HSBC

  • Doha Bank to purchase HSBC Bank Oman business in India 19-04-2014 11:39 AM

    Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter's banking business in India. HSBC Bank Oman is an indirect 51 per cent owned subsidiary of HSBC Holdings plc. Chairman of Board of Directors of Doha Bank, Sheikh Fahad Bin Mohamed Bin Jabor Al...
  • Bhullar finishes at tied 63rd as Johnson wins title 04-11-2013 10:15 AM

    Shanghai: Gaganjeet Bhullar finished final day with a disappointing two-over 74 as he totalled a poor one-over 289 to finish a lowly tied 63rd at the end of the WGC-HSBC Champions on Sunday. It was indeed disappointing for Bhullar, who at one stage was as high as tied fourth towards...
  • Dustin Johnson pulls away for first World Golf Championship 03-11-2013 02:28 PM

    Shanghai: Against an all-world cast of contenders, Dustin Johnson pulled away with power and a clutch putt to win his first World Golf Championship on Sunday. Johnson played a pivotal five-hole stretch on the back nine in 5-under par, seizing control by pitching in for eagle from just short of...
  • Johnson takes the lead after second round 63 at WGC-HSBC Champions 02-11-2013 04:12 PM

    Shanghai: For 16 holes, Dustin Johnson looked like the player who has won every year since turning pro and has played on two Ryder Cup teams. Starting the third round of the HSBC Champions with a five-shot lead, he blasted his way to 10 birdies and was running away from...
  • Bhullar drops with late bogeys in second round 01-11-2013 07:53 PM

    Shanghai: Gaganjeet Bhullar came crashing to the ground with three bogeys in a row at the very end of his second round to drop down to tied 18th at the halfway stage of the WGC-HSBC Champions here on Friday. Bhullar, who was going great guns at four-under after 12 holes,...
  • Gaganjeet Bhullar eyes upset after opening 69 at WGC-HSBC Champions 31-10-2013 04:35 PM

    Shanghai: India's Gaganjeet Bhullar is hopeful of causing an upset after he opened his campaign with a three-under-par 69 to take a share of eighth place at the USD 8.5million WGC-HSBC Champions here Thursday. Although Bhullar trails first round leader Rory McIlroy of Northern Ireland by four shots, India's sole...
  • Rory McIlroy finds form to surge clear of WGC field 31-10-2013 04:26 PM

    Shanghai: Rory McIlroy enjoyed one of his best rounds of a disappointing season to storm into a two-shot lead over a star-studded field at the $8.5 million WGC-HSBC Champions tournament on Thursday. Displaying a deft short game with a new lob wedge, McIlroy reeled off eight birdies en route to...
  • Bhullar seeks rise in world rankings at WGC-HSBC Champions 29-10-2013 12:25 PM

    Shanghai: Rising Indian golfer Gaganjeet Bhullar is hoping to improve his world rankings with a good finish on the leaderboard this weekend when he tees up for his third appearance at the WGC-HSBC Champions which begins on Thursday. Bhullar is currently ranked 185 in the world and is eyeing a...
  • HSBC to exit India retail broking; 300 jobs to be cut 17-10-2013 09:13 PM

    London-based HSBC said on Thursday it will exit its retail broking business in India, the latest global bank to scale back operations in the country. About 300 jobs will be cut as a result, a spokesman said. A source involved in the process said the bank decided to exit the...
  • Cabinet likely to take up IOC disinvestment proposal at the CCEA on Thursday 24-07-2013 02:55 PM

    New Delhi: The Cabinet, on Thursday, is likely to consider the proposal for sale of 10 per cent of government's stake in Indian Oil Corporation (IOC), which may fetch over Rs 4,300 crore to the exchequer at the current market price. "IOC disinvestment proposal is likely to come up for...
  • Govt may issue NRI bonds soon to check rupee fall: HSBC 21-07-2013 11:40 AM

    New Delhi: With rupee continuing to be weak against the dollar, an NRI bonds issue may become imminent soon to contain its free-fall that has already impacted the Indian economy, HSBC country head Naina Lal Kidwai said. Government has used NRI bond issue as a tool to stem rupee fall...
  • Sensex ends 98 points up on FDI liberalisation; HUL, NTPC rally 17-07-2013 09:20 AM

    Mumbai: The BSE benchmark Sensex on Wednesday rose by nearly 98 points led by gains in bluechips, including HUL, NTPC and Wipro, buoyed by government's decision to liberalise FDI norms in a dozen sectors. The 30-share index started the day on a firm footing at 19,970.02, higher by 118 points...
  • Is the violation of banking norms far more widespread than believed? 18-06-2013 11:32 PM

    After the Reserve Bank of India (RBI) fined ICICI, HDFC and Axis banks for flouting customer norms, highlighted by a Cobrapost expose, the latest sting operation by the online magazine exposes how some employees in two foreign banks in India have also been involved in accepting black money and agreeing...
  • StanChart, HSBC officials caught on camera offering to launder money 18-06-2013 10:00 PM

    New Delhi: After the Reserve Bank of India (RBI) fined ICICI, HDFC and Axis banks for flouting customer norms, highlighted by a Cobrapost expose, the latest sting operation by the online magazine exposes how some employees in two foreign banks in India have also been involved in accepting black money...
  • HSBC may cut 14,000 more jobs as revenue faces pressure 15-05-2013 08:10 PM

    London: HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. London-headquartered HSBC is seeking up to $3 billion in additional annual savings by 2016, on top of $4 billion...
  • Indian hedge funds dare where foreign investors fear 29-04-2013 09:14 AM

    Mumbai: Indian hedge fund manager Kalpesh Kinariwala is so sure of his equity strategies in a country that has stumped foreign rivals that he sends a daily e-mail tracker of his performance - including to competitors. Kinariwala's Capveda Capital (India) Advisory fund, which he runs from a modest office in...
  • We welcome new banks and more competition: HSBC India 19-12-2012 12:51 PM

    HSBC Indian Country Head Naina Lal Kidwai says new players in the sector will help doing things in an innovative way. ...
  • Black money: I-T approaches Swiss authorities 18-11-2012 11:30 AM

    New Delhi: The Income Tax department, probing the secret list of account holders in the Geneva branch of HSBC bank, has approached Swiss revenue authorities for banking data of certain individuals after investigations showed some of them reportedly had other accounts under fictitious names. The department, which approached the Finance...