Hsbc

The service supports card transactions, including Mastercard, Visa, and RuPay, along with Unified Payments Interface (UPI), net banking, and other payment methods, which will be rolled out in a phased manner

HSBC upbeat on cement sector, raises target price by up to 45% for five stocks; UltraTech top pick

HSBC expects demand recovery in the sector from the second half of FY26 as government spending will likely boost annual demand growth and sees rise in prices from November onwards

HSBC asks managing directors to work in office four days a week

Five years after the global pandemic fueled an unprecedented boom in remote work, bank executives have become ever more vocal in their insistence that workers should return to the office

Why is it so hard to replace HSBC’s Mark Tucker?

The years of a FTSE 100 chairmanship being a nice way to avoid boredom in semi-retirement are long gone

July Manufacturing PMI hits 17-1/2-year high in a sign of robust growth momentum

This PMI surge marks a significant acceleration from 58.4 reading in June, and indicates a robust improvement in factory operating conditions, supported by a surge in both domestic and international demand.

HSBC maintains 'buy' on Biocon shares after Rs 4,500 crore QIP boost, stock gains 2%

HSBC noted that Biocon's QIP launched to repay debt will ease leverage; but, scaling and creating new biosimilars remains critical for the firm's turnaround.

HSBC bullish on life-insurance stocks as earnings risk appear low, prefers HDFC Life

HSBC remains upbeat on India’s life insurance sector, citing low earnings risk and supportive valuations. With a preference for HDFC Life among its top picks, the brokerage sees sector-wide tailwinds such as easing rates, improved product mix, and growing interest in non-linked offerings bolstering growth in FY26.

HSBC cuts dozens of analyst jobs in investment banking overhaul

As part of the changes, the London-based bank is combining macro strategy across asset classes including foreign exchange and fixed income

Private sector activity eases in March to 58.6; business confidence hits 7-month low

The HSBC Flash India Composite PMI has stayed above the 58 mark for the second consecutive month after dipping to 57.9 in January

HSBC flags concerns over likely EV policy changes, sees disadvantage for Indian automakers

While India currently imports only around 8,000 EVs annually, HSBC warns that such a policy shift could create long-term investment concerns for ICE automakers, potentially impacting the broader domestic auto industry.

World Street | China holds rates, HSBC’s $2B buyback, Pentagon’s budget shuffle, KKR’s Thames Water bid, and more

From China holding interest rates steady to HSBC’s $2 billion buyback and the Pentagon’s $50 billion budget shift, here's a look at some of the major developments from across the world.

M&M shares extend fall as UBS stays 'neutral' despite strong Q3 show

M&M share price: The tractor segment will likely see better growth, particularly in southern India. Despite the overall weak demand in the passenger vehicle segment, HSBC appreciates M&M’s diversified business model.

HSBC downgrades Indian stocks to 'neutral', slashes 2025-end Sensex target by 5%: Here's why

HSBC slashed its 2025-end target for BSE Sensex by nearly 5,000 points from 90,520 to 85,990

There Should Be No Such Thing As Poverty In India, Says HSBC India CEO Hitendra Dave | MC Exclusive

In an MC Exclusive, HSBC India CEO Hitendra Dave speaks to Bodhisatva Ganguli about HSBC India's ambition, on its wealth, premier proposition, globality and much more. Watch the entire interview of Hitendra Dave who believes that HSBC is banker for the affluent, for the wealthy and for the internationally oriented.

UK-India business boosted by prospect of trade deal, HSBC says

While a deal is still far from nailed on, Prime Minister Keir Starmer — who ousted Rishi Sunak’s Conservatives in July — will welcome the rise in Indian interest in the UK indicated by HSBC’s figures.

HSBC’s CEO eyes $3 billion in potential savings from overhaul

HSBC is merging commercial banking into global banking and markets, while also hiving off its Hong Kong and UK businesses into standalone entities, and creating a new premier banking and wealth unit

HSBC cuts target price for Titagarh Rail on execution delays

HSBC's revised target price of Rs 1,425 indicates a potential upside of nearly 18 percent from Titagarh Rail's last closing price.

HSBC managers are competing to keep their jobs in CEO’s revamp

The process will result in the British bank beginning to dismiss several hundred managing directors and other senior bankers in the coming weeks, the people said, asking not to be identified discussing private deliberations.

HSBC books 10% profit rise for third quarter, launches $3-bn buyback

The lender unveiled a roadmap for its sweeping restructuring under new CEO Georges Elhedery designed to control costs and improve efficiency

HSBC maintains ‘Buy’ rating on Ola Electric; cuts stock target price to Rs 110

HSBC analysts revisited service centres after a month to find notable improvements, highlighted need for further enhancement

HSBC revamp by new CEO Elhedery stumps staffers, investors alike

There was, for instance, no sense of how many jobs might be on the chopping block as the lender merged two of its largest businesses and axed some of its longtime regional divisions.

HSBC appoints Pam Kaur as first female CFO; announces restructuring

Effective January 1, 2025, the company will restructure its operations into four distinct business lines: Hong Kong, UK, Corporate and Institutional Banking, and International Wealth and Premier Banking

ONGC shares slip as HSBC downgrades stock to 'Reduce' on falling oil prices

ONGC has been facing pressure since Brent crude prices dropped below $75 per barrel mark earlier this month following the OPEC's decision to lower its demand outlook for 2024 and 2025. So far in September, ONGC shares have declined by nearly 14 percent.

World Street | Blackstone's new buyout, China warns Japan, South Korea PMI and more

From HSBC's new CEO to France's Atos' weak growth guidance, here’s a look at recent business developments around the world.

Ola Electric falls 22% in 5 sessions after stock doubles post market debut; m-cap erodes by Rs 11,000 cr

Ola Electric's market capitalisation has reduced to Rs 53,327 crore as on August 26, compared to a Rs 64,411 crore on August 19