Search Results for: HSBC

Tough week for investors as Sensex declined by 2.7%, Nifty down 2.2%

The stock market experienced a tough week with both Sensex and Nifty declined by 2.7 per cent and 2.2 per cent, respectively.

27 days ago

India's manufacturing growth eases in August, stays above long-run average

India's Manufacturing Sector Maintains Resilience Amid Slowdown

India's manufacturing sector growth has slowed, but remains above the long-run average, according to HSBC India's PMI data. The sector's resilience and strategic planning are crucial to India's $10-trillion ambition, with focus areas including semiconductors, electronics, electric vehicles, renewable energy, and defence.

Sep 2, 2024

FDI in India's manufacturing sector hits $165 bn, 69 pc growth in last 10 years

India's Manufacturing Sector Attracts $165bn FDI

India's manufacturing sector has emerged as a top destination for foreign direct investment (FDI), with a 69% surge in inflows over the last decade, reaching a staggering $165.1 billion.

Aug 11, 2024

Business growth in India at three-month high as PMI hits 61.4

The report revealed that this strong growth in private-sector business was driven by rising demand in the services sector

Jul 24, 2024

The Transformative Role of Machine Learning in Financial Forecasting

ML is revolutionizing financial forecasting in consumer banking, enhancing fraud detection, personalizing customer experiences, predicting behavior, aiding strategic planning, and optimizing pricing.

Jul 16, 2024

India records robust services sector growth in June, hiring at 2-year high

Survey of services sector shows robust growth in June, exports-wise

India's services sector has witnessed a robust growth in June, according to a survey conducted by HSBC. The growth was primarily driven by strong domestic demand and a record increase in export orders.

Jul 3, 2024

India's manufacturing activity surges in June, hiring at 19-year high

India's manufacturing activity picked up momentum in June on the back of rising consumer demand leading to the fastest rate of hiring in 19 years, according to HSBC's final India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global.

Jul 1, 2024

Key investors move NCLT against Byju's rights issue, firm says yet to get any petition

Byju's Challenges NCLT Order in High Court Amid Financial Crisis

In a recent development, Byju's, a leading edtech company, has approached the Karnataka High Court, challenging the order of the National Company Law Tribunal (NCLT).

Jun 23, 2024

Flipkart's 'Big End of Season Sale' dates are in; go on shopping spree from June 1

Flipkart's 'Big End of Season Sale' dates are in; go on shopping spree June 1 onwards

In the run-up to Big EOSS, Flipkart has launched a star-studded marketing campaign featuring Allu Arjun and Alia Bhatt. This campaign has encouraged wishlisting of products by customers PAN India, building anticipation for the sale.

May 31, 2024

Markets: Nifty at all-time high, Sensex jumps over 750 points

Indian stocks rise on Thursday, bouncing back from a flat session

May 23, 2024

How big-ticket offenders are able to relocate, escape long arm of the law

It has been several years since high-profile economic offenders such as Vijay Mallya and Nirav Modi made headlines by fleeing the country, leaving a trail of unpaid debts amounting to thousands of crores from Indian banks.

Feb 4, 2024

SoftBank likely sold 10 cr shares in Zomato for Rs 947 crore; stock up [details]

Around 10 crore shares of online food delivery platform Zomato, amounting to an 1.17 per cent of the company's equity, changed hands on Wednesday at a total deal value of around Rs 947 crore.

Aug 30, 2023

ED issues showcause notice to Xiaomi over FEMA violation; what does it mean [details]

The Enforcement Directorate (ED) on Friday said that the Adjudicating Authority has issued showcause notices to Xiaomi Technology India Private Limited, its officials and three banks under the relevant provision of the Foreign Exchange Management Act (FEMA) on the basis of a complaint filed by the probe agency in connection with illegal remittances made by the company to the tune of Rs 5,551.27 crore.

Jun 9, 2023

HSBC acquires 'Silicon Valley Bank UK' for 1 pound

HSBC UK Bank plc is acquiring Silicon Valley Bank UK Limited (SVB UK) for 1 pound, after a weekend of frantic negotiations by UK officials.

Mar 13, 2023

India has a strong pipeline of 80 IPOs over next 5 years

While the stock performances of tech IPOs, compared to other consumer companies, witness a steeper crash, India is poised to see more than 100 large-scale profitable/path-to-profitability startups in the next five years.

Dec 13, 2022

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