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2 mins read

India's Services Index jumps to 58.5 in October as employment grows the fastest in 26 months

India's services sector witnessed a robust performance in October, as the Service PMI index surged …

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3 mins read

Canara Bank Q4 profit rises 18% to ₹3,757 crore

During the quarter, the bank's total income increased to Rs 34,025 crore as against Rs 28,685 c…

PTI   


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HSBC crushes 1H profit estimates and slashes bad-loan buffer as the global economy recovers from COVID-19

Pretax profit for the first half of the year more than doubled to $10.8 billion, compared with the …

Shalini Nagarajan   


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1 min read

HSBC beats expectations with 79% jump in Q1 pre-tax profit as cautious outlook prompts credit loss reversal

Europe's largest lender said profit-before-tax came in at $5.8 billion, beating the $3.4 billion ex…

Shalini Nagarajan   


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6 mins read

Earnings preview: Q2 to be another washout quarter for IT sector, market to focus on execution

Little has changed for the Indian IT sector in the last three months. The second quarter earnings a…

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5 mins read

Time to move on from CEO extension debate for IndusInd Bank and focus on the fundamentals

IndusInd Bank’s stock has come under selling pressure recently after the lender’s chief executive o…

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4 mins read

Fewer restaurants and delivery partners are signing up with Zomato

Restaurants and delivery partners are critical to Zomato’s business model, but few are signing up w…

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3 mins read

September earnings on track, but it’s time to tone down optimism says Kotak Institutional Equities

The ongoing fiscal year may have started on a somber note with multiple headwinds hitting equit…

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2 mins read

RIL cuts net debt to $14.2 billion in Q2, guides for a ‘significant slowdown’ in capex intensity in 2024

Shares of Reliance Industries are down 10% this year, which is a significant underperformance compa…

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2 mins read

The UK economy grew 2.4% in March, beating expectations as the vaccine-driven recovery picked up speed

March's growth was stronger than expected, and set the stage for a rapid rebound for the UK economy…

Harry Robertson   


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7 mins read

ICICI Bank shares hit a new high after a strong Q2 – here’s what the analysts are saying

ICICI Bank shares have hit a new 52-week high after the private lender delivered better-than-expect…

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2 mins read

WPP won $1.6 billion worth of new business in Q3

WPP is on track to be towards the upper end of £700-800 million cost reduction target

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10 mins read

PSU banks’ robust Q2 performance ring in analyst upgrades – Rising rivalry for deposits a concern in the medium term

Public sector banks’ strong performance in Q2 has resulted in earnings and target price upgrades fr…

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4 mins read

Zomato's cost control efforts are hurting the startup: Strike at Blinkit to hurt revenues by 1%

Zomato is in the news for its efforts to control costs and achieve breakeven – it’s increasing the …

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3 mins read

HSBC and Roostify have launched a digital mortgage platform

"Getting a mortgage is not just the biggest and most important financial transaction most of us wil…

Mekebeb Tesfaye   


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3 mins read

China's coronavirus-battered economy is at risk of sinking into deflation, one of HSBC's top economists warns

China's economy contracted in the first quarter of 2020, the first contraction since 1992 as the co…

Saloni Sardana   


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3 mins read

HSBC: The pound is heading to parity with the euro and will sink to $1.10 against the dollar

A country needs capital inflows in order to fund a C/A deficit. To be clear, we are most definitely…

Jim Edwards   


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2 mins read

HSBC: Chinese bad loans are spiking

Rather than bail them out, the government has given incentives for local officials to shut them dow…

Ben Moshinsky   


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1 min read

ECONOMIST: The Street Will Raise Its China Q3 GDP Forecasts After Today's PMI Report

"We are confident to maintain our above-consensus 7.6% and 7.5% yoy growth forecasts for 3Q and 4Q …

Mamta Badkar