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India's Services Sector Activity Surges To 10-Month High In June: Report
The growth in India's services sector activity surged to a 10-month high in June, driven by robust demand in both the domestic and export markets, according to an HSBC survey released on Thursday. Service sector growth also improved recruitment.
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India's Factory Growth Hits 14-Month High On Exports Surge: Report
India's manufacturing activity accelerated to a 14-month high in June, driven by a substantial rise in international sales that boosted output and sparked record-breaking hiring, a business survey showed on Tuesday.
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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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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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HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
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Huawei Reports Record Profit as CFO Meng Wanzhou Makes Public Return
Huawei has reported record profit for 2021 defying US sanctions as the company’s CFO Meng Wanzhou made her first public appearance since returning to China from Canadian custody.
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Banker Behind Report Alleging HSBC Racism Resigns Over Lack Of Support
The author of a report alleging institutional racism inside HSBC has resigned, citing frustration at its response to some of his criticism and a lack of support from white colleagues, two internal emails seen by Reuters show.
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IIM Trichy Placement Report: In PGP 2019-21, 24% Increase in Students With Stipends Over Rs 2 lakh
The new recruiters for 2019-2020 academic year included Google, AstraZeneca, Tredence, HSBC and Ninjacart.
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HSBC To Cut Up To 10,000 Jobs In Drive To Slash Costs: Report
HSBC Holdings is planning to cut up to 10,000 jobs as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday.
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Malaysia Seizes $240 Million From Chinese State Firm's Account: Report
Malaysia has seized more than 1 billion ringgit ($243.25 million) from a bank account of state-owned China Petroleum Pipeline Engineering Ltd (CPP), the Straits Times newspaper said on Saturday.
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Indian Parents Work Extra Hours And Borrow To Put Kids Into Varsities: Report
Nearly half of Indian parents sacrifice their holidays to take up extra work and borrow to fund their children's university education, says a report.
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India Most Vulnerable Country To Climate Change: Report
India is the most vulnerable country to climate change, followed by Pakistan, the Philippines and Bangladesh, a ranking by HSBC showed on Monday
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Deutsche Bank, HSBC, UBS To Be Fined For Spoofing, Manipulation: Report
The US derivatives regulator is set to announce it has fined European lenders UBS, HSBC and Deutsche Bank millions of dollars each for so-called "spoofing" and manipulation in the U.S. futures market
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Indian Parents Lead Asia In Sending Children Overseas For Education: Study
The findings are based on the study of over 8,000 parents across 15 countries and territories which found that 42 per cent parents would consider sending their children to universities abroad, compared to 35 per cent in 2016.
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India's Services Sector Activity Surges To 10-Month High In June: Report
The growth in India's services sector activity surged to a 10-month high in June, driven by robust demand in both the domestic and export markets, according to an HSBC survey released on Thursday. Service sector growth also improved recruitment.
-
India's Factory Growth Hits 14-Month High On Exports Surge: Report
India's manufacturing activity accelerated to a 14-month high in June, driven by a substantial rise in international sales that boosted output and sparked record-breaking hiring, a business survey showed on Tuesday.
-
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.
-
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.
-
HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
-
Huawei Reports Record Profit as CFO Meng Wanzhou Makes Public Return
Huawei has reported record profit for 2021 defying US sanctions as the company’s CFO Meng Wanzhou made her first public appearance since returning to China from Canadian custody.
-
Banker Behind Report Alleging HSBC Racism Resigns Over Lack Of Support
The author of a report alleging institutional racism inside HSBC has resigned, citing frustration at its response to some of his criticism and a lack of support from white colleagues, two internal emails seen by Reuters show.
-
IIM Trichy Placement Report: In PGP 2019-21, 24% Increase in Students With Stipends Over Rs 2 lakh
The new recruiters for 2019-2020 academic year included Google, AstraZeneca, Tredence, HSBC and Ninjacart.
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HSBC To Cut Up To 10,000 Jobs In Drive To Slash Costs: Report
HSBC Holdings is planning to cut up to 10,000 jobs as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday.
-
Malaysia Seizes $240 Million From Chinese State Firm's Account: Report
Malaysia has seized more than 1 billion ringgit ($243.25 million) from a bank account of state-owned China Petroleum Pipeline Engineering Ltd (CPP), the Straits Times newspaper said on Saturday.
-
Indian Parents Work Extra Hours And Borrow To Put Kids Into Varsities: Report
Nearly half of Indian parents sacrifice their holidays to take up extra work and borrow to fund their children's university education, says a report.
-
India Most Vulnerable Country To Climate Change: Report
India is the most vulnerable country to climate change, followed by Pakistan, the Philippines and Bangladesh, a ranking by HSBC showed on Monday
-
Deutsche Bank, HSBC, UBS To Be Fined For Spoofing, Manipulation: Report
The US derivatives regulator is set to announce it has fined European lenders UBS, HSBC and Deutsche Bank millions of dollars each for so-called "spoofing" and manipulation in the U.S. futures market
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Indian Parents Lead Asia In Sending Children Overseas For Education: Study
The findings are based on the study of over 8,000 parents across 15 countries and territories which found that 42 per cent parents would consider sending their children to universities abroad, compared to 35 per cent in 2016.
