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    • Fiscal deficit management may guide Re direction: StanChart

      Fiscal deficit management may guide Re direction: StanChart

      For the lone foreign wolf on Indian shores, Standard Chartered, the finance minister’s proposal to allow two-way fungibility in Indian Depository Receipts (IDRs) announced in Budget 2012 came as a major boost.

    • Budget 2012-13: Sensex loses over 150 pts; Standard Chartered shoots up 20%

      Budget 2012-13: Sensex loses over 150 pts; Standard Chartered shoots up 20%

      The BSE Sensex fell more than 300 points from day's high while the bond 8.79% 2012 yield moved up by 0.93% to 8.44. The fall was majorly led by oil & gas, power, capital goods, metals and banks; respective indices were down 1.5-3%.

    • Sell Standard Chartered IDR: Ranak Merchant

      Sell Standard Chartered IDR: Ranak Merchant

      Ranak Merchant of Sushil Finance advised selling Standard Chartered IDR.

    • Credit Suisse, Deutsche Sec offload shares of StanChart IDR

      Credit Suisse, Deutsche Sec offload shares of StanChart IDR

      Standard Chartered IDR (Indian Depositiary receipts) - only listed IDR on Indian stock exchanges - have seen heavy sell-off on Monday due to no arbitrage opportunity. A share closed down 17.53% at Rs 94.55.

    • India is no. 1 profit centre for StanChart Group

      India is no. 1 profit centre for StanChart Group

      India has become the largest profit centre for multinational bank Standard Chartered plc, recording a profit before tax of USD 1.2 billion for 2010, against USD 1.06 billion in 2009.

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