Business News
MARS Growth Capital and HSBC Lead USD 150 Mn Refinancing for Eruditus
Under the structure of the deal, MARS Growth Capital will contribute up to USD 100 million, while HSBC will provide up to USD 50 million.
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Business News
India’s Private Sector Growth Hits Six-Month High in February: HSBC Flash PMI
While manufacturing output also improved, the PMI report dipped slightly from 57.7 in January to 57.1 in February due to competitive pressures. However, the manufacturing index remained well above its long-run average of 54.1, indicating continued expansion.
Business News
Indian Entrepreneurs Spend More on Real Estate and Luxury Experiences: HSBC Report
61 per cent of Indian wealthy business owners allocate personal wealth to real estate for their own use compared to 51 per cent globally
Business News
October Insights: India’s Service Sector Grows 13% in Employment and 58% in Output
The HSBC India Services Business Activity Index rose from 57.7 in September to 58.5 in October, signaling a sharp acceleration in growth well above the long-term average of 54.1
Business News
PMI Rises From 57.5 in May to 58.3 in June: HSBC Report
The HSBC India Manufacturing Purchasing Managers' Index (PMI) for June 2024 indicates a recovery in the Indian manufacturing sector, with the PMI rising from 57.5 in May to 58.3 in June.
Business News
What’s Keeping Naina Lal Kidwai Busy Post her Retirement?
From women issues to her banking days, former country head of HSBC speaks her heart out
Business News
Zomato Founder Hits Back After Markdown, Says HSBC Does Not ‘Understand The Space’
HSBC has cited concerns surrounding Zomato's advertisement-heavy business model, growing competition in the food ordering space and money-losing international operations for the lower valuation.