HSBC is considering job cuts affecting about 20,000 roles, approximately 10% of its workforce, according to Bloomberg.
Category: India
Latest India business, market, economy, technology and company news from trusted global and local sources.
Bank of England to sit tight as Middle East conflict turns up inflation heat
Bank of England will likely delay interest rate cuts due to inflation shocks from Middle East conflict.
Exclusive: US weighs military reinforcements as Iran war enters possible new phase
The US considers deploying thousands of troops to the Middle East amid tensions with Iran.
ECB to talk tough as Iran war raises inflation fears
The ECB plans to hold rates at 2% but signals readiness to hike if inflation rises.
Exclusive: Bridgewater’s chief scientist Sekhon to join Google’s DeepMind AI unit
Jasjeet Sekhon, formerly at Bridgewater Associates, joins Google DeepMind as chief strategy officer.
India’s HDFC Bank part-time chairman resigns, citing differences in ‘values and ethics’
HDFC Bank's part-time chairman Atanu Chakraborty resigned citing differences over values and ethics.
India orders oil and gas firms to share data with central agency
India mandates oil and gas companies to submit detailed data to a central agency.
Exclusive: Vance plans Hungary visit in show of support for Orban ahead of tight election, sources say
U.S. Vice President JD Vance plans Hungary visit supporting Prime Minister Viktor Orban ahead of election.
Researchers uncover iPhone spyware capable of penetrating millions of devices
Researchers found spyware on websites in Ukraine targeting millions of Apple iPhones.
UniCredit CEO says pan-European ambitions take precedence over Italian consolidation
UniCredit prioritizes pan-European growth over Italian market consolidation, says CEO Andrea Orcel.
IMF mission starts talks with Ukraine as unpopular tax hikes for entrepreneurs loom
IMF mission begins talks with Ukraine amidst unpopular tax hikes planned for entrepreneurs and small businesses.
US to require $15,000 bond to visa recipients from 12 more countries
The US will expand its $15,000 visa bond requirement to citizens from 12 additional countries.
India approves $3.6 billion to develop industrial parks to boost manufacturing
India approved $3.6 billion to develop 100 industrial parks to boost domestic manufacturing capabilities.
As UniCredit woos Commerzbank, BNP Paribas shuns big M&A, its Germany chief says
BNP Paribas opts for smaller deals amid UniCredit's approach to Commerzbank, says Germany head Lutz Diederichs.
India cabinet approves $279 million hydropower scheme
India's cabinet has approved a $279 million hydropower development scheme, according to Information Minister Ashwini Vaishnaw.
Greek firms scan computer systems as Iran war raises cyberattack risks, sources say
Greek shipowners and companies scan systems for cyberattacks amid Iran war risks.
India adds 120,000 new piped gas connections in last two weeks, government says
India has added 120,000 new piped gas connections in two weeks amid LNG supply disruptions.
Israel says Iranian Intelligence Minister Khatib killed overnight
Israel's Defence Minister Israel Katz said Iranian Intelligence Minister Esmail Khatib was eliminated in a strike overnight.
Ambani’s Reliance Jio hires banks for IPO, will raise no new funds, sources say
Reliance Jio hires 17 banks for Mumbai IPO, will not raise new funds
India launches anti-dumping probe into ethyl chloroformate imports from China
India starts anti-dumping probe against ethyl chloroformate imports from China following domestic complaint.
StanChart reviews offers from India’s Kotak, Federal to acquire credit-card-only customers, sources say
Standard Chartered is reviewing offers from Kotak Mahindra and Federal Bank to acquire its credit card customers in India.
India’s privatisation drive derails because of weak investor interest
India is considering shelving three privatisation sales due to weak investor demand. This follows a failed stake sale in IDBI…
Indian rupee hits record low as Middle East hostilities keep energy worries in focus
The Indian rupee hit a record low as Middle East conflict pushed oil prices higher, increasing economic risks for India.
KKR to invest up to $310 million in India e-bus deal
KKR to invest $310 million in Indian electric vehicle firm PMI Electro Mobility through Allfleet India partnership.
UniCredit CEO says has ‘relatively constructive’ approach to digital euro
UniCredit CEO Andrea Orcel discussed the effects of the digital euro on banks’ liquidity and profits.
