New Delhi, April 14 (IANS) Around 100 per cent of Indian companies are planning to expand globally and are increasingly willing to take calculated risks despite rising geopolitical tensions, according to a new report.According to a survey conducted by HSBC, 98 per cent of Indian firms plan to increase cross-border trade and investment over the next five years which is the highest among all markets surveyed even as global uncertainty persists.Meanwhile, 94 per cent of Indian respondents said they…
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New Delhi, April 9 (IANS) Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report.The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D’Amaro took over as the company’s chief executive officer in March.The layoffs are expected to impact less than 1 per cent of Disney’s total workforce. The company had aroun…
New Delhi, April 6 (IANS) India’s services sector continued to expand in March, supported by strong international orders and rising business confidence even as domestic new‑business growth eased, a report said on Monday.The HSBC India Services PMI report compiled by S&P Global said that India Services PMI or the headline figure remained above its long‑run average of 54.4.The seasonally adjusted HSBC India Services PMI Business Activity Index eased from 58.1 in February to 57.5 in March…
New Delhi, April 2 (IANS) India’s manufacturing PMI eased to 53.9 in March as disruptions linked to the conflict in the Middle East are reverberating through the global economy and weighing on Indian manufacturers, the HSBC Flash India PMI data showed on Thursday.Firms also faced an intensification of cost pressures, the steepest since August 2022. That said, companies mostly absorbed added expenses, as indicated by a modest uptick in selling charges that was the least pronounced in two years,…
New Delhi, March 30 (IANS) Finance hub GIFT City on Monday announced that banking assets at its International Financial Services Centre have crossed $106.7 billion as of February 2026, marking over seven‑fold surge from $14 billion in September 2020.The huge surge indicated a rapid scale‑up of India’s offshore banking ecosystem and reflected increasing global and domestic participation in India’s international financial services ecosystem, it said.The growth has been supported by an expa…
New Delhi, March 27 (IANS) Major global leading brokerage Jefferies has exited its holdings in HDFC Bank and reduced its India exposure across key portfolios, following the resignation of the lender’s part-time chairman Atanu Chakraborty.In its latest “Greed & Fear” report, Jefferies strategist Chris Woods said the firm has removed HDFC Bank from its Asia ex-Japan long-only equity portfolio, global long-only equity portfolio, and international long-only equity portfolio (ex-USA). No sp…
New Delhi, March 24 (IANS) The Reserve Bank of India (RBI) may ‘stay on hold’ in its upcoming monetary policy review (April 6-8), with global developments expected to weigh more on growth than inflation in the near term, according to economists on Tuesday.As the central bank has announced the Monetary Policy Committee (MPC) meetings schedule for FY27, economists at leading investment bank HSBC noted in their report that the current situation is “likely to be more of a growth shock than a price…
New Delhi, March 24 (IANS) The output growth eased across both manufacturing and services sectors in India in the month of March as the energy shock unfolds amid the West Asia tensions, the HSBC Flash India PMI data showed on Tuesday.The PMI Composite Output Index – a seasonally adjusted index that measures the month-on-month change in the combined output of India’s manufacturing and service sectors – stood at 56.5 in March.“Softer domestic demand weighed on new orders, which rose at the…
New Delhi, March 19 (IANS) London-headquartered investment bank HSBC is considering significant job cuts over the coming years as Chief Executive Officer Georges Elhedery looks to deploy artificial intelligence (AI) to streamline operations, particularly in middle and back-office functions, according to reports.According to a Bloomberg report, non-client-facing roles in global service centres are expected to be among the most impacted, although discussions remain at an early stage. The potential…
New Delhi, March 4 (IANS) India’s services sector continued to expand at a healthy pace in February, even as growth in new orders slowed amid rising competition, according to the latest data from the HSBC India Services PMI Business Activity Index.The Services Purchasing Managers’ Index (PMI) stood at 58.1 in February, slightly lower than the 58.5 recorded in January.A reading above 50 indicates expansion, which means the sector remained firmly in growth territory as the current financial ye…