Zomato’s stock rallied following its Q2 FY25 earnings, revealing a net profit of ₹36 crore compared to a ₹251 crore loss in the same quarter last year. The company saw revenue spike 72% to ₹2,848 crore, driven by significant growth in its quick commerce arm, Blinkit. Blinkit’s contribution-positive status for the first time has transformed […]
In a blockbuster move set to shake up the market, Pfizer has announced its plan to sell approximately 540 million ordinary shares in Haleon, one of the largest consumer healthcare companies in the world. This sale represents about 5.9% of Haleon’s total share capital and reflects Pfizer’s ongoing strategy to reduce its non-core assets. Pfizer, […]
HSBC has downgraded its outlook on Spectris Plc, reducing its stock rating from “buy” to “hold,” while dramatically slashing its price target from GBP 37 to GBP 30.50. This move, based on a comprehensive analysis of Spectris’ recent acquisitions and shifting financial projections, sends shockwaves through the market and casts doubt on the company’s future […]
Visa (NYSE: V) and HSBC (LON: HSBA) have unveiled a major advancement in digital finance with the launch of Zing, a comprehensive international payments application. Initially rolled out in the U.K. in January 2024, Zing allows users to hold, send, and manage funds in over 30 currencies and perform transactions across more than 200 countries […]
HSBC Latin America B.V., a subsidiary of HSBC Holdings plc, has finalized the sale of its Argentine operations to Grupo Financiero Galicia, marking a significant transaction in the banking sector. The deal, valued at $550 million, involves the complete transfer of HSBC’s Argentine business, including banking, asset management, and insurance sectors, along with $100 million […]
Doral Renewables LLC has announced the closure of a significant construction debt financing deal, valued at $114 million, for its Great Bend Solar project. The financing arrangement was facilitated by HSBC, serving as the sole lender for the project. This deal is broken down into three main components: a $36 million construction-to-term loan facility, a […]
In a significant move to enhance its financial crime detection capabilities, HSBC, a global banking and financial services institution, has expanded its relationship with Silent Eight, a leading RegTech firm known for its innovative solutions in combating financial crimes. This collaboration marks a pivotal step in HSBC’s ongoing efforts to improve efficiency, accuracy, and adaptability […]
HSBC has teamed up with Google Cloud to drive advancements in climate mitigation and resilience by providing financing and support to companies within the Google Cloud Ready – Sustainability (GCR-Sustainability) program. This collaboration marks a significant effort to accelerate the development and implementation of climate technologies, with HSBC exploring venture debt financing options for GCR-Sustainability […]
Dowsure Technologies, a leader in digital API platforms for cross-border e-commerce, announced today that it has secured a multi-million-dollar Asset-Backed Loan (ABL) from HSBC. This comes on the heels of a strategic investment made by HSBC Ventures in July 2023. HSBC has acted as the sole Arranger, Original Lender, Facility Agent, Security Agent, and Account […]
HSBC India has announced a strategic partnership with Tata Motors, an Indian automobile manufacturer, to introduce a corporate employee financing solution aimed at accelerating the adoption of zero emission electric vehicles (EVs). The collaboration reflects the shared vision of both organizations to promote sustainability and reduce carbon emissions in the road transport sector, paving the […]