India's manufacturing, services growth outpaced China in April
Manufacturing and service sectors in India expanded at a faster pace last month than China, even as economic growth moderated overall in emerging markets, a survey said.
May 08, 2015, 12:45 PM IST
Equifax appoints HSBC's Manish Sinha to head country ops
Sinha, appointed as the managing director and country head for Equifax, will be focusing on retail banking as the head of consumer assets and customer value management.
May 06, 2015, 15:40 PM IST
GDP growth may expand 7.8% this fiscal: HSBC
India's GDP growth is likely to pick up pace and expand by 7.8 percent during this fiscal and higher next year on the back of improved urban consumption, says a HSBC report.
May 05, 2015, 22:45 PM IST
HSBC bank says Q1 net profits edges higher
Earnings after taxation climbed to $5.26 billion (4.75 billion euros) in the three months to the end of March, compared with $5.21 billion a year earlier, the Asia-focused bank reported in a results statement.
May 05, 2015, 15:31 PM IST
Working Indians want to settle in another city post retirement
Forty four per cent of working Indians want to settle in another city or town after retirement and for those wanting to move overseas the United States has emerged as the top destination, says a survey.
Apr 29, 2015, 14:16 PM IST
HSBC bank launches review on whether to keep HQ in UK
Global banking giant HSBC on Friday said it had launched a review on whether to remain headquartered in Britain as the country tightens regulation of the sector.
Apr 24, 2015, 14:13 PM IST
China's manufacturing activity hits 12-month low
An index of China`s manufacturing activity fell to a 12-month low in April, HSBC said Thursday, indicating further weakness as growth sputters in the world`s second-largest economy.
Apr 23, 2015, 09:26 AM IST
Britain's bank tax jump threatens to push HSBC, StanChart to new home
"There is a very clear risk that HSBC and StanChart reach a pain threshold where they think it is no longer worth staying in the UK," said Richard Buxton, head of equities at Old Mutual Global Investors, which owns HSBC shares and who said the bank was reflecting on a move.
Apr 20, 2015, 10:03 AM IST
France imposes Euro-1 bn bail on HSBC; begin formal probe
The bank, however, said the French magistrates' decision was "without legal basis" and it would appeal against it.
Apr 09, 2015, 19:55 PM IST
Black money: HSBC tax evasion suspects in India told to get a lawyer
Customers of HSBC in India, suspected of tax evasion, have been given a 30-day timeframe to get a lawyer in Switzerland to manage or challenge the disclosure of their names in the official gazette.
Mar 31, 2015, 19:01 PM IST
Black money: India offers cash reward to HSBC whistleblower
As per rules, up to 30 percent of the tax amount realised could be offered to whistleblowers who provide specific information on illegal funds.
Mar 23, 2015, 17:30 PM IST
India's GDP to grow at 8.3% in FY'17: HSBC
Stars are "gradually aligning" for the Indian economy and it is expected to clock a growth rate of 7.4 per cent in the current financial year, which is likely to improve further to 8.3 per cent by 2016-17, says an HSBC report.
Mar 22, 2015, 10:44 AM IST
Banks, financial institutions to face action under new black money law: Das
Under the new law on black money, banks and other financial institutions will also face action if they are found to have abetted stashing of illicit wealth, along with the action against the perpetrators and beneficiaries of this crime.
Mar 04, 2015, 16:31 PM IST
Services growth soars to 8-month high: HSBC
The HSBC India Services Business Activity Index, which tracks changes in activity at Indian services companies on a monthly basis, rose to an eight-month high of 53.9 in February, as against 52.4 in the previous month.
Mar 04, 2015, 11:24 AM IST
Black money: RBI closely watching probe against HSBC
The Reserve Bank Thursday said it is keeping a close watch on global banking major HSBC, which is facing multi-nation probe including by Indian tax authorities for alleged tax evasion and money laundering at its Swiss units.
Feb 26, 2015, 17:21 PM IST
Black money: HSBC bosses say sorry for 'unacceptable' practices
HSBC bosses on Wednesday apologised for "unacceptable" failings at the banking giant's Swiss division when they were grilled by British MPs over allegations it had helped rich clients dodge taxes.
Feb 26, 2015, 09:29 AM IST
British MPs grill HSBC bosses over tax-dodging scandal
HSBC bosses on Wednesday apologised for "unacceptable" failings at the banking giant`s Swiss division when they were grilled by British MPs over allegations HSBC helped rich clients dodge taxes.
Feb 25, 2015, 23:30 PM IST
China manufacturing expands in February: HSBC
British banking giant HSBC said its preliminary purchasing managers' index (PMI) reading for this month came in at a four-month high of 50.1, up from 49.7 in January.
Feb 25, 2015, 23:28 PM IST
HSBC's India headcount up by 1,000; US staff size down
At the centre of a probe into black money allegedly stashed by Indians in Swiss banks, global banking giant HSBC increased its headcount in India by 1,000 last year to 32,000 -- the second highest after the UK.
Feb 24, 2015, 14:52 PM IST
Black money: I-T dept conducts survey at HSBC bank in Mumbai
The Income Tax department has conducted a "survey" operation at the head office of HSBC bank here in connection with the black money probe against it and certain Indians who held accounts in its Switzerland branch.
Feb 23, 2015, 22:21 PM IST
