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.
Olympic gold medallist Kelly Holmes would visit India for the January 21 Mumbai Marathon.
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.
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).
Binning Lyngkhoi was the best Indian finisher among men while Lalita Babar successfully defended her title in the women's section in the 10th Standard Chartered Mumbai Marathon in Mumbai.
Photos of the Mumbai Marathon.
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.
Economies the world over are facing different sets of challenges.
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.
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.
The payment is on top of the $340 million it has already paid to the New York State Department of Financial Services.
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.
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.
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.
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.
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.
Last week, Essar had decided to prepay $900 million of this debt to foreign lenders.
Mukesh Ambani is also a member of the Prime Minister's Council on Trade and Industry.
Just as investors abroad can participate in Indian companies' issues through the American Depository Receipt and Global Depository Receipt route, Indian investors can now invest in foreign companies through the IDR. Standard Chartered Bank will be the first IDR issue, opening May 25.
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 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.
Two-time champion and Delhi Commonwealth Games gold medallist John Kelai of Kenya will be the cynosure of all eyes in the upcoming Standard Chartered Mumbai Marathon, to be held on January 16. Kelai, who triumphed in the men's event in 2007 and 2008, is expected to face stiff competition from 2000 Sydney Olympics bronze winner Tesfaye Tola of Ethiopia, Oleg Kulkov of Russia besides compatriots Kiprono Just Kipchirchir and Evans Rutto.
The prize-money for the eight edition of th eevent, which has retained IAAF Gold-label status, has been increased by US $15,000 and will be US $3,25,000.
India's unstable politics and slow pace of reforms add to the downside risks said the bank's note.
Maria Polyzou, the Greek national marathon champion and vice-president of SEGAS, who brought the prestigious Marathon Flame to the city, was excited about her journey to the city.
The loans are backed by a government guarantee.
Banks and financial institutions have proved to be the only ones in corporate India's otherwise dismal gender diversity performance, according to a report published by Standard Chartered Bank.
ANZ had exited from India in 2000 after it sold its Grindlays Bank unit to Standard Chartered Plc.
The RBI has been tightening key benchmark rates since November last year as the country started recovering from the impact of the global economic slowdown.
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.
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.
The Standard Chartered Bank is set to ask three of its executives to go on leave following complaints made by a few high net worth clients on mis-selling of products.
The government's showcase Indian Infrastructure Finance Company Ltd has run into trouble with two leading global banks - Standard Chartered Bank and Calyon Credit Agricole - suggesting that they may not fulfil collective contractual funding commitments of $250 million
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.
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.
The number of Singapore-based companies setting up operations in India, about 350 at present, will double in the next five years, a senior executive of the Standard Chartered Bank in Singapore said.
