Asset quality has worsened in the September quarter, but experts feel that valuation is attractive at 2.1x FY21 adjusted price-to-book.
Mark Mobius feels this is a good time to invest in India with a long-term view and India is right at the top of his list.
Amid signs of an economic slowdown in 2019, several companies laid off employees, citing several reasons.
The move comes weeks after German lender Deutsche Bank also started laying off employees supporting global operations as part of the exit from the equities business.
Incoming chairman Symonds is currently deputy group chairman at banking group HSBC, where he has also been an independent non-executive director since April 2014.
The most aggressive target price on Infosys was put out by Citigroup at Rs 820 that translates into an upside of little over 12 percent from July 12 closing
Fed Chairman Jerome Powell on July 10 paved the way for the first US rate cut in a decade, pledging to "act as appropriate" to defend an economic expansion threatened by trade disputes and a global slowdown.
The survey on more than 2,500 companies across 14 markets in the world showed that businesses in India are very optimistic about their growth prospects, despite subdued macro-economic conditions.
As many as 500 jobs are on the chopping block and expected by mid-June.
The clincher here is that NRI earnings are not taxable in India and hence the charge of tax evasion would not hold water.
Europe's biggest bank by assets will boost headcount at its technology centres in Guangzhou, Shanghai and Xi'an by 14% from a current 7,000-strong workforce.
The bank said reported operating expenses dropped 12% in the March quarter.
Its shares fell 3 percent and analysts cut their forecasts as HSBC reported a drop in fourth-quarter revenue amid tumbling stock markets that sapped customer's confidence in investing.
Market corrections in late 2018 took a toll on HSBC and many other banks. Net profit in the October to December quarter was $1.5 billion.
On pages festooned with pink heart drawings, the 'FOR HIM' section offers discount laptop computers as well as a GoPro camera and wireless headphones, while the 'FOR HER' gifts include five different vacuum cleaners, a blender and a kitchen water tap.
Most global brokerage firms see another rate cut by the central bank but at the same time suggested investors remain cautious as transmission of rates will be the key.
Zee Entertainment enjoys the top spot in most of the brokerage house portfolios. CLSA, which has the most aggressive target of Rs 670, sees an upside of over 40% in stock
India is one of the fastest growing markets in Asia, with MSCI India EPS growth consensus -- a design to measure large-, mid- and small-cap segments of the stock market, seen at 18.8 percent in 2018 and 24 percent in 2019, HSBC said in a note titled "The Flying Dutchman".
Valuations are more reasonable and we see continued strong earnings growth in 2019, said HSBC
The blockchain-enabled letter of credit transaction facilitated a shipment between Reliance and the US-based Tricon Energy, a joint statement issued by HSBC India and Reliance said.
The RBI is likely to increase the repo rate by 25 basis points in the upcoming monetary policy review as inflation is expected to accelerate further due to higher crude prices and the weakness in rupee
“I think the fact that the currency has weakened in this calendar year or so by and large in my view at least is a good thing," said Hitendra Dave of HSBC India.
The lender's private banking expansion plan in Asia, which accounted for 75 percent of group-level profit last year, comes as the unit that caters to the rich is focusing once more on growth after years of painful restructuring.
The lack of saving is likely linked to low knowledge of how much money is needed in retirement, as well as many prioritising their immediate financial situation over planning for their older years
Rosha, currently HSBC's Head of Financial Institutions Group (FIG) for Asia-Pacific, will succeed Jayant Rikhye, who is taking a leave of absence for medical reasons, a company statement said.