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Reuters

HSBC to exit India retail broking; 300 jobs to be cut

General

17 October, 2013

HSBC to exit India retail broking; 300 jobs to be cut

London-based HSBC said on Thursday it will exit its retail broking business in India, the latest global bank to scale ......

HCL beats estimates with 64% rise in Q1 PAT, but revenue growth lags peers

TMT

17 October, 2013

HCL beats estimates with 64% rise in Q1 PAT, but revenue growth lags peers

HCL Technologies, India's No. 4 IT services exporter, reported quarterly revenue that grew at a slower pace than that of ......

US Congress votes to raise debt ceiling and end default threat, temporarily

General

17 October, 2013

US Congress votes to raise debt ceiling and end default threat, temporarily

The U.S. Congress on Wednesday approved an 11th-hour deal to end a partial government shutdown and pull the world's biggest ......

Tata Global Beverages plans rare low-coupon bond

Consumer

16 October, 2013

Tata Global Beverages plans rare low-coupon bond

Tata Global Beverages will raise 3.25 billion rupees selling a type of low-coupon bond, sources said, the first prominent issue ......

Fitch warns it may cut America's AAA credit rating

General

16 October, 2013

Fitch warns it may cut America's AAA credit rating

Fitch Ratings warned on Tuesday it could cut the sovereign credit rating of the United States from AAA, citing the ......

Sibal sees telecoms consolidation as Vodafone lines up $2B investment

TMT

15 October, 2013

Sibal sees telecoms consolidation as Vodafone lines up $2B investment

Vodafone Group Plc has told the Indian government it plans to invest more than $2 billion in the country, a ......

HDFC Bank Q2 profit up 27%, slowest quarterly growth in a decade

General

15 October, 2013

HDFC Bank Q2 profit up 27%, slowest quarterly growth in a decade

India's third-biggest lender by assets HDFC Bank posted its slowest quarterly profit growth in a decade due to a drop ......

How Credit Suisse survived a painful bond surgery

General

14 October, 2013

How Credit Suisse survived a painful bond surgery

In spring 2009, senior Credit Suisse executive Gal de Boissard told colleagues at a strategy meeting that as the bank ......

Reliance Industries' Q2 net profit rises 1.5%, meets estimates

Manufacturing

14 October, 2013

Reliance Industries' Q2 net profit rises 1.5%, meets estimates

Energy conglomerate Reliance Industries Ltd met analyst estimates by posting a 1.5 per cent rise in September-quarter net profit, fuelled ......

KKR may pick stake in Gland Pharma for $150M

Healthcare

11 October, 2013

KKR may pick stake in Gland Pharma for $150M

Private equity firm KKR & Co LP will pay about $150 million for close to 30 percent of India's Gland ......