Taiwanese shares saw their worst-ever selling streak by foreign investors as heavyweight Taiwan Semiconductor Manufacturing Co. fell out of favor. Global funds reduced holdings for the past 12 sessions, shedding a net NT$391 billion ($11.9 billion) worth of Taiwanese stocks through Wednesday, according to exchange data compiled by Bloomberg. TSMC, which accounts for more than […]
Maruti Suzuki Share Price: HSBC says India will be EV export hub, sees 10% upside in stock – CNBC TV18
Brokerage firm HSBC has a ‘buy’ rating on Maruti Suzuki with a target price of ₹14,000 per share. This is an upside of nearly 10.5% to the previous day’s closing price of ₹12,673 apiece. Company Value Change %Change It said India will be the export hub for electric vehicles for Suzuki and even Toyota. The […]
HSBC to buy back $3 billion shares as profit beats estimates – CNBC TV18
HSBC Holdings Plc announced a fresh multibillion-dollar stock buyback as it reported better-than-estimated earnings days after unveiling a major restructuring of its business. Europe’s largest bank said Tuesday that it would repurchase up to $3 billion shares. Third-quarter pretax profit rose 9.9% from a year earlier to $8.48 billion, beating estimates, according to a statement. […]
HSBC reiterates bullish stance on Ola Electric, maintains ‘buy’ rating with Rs 110 target – CNBC TV18
HSBC Global Research has reiterated its optimistic outlook for Ola Electric, maintaining a ‘buy’ rating for the electric two-wheeler maker’s scrip with a target price of ₹110 apiece. HSBC considers the stock as a high-risk, high-reward opportunity, emphasising that the company’s future upside largely hinges on the success of its electric vehicle (EV) bikes and […]
Paisabazaar launches festive offers on American Express, HSBC, Axis and HDFC credit cards: How to avail – CNBC TV18
Paisabazaar, India’s largest marketplace for consumer credit, has announced exclusive festive offers on select credit cards. The platform will offer free gift vouchers for customers who activate their new credit cards through Paisabazaar. Customers who apply for specific cards from American Express® and HSBC will receive a ₹1,500 Amazon voucher. The eligible cards include the […]
PTC Industries raises ₹700 crore by selling shares to Motilal Oswal, HSBC, others – CNBC TV18
PTC Industries Ltd. the engineering components manufacturer, completed its institutional share sale process on Monday, through which it has raised ₹700 crore, it said in an exchange filing. The company approved the allotment of 5.3 lakh equity shares to eligible institutional investors at the end of its board meet on Monday. PTC Industries has fixed […]
Foreign investors ‘crowded out’ of Indian market, turning to China despite neutral stance: HSBC – CNBC TV18
Foreign investors are being “crowded out” of the Indian stock market because the demand from local investors is strong, says Herald Van Der Linde, Head of Asia Equity Strategy at HSBC. The inflow of foreign funds into India has also slowed down because of the high valuations of Indian stocks As a result, these investors […]
HSBC offers $3 billion buyback as wealth income offsets rate cut anxiety – CNBC TV18
HSBC Holdings announced a $3 billion share buyback and upgraded its income outlook on Wednesday (July 31), as the bank showed progress in its efforts to shield its business from global interest rate cuts that may hit lending revenue. The lender’s shares rose 4% in London as investors cheered its stable first-half profit growth, gains […]