HSBC has announced that India has become its third-largest profitable region, surpassing China. This growth is primarily driven by a strong performance in its global banking and markets division, catering to large corporations and including treasury operations. In 2023, HSBC’s profit before tax in India rose by 19% to $1.51 billion, following Hong Kong and the UK. Meanwhile, China’s profit witnessed a significant decline of 89% due to losses in various sectors.
HCL Tech, HDFC Bank among 10 companies which witnessed highest selling by mutual funds in December
Mutual funds reduced holdings in 10 major companies in December, with the highest selling in HDFC Bank (Rs 6,154 crore), followed by Voltas, HCL Tech,
February 8, 2025