HSBC

  • Rs 4479 crore in Indians' HSBC-list accounts: SIT on black money December 12, 2014

    New Delhi In first major disclosure about money held in Swiss banks, government on Friday said Rs 4,479 crore is held in the accounts owned by Indians, who figured on the HSBC List, and the Income Tax Department has initiated action against 79 of such account holders. Besides, the tax department...
  • Anirban Lahiri signs off with mixed emotions at WGC-HSBC Champions November 9, 2014

    Shanghai: India's Anirban Lahiri wrapped up his challenge at Asia's richest tournament with a two-under-par 70 amid challenging conditions at the $8.5 million WGC-HSBC Champions on Sunday. Lahiri's four-day total of even-par 288 saw him finish tied for 28th place and brought about mixed emotions for the five-time Asian Tour winner,...
  • Bubba Watson magic secures Shanghai title in playoff November 9, 2014

    American Bubba Watson notched his first victory outside the United States in fine style at the $8.5 million WGC-HSBC Champions tournament on Sunday. Masters champion Watson added another big title to his resume when he sank a "once-in-a-lifetime" 30-yard bunker shot for eagle at the par-five 18th to earn a spot...
  • Bubba Watson and Tim Clark in WGC-HSBC Champions playoff November 9, 2014

    American Bubba Watson drained a 30-yard bunker shot for eagle at the final regulation hole to earn a spot in a two-man playoff with Tim Clark at the WGC-HSBC Champions tournament on Sunday. The Masters champion shot 70 to join South African Clark (69) at 11-under-par 277 at Sheshan Golf Club,...
  • Anirban Lahiri struggles to 74, slips to tied 34th at WGC-HSBC Champions November 8, 2014

    Shanghai: It was once again a struggle for Anirban Lahiri as he laboured to a two-over 74 and slipped to tied 34th, down from overnight 27th, at the WGC-HSBC Champions golf at the Sheshan International Golf Club. Northern Ireland's Graeme McDowell is leading the field by one after adding a 71...
  • Graeme McDowell maintains one-shot lead in Shanghai November 8, 2014

    Graeme McDowell continued to lead the way but his advantage was trimmed to one stroke after the third round at the $8.5 million WGC-HSBC Champions tournament on Saturday. The Northern Irishman battled to a one-under-par 71 after starting the day with a three-shot advantage on the difficult Sheshan course. He posted an...
  • Anirban Lahiri fights back at WGC-HSBC Champions November 7, 2014

    Shanghai: Indian golfer Anirban Lahiri got his campaign back on track after a second round two-under-par 70 at the $8.5 million WGC-HSBC Champions on Friday. The five-time Asian Tour winner cut a frustrated figure after he opened with a 74 but stayed resolute and bounced back with a two-day total of...
  • Anirban Lahiri positive despite opening 74 at WGC-HSBC Champions November 6, 2014

    Shanghai: India's Anirban Lahiri was left to rue a costly double bogey which consigned him to a first round two-over-par 74 at the $8.5 million WGC-HSBC Champions on Thursday. The five-time Asian Tour winner trails opening round leader Graeme McDowell of Northern Ireland by seven shots but is confident of reducing...
  • Graeme McDowell leads by two after first round in Shanghai November 6, 2014

    Northern Irishman Graeme McDowell made a flying, seven birdie start to grab a two-shot lead after the first round of the $8.5 million WGC-HSBC Champions tournament on Thursday. McDowell coped well with a fluctuating breeze and thick rough at Sheshan Golf Club to fire a five-under-par 67 after two late bogeys...
  • Adam Scott, Martin Kaymer ready to pounce in absence of McIlroy in Shanghai November 5, 2014

    World number two Adam Scott is ready to take advantage of the absence of Rory McIlroy at the $8.5 million WGC-HSBC Championship tournament starting on Thursday. Australian Scott is part of a stellar field that includes 40 of the top 50 players in the world at the only World Golf Championships...
  • Anirban Lahiri confident about WGC-HSBC Championship November 5, 2014

    Shanghai: Indian golfer Anirban Lahiri is confident he will stand tall among the giants when he tees off at the WGC-HSBC Championship which begins at the Sheshan International Golf Club on Thursday. The $8.5 million tournament, which is also the final World Championships event of the year, will feature 40 of...
  • Factory activity expands at a modest pace in October: survey November 3, 2014

    Bengaluru: Indian factory activity expanded at a modest pace in October, as stronger demand led manufacturers to add jobs for the first time in four months and allowed them to raise prices, a business survey showed on Monday. The HSBC Manufacturing Purchasing Managers' Index (PMI), compiled by Markit, rose to 51.6...
  • Anirban Lahiri hoping for memorable debut at WGC-HSBC Champions October 31, 2014

    Shanghai: India's Anirban Lahiri will be hoping for a memorable debut when he takes his place among the game's elite at next week's $8.5 million WGC-HSBC Champions. The final World Golf Championships event of the year will be held at the Sheshan International Golf Club Nov 6-9 here and will feature...
  • India's manufacturing, services growth outpaced China in July: HSBC August 6, 2014

    New Delhi: Manufacturing and services sectors in India expanded at a faster pace than China in July, even as emerging market output registered a slower pace of growth, HSBC said on Wednesday. The HSBC Emerging Markets Index (EMI), a monthly indicator derived from Purchasing Managers' Index surveys, stood at 51.7 in...
  • Doha Bank to purchase HSBC Bank Oman business in India April 19, 2014

    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 Thani,...
  • Bhullar finishes at tied 63rd as Johnson wins title November 4, 2013

    Shanghai: Gaganjeet Bhullar finished final day with a disappointing twoover 74 as he totalled a poor oneover 289 to finish a lowly tied 63rd at the end of the WGCHSBC Champions on Sunday. It was indeed disappointing for Bhullar, who at one stage was as high as tied fourth towards the...
  • Dustin Johnson pulls away for first World Golf Championship November 3, 2013

    Shanghai: Against an allworld 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 fivehole stretch on the back nine in 5under par, seizing control by pitching in for eagle from just short of the...
  • Johnson takes the lead after second round 63 at WGCHSBC Champions November 2, 2013

    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 fiveshot lead, he blasted his way to 10 birdies and was running away from...
  • Bhullar drops with late bogeys in second round November 1, 2013

    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 WGCHSBC Champions here on Friday. Bhullar, who was going great guns at fourunder after 12 holes, suddenly...
  • Gaganjeet Bhullar eyes upset after opening 69 at WGCHSBC Champions October 31, 2013

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

    Shanghai: Rory McIlroy enjoyed one of his best rounds of a disappointing season to storm into a twoshot lead over a starstudded field at the $8.5 million WGCHSBC Champions tournament on Thursday. Displaying a deft short game with a new lob wedge, McIlroy reeled off eight birdies en route to a...
  • Bhullar seeks rise in world rankings at WGCHSBC Champions October 29, 2013

    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 WGCHSBC Champions which begins on Thursday. Bhullar is currently ranked 185 in the world and is eyeing a huge...
  • HSBC to exit India retail broking; 300 jobs to be cut October 17, 2013

    Londonbased 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 business due...
  • Cabinet likely to take up IOC disinvestment proposal at the CCEA on Thursday July 24, 2013

    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 consideration...
  • Govt may issue NRI bonds soon to check rupee fall: HSBC July 21, 2013

    New Delhi: With rupee continuing to be weak against the dollar, an NRI bonds issue may become imminent soon to contain its freefall 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 July 17, 2013

    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 30share index started the day on a firm footing at 19,970.02, higher by 118 points from...
  • Is the violation of banking norms far more widespread than believed? June 18, 2013

    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 June 18, 2013

    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 May 15, 2013

    London: HSBC will redouble costcutting 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. Londonheadquartered 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 April 29, 2013

    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 email tracker of his performance including to competitors. Kinariwala's Capveda Capital (India) Advisory fund, which he runs from a modest office in...