Hsbc | The Asian Age

Friday, Apr 19, 2024 | Last Update : 07:17 AM IST

hsbc Page-2

The profit in the latest quarter was below the $5.76 billion average of analysts’ estimates compiled by the bank.

HSBC Q1 profit misses estimate, unveils USD 2 bn new share buyback

HSBC Holdings PLC posted on Friday an unexpected 4 per cent drop in first-quarter pre-tax profit.

04 May 2018 10:51 AM

The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned to May 2 its hearing on the Reliance Infratel petition seeking permission to sell its tower and fibre assets. (Photo: PTI)

NCLAT adjourns hearing on Reliance Infratel asset sale to May 2

NCLAT had on April 6 partially allowed sale of the businesses, which was challenged by HSBC Daisy Investments (Mauritius) Ltd.

23 Apr 2018 7:04 PM

Of the four nations assessed by HSBC to be most vulnerable, India has said climate change could cut agricultural incomes, particularly unirrigated areas that would be hit hardest by rising temperatures and decline in rainfall. (Photo: AP | Representational)

India most vulnerable to climate change, Pak ranks 2nd: report

The five countries least vulnerable to climate change risk are Finland, Sweden, Norway, Estonia and New Zealand.

19 Mar 2018 8:58 PM

PSL norms mandate foreign banks to eventually lend 40 per cent of their total loan book to the priority sector, such as agriculture, rural infra, and MSMEs among others from April 2020. (Photo: PTI)

RBI gets tough on MNC banks, asks them to create sub-targets to meet PSL norms

All bank loans to MSMEs will now qualify under PSL without any credit cap.

05 Mar 2018 11:52 AM

HSBC expects India's growth at around 6.5 per cent in 2017-18, 7.0 per cent in 2018-19 and 7.6 in 2019-20.

GDP growth in India to accelerate over coming year: HSBC

GDP growth in India is expected to accelerate to 7.0 per cent in 2018-19 from 6.5 per cent in this fiscal.

02 Jan 2018 1:37 PM

HSBC net income of nearly $3 billion, swinging from a loss of $617 million the previous year.

HSBC posts higher 3Q profit as Asian pivot pays off

HSBC is in the midst of carrying out a restructuring with the goal of increasing profitability.

30 Oct 2017 10:58 AM

HSBC on Monday announced the appointment of Jayant Rikhye as the chief executive officer for India. (Photo: Jayant Rakhiye| Linkedin)

Jayant Rikhye appointed as HSBC CEO for India

Rikhye succeeds Stuart Milne, who is also a Group General Manager, after five years in the role.

23 Oct 2017 1:33 PM

It will provide a global view of import and export documentary credit and collections transactions, across markets in one single app.

HSBC launches app to track trade transactions

HSBCnet mobile application and has been launched in select countries in which HSBC operates, including India.

10 Oct 2017 8:13 PM

Presently, India's GDP is around USD 2.3 trillion (fiscal 2016-17).

India likely to be 3rd largest economy by 2028: HSBC report

India also needs a lot of focus on ease of doing business and related aspects like contract enforcements.

17 Sep 2017 12:28 PM

HSBC Holdings PLC on Monday said profit rose 5 percent in the first half of 2017.

HSBC records 5 per cent rise in profit, calls for USD 2 billion share buyback

HSBC said it expects to commence latest buyback shortly for completion in second half of 2017.

31 Jul 2017 11:02 AM

Repo rate cut in its policy review meet on Aug 2 as inflation is likely to have reached a new normal of 4 per cent.

RBI to cut repo rate by 25 bps on August 2: HSBC

According to the global financial services major inflation in India has fallen dramatically.

27 Jul 2017 1:42 PM

Union Cabinet on June 28 approved recommendations of Seventh Pay Commission with 34 modifications which will impose an additional annual burden of Rs 30,748 crore on the exchequer.

7th Pay Commission allowances to bump up inflation temporarily

Reserve Bank is expected to cut repo rate by 25 bps in its August meeting.

02 Jul 2017 12:19 PM

MPC minutes reveal a strong case for rate cut in August: Analysts

Earlier this month, the RBI in its MPC meet had left the key repo rate unchanged at 6.25 per cent.

22 Jun 2017 1:31 PM

India growth unchanged at 7.1 per cent in 2017-18:HSBC

According to the global financial services major HSBC, output gap in the country is likely to remain negative for longer period of time.

08 Jun 2017 3:57 PM

Indian economic growth to remain flat

According to HSBC report growth is expected to remain flat at 7.1 per cent in current fiscal.

04 Jun 2017 11:36 AM

Almost all goods and services have been classified into groups attracting GST rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent respectively.

GST to add 40 bps to growth rate; won't stoke inflation: HSBC

New GST regime is expected to make the Reserve Bank of India more relaxed about lingering inflation fears.

24 May 2017 3:36 PM

According to Bloomberg, some 19 GW of corporate PPAs for renewable energy have been signed so far across the world in the first quarter of 2017.

HSBC takes corporate PPA route for solar power

Trend of using corporate PPAs is fast catching up across the world.

16 May 2017 1:56 AM

RBI seized the day on April 6 by not sucking out the excess liquidity via a permanent and blunt tool (like OMO sales or CRR hike).

RBI had its 'carpe diem' moment on Apr 6: HSBC

Pushing up the reverse repo rate is expected to raise these and bring back some normalcy.

12 Apr 2017 7:42 PM

Around Rs 4 trillion of liquidity is sloshing around in the market.

RBI likely to focus on excess liquidity management: HSBC

The RBI could use the policy day to outline a mix of measures to absorb excess liquidity.

05 Apr 2017 7:37 PM

The uptick in the growth numbers would be largely driven by the remonetisation process which is expected by April end as this in turn would boost the consumption levels in the country.

HSBC reports India GDP to grow at in 2017-18

The report states that India is expected to clock a GDP growth of 7.1 per cent.

02 Feb 2017 1:07 PM

2 of 3

Columns

Mohan Guruswamy