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Friday, January 28, 2022



HSBC to buy L&T Mutual Fund for around Rs 3,200 crore

December 23, 2021 11:48 pm

🔴 Both the companies have entered into a definitive agreement whereby HSBC AMC will acquire 100 per cent equity shares of L&T Investment Management Ltd, a wholly owned subsidiary of L&T Finance Holdings.

HSBC appoints Hitendra Dave as India CEO

June 07, 2021 2:18 pm

India is the third-largest profit contributor for the HSBC Group after Hong Kong and mainland China and delivered a pre-tax profit of USD 1.024 billion in 2020.

HSBC net profit falls 53%, bank to sell assets in overhaul

February 18, 2020 2:26 pm

London-based HSBC, whose profit is mainly from Asia, said Tuesday that it plans to revamp its US and European business and shed $100 billion in assets to improve its profitability.

HSBC lays off 150 employees from back offices in India

August 22, 2019 6:08 pm

The move comes at a very difficult time domestically, where there are concerns on whether the ongoing economic growth slump would permeate into impacting jobs.

HSBC plans more China tech jobs in push for market share

May 21, 2019 11:39 am

Europe's biggest bank by assets will boost headcount at its technology centres in Guangzhou, Shanghai and Xi'an by 14% from a current 7,000-strong workforce, said HSBC Chief Information Officer Darryl West.

Switzerland set to transfer details of Indian account holders in HSBC

February 05, 2019 1:30 pm

The Indian Express has learnt that around six weeks ago, individual Indian account holders received communications from the FTA that the Indian request for banking details meets the requirements specified in the DTA (double taxation agreement) signed by the two countries as well as of the 2012 Federal Act on International Administrative Assistance.

Standard Chartered to stop financing new coal-fired power plants

September 25, 2018 2:37 pm

Standard Chartered said its existing commitments were excluded from its new policy on coal energy. It currently has 14 project financing facilities in seven markets, which fund coal-power stations.

Rising costs and US settlement crimp HSBC's first-half profit

August 07, 2018 9:37 am

Shares in Europe's biggest bank dipped in London as investors and analysts await clearer signs of progress in the new HSBC management's strategy.

HSBC case: ED seizes Rs 21 crore assets of Dabur director

May 23, 2018 3:46 am

The assets have been seized in lieu of those held abroad by Dabur group director Pradip Burman, ED has said.

HSBC InvestDirect settles proceedings with Sebi

January 18, 2018 2:00 am

This was also approved by Sebi’s panel of whole-time members, after which the brokerage firm remitted the amount.