The Latest Breaking News from HSBC

Cummins India shares fall over 4% as Q1 net profit dips 8% to Rs 543 crore. Buy, sell or hold?

Cummins India experienced a decline in shares following an eight percent dip in profits for the June quarter. In contrast, revenues surged with an impressive eighteen percent increase compared to last year. With managing director Shveta Arya set to depart by the end of August, analysts express varied opinions, highlighting…

The Economic Times · Aug 6

Strong miners offset weak Asia-focused financials

Next gained 5.7% as it raised profit guidance once again.

Evening Standard · Aug 5

HSBC picks ICICI Bank, Titan, 8 other stocks to ride a potential $25 billion FII inflow as AI trade volatility looms

HSBC expects India to attract up to $25 billion in foreign equity inflows if global investors rebalance portfolios away from volatile AI-driven markets. The brokerage has identified 10 preferred stocks, including ICICI Bank, Titan, M&M and Adani Ports, citing strong earnings visibility, domestic demand and structural growth drivers.

The Economic Times · Aug 5

Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn

Levy could raise £19bn to help pay for Andy Burnham’s support for those struggling with bills, say campaigners

The Guardian - UK · Aug 4

HSBC chief says ‘UK growth needs strong banks’ after profits swell by 23%

HSBC has rounded off a bumper reporting season for the UK’s high street banks.

Evening Standard · Aug 4

Ather Energy share price target goes up to Rs 1,714. What are CLSA, Nomura, and HSBC saying?

Ather Energy shares surged up to 18% after the electric two-wheeler maker reported a sharp improvement in its June-quarter performance, prompting global brokerages including Nomura, CLSA, HSBC and Emkay to reiterate bullish views. Analysts cited strong demand, improving margins and capacity expansion, with target prices implying upside of up to…

The Economic Times · Aug 4

Global Market: HSBC H1 profit jumps 23%, beats estimates on strong wealth, interest income

HSBC Holdings reported a stronger-than-expected 23% rise in first-half pretax profit, driven by higher net interest income and robust growth in wealth management. The banking giant also announced a $1 billion share buyback and declared a second interim dividend of $0.10 per share, underscoring its focus on rewarding shareholders.

The Economic Times · Aug 4

HSBC first-half profits surge by 23% to 19.5 billion dollars

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Evening Standard · Aug 4

HSBC launches $1 billion share buyback after profits surge leads to calls for bigger bank taxes

The bank said the growth was driven by higher net interest income and increased fee income

The Independent UK · Aug 4

SBI, HSBC and ICICI lead India's overseas deposit drive, data shows

HSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion and $3.7 billion, respectively. Launched to support the rupee and boost foreign currency inflows, the scheme helped banks attract $36.7 billion. FCNR(B) deposits surged to $60.55 billion…

The Economic Times · Aug 3