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.
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.
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.
India's unstable politics and slow pace of reforms add to the downside risks said the bank's note.
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.
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.
ANZ had exited from India in 2000 after it sold its Grindlays Bank unit to Standard Chartered Plc.
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.
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.
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 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.
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.
The resolution recognised the contribution of sports in creating an atmosphere of tolerance and understanding among peoples and nations, its role to prevent and counter terrorism and violent extremism and its contributions to building resilience against radicalisation to violence and terrorist recruitment.
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
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.
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
Bikash Mohapatra chats up with Australian athletics legend Cathy Freeman, event ambassador for the Standard Chartered Mumbai Marathon.
Indian depository receipts (IDR) are set to get going after a long gestation period of six years with Standard Chartered Bank filing a red herring prospectus to raise up to $750 million.
'Most young taxpayers prefer income tax filing to be flexible yet straightforward.'
As inflation rate is near the upper limit of the comfort zone, experts rule out rate cuts anytime soon
Loss of sight after suffering a paralytic stroke more than a decade ago has not dimmed the enthusiasm of Kenyan long distance runner Henry Wanyoike. In fact, he has overcome enormous odds to live an athletics dream. 'I lost my sight, but not my vision. I have achieved without sight what I dreamt when I could see,' said the visually impaired Wanyoike, ahead of his participation in the Standard Chartered Mumbai Marathon this Sunday.
Faced with a rising number of customer complaints on excessive charges, the Reserve Bank of India has asked the Indian Banks' Association to come up with guidelines on what the reasonable charges should be.
The city on Sunday became the first-ever destination, outside Europe and the United States, to host the "Marathon Flame" in the lead up to the seventh Standard Chartered Mumbai Marathon to be held on January 17.
Even after UBS Global Asset Management's $220 million deal to acquire Standard Chartered Bank's mutual fund management business in India fell through, the Swiss financial services giant exuded confidence that it will beef up its asset management business operations in the sub-continent.
The move comes at a time when four foreign banks - Standard Chartered, Hongkong and Shanghai Banking Corporation, American Express and Citibank -- have moved the Supreme Court with a special leave petition and the hearing for admission of SPL is on September 8. The committee is, however, expected to wait till the Supreme Court decides on the issue before finalising its recommendations. The committee is, however, expected to wait till the Supreme Court decides on the issue.
The ministry informed the tribunal that former head of ILFS Financial Services Ramesh Chandra Bawa withdrew/transferred Rs 1 crore and Rs 14 lakh from Axis Bank accounts in two instances which are in violation of the December 3, 2018 order of the tribunal which had frozen these accounts.
Standard Chartered and IL&FS Investment Managers are close to signing an agreement to raise a $1 billion India-focused infrastructure private equity fund.
In view of India's faster industrial growth and improved business confidence, UK-based Standard Chartered Bank (SCB) on Tuesday revised upwards its forecast for the country's economic growth to 8.1 per cent for the current fiscal.
For the first time since its inception eight years ago, the US $325,000 Standard Chartered Mumbai Marathon will be run on January 16 without the blessings of the Athletics Federation of India. 'They have been invited but there's what I will call a lack of response. But the marathon has the gold label status from the IAAF (international athletics body),' said race director Hugh Jones at a media conference in Mumbai on Tuesday.
VMIL officials declined to comment on the development. According to sources close to the development, VMIL will sell stake to raise money for expanding Hungama, the content and mobile services arm. The Mumbai-based company has already held two to three rounds of meetings with these private equity investors. The company's valuation has been pegged at Rs 800 crore (Rs 8 billion). The funds raised would be used for Hungama's expansion.
Post the transaction, Tata Motors will own 40 per cent stake in Telcon, while Hitachi will have 60 per cent, the company said.
IDFC is merging its Portfolio Management Services business with the newly-acquired Standard Chartered Mutual Fund to sell MF products targeting high net worth individuals. The company is also planning products that offer infrastructure as an asset to investors.
Standard Chartered, the UK-based emerging markets bank, and ArcelorMittal, the world's largest steel company, are considering listing in India using a domestic depositary receipt programme. The proposed listings are still at an exploratory stage.
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