Monday September 22, 2014
Standard Chartered downgraded the stock to "in-line" from "outperform", saying interactions with management and channel partners suggest "demand recovery will be gradual and not as sharp as street expectations."
Sunday August 24, 2014
According to the global financial services major, the India-ASEAN trade corridor, currently worth around $80 billion, has been growing fast at a compound annual growth rate of 23 per cent over the past decade.
Friday August 22, 2014
According to a report by Standard Chartered Bank, Hyundai plans to source engines for its global operations from India, Ford plans to make India its manufacturing hub for engines for the Asia-Pacific region and Africa, and Volkswagen plans to increas...
Wednesday August 20, 2014
The civil settlement announced on Tuesday by Benjamin Lawsky, the New York State financial services superintendent, came two years after Standard Chartered agreed to pay $667 million to a variety of US regulators to resolve similar charges, including...
Tuesday August 12, 2014
Because Standard Chartered clears about two million US dollar transactions each month, the process of poring through the data will be "a huge piece of work" that could take months, said one of the sources. Both sources spoke on condition of anonymity...
Monday August 11, 2014
India's GDP growth rate in the first quarter of this fiscal year is likely to be around 6 per cent -- the strongest pace of growth in last nine quarters, Standard Chartered has said.
Wednesday August 6, 2014
The bank, which is listed on the Indian bourses through Indian Depository Receipts, had registered an operating profit of $439 million for the corresponding January-June period last year.
Thursday July 31, 2014
Tata Consultancy Services (TCS), India's largest software services firm, on Wednesday said it has been appointed as the official IT consultancy partner of the Standard Chartered Singapore Marathon 2014 (SCMS).
Friday July 25, 2014
Reliance Communications submarine cable arm Global Cloud Xchange on Friday announced that it has raised about Rs 2,100 crore ($350 million) through a debt bond from overseas market mainly to refinance debt.
Thursday July 24, 2014
"We take our board succession extremely seriously and discuss this topic with our shareholders on a regular basis," the Standard Chartered statement said. "We will ensure orderly succession takes place at the appropriate times, and only in a responsi...
Sunday July 13, 2014
The first Budget of the Narendra Modi government hiked foreign direct investment limit in insurance and defence sectors to 49 per cent from 26 per cent.
Monday July 7, 2014
SPGVL, a subsidiary of Sterlite, focused on the development and operations of power transmission projects, will issue convertible securities to Standard Chartered Private Equity for a minority share, it said.
Monday June 30, 2014
French bank BNP Paribas has agreed to pay US authorities a fine of $8.9 billion to avoid being tried in court for dealing with US-blacklisted countries, sources close to the matter told AFP.
Thursday June 12, 2014
Idea Cellular, India's third largest telecom company, on Thursday said it has raised Rs 3,000 crore through qualified institutional placement (QIP), which witnessed strong interest from both foreign and domestic investors.
Wednesday June 11, 2014
India's exports rose 12.4 per cent in May over the previous year - the sharpest rise in six months - helped by a weaker rupee, government data showed on Wednesday.
Tuesday June 10, 2014
The Narendra Modi led BJP government's priorities and concomitant lift in the decision making environment have improved the chances of the removal of bottlenecks and a revival of the investment cycle, it said.
Thursday May 22, 2014
Global credit and information services company TransUnion has picked up an additional 7.5 per cent stake in Cibil to take its holding in India's largest credit information company to 55 per cent.
Wednesday May 14, 2014
Australia and New Zealand Banking Corp pulled off a major coup on Wednesday by poaching a senior Citigroup executive with extensive experience in Asia, where it has been bolstering its presence in recent years.
Friday April 25, 2014
Growth in emerging Asian countries will be lacklustre this year and contribute less to the global economy, despite signs of recovery in the region's major trading partners in the West, a Reuters polls showed on Friday.
Wednesday April 9, 2014
A rally in the Dalal Street may continue if a stable government is formed at the Centre, but major gains are unlikely as the markets have already factored in poll outcome partly as visible from the recent rise in indices, according to a report by Sta...