Page 2 - Hsbc

87% of Indian firms shift focus to domestic amid trade worries: HSBC

HSBC survey shows 87% of Indian firms are pivoting to the domestic market to reduce global exposure amid trade policy uncertainty and rising costs

Private sector business activity rises to 13-month high in May: PMI data

India's private sector output expanded at the fastest rate in 13 months in May, with service providers reporting a 14-month high in activity amid strong new business inflows

Strong hybrids and BEVs cater to distinct buyers, says HSBC report

HSBC report says BEVs and strong hybrids are not cannibalising sales in states with dual incentives; both segments are growing independently with new launches

India likely to see at least 30 GCCs with billion-dollar revenue this year

Data from Pune-based consultancy Wizmatic shows that there were about 24 GCCs with annual revenue of more than $1 billion in FY24; that number is expected to grow by five or six more such players

Amex, HSBC lead foreign banks in net credit card addition in FY25

The two banks added close to 325,000 new credit cards, with the overall banking industry adding 8 million credit cards in FY25

Services sector growth improves in April, helped by new orders: PMI

Companies report 'faster expansion' in employment to meet increased demand

Cognizant names Sailaja Josyula as Global Head of GCC Service Line

IT major Cognizant on Tuesday said it has appointment Sailaja Josyula as Global Head of its Global Capability Center (GCC) Service Line. Based in Hyderabad, she will oversee "the definition and execution" of Cognizant's global GCC strategy, establishing and leading a cross-functional team, a company statement said. "With her extensive experience and proven track record, Sailaja's leadership will boost our ability to build and scale GCCs, delivering great value for our clients," said Surya Gummadi, President, Americas, Cognizant. Josyula has rejoined Cognizant after a brief stint at EY. Between 2018 and 2024, she held several leadership roles at Cognizant, including serving as the Hyderabad Center Head and Global Head of BFSI Operations Delivery. With nearly 30 years of experience, she has also held leadership positions at Thomson Reuters and HSBC.

Reits climb the office ladder even as valuations keep rungs in place

Realty index in the rearview as office demand pulls Reits out of a two-year slump

Leap Finance secures $100 mn debt facility from HSBC to help int'l students

Lack of affordable and flexible financing is one of the biggest challenges faced by many high-quality students in their pursuit of a global education

Manufacturing PMI dips to 14-mth low in Feb as new orders, production fall

Despite slowing to the weakest since December 2023, rates of expansion in output and sales remained elevated, according to a private survey

RBI imposes penalty on HSBC, IIFL Samasta Finance for violating norms

With reference to HSBC's financial position as on March 31, 2023, RBI found that the bank had outsourced the disposal or closure of anti-money laundering (AML) alerts to a group company

HSBC reducing staff numbers by 900 at China Pinnacle unit: Report

The reversal underscores the challenges the Asia-focused bank faces to boost growth and profitability in China at a time when it is slashing costs to boost returns

HSBC to incur $1.8 bn in costs over next two years in CEO's revamp

Europe's largest bank, which has been deepening its push into Asia and some Middle East markets, reported fourth-quarter pretax profit of $2.3 billion

HSBC lays off 40 dealmakers in Hong Kong as part of revamp to cut costs

The job cuts in HSBC's regional hub Hong Kong started on Monday, where at least four managing directors were let go, with three of them based in Hong Kong and one in Singapore

Gold rush: Why JPMorgan, HSBC are pulling bullion from Bank of England

Donald Trump's tariff threats spark huge gold rush from London to New York as prices surge 11% in the US

HSBC plans to unveil $1.5 billion of annual cost savings on February 19

HSBC said that it plans to wind down its M&A and some equities businesses in Europe and the Americas, accelerating a shift towards Asia in its biggest retrenchment from investment banking

January's biz growth at 14-month low due to weak services demand: PMI data

Composite job creation reached an all-time high since the survey's inception in December 2005.

Microsoft's Satya Nadella tops HSBC Hurun Global Indians List 2024

The report highlights the significant global influence of Indian-origin leaders, with 79 per cent of the list's entrants residing in the United States

HSBC India gets RBI approval to open 20 new branches in 20 cities

HSBC India's branches in the country will now go up to 46

Tata Capital raises $400 mn via maiden dollar-denominated bond issue

The non-banking finance company will pay a coupon of 5.3890 per cent on what is its maiden dollar-bond issue