HSBC Financial News

20.07 / 11:03

Assurant HSBC NIFTY show track Returns Best Small Cap Mutual Funds in 3 years (July 2023): Top 11 schemes with 43% to 58% SIP returns

Best-performing Small Cap Mutual Funds in 3 years (till July 19 2023): Most of the small-cap funds have given high returns to investors in three years. While the direct plan of the top-performing Small Cap scheme has given over 58% annualised returns in this duration, some low-performing small cap funds have also given over 34% annualised returns in 3 years.

20.07 / 01:41

FIVE Manufacturing HSBC tenor 500 Samvardhana plans overseas bond sales to raise over $500 million

Samvardhana Motherson International (SAMIL), formerly Motherson Sumi, is looking to raise funds by issuing overseas bonds after five years. The company is gauging investor interest as it aims to garner more than $500 million equivalent through euro or dollar or yuan -denominated bond sales for growth and capital expenditure. The company roped in HSBC to reach out to investors in a non-deal roadshow earlier this week and it may consider issuing overseas bonds in the second half of the financial year, two sources said.

19.07 / 04:21

UPS Citi Progressive Manufacturing HSBC How China beat everyone to be world leader in electric vehicles

China used for years as it turned into the biggest EV market on Earth. Beijing’s success is breathtaking. EVs accounted for a quarter of all passenger cars sold in China last year, far ahead of the roughly one in seven in the US and one in eight in Europe.

18.07 / 01:55

Citigroup HSBC PwC UBS Wirecard audit UBS hands EY one of biggest audit deals in global banking

London | UBS executives have chosen EY for one of the world’s most lucrative banking audit contracts after deciding to retain the big four firm following the bank’s takeover of Credit Suisse.

17.07 / 17:01

UPS HSBC PEP Indian Improved US performance to pep up Indian pharma Q1 show

NEW DELHI : The Indian pharma market (IPM), which is estimated to have grown 4.5% year-on-year (y-o-y) in June, will find support from strong performance in the US even as domestic growth rem-ains slow in the June quarter. Analysts at Jefferies India Private Ltd expect strong US but tepid India growth for pharma companies during Q1. In the US, analysts at Jefferies expect sequential improvement for all the major exporters except Cipla.

17.07 / 14:19

UPS Provident FIVE Strategy HSBC KPI How sustainable finance helps Australia’s green economy bloom

In just a short 10 years, sustainable finance has ballooned. Once viewed by boards as an outlier, it is now central to investment and strategy discussions in boardrooms globally.

17.07 / 12:59

UPS Provident Lowe's HSBC Financial There Is a Long-Term Danger Lurking in Financial Markets

Contrary to popular belief, financial markets have a long-term bias. This isn’t always a good thing. There is much talk among investors of a “new regime." Those words headline BlackRock’s recent midyear outlook, for example, which emphasized how the trends of the past decade—low interest rates and volatility, with bonds cushioning stock selloffs—have reversed in the past two years.

17.07 / 09:09

Target Booking JPMorgan HSBC TCS ICBC HDFC Bank enters $100 billion m-cap club, but fails to pip TCS as number 2 stock

Reliance Industries (RIL) and IT major Tata Consultancy Services (TCS), sitting on the third position with a market cap of ₹12.43 lakh crore. The m-cap of RIL is over ₹18.85 lakh crore, while that of TCS is around ₹12.94 lakh crore. With a market value of over $151 billion, HDFC Bank is now the world’s seventh largest lender.

17.07 / 06:53

UPS HSBC Power Mutual funds' favourite multibagger stock TD Power turns ₹1 lakh to ₹15 lakh in three years

Multibagger stock: TD Power share price has been in uptrend after bottoming out at around ₹16 apiece levels in May 2023. Like other stocks listed on Indian bourses, TD Power shares too witnessed heavy sell off after the outbreak of Covid-19 but it rebounded strongly in post-Covid rally. This multibagger energy stock, which is one of the mutual funds' favourite stocks on Dalal Street has risen from around ₹16 to ₹345 apiece levels in the last three years, delivering more than 1400 per cent return to its positional long term shareholders.

16.07 / 15:01

COST Citi HSBC Enterprise International IIFL Home Finance raises $50 million loan from US International Development Finance Corp

IIFL Home Finance has raised a $50 million loan from US International Development Finance Corp (DFC) to grow its affordable housing finance portfolio with a special focus on sustainable housing. The fund was raised at a concessional 5.72% rate, which includes the hedging cost, IIFL Home Finance chief executive Monu Ratra told ET. Its average cost of funds is 8.4%.

16.07 / 13:39

UPS Provident CEO HSBC GBP Trans UK signs treaty to join Trans-Pacific free trade bloc

Trans-Pacific Partnership (CPTPP) trade bloc, a move it says will help grow the country's economy and provide access for British businesses to a market of over 500 million people. UK Business and Trade Secretary Kemi Badenoch, who is also leading the ongoing free trade agreement (FTA) negotiations with India, signed the pact agreed earlier this year during a visit to Auckland and hailed it as a major post-Brexit win for the country.

14.07 / 10:23

Lowe's Assurant HSBC NIFTY Returns Best Large and Mid Cap Mutual Funds in 1 year (July 2023): 11 Schemes with 25% to 34% SIP returns

Best-performing Large & Mid Cap Mutual Fund Schemes in 1 year (till July 13, 2023): Most of the Large & Mid Cap Fund schemes had a good run in one year, giving over 20% annualised returns under their direct plans till July 13, as per data on the website of Association of Mutual Funds in India (AMFI) at the time of writing.

13.07 / 10:51

IPO FIVE AXY HSBC Five Things to Know about the NSDL IPO

upcoming IPO have finally cleared. There were a lot of speculations last year about the IPO timeline, its size and the valuation of unlisted shares of the largest Indian depository. All speculations have been put to rest as NSDL filed its draft red herring prospectus (DRHP) with the market regulator.

13.07 / 07:49

Europe HSBC BlackRock Morningstar funds fixed income equity funds Morningstar: Equity funds suffer largest monthly net outflow since September 2022

Of the top ten fund groups by assets, only BlackRock, Aviva, and HSBC saw inflows.

13.07 / 04:39

Citi BLOCK Waters Action HSBC ICE Environmental damage from Belt and Road Initiative projects on rise

Belt and Road Initiative (BRI) have had a negative impact on the environment of all the countries where they have been implemented. They have increased the environmental crisis in already vulnerable regions by increasing air and water pollution and have led to water shortage and soil erosion.

13.07 / 01:13

Manufacturing Compilation HSBC MSCI India's $590 billion rally faces critical tests with earnings and retail selling pressures

Bloomberg. That’s above its 10-year average and more than 50% higher than the valuation for the broader Asian gauge. Key gauges in India hit records in July on bets that Asia’s third-biggest economy will stage a strong recovery even with elevated policy rates. The rapid gains, which follow a 4% advance for the benchmark last year, have led Goldman Sachs Group Inc.

12.07 / 22:45

UPS Twitter Career JPMorgan HSBC Morning Coffee: JPMorgan banker's Morgan Stanley jump is a sign of the times. Hiring bankers amidst the cows

Marco Caggiano, the former co-head of North American M&A at JPMorgan didn't come from a banking family, but after 22 years in the industry he's had ample time to assess which jobs are best. They may not be the ones that come with the biggest titles, particularly in a market like this.

12.07 / 20:11

Career Telegram JPMorgan HSBC JPMorgan VP with sick parents resigns as sabbatical impossible

People in banking take sabbaticals. Just ask Georges Elhedery orStuart Lea at HSBC, or Sanj Sivarajah the former head of JPMorgan's head of emerging markets special situations group, each of whom took time out for various reasons in recent years.

12.07 / 18:09

UPS Provident Target Booking HSBC Southern analysts Laurentian Bank could fetch $2.6 billion in potential sale, analysts say

Laurentian Bank of Canada would likely attract interest from all of the major Canadian banks and could fetch around $2.6 billion if it puts itself up for sale, according to National Bank of Canada analyst Gabriel Dechaine.

12.07 / 14:31

ETF HSBC ETFs HSBC AM expands fixed income ETF share classes in bid to become top ten provider

The launches are expected to boost HSBC AM’s fixed income ETF AUM by about $6bn, the firm said.

12.07 / 13:03

UPS Target HSBC UBS Support Bank of England says UK banks are resilient enough to offer struggling households support

The Bank of England has warned that households across the U.K. are facing mounting problems from the sharp increase in interest rates but says the country’s biggest banks are resilient enough to offer more help than they were able to before the global ...

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