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About 17 results for "hsbc rsquo"

HSBC ups Sensex target for 2016 to 26K
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HSBC ups Sensex target for 2016 to 26K

  Global brokerage major HSBC has upgraded Indian equity markets to "neutral", saying ‘green shoots’ are emerging and has increased its Sensex target for the year to 26,000 from 25,000. According to the financial services major, Indian equity market has underperformed and its premium to the rest of the region is shrinking. Moreover, macroeconomic data like PMI and auto sales suggest the earnings environment might improve. "We raise India to neutral in an Asian context. Rediff.com, 2 weeks ago
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India to clock GDP growth of 7.4% in FY17: HSBC

  India's GDP is likely to ‘auto correct’, and the headline growth of the country in this fiscal is expected to remain flat at 7.4 per cent, says an HSBC report. According to the global financial services major, India's new gross domestic product series seem to exaggerate the economy's true growth rate and this overestimation is likely to narrow over the next few quarters. "As prices normalise over the next six quarters, this overestimation should gradually narrow," HSBC said ...
 Rediff.com3 weeks ago India's GDP is headed towards auto-correction  Rediff.com2 weeks ago
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Zomato refutes HSBC report; says investors back company's valuation

In February, Zomato had claimed to become profitable in six regions, including India, after achieving operational break-even of its businesses. Hitting back at HSBC analysts for marking down its valuation by half at $500 million, online restaurant guide and food ordering firm Zomato on Monday said the investors have backed the current valuation. In a mail to the company's 2,100 employees, Zomato founder and CEO Deepinder Goyal hit out at the HSBC report and said the "assumptions and statements" ...
 Rediff.com3 weeks ago
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Top ministers, stars take part in Modi@2 gala event

The Narendra Modi government on Saturday celebrated its two years in office with a gala event, which had a smattering of Bollywood actors, including megastar Amitabh Bachchan where the prime minister vowed to root out corruption and make life easier for people “looted” for years. IMAGE: Finance Minister Arun Jaitley at the event talking of the financial reforms brought about under the leadership of Prime Minister Narendra Modi. Photographs: PTI A battery of Union ministers dwelt at ...
 Rediff.com1 day ago
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What effect will poll results have on the markets?

From a legislative perspective, things have been reasonable as the government has been able to get key bills, such as the Bankruptcy Code, cleared. Markets are gearing up for the outcome of Assembly elections in five states -- Tamil Nadu, Kerala, West Bengal, Assam and Puducherry – scheduled for May 19. Though an unfavourable outcome for the Narendra Modi-led National Democratic Alliance could trigger a knee-jerk reaction in the markets, analysts rule out a significant correction from the ...
 Rediff.com1 week ago
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What's the logic behind tax evasion?

It is strange that the wealthy evade taxes even though the marginal utility of the money saved amounts to little and tax rates in countries, including India, have dropped, points out A V Rajwade. In general, individuals and companies desiring to avoid/evade taxes have created an extremely lucrative business area for global banks - and not only those based in Switzerland, which have become notorious for their “secret” numbered bank accounts. In last week’s article, I had ...
 Rediff.com3 weeks ago
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Vodafone gears up for Rs 16,500-cr IPO, names bankers

The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce Vodafone, the country’s second largest mobile operator, has appointed six bankers to raise about $2.5 billion (Rs 16,500 crore) through an initial public offering this year, which could well make it the country’s largest IPO in rupee terms. Sources said Deutsche Bank, HSBC and ICICI Securities would be the book-running lead managers while Bank of America ...
 Rediff.com4 weeks ago
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Markets likely to be apathetic to Parliament

  The second half of the Budget session of Parliament, which began on Monday, could turn out to be of little importance to the markets, claim analysts. Since the Union Budget was presented on February 29, the markets have rallied nearly 13 per cent. The rally has been led by a cut in key rates by the Reserve Bank of India and the forecast of a normal monsoon this year by India Meteorological Department and Skymet.  So how are markets likely to react to the developments? G ...
 Rediff.com1 month ago
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Money laundering: We are looking at the tip of the iceberg

The Panama leaks do not demonstrate that countries have become smarter at detecting and prosecuting money laundering. The international financial system continues to be favourable to those who have the means to hide their money, rues Nigam Nuggehalli The Panama Papers leak is not representative of the fact that countries have become smarter at detecting money laundering. The global financial system continues to favour those with the means to hide their money After the Panama Papers story ...
 Rediff.com1 month ago
Rediff.com

Panama leaks have taught the Indian rich a lesson

'Given the past record, no one will be prosecuted, especially since the beneficiaries comprise the most powerful people in the country. They will pay a fine and be let off.' Rashme Sehgal reports. Wealthy Indians have received a hard knock with the exposure of 4.8 million emails, three million database files and 2.1 million PDFs covering financial transactions spanning a 40-year period of the Panamanian law firm Mossack Fonseca. They have realised that even the most secretive ...
 Rediff.com1 month ago
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