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Who Is Indian-Origin Pam Kaur, HSBC's 1st Female CFO In 160-Year History
HSBC Bank has named Indian-origin Pam Kaur as its new Chief Financial Officer (CFO), the first woman to hold this position in its 160-year history. She is replacing Georges Elhedery, who took over as CEO earlier this year.
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India's Heat Is Now A Better Predictor Of Food Prices Than Rain: Report
Tracking rising temperatures is becoming a better way of forecasting food inflation in India than the rain patterns economists have typically relied on, according to HSBC Holdings Plc.
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India Sees Record Rise In Exports, Employment At 18-Year High In May: Report
The Indian economy clocked a record rise in exports and the sharpest upturn in employment in nearly 18 years in May, according to HSBC Flash Purchasing Manager's Index (PMI) data released on Thursday.
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Man Posing As HR Head Of Multi-National Company Dupes HSBC Bank Of Rs 2 Crore
An alleged fraudster, claiming to be the Human Resources head of a multi-national company, duped HSBC Bank of more than Rs 2 crore, police said.
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Air India Acquires First A350 Aircraft Through Finance Lease Transaction
Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City.
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Reliance Jio to Sign $1.7 Billion Deal With Nokia for Purchase of 5G Network Equipment: Report
Reliance Jio Infocomm is reportedly gearing up to sign a contract worth $1.7 billion (roughly Rs. 14,016 crore) with Nokia this week to purchase 5G network equipment. The contract could be signed as early as Thursday in Helsinki, Finland. HSBC, JP Morgan and Citigroup are reportedly backing Jio's 5G-related purchases.
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Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation
Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of Rs. 5,551 crore.Â
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Q3 Economic Growth Stronger Than Data Suggests: Economists
The lower-than-expected growth was led by an upward adjustment in the base year GDP, Pranjul Bhandari, chief India economist at HSBC said, adding that the level of output compared to pre-pandemic quarters continued to improve.
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India's Growth To Dip To 5.5% In 2024 From 6.8% In 2023: Report
Economists at HSBC Securities and Capital Markets expect domestic demand to remain stronger as compared to global demand, adding that demand for goods - higher than services demand during the pandemic - has fallen in recent months.
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RBI to Begin Pilot of Digital Rupee on November 1 With Participation From 9 Banks
The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on November 1, identifying nine banks to participate in the project. The pilot with include SBI, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC, the RBI said.
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ReNew Power, HSBC India To Provide Solar Electricity, Climate Education To 75 Schools
Renewable energy firm ReNew Power has tied up with HSBC India to electrify 75 schools in three states with solar energy and create awareness about climate change in school curriculum, the two companies said in a joint statement.
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HSBC To Relaunch Private Banking Business In India Within A Year: Report
HSBC Holdings PLC plans to relaunch its India private banking business within a year, its India CEO told Reuters on Thursday, after the Asia-focused lender has identified the country as a key strategic market for growth.
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Startups To Get $250 Million Funding From HSBC India
Foreign lender HSBC India on Monday announced that it will lend $250 million to startups in the country
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HSBC Explores Re-Entry In India's Private Banking Business
HSBC exited the Indian private banking business in 2015 as part of a group strategy. The lucrative but very competitive Indian market has few foreign players.
-
Low Maintenance, Fuel Efficient Vehicles To Sustain: Report
Cars with greater fuel efficiency and low maintenance cost are expected to attract more buyers, says HSBC Global Research report
-
Who Is Indian-Origin Pam Kaur, HSBC's 1st Female CFO In 160-Year History
HSBC Bank has named Indian-origin Pam Kaur as its new Chief Financial Officer (CFO), the first woman to hold this position in its 160-year history. She is replacing Georges Elhedery, who took over as CEO earlier this year.
-
India's Heat Is Now A Better Predictor Of Food Prices Than Rain: Report
Tracking rising temperatures is becoming a better way of forecasting food inflation in India than the rain patterns economists have typically relied on, according to HSBC Holdings Plc.
-
India Sees Record Rise In Exports, Employment At 18-Year High In May: Report
The Indian economy clocked a record rise in exports and the sharpest upturn in employment in nearly 18 years in May, according to HSBC Flash Purchasing Manager's Index (PMI) data released on Thursday.
-
Man Posing As HR Head Of Multi-National Company Dupes HSBC Bank Of Rs 2 Crore
An alleged fraudster, claiming to be the Human Resources head of a multi-national company, duped HSBC Bank of more than Rs 2 crore, police said.
-
Air India Acquires First A350 Aircraft Through Finance Lease Transaction
Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City.
-
Reliance Jio to Sign $1.7 Billion Deal With Nokia for Purchase of 5G Network Equipment: Report
Reliance Jio Infocomm is reportedly gearing up to sign a contract worth $1.7 billion (roughly Rs. 14,016 crore) with Nokia this week to purchase 5G network equipment. The contract could be signed as early as Thursday in Helsinki, Finland. HSBC, JP Morgan and Citigroup are reportedly backing Jio's 5G-related purchases.
-
Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation
Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of Rs. 5,551 crore.Â
-
Q3 Economic Growth Stronger Than Data Suggests: Economists
The lower-than-expected growth was led by an upward adjustment in the base year GDP, Pranjul Bhandari, chief India economist at HSBC said, adding that the level of output compared to pre-pandemic quarters continued to improve.
-
India's Growth To Dip To 5.5% In 2024 From 6.8% In 2023: Report
Economists at HSBC Securities and Capital Markets expect domestic demand to remain stronger as compared to global demand, adding that demand for goods - higher than services demand during the pandemic - has fallen in recent months.
-
RBI to Begin Pilot of Digital Rupee on November 1 With Participation From 9 Banks
The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on November 1, identifying nine banks to participate in the project. The pilot with include SBI, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC, the RBI said.
-
ReNew Power, HSBC India To Provide Solar Electricity, Climate Education To 75 Schools
Renewable energy firm ReNew Power has tied up with HSBC India to electrify 75 schools in three states with solar energy and create awareness about climate change in school curriculum, the two companies said in a joint statement.
-
HSBC To Relaunch Private Banking Business In India Within A Year: Report
HSBC Holdings PLC plans to relaunch its India private banking business within a year, its India CEO told Reuters on Thursday, after the Asia-focused lender has identified the country as a key strategic market for growth.
-
Startups To Get $250 Million Funding From HSBC India
Foreign lender HSBC India on Monday announced that it will lend $250 million to startups in the country
-
HSBC Explores Re-Entry In India's Private Banking Business
HSBC exited the Indian private banking business in 2015 as part of a group strategy. The lucrative but very competitive Indian market has few foreign players.
-
Low Maintenance, Fuel Efficient Vehicles To Sustain: Report
Cars with greater fuel efficiency and low maintenance cost are expected to attract more buyers, says HSBC Global Research report
