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 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......

Bharti hits bond mart, to raise at least $500 mn

Telecom major Bharti Airtel today hit the overseas bond market to raise a minimum of $500 million, said merchant banking sources who are advising on the sale."The bond sale programme, which is......

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......