CCI approves HSBC’s acquisition of L&T AMC
The proposed merger involves HSBC AMC acquiring 100 percent of the equity share capital of L&T AMC from L&T Finance Holdings Limited and its nominees.
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HSBC net profit triples in 2021, business takes a blow from China
The stats observe a series of strong results for the London-based lender, in which it has slashed its stockpile of provisions in comparison to pandemic-related bad loans.
HSBC AMC agrees to buy L&T Investment Management for Rs 3,200 crore
L&T Investment Management posted a profit before tax of Rs 185 crore and income from operations of Rs 348 crore for FY ended March 2021.
China is currently in its cheapest state as compared with India: HSBC
Keeping in line with its stance, HSBC on Tuesday, October 26 upgraded its weightage of the Chinese equities from ‘neutral’ to ‘overweight.’
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