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StanChart Securities starts retrenchment process in India

Standard Chartered Securities is set to axe close to 30 jobs from its India business as it is winding down operations in the country. People familiar with the development said retrenchment letters......

When R K Krishna Kumar Spoke To Rediff

R K Krishna Kumar, one of the stalwarts of the Tata group, passed away on Sunday, January 1, 2023, evening. A close lieutenant of then Tata Sons chairman Ratan Tata, he spoke to Rediff.com's......

Banking sector to see profits plunge by 11%

Led by state-run banks which are set to report increased strains on asset quality, the banking sector is set to see net profits decline by 11 per cent in Q1 as compared to the last quarter of......

HSBC's cost-cutting may lead to job losses in India

As many as 40 staffers, in the key equities and investment banking division in India, could be asked to go as part of the London-headquartered lender's global layoffs, said people aware of the......

StanChart to raise UTI Securities stake to 74%

Standard Chartered Bank Mauritius has decided to exercise the option to raise its stake in UTI Securities to 74 per cent and is also conducting a rebranding exercise for the financial services......

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