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HSBC sees inflation below RBI's 2017 target, room for rate cut

HSBC sees inflation below RBI's 2017 target, room for rate cut

Inflation is likely to remain below the Reserve Bank's early 2017 target of 5 percent for the next 12 months, opening up space for monetary easing, says an HSBC report.

HSBC sees room for 0.50% rate cut this fiscal

HSBC sees room for 0.50% rate cut this fiscal

 RBI is expected to go for a 50 basis points rate cut over the remaining months of the fiscal as inflationary pressure is expected to stay contained thanks to good monsoon and falling vegetable prices, says a report.

HSBC, BofA apply blockchain to trade finance, seek more partners

HSBC and Bank of America Merrill Lynch said on Wednesday they had created the world`s first application using blockchain technology to simplify one of the most cumbersome aspects of trade finance.

HSBC profits plunge 45% to $3.61 billion as Brexit uncertainty bites

HSBC profits plunge 45% to $3.61 billion as Brexit uncertainty bites

HSBC posted Wednesday tumbling second-quarter net profit on volatile markets and China`s slowdown, warning it faced "a period of heightened uncertainty" after Britain voted to leave the European Union.

E-commerce could create 12 mn jobs over 10 years: HSBC

E-commerce could create 12 mn jobs over 10 years: HSBC

E-commerce in India is expected to see a significant uptrend in the coming days and could lend a helping hand to the country's job landscape, which needs as many as 80 million new jobs in the next decade, says a report.

India link emerges in $3.5-billion forex trading fraud at HSBC

India link emerges in $3.5-billion forex trading fraud at HSBC

An India link has emerged in the alleged USD 3.5-billion forex trading fraud case at HSBC, where two senior executives have been accused of doing 'front-running' by cheating a client that was selling part-stake in an Indian subsidiary.

47% Indians not saving for retirement: HSBC

47% Indians not saving for retirement: HSBC

Even as financial security after retirement is valued more, a report revealed that 47 percent of working people in India have not started saving for their future or have stopped or faced difficulties while saving.

HSBC says GDP data concerns stay, India to grow slower at 7.4%

HSBC says GDP data concerns stay, India to grow slower at 7.4%

India's economy may grow at a slightly slower pace of 7.4 percent this fiscal amid weaker global demand and risk aversion, says an HSBC report, flagging "methodological concerns" in computation of official GDP data.

HSBC hikes global ranking of India to overweight

HSBC hikes global ranking of India to overweight. Watch complete news story of Share Bazaar Live for getting detailed updates!

HSBC 'overweight' on India, 2016-end Sensex target at 28,500

HSBC 'overweight' on India, 2016-end Sensex target at 28,500

Global brokerage firm HSBC on Monday upgraded India to the 'overweight' status, citing improving domestic indicators and more realistic earnings expectations.

Indian equities over valued; Sensex likely to correct to 26,000 by year-end: HSBC

Indian equities over valued; Sensex likely to correct to 26,000 by year-end: HSBC

Recent market rally may have resulted in upward outlook revision by brokerages, but HSBC feels Indian equities are overpriced and Sensex is in for a correction, which may slump to 26,000 by the end of 2016.

Stocks pricey, Sensex may correct to 26,000 by year-end: HSBC

Stocks pricey, Sensex may correct to 26,000 by year-end: HSBC

Recent market rally may have resulted in upward outlook revision by brokerages, but HSBC feels Indian equities are overpriced and Sensex is in for a correction, which may slump to 26,000 by the end of 2016.

HSBC to close 24 retail banking branches in India, slash 300 jobs

HSBC to close 24 retail banking branches in India, slash 300 jobs

The total number of branches will be coming down to 26 in 14 cities from 50 in 29 cities earlier, with a bulk of impact on presence in smaller centres.

HSBC upgrades India to neutral; 2016 Sensex target at 26,000

HSBC upgrades India to neutral; 2016 Sensex target at 26,000

 Global brokerage major HSBC has upgraded Indian equity markets to "neutral", saying "green shoots" are emerging and has increased its Sensex target for the year to 26,000 from 25,000.

US says banks won't be punished for lawful business in Iran

US says banks won't be punished for lawful business in Iran

US Secretary of State John Kerry tried today to reassure European banks they won't be penalised for conducting or facilitating business with Iran, as he worked to address Tehran's grievance that businesses are still staying away despite the nascent nuclear deal.

Zomato refutes HSBC report; says investors back company's valuation

Zomato refutes HSBC report; says investors back company's valuation

Hitting back at HSBC analysts for marking down its valuation by half at USD 500 million, online restaurant guide and food ordering firm Zomato on Monday said the investors have backed the current valuation.

Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale

Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale

Close to launching an Initial Public Offering (IPO), Vodafone has picked six investment banks, including Kotak, ICICI and UBS, for the over USD 2 billion share sale process, as per media sources.

India faces risk of earnings downgrades: HSBC

India faces risk of earnings downgrades: HSBC

Global brokerage firm HSBC today said it is 'underweight' on Indian equities and sees risk of earnings downgrades going forward as the market is trading at a significant premium

HSBC, RBS and Barclays plan to close 400 UK branches this year: Sources

HSBC, RBS and Barclays plan to close 400 UK branches this year: Sources

Three of Britain`s largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank.