Earlier today we reported on stronger rules in the GCC. Now it is India taking new initiatives. Proposals by Indian regulators in October to curb offshore investment vehicles used by hedge funds triggered a panic among investors that halted trading on Mumbai exchanges for an hour and wiped out $100 billion of value […]
Shifting political sands in America and Europe, especially after the 9-11 terror attacks and concerns of a probable slowdown in developed economies are encouraging Islamic investors to turn their focus into growth economies like India and China. Saudi Economic and Development Company (Sedco) and Bearys Group have come together to invest $20 million for […]
MUMBAI, NEW DELHI, AUG 14: The position of HSBC India CEO, Naina Lal Kidwai, 49, as the bank’s boss now hangs in balance, with the Reserve Bank of India asking her to step down from the global board of Nestle SA. The RBI has withheld approval of Kidwai as HSBC CEO until she quits […]
Private label credit cards made their way to India as part of HSBC’s ‘Household Model’. In the United States many customers are fimiliar with cards such as the Best Buy card, or perhaps their CompUSA credit card. Regulators, on the other hand, are familiar with Shea v Household where Household International, and later […]
Mumbai September 10, 2005 - The UK-based Hongkong and Shanghai Banking Corporation (HSBC) has signed an agreement with US-based Global Payments Inc to form a joint venture for credit card merchant acquiring businesses in Asia, including India. HSBC will transfer its existing credit card merchant acquiring businesses in 10 Asian countries to a new […]
The NBFC would enable HSBC to expand its retail operations in India
Mumbai, June 27, 2005 - HSBC, under its CSR initiative, is training their employees to be ‘green’ (environment-friendly), and has earmarked a $50 million spend over a five-year period to help communities across the globe protect the environment. HSBC India’s senior vice-president and head-SME, commercial banking, Royston Braganza, said, “Our initiative, investing in nature, […]
One report from HSBC in England said recently that HSBC introduced a new credit card to help customers keep their balances down. Meanwhile a report from Mumbai India said HSBC and other banks in the US, UK, and India are offering promotions to get customers to use their credit cards during the lean season […]
Tuesday, 07 June , 2005, 09:21, Mumbai: The Israel-based NICE Systems Ltd has found a nice pasture for business in India. It has come armed with the solutions it has developed for recording and analysing every word, emotion and exchange in contact centre multimedia interactions. Banks such as HSBC and Barclays […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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