Hsbc Holdings Plc

RBI rate cut may be further delayed: Citi

he RBI time again indicating that its priority is inflation and the economy may have to sacrifice growth to bring down inflation, it is very unlikely that the central bank will cut its policy rate in the next policy review on 31 July.

Now, HSBC lowers India GDP forecast to 6.3 percent

Banking major HSBC has lowered India's GDP forecast to 6.3 percent from the previous forecast of 7.5 percent on administrative hurdles and policy paralysis.

3 reasons why GDP data is likely to disappoint today

While 6.1 percent would be the envy of most developed nations, it is the lowest growth rate for India in almost three years

March services PMI at 5 month low on poor biz sentiment

HSBC Markit Business Activity index fell sharply to 52.3 in March from 56.5 the previous month, though it remained above the 50 level that divides growth from contraction for a fifth month.

I-T dept may prosecute HSBC bank in black money cases

Income Tax department received more than 700 names in a list of black money account holders in HSBC bank in Geneva and is now mulling prosecution against the bank.

Barclays ropes in HSBC's Vivek Gupta as trade finance head

Banking major Barclays appointed Vivek Gupta as the country head of trade finance. Gupta comes from HSBC he was heading the business development team working out of Singapore.

Marks & Spencer to offer in-store banking service

The store plans to open 50 such branches in the next two years across the UK and expects to create 500 new jobs by end of 2013, it said in a statement.

China February trade deficit at $31.5 billion as imports leap

Exports grew at 18.4 percent, undershooting expectations of 32 percent growth, while imports came in well ahead of forecasts of 27 percent growth to their strongest in 13 months as factories returned to full time work after January's week-long Lunar New Year shut down that delayed shipments.

India's Feb PMI slides to 56.6, but new orders touch 10-month high

The PMI survey, showing continued strength, is at odds with official data which points to a prolonged slowdown in the manufacturing sector and the wider economy.

Direct jet fuel imports: states will lose Rs 3k cr in sales tax

The rate of sales tax on jet fuel varies across different states - between 4 percent and 30 percent.