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The decision came after appeals were filed by Citibank, American Express, HSBC, and Standard Chartered Bank against the NCDRC's 2008 ruling, which had held that the interest rates charged by these banks, ranging from 36% to 49% per annum, were exploitative.
HSBC has increased its target price for Kalyan Jewellers to ₹810 per share, up from ₹600, indicating a 23% potential upside from the stock’s September 11 closing price of ₹656.8.
British American Tobacco (BAT) is set to sell a 3.5% stake in ITC Limited through a block deal today, with a total size of Rs 16,775 crore.
Chinese tourists boost tourism in Southeast Asia post-COVID, surpassing pre-pandemic levels in popular tourist destinations.
During this campaign, Club Vistara members can earn up to a 40% bonus in CV Points, with a maximum of 100,000 CV Points per partner and a total of 11,00,000 CV Points when combining transfers from all Points Transfer Partners. To qualify, customers must transfer a minimum of 5000 CV Points.
Citigroup Inc. declared an agreement to offload its China consumer wealth portfolio to HSBC Holdings Plc.
Over dinner served by the chef of Odette, a three-Michelin-star restaurant in Singapore, the bank’s wealthy clients who flew in from Hong Kong and Dubai, mingled with HSBC’s local customers.
For the year ending in March 2024, HSBC has kept its inflation projection of 5% but sees bigger risks if cereal inflation picks up. Data on rice sowing and rainfall distribution will be crucial in the coming weeks, according to the economists.
The maximum interest rate on fixed deposits maturing in 732 days or less than 36 months will now be 6% for the general public and 6.50% for senior citizens, according to HSBC Bank.
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