Reuters Between July and September, HSBC’s pre-tax profits reached $8.5bn HSBC has seen its quarterly profits jump by 10% as the UK-based banking giant embarks on one of the biggest shakeups in its 159-year history. The firm said its pre-tax profits rose to $8.5bn (£6.6bn) in the three months to the end of September, beating
Last Updated:October 27, 2024, 07:00 IST According to Paisabazaar, the offers are only accessible for a short time during the festive season. Diwali 2024: Festive Offers Credit Cards Consumer credit marketplace in India, Paisabazaar, has revealed special festive discounts on several credit cards. When users activate their new credit cards through Paisabazaar, the platform will
Last Updated: October 23, 2024, 12:50 IST Breaking through the glass ceiling: Pam Kaur HSBC’s first female CFO Pam Kaur is the first woman to occupy that role in the bank’s 160-year-old history Global banking giant HSBC has appointed British Indian Pam Kaur as its first female chief financial officer (CFO). Kaur is the first
HSBC’s new boss has announced a major overhaul of the bank’s structure, splitting geographically into eastern and western markets amid increasing geopolitical tensions and a need to cut costs. The bank said that it was simplifying operations by splitting into four key units, which will see its commercial and institutional banking divisions merged. The changes
Shares of ITC are in news on Thursday after the FMCG firm said ITC Infotech India, a subsidiary of the company, has acquired 100 per cent shares of Blazeclan Technologies for Rs 485 crore. Consequently, Blazeclan and its subsidiaries have become step-down wholly owned subsidiaries of the company, effective October 1. “We have been advised
Ola Electric Mobility shares surged over 3 per cent to Rs 106 in morning trade on September 26 after HSBC reiterated its bullish stance with a ‘buy’ call on the pure-play EV two-wheeler company as it sees quite a few growth levers. With a buy call and target price of Rs 140, the international brokerage
Last Updated: August 22, 2024, 11:24 IST Shares of Interglobe Aviation- the parent company operating Indigo airlines surged 4 per cent to Rs 4,459 on August 22 after Jefferies and HSBC issued bullish calls, citing strong growth prospects across multiple fronts. While Jefferies upgraded its rating to ‘buy’ from ‘hold’, HSBC maintained its ‘buy’ rating