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New Delhi: India's inflation is likely to stay low in FY27, supported by well-stocked granaries, low oil prices, and other long-term factors that keep core inflation under control. According to a new report by HSBC Global Investment Research, these factors will help maintain price stability in the coming months. HSBC noted that while it does not expect the Reserve Bank of India (RBI) to cut the repo rate further, there is a possibility of easing if economic growth slows down. November inflatio ...Read More >
New Delhi [India], December 16 (ANI): The pace of business growth in India slowed slightly in December, but overall activity in the private sector remained strong, according to the latest HSBC PMI data released on Tuesday. The HSBC PMI Composite Index, which combines the output of India's manufacturing and service sectors, fell to 58.9 in December from 59.7 in November. Even though the index declined, it stayed well above the 50.0 mark, which shows that business activity is still growing. Also ...Read More >
BENGALURU, Dec 16 (Reuters) - India's private sector activity ended the year on a sombre note, expanding at its weakest pace in ten months in December as a slowdown in new orders took the steam out of both the manufacturing and services sectors, a survey showed on Tuesday. While the economy remains in expansionary territory, the deceleration coupled with a near-stagnant job market indicates domestic demand is cooling, dragging overall momentum down from the highs seen earlier in 2025. HSBC's f ...Read More >
New Delhi [India], December 16 (ANI): The pace of business growth in India slowed slightly in December, but overall activity in the private sector remained strong, according to the latest HSBC PMI data released on Tuesday. The HSBC PMI Composite Index, which combines the output of India's manufacturing and service sectors, fell to 58.9 in December from 59.7 in November. Even though the index declined, it stayed well above the 50.0 mark, which shows that business activity is still growing. The ...Read More >
BENGALURU, Dec 16 (Reuters) - India's private sector activity ended the year on a sombre note, expanding at its weakest pace in ten months in December as a slowdown in new orders took the steam out of both the manufacturing and services sectors, a survey showed on Tuesday. While the economy remains in expansionary territory, the deceleration coupled with a near-stagnant job market indicates domestic demand is cooling, dragging overall momentum down from the highs seen earlier in 2025. HSBC's ...Read More >
New Delhi: Punjabi music superstar Karan Aujla is set to bring his highly anticipated P-POP CULTURE World Tour to India in early 2026, promising fans a spectacular live experience across six major cities. For the first time in his career, Aujla will perform in stadiums in New Delhi and Chandigarh, marking a historic milestone for the global Punjabi icon. Tickets for the India leg will be available on District, with a 48-hour early access window for HSBC credit card holders starting 1 December ...Read More >
Mumbai, Nov 13 (SocialNews.XYZ) Eighty-five per cent of Indian businesses - the highest among surveyed markets - see Saudi Arabia as a more attractive destination for trade and investment amidst global uncertainties, a report showed on Thursday. Moreover, 78 per cent of Indian businesses are planning to increase investments in Saudi Arabia in the next six months - representing the highest level of commitment among any market outside the Middle East, according to an HSBC report. Indian business ...Read More >
The Indian rupee faced depreciation against the US dollar on Friday, with foreign investors exiting the Indian capital markets. The domestic stock exchange experienced significant sell-offs. Concurrently, crude oil prices were on the rise in global markets. Notably, October saw a deceleration in growth within India's services sector, leading to the rupee's final settlement at 88.66 against the dollar. The rupee declined 3 paise to 88.66 against the US dollar in early trade on Friday as the Amer ...Read More >
Mumbai, Nov 4 (PTI) The rupee recovered from the record low level and settled with a gain of 11 paise at 88.66 (provisional) against the US dollar on Tuesday boosted by falling crude oil prices overseas. Forex traders said a firm dollar, outflow of foreign funds and subdued domestic equity markets prevented a sharp gain in the Indian currency. At the interbank foreign exchange, the rupee opened at 88.55 and hit the intra-day high of 88.28 against the greenback. The unit also touched a low of 8 ...Read More >
More than 300 companies are set to announce their results for the second quarter of FY 2025-26 next week. The financial metrics will provide critical insights into the company's performance in the July-September quarter. The upcoming Q2FY26 results will also help to predict their future trajectory. As the companies span across major sectors, the results will also help investors and analysts gauge the broader trends in various industries. Prominent companies scheduled to announce results include ...Read More >
India's private sector growth slowed in October to its lowest in five months. Weaker demand and higher output prices impacted business optimism. Services sector growth saw a slowdown, while manufacturing activity improved. New orders expanded at a slower pace. International demand softened, particularly for exports to the United States. Businesses raised selling charges despite some cost easing. Growth in India's private sector eased to a five-month low in October as weaker demand and rising ou ...Read More >
New Delhi: India's manufacturing activity showed renewed strength in October, with the HSBC Flash India Manufacturing Purchasing Managers' Index (PMI) rising to a two-month high of 58.4, up from 57.7 in September, a report showed on Friday. The data compiled by S&P Global indicates that the country's manufacturing sector continues to expand at a solid pace, supported by strong domestic demand and easing cost pressures. The rise in the manufacturing PMI reflects an improvement in business condi ...Read More >
BENGALURU -- The US Federal Reserve will lower its key interest rate by 25 basis points (bps) next week and again in December, according to a Reuters poll of economists who remain deeply divided on where rates will be by the end of next year. A month ago, economists had expected just one more cut this year. But the new forecast follows a recent shift in expectations by Fed policymakers toward additional reductions. Caught between the dual risks of already-elevated inflation climbing higher due ...Read More >
VMPL Bengaluru (Karnataka) [India], October 17: HSBC, one of the world's largest banking and financial services organisations, and Juspay, a leading payments infrastructure company, have announced a strategic partnership to launch a first-of-its-kind acquiring platform tailored to the needs of digital-first, global merchants. This full-stack solution reimagines how acquiring services are delivered at scale, combining HSBC's global network with Juspay's proven expertise in payments infrastructur ...Read More >
NEW DELHI, Oct 15 (Reuters) - Apple is lobbying India's government to modify its income tax law to ensure the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers, an issue seen as a hurdle to its future expansion, sources say. The push coincides with Apple's growing India presence as it diversifies beyond China. Counterpoint Research says iPhone's share in the Indian market has doubled to 8% since 2022. And while China still accounts for 75% ...Read More >
HSBC India has launched HSBC Digital Merchant Services. This new solution simplifies payment processes for online businesses. Merchants can now manage various payment methods through a single platform. This includes cards, UPI, and net banking. The service aims to reduce operational costs and improve transaction insights. Mahanagar Gas Limited is an early user of this integrated payment solution. HSBC on Tuesday announced the launch of HSBC Digital Merchant Services (DMS) in India, a digital pa ...Read More >
Avenue Supermarts, which operates the retail chain DMart, reported its financial results for the September quarter on Saturday, October 11. The company posted year-on-year growth across key parameters, with steady improvement in profitability and operating performance. The company's net profit stood at Rs 685 crore, compared to Rs 659 crore in the same quarter last year -- an increase of 3.9% year-on-year (YoY). Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 11% to ...Read More >
HSBC India has launched its Innovation Banking service, pledging $1 billion in non-dilutive debt capital to support Indian startups from seed stage to IPO. This initiative aims to fuel growth for entrepreneurial businesses and their investors without equity dilution. New Delhi, HSBC India on Thursday announced the launch of its 'Innovation Banking' in India, which offers banking and financing solutions to support entrepreneurial businesses throughout their lifecycle, from seed to IPO, as well a ...Read More >
India's initial public offering (IPO) calendar is entering a record-setting week, with fundraises topping Rs 30,000 crore -- the largest in a single week. Nearly 90 percent of that will come from just two offerings: Tata Capital's Rs 15,511 crore issue and LG Electronics India's Rs 11,607 crore offer-for-sale (OFS). The sheer scale is set to strain secondary markets, where buying support could dry up. Although equities closed higher for second straight sessions on Friday, experts caution the r ...Read More >
BENGALURU, Oct 1 (Reuters) - India's manufacturing sector expansion lost some momentum last month, slipping to its weakest pace in four months but remaining strong, while factory gate prices surged at the fastest rate in nearly 12 years to combat mounting input costs, a survey showed on Wednesday. That suggests the United States' punitive 50% tariffs on Indian goods could be starting to bite Asia's third-largest economy, which has been the fastest growing among major nations this year. HSBC's ...Read More >
New Delhi: India's manufacturing activity continued to expand in September, but at a slower pace as the manufacturing purchasing managers' index (PMI) stood at 57.7, down from 59.3 in August, even though tax relief for common man has boosted business optimism for the year ahead. The survey, conducted by the adjusted HSBC India PMI, showed that new orders, output and input buying rose at the slowest rates in four months, while job creation retreated to a one-year low. "The September headline ind ...Read More >
New Delhi: Tiger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between Rs 4,500 crore and Rs 5,500 crore with market regulator Sebi using the confidential pre-filing route, market sources said on Wednesday. The proposed IPO would be a combination of a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders, they added. The filing has been made under Sebi's confidential or pre-filing route, which allows compa ...Read More >
New Delhi, Oct 1 (PTI) Tiger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between Rs 4,500 crore and Rs 5,500 crore with market regulator Sebi using the confidential pre-filing route, market sources said on Wednesday. The proposed IPO would be a combination of a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders, they added. The filing has been made under Sebi's confidential or pre-filing route, which ...Read More >
Themed 'Gateway to Growth: Harnessing Opportunities under India-UK CETA', the programme brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to deliberate on the transformative potential of the agreement for Indian exporters. The outreach event marked a crucial step towards strengthening India-UK trade ties and positioning Indian exporters to make the most of the CETA agreement. Anna Shotbolt, deputy trade commission ...Read More >
(RTTNews) - India's factory growth showed a mild loss of momentum in September amid stronger rises in input and output prices, final survey data from S&P Global showed on Wednesday. The HSBC manufacturing Purchasing Managers' Index dropped to 57.7 in September from 59.3 in August. However, a score above 50 indicates expansion, and the same was below the flash estimate of 58.5. Among components, new orders, output, and input buying all rose at the slowest rates since May, while job creation ret ...Read More >
In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction. India's manufacturing sector activity eased in September, as new orders, output and input buying rose at the slowest rates in four months, while job creation retreated to a one-year low, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index moderated from 59.3 in August to 57.7 in September, pointing to the wea ...Read More >
New Delhi: Tata Motors' biggest global bet since Jaguar Land Rover (JLR) will be steered by cost savings. Cutting spending on product development, components and research is central to its $4.4 billion acquisition of Italian commercial vehicle maker Iveco, alongside plans to expand into new markets and product segments, the company said, maintaining that the move could unlock a bigger value than even JLR. At a meeting with analysts of India's top brokerage houses on Monday, the management of Ta ...Read More >
Mumbai: Tata Capital, the financial services arm of the Tata Group, will hit the capital markets with its initial public offering (IPO) from October 6-8, with anchor bidding slated for October 3. The largest IPO of 2025 is expected to raise about Rs 15512, valuing the Non-banking finance company at Rs 1.31-1.38 lakh crore based on the price band between Rs 310-326 a share. This would be the biggest IPO of 2025 so far and among the largest in India, following Hyundai Motor India, LIC, and One9 ...Read More >
New Delhi [India], September 29 (ANI): The Directorate General of Foreign Trade (DGFT), Regional Authority Delhi, under the Ministry of Commerce & Industry, hosted an outreach programme on the recently concluded India-UK Comprehensive Economic and Trade Agreement (CETA) at Bharat Mandapam, New Delhi. According to a press release, the event brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to discuss the transforma ...Read More >
New Delhi [India], September 29 (ANI): The Directorate General of Foreign Trade (DGFT), Regional Authority Delhi, under the Ministry of Commerce & Industry, hosted an outreach programme on the recently concluded India-UK Comprehensive Economic and Trade Agreement (CETA) at Bharat Mandapam, New Delhi. According to a press release, the event brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to discuss the transforma ...Read More >
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