the target from slipping.
Press Trust of India | Friday August 21, 2015
According to the global financial services major, an investment recovery seems to have begun as investment remained on an upward trend in the first quarter of this fiscal year.
Thomson Reuters | Monday August 10, 2015
Environmental groups have been campaigning against the mine, being developed in Queensland by Indian conglomerate Adani Mining.
Press Trust of India | Thursday August 6, 2015
British lender Standard Chartered has reported a pre-tax loss of $276 million for the January-June period as against a profit of $395 million a year ago due to a spike in bad assets, which has also dented its profits globally.
Thomson Reuters | Wednesday August 5, 2015
Standard Chartered has cut 4,000 staff since the start of the year as part of its plan to streamline operations and cut costs, and said there could be further cuts.
Thomson Reuters | Monday July 20, 2015
Under a new management structure to be phased in from October 1, the heads of major business units will report directly to Mr Winters rather than his deputy, Mike Rees, StanChart said on Sunday.
Friday June 26, 2015
The Competition Commission of India (CCI) has rejected allegations of unfair business practices made against Standard Chartered Bank with respect to credit cards and loan facilities offered by it.
Wednesday June 24, 2015
Mahindra Lifespace Developers shares rose over 9 per cent on Wednesday tracking the developer's foray in Bengaluru residential market.
Monday June 15, 2015
Barclays Bank PLC, Standard Chartered Bank and SBICAPS (Singapore) Limited are arrangers for the issue.
Thomson Reuters | Wednesday June 10, 2015
Addressing concerns about the bank's capital strength is Winters' top priority, and some investors and analysts have said he needs to raise at least $5 billion from a rights issue and cut the dividend.
Monday June 1, 2015
Improved policy clarity, higher public investment, lower interest rates, stronger global demand and improved domestic business confidence should boost growth in investment to 7.2 per cent from 4.6 per cent in FY15.
Wednesday May 13, 2015
Samiran Chakraborty, chief economist with Standard Chartered, told NDTV that the RBI may go ahead and cut interest rates in June which would likely result in banks cutting the lending rates for consumers.
Saturday May 9, 2015
Global giant Standard Chartered Bank has been allowed by the Securities and Exchange Board of India (Sebi) to offer advisory services on regulated offshore products like stocks, bonds and mutual funds in markets outside India.
Friday May 1, 2015
The largest private player ICICI Pru Life's premium income surged 42 per cent to Rs 5,333.30 crore in 2014-15 from Rs 3,761.32 crore a year ago. But the number of policies the company sold fell 18 per cent to 6,39,137 in the year from 7,78,911 in FY14.
Thomson Reuters | Wednesday April 29, 2015
The dollar wallowed near a two-month low against a basket of major currencies on Wednesday as the market hedged the risk that the Federal Reserve might adopt a more dovish tone in statements following the two-day policy review.
Sunday April 26, 2015
The assessment is based on slump in exports, factoring in expectations of a US Fed rate hike by markets and seasonal issues.
Sunday April 5, 2015
India's real growth remains "very elusive" and markets have "resigned" to a slower recovery while foreign investors are still optimistic for want of alternatives, British major Standard Chartered has said.
Thomson Reuters | Wednesday April 1, 2015
Mr Shankar has resigned as chief executive of Europe, Middle East, Africa and Americas, and will now look at setting up a private equity firm, Standard Chartered said on Wednesday.
Press Trust of India | Wednesday March 11, 2015
The current account deficit (CAD) doubled to $8.2 billion or 1.6 per cent of the GDP during December quarter on year-on year basis.
Thomson Reuters | Wednesday March 4, 2015
Standard Chartered ruled out plans to raise capital on Wednesday despite reporting a 25 per cent slide in annual pre-tax profits on the back of soaring bad loans.