Page 2 - Hsbc India

Listing of MNCs, subsidiaries to remain a key theme for IPOs: Ranvir Davda

ECM activity has rebounded sharply over the last couple of months, with significant pickup in IPOs and block deals, says Davda

Manufacturing PMI slows to 3-month low of 57.6 in May, demand still strong

Manufacturing PMI May 2025: Although new orders and production continued to rise, the rates of growth softened to three-month lows

Indian firms shifting focus to domestic market because of trade war: Survey

The ongoing tariff wars seem to have triggered a rethink among Indian businesses, and a growing number of entities are shifting focus to prioritize domestic markets, a survey of 250 entities released on Thursday said. "Indian firms are rethinking their trade strategies to adapt to evolving market dynamics, with 87 per cent of firms pivoting their focus toward domestic clients, prioritizing local customer needs to ensure stability," the survey of entities having turnovers between USD 50 million-2 billion, said. Over three-fourths of the respondents said that they are reassessing their long-term business strategies in response to changes in trade policies, as per the survey conducted by foreign lender HSBC. Four-fifths of the respondents said they are exercising greater caution in expansion and investment decisions due to trade-related uncertainties. US President Donald Trump has taken a slew of measures on the trade policies front to protect domestic interests, which are different f

Hybrid vehicles complementing growth of EVs in India: HSBC report

Hybrid vehicles have complemented the growth of electric vehicle sales in India rather than competing with the latter, according to a report by HSBC Global Research. Reiterating that the Indian automotive landscape will remain a multi-powertrain industry over the medium to long term, HSBC Global Research said hybrids, CNGs, and biofuels are practical medium- to long-term solutions, while the country moves towards eventual electrification. "We think Strong Hybrid Electric Vehicles (SHEVs) and Battery Electric Vehicles (BEVs) are not cannibalising each other but, rather, are attracting different sets of customers," the report said. In states where incentives are offered for SHEVs, BEV sales have also seen strong growth, it added. "In FY25, the growth in EV sales was similar to the growth in SHEV sales, despite incentives being offered on SHEVs by Uttar Pradesh, the largest PV-selling state in India. This trend suggests that SHEV adoption is having a positive effect on BEV sales," the

HSBC India's profit before tax rises 11.27% to $1.68 billion in 2024

HSBC India ranks just behind the UK and Hong Kong in terms of profit, as mainland China and Canada saw elevated profits due to one-time gains and profits from associates

HSBC Taj Credit Card is here for India's luxury enthusiasts, travel buffs

Launched in collaboration with Visa, the HSBC Taj metal co-branded credit card is specially curated for those who appreciate finer life experiences and services and are seeking unparalleled luxury

HSBC India launches premium credit card Prive for private banking clients

The bank has unveiled its first premium credit card, HSBC Prive, designed with privileges exclusively curated for its private banking clients

HSBC Prive: Premium credit card exclusively curated for India's HNIs, UHNIs

With a growing population of UHNWI and HNWI in India, HSBC Prive aims to cater to this elite group's appetite for luxurious experiences, seamless travel, and exceptional lifestyle privileges

Stocks, bonds, real estate: Where do India's rich entrepreneurs invest?

Unemployment, corruption, inflation and taxation are the biggest worries of the wealthy Indian entrepreneurs. However, three out of four (75 per cent) feel supported by the government

'India a strategic priority for global banks': Foreign bank heads at BFSI

Heads of India's leading foreign banks discuss the key to success on Indian turf in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

Fund pick: HSBC Value Fund, a steady drumbeat of value creation

In the past three years, the fund has dynamically adjusted its allocations across market capitalisations while predominantly investing in largecap stocks

Demand drivers likely to sustain Reits' outperformance and growth

Home stretch for real estate investment trusts as strength of the office leasing market and Q2 results show endurance

HSBC appoints Pam Kaur as first female CFO, announces major restructuring

HSBC did not say what the projected cost savings might be or indicate how many jobs would be affected, but more details could emerge when the bank reports third-quarter results on Oct. 29

Now, Indians can send tuition fees to 600+ universities abroad via HSBC app

HSBC's Global Education Payments service allows customers to pay tuition fees directly to over 600 international universities through its mobile banking app

HSBC India starts global education payments; direct payments to 600 univ

HSBC India on Monday launched global education payments to enable Indian students and the bank's customers to pay fees directly to more than 600 international universities and colleges. Aiming to simplify the process of foreign currency payment, it provides students and their families a completely digital experience when making tuition payments for their overseas education, the bank said in a statement. With this new feature on the HSBC India mobile banking app, customers can select the country or territory and the university and get pre-loaded, pre-verified account details of the university, it said. They can then add student details, upload loan documents, make a payment request instantly and securely through the mobile app and benefit from reduced remittance costs compared to other international education payment options available. *** Piramal Finance partners with Digital India's Common Service Centers * Piramal Capital & Housing Finance Ltd (Piramal Finance), a wholly-owned

Nifty IT up after Fed signals rate cut; HSBC cautions on midcap IT stocks

Nifty IT up 1.77 per cent intraday after US Fed signals rate cut in September. HSBC believes mid-tier IT is not so strong.

HSBC shares rise on $3 bn buyback; flat first-half profit beats estimates

Europe's largest bank forecast its return on average tangible equity - a performance target - to be in the mid-teens in 2025, matching its estimate for 2024

Ahead of JP Morgan's inclusion, HSBC sees $250 mn of India swap deals

The British bank, via its unit in the International Financial Services Centres Authority, carried out the so-called total return swap deals worth more than $250 million

May services growth at five-month low as domestic demand weakens

HSBC India Services PMI says firms optimistic and hiring up as input costs rise

HSBC CEO Quinn announces surprise retirement, banks looks for successor

One of the main tasks for Quinn after he took over was to improve returns for shareholders, and he sought to do that by shrinking the bank's footprint in non-profitable markets