StanChart’s Jose Vinals predicts economic recovery led by Asia in late 2020; says most economies to suffer negative growth rates
StanChart's annual investor meeting was closed to shareholders in line with government restrictions to control the spread of the new coronavirus.
Zoom in March had about 200 million people using its system every day, up from 10 million last year.
Facebook said that out of an abundance of caution, we have taken steps to protect the health and safety of our employees.
Average wealth expectancy of affluent Indians is just Rs 3.6 cr; to receive Rs 93,000 per month during retirement: Report
Wealth Expectancy Report 2019 examines the saving and investment habits of 10,000 emerging affluent, affluent and HNWIs across 10 fast-growing economies.
Hong Kong banks gird for online-only onslaught with high deposit rates, low fees, snazzy branches, fee waivers
The digital banks plan to begin by offering services such as savings accounts, credit cards, personal loans, foreign exchange and travel insurance.
NCLAT rejects Prashant Ruia's plea to block ArcelorMittal; approves bid for Essar Steel with modification
Essar Steel director Prashant Ruia had challenged that order saying ArcelorMittal was ineligible to bid under Section 29A of the Insolvency and Bankruptcy Code as it was associated with delinquent or loan defaulting firms.
Arcelor paying Rs 39,500 cr to acquire Essar Steel, not Rs 42,000 cr, alleges Standard Chartered counsel
Orissa Slurry Pipeline Ltd, he said, is a separate entity owned by SREI Infrastructure and Essar Steel, and was not part of the original offer to sell Essar Steel.
Standard Chartered has been operating under deferred prosecution agreements with US authorities since 2012
NCLAT gives conditional nod to ArcelorMittal's Rs 42,000 crore resolution plan for debt-ridden Essar Steel
NCLAT said there is no stay on the Resolution Professional of Essar Steel to disburse the funds among financial and operational creditors of the company
Essar Steel takeover: NCLAT refuses stay on NCLT nod to ArcelorMittal plan; seeks fresh distribution plan for bid amount
Making a suggestion, the NCLAT said all operational creditors below Rs 1 crore should get 100 per cent of the dues and so should the employees of Essar Steel.
Standard Chartered is bulking up for a bigger share of the Middle East market at a time when others are also expanding to tap the growing client base.
India is Asia's most investment savvy economy and more than two-thirds of the country's affluent class prefer to use various investment products
PNB fraud: India's largest law firm Cyril Amarchand Mangaldas being scrutinised for concealing 'incriminating documents'
PNB in January alleged that billionaire diamond jeweller Nirav Modi and his uncle Mehul Choksi had for years fraudulently raised billions of dollars in foreign credit by conspiring with staff at the bank
Standard Chartered is the second bank whose BG have been barred by DoT. The department has earlier barred BGs issued by Axis Bank for Aircel.
Barclays Plc is not exploring a merger with other banks, sources said, dismissing a report that said Barclays was considering a deal with Standard Chartered
A master policy is typically issued in the country where a company is headquartered, while affiliates often need coverage in other countries that impose varying rules, documentation, and payment terms.
Bankers had been circling both sides of the telecoms mega-merger since it was first mooted late last year, when competition in the sector accelerated dramatically. In India, deals worth more than $1 billion are rare.
Idea Cellular, part of India's metals to financial services Aditya Birla conglomerate, is likely to rope in StanChart and some Indian boutiques to work on the transaction
The Indian economy is expected to clock a GDP growth of 7.4 per cent this fiscal largely driven by the lagged impact of a good monsoon and increased consumer spending, supported by pay commission awards, a Standard Chartered report says.