Buoyed by good quality assets and liabilities of the merged entity of Grindlays Bank, the Standard Chartered Bank on Wednesday announced a 121 per cent growth in post-tax profit of Rs 848 crore (Rs 8.480 billion) for the year ended March 31, 2003.
Standard Chartered Bank is expected to seal the deal of its Mutual Fund business in the near future.
Next up for the 35-year-old will be another American in 39th-ranked Tommy Paul with a potential semi-final clash against top-seeded Russian Daniil Medvedev, who he defeated in the Australian Open final from a two-sets deficit.
'Why potentially anybody, not only Muslims and Dalits, can be subjected to custodial death?'
Despite the rash of reform steps announced over the weekend, Standard Chartered India on Monday sharply lowered its GDP growth forecast to 5.4 per cent for FY'13 from 6.2 per cent earlier, citing slowing consumer demand, an anaemic industry and a weak services sector.
'These charges of the prosecution will fall to the ground and I am 100 per cent sure of that.'
Standard Chartered Plc has seen 6 billion wiped from its market value following allegations it violated US anti-money laundering rules.
The IDR was trading at Rs 105.10, up 1.05 per cent, at 0956 hrs. "The Standard Chartered IDR had seen trouble during the initial response.
Global banking major Standard Chartered on Wednesday said it plans to increase its headcount in India by 2,500 people during the current year to 20,000.
Despite Sharad Pawar's categorical stand, the Maharashtra government has done nothing to ease the suffering of the Bhima Koregaon 16, who have been denied their basic rights to health and to communication with their families while in jail.
"We see no reason to interfere with the high court order," said a bench of Justices U U lalit, S Ravindra Bhat and Bela M Trivedi, refusing to consider the submissions raised by the NIA which had moved the apex court against the December 1 order.
American Serena Williams has also said that the dropouts will not take the shine off a potential record-equalling 24th Grand Slam title for her.
Images from Day 7 at the US Open.
Activist Gautam Navlakha, arrested in the Elgar Parishad-Maoist links case, has been shifted to the 'Anda Circle' (high-security barracks) in the Taloja jail in Navi Mumbai, his partner Sahba Husain said on Sunday and claimed the 70-year-old's already fragile health has deteriorated further due to shifting.
StanChart has got an approval from the RBI to list on the country's stock exchanges, but the bank is yet to approach SEBI for selling its depository receipts.
Rashmi Shukla's testimony comes as a revelation because the proceedings of the Elgar Parishad form the basis of the Bhima Koregaon case which has become an international cause celebre.
This is a significant slowdown - no doubt about that, says Neeraj Swaroop.
Stan Wawrinka outslugged Japanese sixth seed Kei Nishikori 4-6, 7-5, 6-4, 6-2 in energy-sapping humidity at Flushing Meadows on Friday to set up a US Open final against world number one Novak Djokovic.
Former champion Stan Wawrinka engaged in a war of words with Jo-Wilfried Tsonga before winning the only argument that mattered on Tuesday, storming into the Australian Open semi-finals with a 7-6(2), 6-4, 6-3 win over the Frenchman.
The friends and relatives of 16 accused, including Hany Babu, Stan Swamy and Sudha Bharadwaj, made the demand during a virtual press conference.
List of French Open men's singles champions:
Andy Murray took a step closer to a first title in arguably the toughest year of his playing career, grinding out a 3-6, 7-5 ,6-2 win over Ugo Humbert on Saturday to reach the final of the European Open in Antwerp.
This senior cop who deposed in such detail about the Elgar Parishad, however, claimed to know nothing about the opposition to it from organisations such as Milind Ekbote's Samastha Hindu Aghadi as well as Pune's then Mayor Mukta Tilak.
The deal underscores a growing trend of consolidation in Asia's wealth management industry.
Stan Wawrinka outlasted Frances Tiafoe over three sets to set up an all-home quarter-final against compatriot and fellow veteran Roger Federer at the Swiss Indoors on Thursday. The 34-year-old Waewrinka, who won 6-3, 3-6, 7-5, will attempt to beat Federer for only the fourth time when they meet for their 27th clash on Friday in a dream tie for the Basel crowd.
Thiem, Wawrinka stay positive after defeats on return
With a view to tame the inflation -- 8.66 per cent in April -- the RBI has increased its key rates eight consecutive times over the past 12 months, the last being the higher-than-expected 50 bps hike on May 3.
'I feel very disappointed at the end. Long time since I cried after a match, so emotionally wasn't easy to handle. I will try to learn from it as much as I can'
Finance Minister Nirmala Sitharaman cut fuel subsidies while slapping additional fuel taxes on unblended transport fuels in the latest Union Budget. The former will hit the rural poor, households that secured a subsidised LPG connection under the Pradhan Mantri Ujjwala Yojana (PMUY), a programme that was partly instrumental in helping the Bharatiya Janata Party (BJP) win the 2019 general elections. The latter will pretty much hurt the entire population after it kicks in from October. That's what it looks like. Or, perhaps, it's not as it appears to be, at least on the subsidy front.
India's Sumit Nagal gave a mighty scare to three-time Grand Slam winner Stan Wawrinka by taking off the first set but then wilted under pressure to bow out of the Prague Open in the quarter-finals on Thursday.
The Supreme Court on Monday admitted the appeals of Standard Chartered Bank, HSBC and Citibank challenging the order of the National Consumer Commission imposing restriction on charging credit card holders an interest rate in excess of 30 per cent.
The 'buy-now, pay-later' (BNPL) juggernaut continued to roll on during the festive season with multiple players seeing disbursals grow by more than 100 per cent compared to Diwali last year. LazyPay, the BNPL platform of Prosus-owned payments major PayU, witnessed a credit demand increase of 300 per cent over the festive season last year, especially in segments like travel, food & beverages and entertainment. "We also saw an uptick of 70 per cent in user acquisition in the last two months.
More than 70 players and their entourage are confined to their hotel rooms for 14 days and unable to train for the Feb. 8-21 Australian Open after passengers on three charter flights returned positive tests.
Last year, the London-headquartered bank had bought a 49 per cent stake in UTI Securities from the Securities Trading Corporation of India for Rs 147 crore. The bank retains the option to raise the stake to 74 per cent this year and the remaining shares by 2010.
Standard Chartered Bank, which has completed 10 years in credit card business in India, has introduced an equated monthly instalment card.
Japan's Kei Nishikori dispatched error-strewn Swiss Stan Wawrinka 6-2, 6-3 in a disappointingly one-sided clash at the ATP World Tour Finals on Monday.
Senior officials of the Industrial and Commercial Bank of China (ICBC) have denied a report that three major Chinese banks would acquire a 17 per cent stake in the Standard Chartered bank, the Chinese media reported.
Claiming that the sub-prime crisis in the mortgage market has not affected the bank, Standard Chartered Bank chairman Mervyn Davies said the crisis was not yet over and it would take few months to tide over. "Sub-prime crisis has been a real shock, though Asian markets like China and India have remained unaffected. It is not yet over and it may take few more months before the crisis is over," said Davies, who is in India to attend the bank's board meeting.
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