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About 10 results for "hsbc rsquo"

2015: A year of downsizing for foreign banks

2015: A year of downsizing for foreign banks

Slowdown in corporate lending and the high cost of doing business in India are forcing a rethinkLast month, HSBC announced it was shutting its private banking operations in India. It followed the lead of RBS and Standard Chartered, which earlier this year decided to slim down their India business. It is believed that Germany’s largest lender, Deutsche Bank, which is reviewing its position globally, could be the next to trim its retail operations. Drawn by the growing ranks of ..., 1 month ago

Few scandalous biz tycoons who made it big, ran it and got screwed

Has business become more immoral than before? Perhaps not; it’s just being exposed more often because of tighter laws and the spread of information technology, says Kanika Datta. There are few global, some desi scandalous biz moguls who the world will always remember. Photograph: Omar Shobani/Reuters Volkswagen, Rajat Gupta, Enron, Lehman Brothers, WorldCom, Toyota, Bernard Madoff, Subrata Roy, Ramalinga Raju, GlaxoSmithKline, Ranbaxy, Barclays, Bear Stearns, Lalit Modi, Jignesh Shah, ...
 Rediff.com1 month ago

Swiss surprise may spoil India's hunt for black money

Move will be a setback for India which wants information on black money probe based on leaked data Switzerland could backtrack on a recently proposed law, which would have helped countries like India get information about black money. After the data leaked from HSBC Private Bank (Geneva) by whistleblower Hervé Falciani in 2008 was shared by France with 30 countries, Switzerland was flooded with requests for further information. However, Swiss authorities didn’t share any such ...
 Rediff.com1 week ago

Sensex ends lower in lacklustre trade

The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45. Benchmark indices started the new month on a tender note as investors turned cautious ahead of the Reserve Bank of India’s monetary policy review on Tuesday. The central bank is widely expected to maintain status quo thus adding pressure on banking and financial shares. The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at ...
 Rediff.com1 week ago

Govt must revive industrial output: CEOs

  The fall in industrial production in November has not come as a big surprise to corporate leaders, but chief executive officers said the government needed to take urgent steps to bring industry back on track. Industrial output fell 3.2 per cent in November, contracting by the sharpest margin in the past four years. Industrial production by use shows capital goods contracted sharply and consumer goods also slowed down. CEOs said one of the reasons for lower industrial production was ...
 Rediff.com1 month ago

Beggar who lives in Rs 1 lakh-a-month rental flat

The London based, Christopher Turner has been claiming to be a homeless beggar for few years, before being officially busted by the locals. Besides the fact that he was fooling people on the street, the alleged homeless man was living in a Rs. 1 lakh-a-month ...
 Jagran Post1 month ago

Can India maintain the growth momentum in 2016?

  For April-June, it had grown 7 per cent, raising concerns over recovery. Attributing the uptick in growth to gains from low oil prices and the government's focus on capital expenditure, foreign brokerage HSBC on Monday said it would be difficult to maintain the momentum next year though. "Our key drivers of growth over the last year could face headwinds, going forward," it said in a note, elaborating that oil prices which slid to $40 a barrel from $110 during the year could not see such ...
 Rediff.com2 months ago

India, Switzerland improve cooperation on tax matters

With India stepping up efforts to bring back illicit funds stashed abroad, Switzerland has said both sides have improved their cooperation on tax matters following several high-level meetings. Over the past few months, both countries have been working closely on mutual administrative assistance, according to the Swiss government. In recent months, Switzerland has disclosed names of more than a dozen Indians about whom information has been sought by the Indian government amid suspicion that ...
 Rediff.com2 months ago

When you should look at international funds

  Experts say investors must consider these for geographical diversification, hedging currency or for exposure to stocks not available in IndiaOne look at the category average returns of international funds is enough to drive investors away. In the past five years, it has returned only 0.83 per cent annually -- the lowest among all mutual fund categories. Even over three and one-year periods, the category's average returns is among the worst. But, there is still a case for investing.
 Rediff.com2 months ago

Analysts upbeat on RIL outlook

Refining major optimistic on planned investment of $16 bn for expansion and new technology to post healthy margins Reliance Industries (RIL), which surprised the Street with a $4.3 a barrel premium on gross refining margin (GRM) in the September quarter results, might continue to spring such surprises. The company, say insiders, is making its refining "more and more challenging" by adopting new technologies. "Refineries are now having lower and lower margins and each would attempt to look at ...
 Rediff.com2 months ago
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