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E-commerce may create 12 million jobs over 10 years: HSBC

Business-as-usual estimates suggest India could have a shortfall of 24 million jobs over the next decade, a gap which e-commerce will fill...

Retail inflation to cross 6pc before easing from Sept: HSBC

Retail inflation is likely to cross the 6 per cent level over next two months but will ease thereafter as food prices abate and the base effect normalises, says a report. According to global financial services major HSBC, the inflation...

HSBC brokerage slashes Zomato’s $1bn value by half

HSBC's brokerage arm - HSBC Securities and Capital Markets (India) - has cut the valuation of Zomato. The restaurant search service's valuation was slashed from $1 billion to $500 million. The move comes close on the heels of a valuation downgrade in e-commerce player Flipkart...

GST to roll out by April 2017: HSBC report

A report of HSBC has said that the Goods and Services Tax (GST) Bill is likely to be passed this year, also the new indirect taxes regime will be rolled out from April next year. As per the global financial...

Cherry Hill extends solutions to retailers

Cherry Hill, a Delhi-based interior designing major, providing services to corporate workplaces across India, is in talks to tie up with foreign retail brands to set up and manage latter's stores in India. The tie-up, if turns real, will...

Narayana Murthy to be on HSBC board

Global banking giant HSBC said Indian IT major Infosys' chief mentor NR Narayana Murthy will join its board in May with an annual renumeration of 65,000 pounds (about Rs 52 lakh)."Nagavara Ramarao Narayana Murthy CBE (61 years old) has...

HSBC plans foray into retail brokerage

Moved by the rapid growth of the retail industry in India, HSBC (Hongkong and Shanghai Banking Corporation) India, are all set to make foray into the market with plans to adopt retail brokerage shortly.Naina Lal Kidwai, Group General Manager...

Stocks gain on positive news from US retailers

Close on the heels of the biggest shopping day of the year in the United States of America, stocks gained on positive news from U.S. retailers.The National Retail Foundation’s 2007 Black Friday Weekend Survey said more than 147 million...
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Stanley Lifestyles IPO subscribed 1.43 times on day 1 of offer

The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE dataNew Delhi:...
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