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The subdued labour market is likely to recover.
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 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.
The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.
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 Securities and Exchange Board of India began its formal investigation into the complaint earlier this year.
The chief operating officer of HSBC Holdings, A W Jebson informed that HSBC board would meet in Mumbai on November 25.
Names of 100,000 a/c holders in HSBC's Swiss unit recently became public.
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.
India's first quarter GDP growth print was 7.9 per cent y-o-y, primarily led by urban consumption demand
The bank believes that that gold prices will recover this year and retain a pronounced bullish posture.
The Hongkong and Shanghai Banking Corporation is in the process of setting up a non-banking financial company to cater to new market segments
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.
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.
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.
With over 3,000 species of plants, 26 interconnected lakes and the 250-year-old Great Banyan Tree -- the largest in the world -- the Indian Botanic Garden is a veritable treasure, discovers Payal Singh Mohanka.
The bank has been at the centre of the black money and tax evasion scandal.
The deal fell as the transaction deadline expired. RBS said that it will wind-down its banking operations in the country.
Finance Minister Nirmala Sitharaman will keep on the path of fiscal consolidation and opt for narrowing the FY24 fiscal deficit to as low as 5.8 per cent in the upcoming Budget, analysts said on Tuesday. The government may go for a fiscal deficit number which will be far lower than the 6.4 per cent of GDP budgeted for FY23, they said, pegging the Budget figure for the next fiscal in the range of 5.8 - 6 per cent. Given the fact that this will be the last full Budget of the present government, there may be a temptation to make it into an expansionist one.
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.
Investors have been hoping for a cyclical recovery.
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.
HSBC Holdings plc on Thursday said it was keen to study the opportunities available in the Indian insurance sector, including pension fund.
Cuts its 2013 price forecast to $1,760 an ounce from $1,850.
India's booming outsourcing sector has been hit by a fraud again.
The HSBC Emerging Markets Index, a monthly indicator derived from the PMI surveys, inched up to 50.4 in April, from 50.3 in March, signalling only a marginal increase in output across global emerging markets in April.
Hongkong and Shanghai Banking Corporation (HSBC) is exploring opportunities beyond metro cities to expand its commercial banking business in India.
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