Fauja Singh, the world's oldest runner at 101 years of age, is participating in the 10th Standard Chartered Mumbai Marathon on Sunday in what could be his first and last appearance in the city. Singh, who lives in London, will run the 4.3 km event for senior citizens.
Lowering the course record is not on defending men's champion Laban Moiben mind as he goes into the 10th Standard Chartered Mumbai Marathon on Sunday. He is focusing on only retaining the crown in the US $350,000 event.
Defending men's champion Laban Moiben of Kenya, last year's runner-up Raji Assefa of Ethiopia and third-placed John Kyui of Kenya have all confirmed to run in the US $3,50,000 10th Standard Chartered Mumbai Marathon, on January 20.
India's unstable politics and slow pace of reforms add to the downside risks said the bank's note.
The payment is on top of the $340 million it has already paid to the New York State Department of Financial Services.
A probe by the New York State's key banking regulator, the Department of Financial Services, has found deficient money laundering controls in outsourcing of work by StanChart to India, thus exposing the US financial system to terror financing and other risks.
Emerging giants India and China are leading the global economy on a '32-62-72' growth path, Standard Chartered Bank's Chief Economist has said -- using the numeric phrase for evolving economic size of the world.
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.
While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.
Kenyan pacesetter Gideon Kipketer won the men's race in an all-East African clean sweep of the podium by setting a new course record in the 13th Standard Chartered Mumbai Marathon on Sunday.
African athletes are expected to continue their dominance with runners from Kenya and Ethiopia likely to battle it out for top honours from among 2475 participants at the 9th Standard Chartered Mumbai Marathon on Sunday.
Julius Maisei learnt his lesson from two failed early breaks to time it just right at the third time of asking and win the Standard Chartered Hong Kong Marathon on Sunday.
India has been the fastest-growing market in Asia for the affluent segment between 2006 and 2010.
The airline is also expecting to close the bridge loan of $195 million from the domestic arm of the British lender shortly.
The survey, in which 125 corporate clients of the bank from south India participated, says a majority of corporates continue to be pessimistic about the country's growth with 72 per cent saying GDP growth will fall below 6 percent and 20 per cent predicting it to be less than 5 per cent.
Volatility in domestic share market acting as catalyst.
Economies the world over are facing different sets of challenges.
India is likely to grow faster, on average, than China over the next two decades.
African domination continued at the Standard Chartered Mumbai Marathon as Kenya's Laban Moiben and Ethiopian Netsanet Abeyo bagged the top honours in men's and women's categories in the ninth edition in Mumbai.
Gerard Lyons, chief economist and group head of research, Standard Chartered Bank, says that much will depend on monetary and fiscal policies undertaken.
Completing a marathon below two hours and 10 minutes is considered an arduous task, but Kenyan athlete William Kipsang is determined to do just that at the ninth Standard Chartered Mumbai Marathon on Sunday.
With the Athletics Federation of India cold shouldering the eighth Standard Chartered Mumbai Marathon to be held on January 16 next year, international athletics body AFI's representative would ratify the results, it was learnt.
Issuing debentures is one way by which companies raise loans.
Banks are increasingly offering a range of tailor-made financial products; however, there are some downsides.
Global private equity majors - Standard Chartered Private Equity and London-headquartered 3i - are understood to have shown keen interest to invest in the litigation-prone Rs 4,000 crore (Rs 40 billion) Bangalore-Mysore expressway being developed by Nandi Infrastructure Corridor Enterprise Limited (NICE).
The scheme offers complete solutions that combine savings, borrowing and protection for the emerging affluent segment, which consists of individuals with an annual income between Rs 5,00,000-Rs 40,00,000, the company said.
In 2012, Diageo had paid Rs 3,635 cr directly to Mallya for his 19.3% stake in United Spirits.
India, which has seen significant rise in foreign investment in recent years, needs regulatory changes to enhance investor confidence, a senior executive of a leading global bank said on Monday.
Kenya's Laban Moiben and Ethiopian Netsanet Abeyo bagged the top honours in contrasting fashion in the men's and women's categories at the 9th Standard Chartered Mumbai Marathon on Sunday even as India's Ram Singh Yadav qualified for the London Olympics.
After missing the bus for the Beijing Olympics by three seconds, long distance runner Ram Singh Yadav achieved the qualifying mark set for this year's London Games by dipping more than a minute under the B standard in the Standard Chartered Mumbai Marathon.
This is a significant slowdown - no doubt about that, says Neeraj Swaroop.
United Spirits Ltd (USL), flagship spirits company of the UB Group, has finally decided on foreign currency convertible bonds (FCCBs) to raise as much as $225 million (Rs 1,190 crore). The plan is to raise up to $175 million, plus an over-allotment option of $50 million.
Last week, Essar had decided to prepay $900 million of this debt to foreign lenders.
Mergers and amalgamations will grow and deal sizes increase as the Indian economy expands, Venkat Anantharaman, managing director responsible for mergers and amalgamations, leveraged finance and equity corporate finance at Standard Chartered Bank in Mumbai, tells Sumit Sharma in an interview.
Mukesh Ambani is also a member of the Prime Minister's Council on Trade and Industry.
At a meeting of the Institute of International Finance, a global association of financial institutions, Standard Chartered Bank Chief Economist, Gerard Lyons, raised doubts over the Centre's projections of reducing fiscal deficit from 2010-11's estimate of 5.1 per cent. "I am skeptical whether fiscal deficit can be reduced as planned," he said.
The loans are backed by a government guarantee.
Market regulator Sebi has barred 197 foreign funds, including those managed by global financial conglomerates like HSBC, Deutsche Bank and Standard Chartered, and 342 sub-accounts from further trading in stock market.
ANZ had exited from India in 2000 after it sold its Grindlays Bank unit to Standard Chartered Plc.
As many as 40 staffers, in the key equities and investment banking division in India, could be asked to go as part of the London-headquartered lender's global layoffs, said people aware of the development. HSBC India declined to comment.
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