HSBC

Byju's, Once Valued At $22 Billion, Is Now Worth "Zero”

The embattled edtech firm is struggling to pay employee salaries amid mounting legal battles. 

Jun 08, 2024, 17:10 PM IST

RBI Imposes Rs 36.38 Lakh Fine On HSBC Ltd For Violating Norms

After considering the facts of the case and the bank's reply in the matter, the RBI came to the conclusion that the violations were substantiated and warranted the imposition of penalty

May 29, 2024, 20:53 PM IST

Earth Hour: Zomato, HSBC, IndiGo plan ‘Dine in the Dark’ experience, other initiatives

100 restaurant partners such as Smoke House Deli, Paradise Biriyani, Fatty Bao, Hitchki, Mainland China, Oh Calcutta, and Monkey Bar among others, will offer a unique ‘Dine in the Dark’ experience to diners by switching off all non-essential lights during the dinner hour. 

Mar 26, 2022, 17:32 PM IST

HSBC's profit before tax from India rises marginally to USD 1.11 bn

Courtesy back-office operations, India retains the top ranking in terms of employees but the number of people employed declined by 1,000 to 38,000.

Feb 22, 2022, 22:03 PM IST

HSBC AMC to acquire L&T Mutual Fund for Rs 3,192 crore

HSBC has announced that its asset management arm will acquire L&T Mutual Fund for USD 425 million. 

Dec 23, 2021, 21:23 PM IST

IndiGo 15th anniversary sale: Flight fares start from Rs 915, check important dates and other details

IndiGo CEO Ronojoy Dutta said that it’s a momentous occasion for IndiGo as the airline celebrates 15 fulfilling years. 

Aug 04, 2021, 16:20 PM IST

HSBC revives 35,000 job cut plan after coronavirus outbreak

It will also maintain a freeze on almost all external hiring, Chief Executive Noel Quinn said in a memo sent to HSBC`s 235,000 staff worldwide on Wednesday.

Jun 17, 2020, 15:30 PM IST

HSBC CEO steps down 18 months after appointment

With a market value of $159 billion, the London- and Hong Kong-listed lender is worth more than Citigroup, even though its stock has fallen under Flint's tenure.

Aug 06, 2019, 10:22 AM IST

HSBC and Reliance Industries execute first of its kind blockchain trade finance transaction

The blockchain platform was integrated with the electronic bill of lading (eBL) platform to issue and manage an electronic bill of lading, a company statement said.

Nov 04, 2018, 18:05 PM IST

RBI may hike rates further to check inflation: HSBC

Earlier this month, the central bank had upped its retail inflation projection by 0.30 percent and kept the policy stance in the neutral zone, even as it hiked the key rate by 0.25 percent to 6.25 percent.

Jun 25, 2018, 15:09 PM IST

HSBC to invest $15-17 billion by 2020 as strategy pivots to growth

The update marks a definitive pivot in HSBC`s post-2008 crisis strategy, from cost-cutting and restructuring to investment and expansion as it seeks to improve returns.

Jun 11, 2018, 14:47 PM IST

IIT Kharagpur business school gets 112 campus offers

IIT Kharagpur have so far received a total of 112 offers from companies that include the likes of Wipro, HSBC, IBM and Deloitte.

Jan 09, 2018, 14:19 PM IST

Over 70% mid-market firms confident on domestic economy: HSBC

Further, it found that more than half of the MMEs in India forecast that technology investments would be a lower priority in the next three years.

Oct 03, 2017, 19:06 PM IST

US fines HSBC $175 million for lax forex oversight

In an order, the Fed also directed HSBC to improve internal oversight measures and compliance with risk management requirements in its foreign exchange trading.

Sep 30, 2017, 14:14 PM IST

HSBC's incoming chairman set to face CEO succession questions

Gulliver, who has been HSBC`s boss since 2011 and joined the bank 37 years ago, is due to step down next year.

Sep 13, 2017, 16:22 PM IST

HSBC announces profit increase, share buyback in signs of turnaround

HSBC won approval last month in China to establish an investment banking joint venture with a state-backed fund, ending a 20-month wait, making it the first such venture in China to be majority-owned by a foreign bank.

Jul 31, 2017, 12:26 PM IST

'Only 21% feel millennials will have comfortable retirement'

Only 21 per cent felt they are in a comfortable position for retirement, says a recent report, which puts them in difficult position in comparison to their elders.

May 14, 2017, 17:00 PM IST

HSBC foreign accounts case: Govt raises Rs 5,419 crore tax demand

The government has raised tax demand of Rs 5,419 crore on individuals who had undisclosed offshore accounts with HSBC of which around Rs 337 crore has been recovered.

May 03, 2017, 21:11 PM IST

RBI penalises HSBC, Kotak over violation FEMA

The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999.

Apr 27, 2017, 11:07 AM IST