Mumbai, March 3 (IANS) Jio Platforms Limited on Tuesday announced the appointment of Dan Bailey as its new President, as the company prepares to expand its business beyond India.He will lead the company’s international business initiatives and will be based in London.Dan Bailey will report to Akash Ambani, Chairman of Reliance Jio Infocomm Limited. He will also join the Executive Committee of Jio Platforms and contribute to the company’s broader strategy.Bailey brings more than 35 years of e…
Latest HSBC News & Updates
New Delhi, March 2 (IANS) The manufacturing PMI in India rose from 55.4 in January to a four-month high of 56.9 in February, as a substantial improvement in domestic demand for Indian goods fuelled new order intakes and spurred the greatest upturn in production volumes for four months, S&P Global data showed on Monday.The latest figure of seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) was consistent with a marked improvement in the health of the sector.“Ind…
New Delhi, Feb 20 (IANS) The PMI data for February signalled stronger output growth as the HSBC Flash India PMI rose from 58.4 in January to 59.3 this month — indicating the strongest rate of expansion for three months, the data compiled by S&P Global showed on Friday.The acceleration was driven by a quicker upturn in factory production, as growth of services activity was broadly similar to that registered at the start of the 2026 calendar year.“The manufacturing industry strengthened in…
Seoul, Feb 5 (IANS) Major global investment banks (IBs) have upgraded their forecasts for South Korea’s economic growth this year, citing an upcycle of the global semiconductor industry, a report by a financial organisation said on Thursday.The average forecast for economic growth of Asia’s fourth-largest economy by eight major global investment banks (IBs) stood at 2.1 percent as of end-January, up 0.1 percentage point from their median outlook published a month earlier, according to the report…
New Delhi, Feb 4 (IANS) The seasonally adjusted HSBC India Services PMI touched a two-month high of 58.5 in the month of January, from December’s 58.0, noting quicker expansions in new business intakes and output, the S&P Global data showed on Wednesday.Service providers in India welcomed a recovery in growth during January. They were also more upbeat towards the outlook and hired additional staff. On the price front, there were quicker albeit still moderate increases in input costs and sell…
New Delhi, Jan 23 (IANS) Growth picked up pace for both manufacturing and services in India in January as the HSBC Flash PMI figures on Friday showed quicker increases in new orders and output, alongside the reinstatement of job creation and a rebound in business confidence in the country.Rising from 57.8 in December to 59.5 in January, the HSBC Flash India Composite Output Index – a seasonally adjusted index that measures the month-on-month change in the combined output of India’s manufactu…
New Delhi, Jan 20 (IANS) The wave of reforms are likely to feature prominently in the Union Budget 2026-27, an HSBC report said on Tuesday, adding that given a slew of announcements in recent months, the government is in a mood for further reforms.The central government budget will be presented on February 1, followed closely by the RBI policy meeting on February 6.“We believe the government will focus on two pillars during such time – restraint and reforms,” the report mentioned.The repor…
New Delhi, Jan 2 (IANS) An Inter-Departmental Committee, headed by the Union Secretary, Financial Services, M. Nagaraju, met here on Friday to consider the proposals of foreign banks wanting to set up branches in India.The meeting was attended by officials of the member ministries, including Home Affairs and External Affairs, as well as the Department of Commerce and the Reserve Bank of India (RBI).The meeting was convened to consider proposals received from the RBI in respect of foreign banks k…
Mumbai, Jan 2 (IANS) India’s manufacturing activity continued to expand in December, albeit at a slower pace, as HSBC India Manufacturing Purchasing Managers’ Index (PMI) eased to 55 in December from 56.6 in November, a report showed on Friday.The report compiled by S&P Global said that despite the moderation in growth, HSBC India Manufacturing PMI, held above its long-run average and the industry “wrapped up 2025 in good shape”.It said that positive demand continued to underpin shar…
New Delhi, Dec 27 (IANS) With liquidity conditions remaining muted and key macro cues awaited, the Indian markets are likely to stay range-bound in the near term amid consolidation ahead of New Year, analysts said on Saturday.Market sentiment this week was shaped by a combination of domestic macroeconomic indicators and global developments.India concluded a comprehensive Free Trade Agreement (FTA) with New Zealand, strengthening its Indo-Pacific engagement and export diversification strategy. On…