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  • KKR-backed Max Healthcare engages Citi, HSBC, Credit Suisse and Kotak as investment bankers for Rs 1,200 crore QIP Oct 29, 2020 04:32 PM IST

    KKR-backed Max Healthcare engages Citi, HSBC, Credit Suisse and Kotak as investment bankers for Rs 1,200 crore QIP

    Abhay Soi, a first-generation entrepreneur and turnaround expert in the hospitals segment is the Chairman of Max Healthcare. He holds a 23.26 percent stake while co-promoter private equity firm KKR holds 51.94 percent.

  • HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing Oct 09, 2020 12:41 PM IST

    HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing

    While other UK banks such as NatWest have already set similar net-zero goals, HSBC's aim to achieve it across its huge Asia-focused client base is one of the most significant pledges made by a global lender to date.

  • Indian businesses resilient despite COVID-19 impact: HSBC report Jul 21, 2020 01:30 PM IST

    Indian businesses resilient despite COVID-19 impact: HSBC report

    According to HSBC's Navigator report, almost half (46 percent) of Indian businesses covered under a survey felt 'very strongly' impacted by the pandemic, yet more than half (54 percent) felt they were as well prepared as they possibly could be.

  • HSBC's global equities boss Hossein Zaimi to leave bank Jul 17, 2020 05:15 PM IST

    HSBC's global equities boss Hossein Zaimi to leave bank

    Hong-Kong-based Zaimi, who has worked at HSBC for more than 16 years, only took up a supplementary position as co-global head of securities financing in March, shortly after the bank unveiled a new strategy to shrink its Global Banking & Markets division and cull thousands of jobs.

  • Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue Jun 23, 2020 12:30 PM IST

    Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue

    The firm seeks to improve its capital adequacy ratio and debt-to-equity ratio and boost its lending business through this rights issue.

  • HSBC resumes cutting around 35,000 jobs Jun 17, 2020 11:20 AM IST

    HSBC resumes cutting around 35,000 jobs

    The bank will also maintain a freeze on almost all external recruitment, Chief Executive Noel Quinn said in the memo sent to the bank's 235,000 staff worldwide.

  • HSBC warns it could face reprisals in China if UK bans Huawei equipment - the Telegraph Jun 07, 2020 09:21 AM IST

    HSBC warns it could face reprisals in China if UK bans Huawei equipment - the Telegraph

    Tucker made the claim in private representations to British Prime Minster Boris Johnson's advisers, the newspaper reported, citing industry and political sources.

  • HSBC sees double-digit wealth asset growth in Asia by 2023 May 20, 2020 10:40 AM IST

    HSBC sees double-digit wealth asset growth in Asia by 2023

    The Asia-focused lender in February announced the merger of its global private banking and retail wealth businesses to create a new wealth and personal banking unit, part of a radical strategy overhaul at Europe's largest lender by assets.

  • Indospace Core raises Rs 1,000 crore from HSBC to finance existing projects May 13, 2020 03:20 PM IST

    Indospace Core raises Rs 1,000 crore from HSBC to finance existing projects

    Indospace Core has about 13 million square feet land across 14 industrial and logistics parks in Pune, Chennai, Bengaluru and Delhi-NCR.

  • HSBC to buy out life insurance joint venture partner in China May 04, 2020 02:25 PM IST

    HSBC to buy out life insurance joint venture partner in China

    The move will allow London-headquartered HSBC, which gets the bulk of its revenue from Asia

  • HSBC Q1 profit halves on increased loan loss provisions due to coronavirus crisis Apr 28, 2020 11:20 AM IST

    HSBC Q1 profit halves on increased loan loss provisions due to coronavirus crisis

    Europe's biggest bank by assets said profit before tax came in at $3.21 billion for January-March, down from $6.21 billion a year ago and below an average analyst forecast of $3.67 billion compiled by the bank.

  • HSBC appoints Noel Quinn as chief executive Mar 18, 2020 07:56 AM IST

    HSBC appoints Noel Quinn as chief executive

    Quinn, who joined HSBC in 1987, took interim charge of HSBC last August after the shock ousting of John Flint and has been auditioning for the permanent job since, despite media reports that chairman Mark Tucker preferred an external candidate.

  • HSBC appoints Mark Wang as chief executive in China Mar 11, 2020 02:55 PM IST

    HSBC appoints Mark Wang as chief executive in China

    Mark Wang, head of HSBC's China investment banking business, will become China CEO, HSBC said in a statement on March 11.

  • HSBC sends home 100 London staff, confirms China coronavirus case Mar 06, 2020 10:25 AM IST

    HSBC sends home 100 London staff, confirms China coronavirus case

    The bank also has an employee in China with the virus who is in a stable condition, interim Chief Executive Noel Quinn said in an internal memo.

  • HSBC sends over 100 London staff home over coronavirus case Mar 05, 2020 08:20 PM IST

    HSBC sends over 100 London staff home over coronavirus case

    German and British financial regulators have also said they are watching how prepared banks and other institutions are.

  • HSBC files winding up plea against IL&FS firm in Singapore court Mar 05, 2020 02:58 PM IST

    HSBC files winding up plea against IL&FS firm in Singapore court

    The application has been listed for hearing on March 20 and "any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose", the notice said.

  • India retail banking a 'nice oasis' for foreign lenders Deutsche, HSBC, peers Mar 03, 2020 08:05 AM IST

    India retail banking a 'nice oasis' for foreign lenders Deutsche, HSBC, peers

    Easing regulations and a surge in online banking are driving the change, with several overseas lenders increasing investment plans for the country to win affluent clients away from domestic rivals, senior bankers told Reuters.

  • HSBC to axe senior managers in strategy shift: Sources Feb 05, 2020 08:12 PM IST

    HSBC to axe senior managers in strategy shift: Sources

    Quinn's bid to restructure HSBC comes amid slowing economic growth in its major markets, an outbreak of the fast-spreading coronavirus, Britain's protracted withdrawal from the European Union, and lower interest rates.

  • HSBC kicks off year with Hong Kong branches closed, vandalised Jan 02, 2020 01:50 PM IST

    HSBC kicks off year with Hong Kong branches closed, vandalised

    Hong Kong is the bank's single most important market, accounting for just over half of its $12.5 billion pre-tax profits in the first half of 2019, though with the protests tipping Hong Kong's economy into recession, HSBC and its peers are expected to take a financial hit.

  • Consistent performer! Brokerages raise target price for HDFC Bank post Q2 results Oct 22, 2019 10:27 AM IST

    Consistent performer! Brokerages raise target price for HDFC Bank post Q2 results

    The most aggressive target price of Rs 1,700 for HDFC Bank was put out by Morgan Stanley which translates into a rise of nearly 40 percent from Friday’s closing price of Rs 1,229.

  • ACC reports 45% rise in September qtr PAT: time to buy, sell or hold? Oct 16, 2019 11:43 AM IST

    ACC reports 45% rise in September qtr PAT: time to buy, sell or hold?

    Citigroup and CLSA have the most aggressive target price of over Rs 2,000 on ACC Ltd. Citigroup slashed the target price to Rs 2,150 from Rs 2,175 earlier.

  • What should investors do with IndusInd Bank? Brokerages cut target after Q2 results Oct 11, 2019 11:01 AM IST

    What should investors do with IndusInd Bank? Brokerages cut target after Q2 results

    Asset quality has worsened in the September quarter, but experts feel that valuation is attractive at 2.1x FY21 adjusted price-to-book.

  • GDP at 6-year low may be a great long-term opportunity for investors Sep 02, 2019 09:16 AM IST

    GDP at 6-year low may be a great long-term opportunity for investors

    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.

  • 10 companies that reportedly laid off employees in India in 2019 Aug 28, 2019 10:27 AM IST

    10 companies that reportedly laid off employees in India in 2019

    Amid signs of an economic slowdown in 2019, several companies laid off employees, citing several reasons.

  • HSBC lays off 150 employees from back offices in India Aug 22, 2019 06:00 PM IST

    HSBC lays off 150 employees from back offices in India

    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.

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