The index has remained above the 50-mark, below which it indicates contraction, for more than three years now.
The leaked files relate to accounts holding more than $100 billion, as per ICIJ.
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The subdued labour market is likely to recover.
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Improved investor sentiment is expected to drive the economy forward in the coming quarters.
After lagging behind benchmarks and broader indices over the past five years, real estate investment trusts (Reits) have outperformed them since the start of 2024. The four listed Reits have posted an average return of 16 per cent year-to-date, compared to 9.9 per cent for the S&P BSE Sensex and 11 per cent for the National Stock Exchange Nifty.
India's manufacturing sector witnessed a slowdown in July - the weakest growth rate since November - because of moderation in domestic and export orders amid sagging global economy, an HSBC survey said.
The fully funded scholarship includes tuition, living expenses and travel cost for a one-year-postgraduate programme.
The HSBC Emerging Markets Index, a monthly indicator derived from the PMI surveys, remained only just above the neutral threshold of 50.0 in September, signalling muted output growth in emerging markets.
The Asian Development Bank too had projected Indian's economic growth for current fiscal at 7.4 per cent.
The Reserve Bank on Thursdaysaid it is keeping a close watch on global banking major HSBC.
Herve Falciani, who refused to appear for trial in Switzerland, has been charged of industrial espionage.
Hedge fund redemptions and margin calls on leveraged investors will trigger further selling.
The index, however has remained above the 50 mark - below which it indicates contraction - for more than three years now.
The chief operating officer of HSBC Holdings, A W Jebson informed that HSBC board would meet in Mumbai on November 25.
The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, got subscribed 2.37 times on the third day of the bidding on Thursday, helped by institutional buyers. This is the largest IPO in the country, surpassing LIC's initial share sale of Rs 21,000 crore. The Rs 27,870 crore initial share sale got bids for 23,63,26,937 shares against 9,97,69,810 shares on offer, translating into 2.37 times subscription, as per NSE data.
The Securities and Exchange Board of India began its formal investigation into the complaint earlier this year.
Hongkong and Shanghai Banking Corporation (HSBC) is looking at entering the retail broking business to benefit from the rapidly growing middle class investors in India. It may scout for an existing retail broking house to hasten the pace of setting up business.
Names of 100,000 a/c holders in HSBC's Swiss unit recently became public.
The Hongkong and Shanghai Banking Corporation is in the process of setting up a non-banking financial company to cater to new market segments
The bank believes that that gold prices will recover this year and retain a pronounced bullish posture.
Equity benchmark indices Sensex and Nifty hit their all-time high levels on Friday helped by impressive GDP data and fresh foreign fund inflows. Also, a rally in global markets added to the positive momentum in the equity markets. The 30-share BSE Sensex jumped 1,139.04 points to 73,639.34 -- its all-time peak -- in the late afternoon trade.
India's first quarter GDP growth print was 7.9 per cent y-o-y, primarily led by urban consumption demand
For Indian parents, sending a child abroad for a three-year degree could deplete 48% of their retirement savings, while a four-year degree may consume up to 64%.
Rural inflation running higher than urban: HSBC
Rising bilateral trades, growing consumer wealth and high confidence level will push India to the top league of trading nations.
After investing $150 million this year, HSBC is willing to step up investments in India as it expects the economy to sustain over 7 per cent growth in the coming years.
Switzerland, UK, Venezuela, US and France are t
Facing black money investigations in India and several other countries, global banking giant HSBC on Monday said it is also being probed in the US for hiring candidates related to government officials in Asia Pacific.
The bank has been at the centre of the black money and tax evasion scandal.
While liquidity in the banking system has turned surplus in the last few weeks, it could go back to deficit again, mainly due to corporate advance tax outflows. The net liquidity surplus of the banking system rose to touch Rs 1 trillion on Tuesday on the back of government spending, according to the data released by the Reserve Bank of India.
The deal fell as the transaction deadline expired. RBS said that it will wind-down its banking operations in the country.
HSBC's India staff have come under the scanner for deficiencies in their role as 'offshore reviewers' of the global banking giant's compliance to safety mechanism against money laundering and terrorist financing.
HSBC Holdings plc on Thursday said it was keen to study the opportunities available in the Indian insurance sector, including pension fund.
The Hongkong and Shanghai Banking Corporationon Friday announced it will acquire the Indian business of Royal Bank of Scotland worth $1.8 billion, a move that will help the British giant gain greater exposure in the country.
