India’s service sector continues to grow during Feb, PMI eases to 60.6
India's service sector continued to grow during February as positive demand trends supported sales and business activity, according to a recent survey.
India's service sector continued to grow during February as positive demand trends supported sales and business activity, according to a recent survey.
Indian bonds are likely to attract about USD100 billion of foreign inflows in the coming years, lured by the global bond index inclusion, according to HSBC Asset Management.
India’s manufacturing Purchasing Managers’ Index (PMI) recorded an 18-month low at 54.9 in December as against 56.0 in November, HSBC Purchasing Managers' Index (PMI) compiled by S&P Global said.
The Reserve Bank of India (RBI) has imposed a penalty of Rs 1,73,75,000 on The Hongkong and Shanghai Banking Corporation Limited (HSBC Ltd) for the contravention of certain rules under Credit Information Companies Rules, 2006 (CIC Rules).
The bank has 26 branches in 14 Indian cities and employs 39,000 people, including those in back-offices helping its global operations.
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