HSBC

Tata Capital plans to raise $500-million debt overseas

Investor meetings are scheduled for mid-November across Singapore, Hong Kong, and London. Standard Chartered, HSBC and BNP Paribas are arranging investor calls, said a source.

"When will govt agencies intervene?", Kunal Kamra hits at Ola again, urges Nitin Gadkari to step in

Comedian Kunal Kamra called on Union Minister Nitin Gadkari to address poor Ola Electric scooters' conditions. Triggered by acomplaint from Solapur, Kamra highlighted customers' frustrations. Ola Electric reported resolving 99.1% of complaints after a notice from the Central Consumer Protection Authority, aiming to clarify issues regarding consumer rights and trade practices.

HSBC cuts Ola’s target price to Rs 110, sees slower e2W penetration, service issues

HSBC lowered Ola Electric's target price to Rs 110, citing slower e2W penetration and service issues, yet maintains a ‘buy’ rating due to potential in EV growth and battery technology.

Shriram Finance shares rally 7% after Q2 profit jumps 18% YoY. Should you buy or sell?

Nomura and HSBC maintained 'Buy' ratings on Shriram Finance, with target prices of Rs 3,800 and Rs 3,725, respectively. Nomura cites the company's consistent performance, margin expansion, and improved asset quality. HSBC notes Shriram Finance's strong Q2 results, highlighting its best operating period since 2010.

Business activity up in Oct, manufacturing outperforms services

India's business activity saw a slight uptick in October, led by the manufacturing sector, according to an HSBC survey by S&P Global. New orders and export orders grew faster, boosting employment. Input cost inflation reached a three-month high, impacting manufacturers' profit margins.

India's business activity grows at faster clip in Oct, PMI shows

Growth in India's business activity slightly improved in October driven by stronger manufacturing demand, leading to the fastest job creation since February 2006. HSBC's flash PMI rose to 58.6 from 58.3, indicating continued expansion with boosted sales, production, and export orders.

Is Pam Kaur's 'Power of Chi' enough to transform HSBC amidst geopolitical tensions?

Pam Kaur's appointment as HSBC's first female CFO in its 160-year history marks a significant milestone. With a rich background in risk and compliance at major banks, she brings vital experience to tackle challenges under new CEO Georges Elhedery. Kaur, an advocate for diversity, aims to address gender pay gaps and drive inclusive growth at HSBC.

8 smallcap mutual funds multiplied SIP investments by over 2.25x in 5 years

India Small Cap Fund, the largest in its category, grew Rs 10,000 monthly SIPs to Rs 15.20 lakh, delivering an XIRR of 38.57% over five years. Tata Small Cap Fund and HSBC Small Cap Fund multiplied similar SIPs by 2.37 and 2.36 times, with XIRRs of 35.66% and 35.42%, respectively.

Pam Kaur: Meet HSBC's first female CFO in 160 years

Who is Pam Kaur, HSBC’s first female CFO in 160 years and a graduate of Panjab University?

Pam Kaur has been appointed as the new CFO of HSBC, making her the first female to hold this role. She was previously HSBC’s chief risk and compliance officer. HSBC will also streamline its operations into four distinct businesses from January 2025 to focus on its strategic priorities.

HSBC appoints Pam Kaur as first female CFO; announces restructuring

HSBC Holdings has appointed Pam Kaur as its first female finance chief, replacing Georges Elhedery. The company will restructure into four distinct business units effective January 1, 2025. This change aims to create a simpler and more dynamic organization. Kaur currently serves as HSBC's chief risk and compliance officer.

HSBC mulls up to $300 million cost-cutting plan, targeting senior roles: Report

HSBC CEO Georges Elhedery is considering $300 million in cost-cutting measures, focusing on senior bankers. The plan includes a potential merger of the commercial and investment banking units to remove overlapping roles. The shift follows previous business reductions in the U.S., France, and Canada to prioritize Asia.

Fortis Healthcare board gives nod to raise Rs 1500 crore through NCDs

The company told stock exchanges that eligible investors include but anchor investors such as DBS, HSBC, Citicorp Investment Bank (Singapore), Mizuho Bank, Singapore and other foreign portfolio investors qualified during the bidding process.

Fortis Healthcare board approves raising of up to Rs 1,500 cr via NCDs

In the filing, the healthcare company said that the eligible investors include but are not limited to identified anchor investors DBS Bank Ltd (DBS), The Hongkong and Shanghai Banking Corporation Ltd (HSBC), Citicorp Investment Bank (Singapore) Ltd., Mizuho Bank, Singapore and other foreign portfolio investors qualified during the bidding process.

Biocon Biologics raises $300 million for debt refinancing

The loan was priced at 175 basis points above the three-month secured overnight funding rate (SOFR), which was trading at 4.59%. That pegs the floating-rate loan at 6.34%, people familiar with the matter said.

Bajaj Housing shares dip 5% after HSBC initiates coverage with ‘reduce’ rating, predicts 27% downside

Bajaj Housing Share Price: Shares of Bajaj Housing Finance fell 5% in intraday trade due to HSBC’s ‘reduce’ rating and Rs 110 target price, citing earnings slowdown and valuation concerns. HSBC noted potential pressure on RoA and slower AUえーゆーM growth for the stock. They suggest alternatives among other NBFC peers with higher ROE and stable growth outlook.

China stock skepticism gets louder amid world-beating run

Invesco, JPMorgan Asset Management, HSBC Global Private Banking and Wealth, and Nomura Holdings are among those viewing the recent rebound with skepticism and waiting for China to back up its stimulus pledges with real money.

Jobs-day shocker vindicates great risk rally of 2024

The US economy's surprising resilience challenges recession fears, as a report showed the biggest job gains in six months. This sparked market reversals and rethought interest rate bets. Small-cap companies and tech stocks led gains. Continued strong US activity data and expected rate cuts suggest a positive outlook for risk assets, despite inflation concerns.

HSBC initiates coverage on Bajaj Housing with a ‘reduce’ rating, predicts 27% downside

HSBC initiated coverage on Bajaj Housing Finance with a 'reduce' rating, targeting Rs 110, citing earnings slowdown and concerns over high valuations compared to peers.

Citi initiates 'Buy' rating on Varun Beverages, sees 36% upside

Citi has given Varun Beverages a 'Buy' rating with a target price of Rs 800, citing strong market position and growth prospects. Despite this, shares fell 3% to Rs 570. HSBC also rated it 'Buy' at Rs 780, highlighting potential for market share gains through innovative marketing.

HSBC hikes ITC target price, sees 12% upside on defensive appeal and growth potential

HSBC maintains a 'Buy' rating on ITC, raising the target price to Rs 580, citing its defensive appeal and strong earnings growth potential in the FMCG sector.

Hot Stocks: 3 stocks that may give returns between 13-29%

A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 13% and 29% as per analysts’ price targets.

HSBC initiates coverage on Varun Beverages with 'Buy' rating, sees 28% upside

HSBC predicts that Varun Beverages will not only become the largest PepsiCo bottler ever, but also the most disruptive, as competition heats up in the Indian beverage market.