HSBC India has announced a new home loan package offering to pay back part of the interest to borrowers. Yes, like the foreign bank claims, it is a first in the home loans business. But if one takes a careful look, it might not be such a big deal after all.
Flipkart has not been able to process with its plans of getting into the grocery vertical and is stuck on running pilots in select cities.
The index, based on a survey of 500 companies, rose to 57.2 in October from 55.1 in the previous month and 57.2 in August. October was the 19th consecutive month in which the index has risen.
'If businesses are focused on de-leveraging, they can hardly be investing. This is the price extracted by investment mistakes during UPA rule, and should have been foreseen. 'But Modi-I must share the blame, for muted reform of the financial sector, partisan policy in telecom, the harm done to exports by an over-priced rupee, and so on,' says T N Ninan.
A summary of sports events and persons who made news on Friday
Under the resolution plan, the lenders would end up having a sizable portion of shares in the airline, if their boards of directors agree to convert part of their debt into equity.
Terming the RBI action on Wednesday as a "pleasant surprise", analysts today cautioned that possibility of a rate hike in the future cannot be ruled out. Urijit Patel committee's report on monetary policy would clear the air on RBI's future stand, they added.
One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore.
Out of these, no balance has been found in case of 289 accounts
'When the rupee was at 65 a dollar, we wanted to go to Thailand for a holiday.' 'Now at 72, we may find Goa much more attractive.' 'That's how correction happens.' 'If you don't let that correction happen, then it's a pressure cooker that bursts one day.'
An increasing number of Indians want to increase their savings in the next six months to meet retirement goals and to build up emergency funds, a survey has revealed.
Deutsche Bank could be the next to trim its retail operations.
A survey by five brokerage houses -- SBICap Securities, Angel Broking, ICICI Securities, Motilal Oswal and HSBC Securities -- reveals that after a volatile calendar year which saw input costs rise to record levels in the first half and then fall dramatically in the second half, FMCG companies will now see the benefit, as it usually takes a quarter for falling costs to show in the results.
Regular recruiters such as Deutsche Bank, HSBC Global Research, Standard Chartered Bank, Axis Bank, Yes Bank, FuturesFirst, Johnson and Johnson, ITC, Deloitte Innovation, Knightfrank, Larsen and Toubro, Jindal Steel and Power Corporation, Infosys and CTS among others continued their relationship with the institute this year also.
"Any lingering concern that India's manufacturing recovery was tailing off should be put off. A second consecutive rise in PMI has taken the series to a new cycle high consistent on double digit rise in industrial production," said Robert Prior Wandesforde, senior asian economist, HSBC.
Major global banks such as Standard Chartered, Barclays and HSBC have paid lesser amounts in advance tax in the third quarter of this fiscal compared to the year-ago period, while the domestic banks have paid higher amounts during the same period.
About one-fourth of the Indian population is without pension coverage and only 13 per cent of the country's paid employees are under formal pension arrangement, a survey has found.
Shares of most European banks are down significantly.
The churn in investment banks, though less muted than in the heydays of 2007, is gathering speed. "The pent-up desire to move is very high at the moment," says R Suresh, managing director at head hunting firm Stanton Chase.
Advocate Prashant Bhushan, who is one of the petitioners in the black money case, makes a case for the revelation of all the names of account holders that the government has submitted to the Supreme Court.
Jyoti Randhawa shunned aggression for caution and carded a second successive two-under 70 for a share of the sixth spot after the penultimate round of the WGC-HSBC Champions golf tournament in Shanghai on Saturday.
Finance -- the most battered sector by the global meltdown -- is making a strong comeback.
Just another golfer in his rookie season till some time ago, caddie-turned-pro C Muniyappa is finding it hard to believe that he will rub shoulders with greats like Tiger Woods and Phil Mickelson in the WGC-HSBC Champions starting in Shanghai on Thursday.
For investment bankers, a Brexit vote is more than just about volatile prices on a screen but also about where they may end up working and living.
Customers will be offered five free third-party withdrawals per month.
'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
Shree Rama Multi Tech Ltd said Company Law Board dismissed a petition filed against the company by HSBC Private Equity India Ltd, a foreign equity investor.
Under the Goods and Services Tax, effective midnight of June 30, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
Having cleaned up their credit card portfolios and sensing a change in the economic environment, issuers such as SBI Cards, Standard Chartered and HSBC are seeing an increase in their credit card base at a marginal pace.
Finance minister Arun Jaitley had recently sent a delegation to Switzerland and the members had returned with some positive movement.
Investors can sell their entire equity and move to debt when stocks get expensive
A top five finish that seemed so imminent slipped through the fingers of a nervy Jyoti Randhawa, who signed off tied 19th with an even-par final round in the prestigious WGC-HSBC Champions golf tournament in Shanghai on Sunday.
Back in form, Jyoti Randhawa remained in hunt for a top five finish, carding a sedate two-under 70 to lie tied eighth after the midway stage of the $7,000,000 WGC-HSBC Champions golf tournament in Shanghai.
Last week, the government had introduced the black money Bill.
The current global downturn has made India even more desirable to Non-Resident Indians who are bullish about the country's growth and continue to invest heavily in the country of their origin, a report said.
Asian countries are home to some of the wealthiest expatriates in the world and about 25 per cent of the highest paid foreign assignees' prefer to live in India, a report has said.
India is among the top 10 countries in the world in terms of expat quality of life.
Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 cases were reported by the ICICI Bank.
The Supreme Court stayed the National Consumer Commission's order, which had capped the interest rate chargeable on credit card holders at 30 per cent. The verdict will allow banks to levy any interest rate they consider applicable to card holders. In their appeal, the banks said they were following the guidelines of the RBI, which was the only authority to regulate the fixing of the interest. The commission had no jurisdiction to pass an order directly to the banks.
At least 14 mutual fund schemes have closed down, according to announcements made by fund houses. The reason: they had less than 20 investors in the scheme or a single investor was accounting for more than 25 per cent of the corpus. According to Sebi's guidelines, any scheme should have at least 20 investors. Also, no investor can account for over 25 per cent of the corpus.
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