Category: Business & Economy

HSBC Holdings Plc is making big changes to its management in Asia to improve how they serve customers. The bank is giving country leaders in smaller markets more responsibilities to make things simpler and cut down on extra layers of management.

Starting March 1, Peter Kim will be in charge of banking in Korea, in addition to being the CEO. Tim Evans will have a similar role in Vietnam. An internal memo from the bank confirmed these changes. A spokesperson mentioned that these changes will create a simpler organization, allowing HSBC to provide better service and meet their goals more quickly.

Other leaders like Omar Siddiq, Adam Chen, and Giorgio Gamba will also take on extra jobs in Malaysia, Taiwan, and Thailand. Some employees in commercial and global banking applied for new roles but didn’t succeed.

HSBC’s CEO, Georges Elhedery, who started last year, is making these changes to lower costs and reduce confusion in the company. He has combined parts of the commercial banking division with global banking and markets. The bank is also stepping back from some investment banking activities in Europe and the Americas.

Late last year, HSBC asked many managers to apply again for jobs in a new corporate and institutional banking division. They are changing the titles of some senior staff from “general manager” to “managing director,” which is a title used in many large financial companies.

The bank is also planning to hire a new leader for banking in international markets to oversee countries like Bangladesh, Indonesia, Mauritius, the Philippines, Sri Lanka, Thailand, and Vietnam. In key markets such as China, India, and Singapore, HSBC has appointed Zhenyi Tang, Ajay Sharma, and Gilbert Ng as heads of banking.

On Monday, Gautam Adani, the chairman of the Adani Group, announced that they will invest over ₹1.10 lakh crore (₹1.10 trillion) in Madhya Pradesh. This investment will create more than 1.2 lakh jobs (1.2 hundred thousand) in the state by 2030. He shared this exciting news at the MP Global Investors Summit 2025.

Adani mentioned that the Group is also discussing projects like a brand-new smart city, an airport, and a coal-gasification project, which could involve an extra investment of ₹1,00,000 crore (₹1 trillion).

“Our plans are not just about money,” Adani said. “They are about making Madhya Pradesh a top place for job opportunities and economic growth.” He noted that the Group has already invested over ₹50,000 crore in areas like energy, infrastructure, and agriculture, creating 25,000 jobs so far.

Adani also praised Prime Minister Narendra Modi for changing India, saying that under his leadership, India is not just following global trends but is now setting them. He credited the state’s government for making Madhya Pradesh one of the best places to invest, with a projected state GDP of over ₹15 lakh crore (₹15 trillion) in the coming years.

According to Adani, making a state great isn’t just about building roads and bridges; it’s about creating endless opportunities.

New Delhi: The Nifty Pharma index was struggling in a tough market around 10:14 AM (IST) on Friday. Gland Pharma Ltd. rose by 0.72%, and Natco Pharma Ltd. went up by 0.39%, making them the top gainers. On the other hand, many companies faced losses: Ipca Laboratories Ltd. dropped by 3.2%, Divi’s Laboratories Ltd. fell by 3.13%, and Ajanta Pharma Ltd. decreased by 2.81%. Biocon Ltd. and Laurus Labs Ltd. also lost 2.34% and 1.94%, respectively.

At this time, the Nifty Pharma index was down by 1.36%, sitting at 20,503.85. The NSE Nifty50 index dropped by 152.46 points to reach 22,760.7, while the BSE Sensex fell by 435.13 points to 75,300.83. Out of the 50 stocks in the Nifty index, only 8 were gaining, but 42 were losing.

Among the most traded stocks on the NSE were Vodafone Idea, YES Bank, IREDA, Suzlon Energy, and NHPC. Deccan Cements, Redington, Blue Coast Hotel, Norben Tea Exp, and Camlin Fine Sc reached new highs in their stocks today. Meanwhile, Suratwwala Business, AGS Transact Tech, Hindcon Chemicals, OneSource Specialty, and Godavari Biorefineri saw their stock prices hit new lows.

Fertilizer company stocks fell on Wednesday, but some still gained. Khaitan Chemicals & Fertilizers Ltd. saw the biggest rise, increasing by 7.19%. Other winners included Deepak Fertilisers (up 7.12%), Madhya Bharat Agro (up 4.95%), and Southern Petrochemicals (up 4.64%).

On the losing side, Paradeep Phosphates dropped 3.87%, while Mangalore Chemicals and Sikko Industries also saw losses. The Nifty50 index fell by 12.4 points to 22932.9, and the BSE Sensex slipped 28.21 points to 75939.18.

In other stocks, Bharat Electronics rose by 3.6%, and Hindalco Industries by 2.43%. But big companies like Dr. Reddy’s and Tata Consultancy Services faced losses, with Dr. Reddy’s dropping 2.64%.

On Wednesday, shares of Indian pharmaceutical companies fell by 2%, reaching their lowest point in seven months. This happened after U.S. President Donald Trump announced he wants to impose tariffs of about 25% or more on drug imports from other countries.

Out of 20 pharmaceutical stocks, 12 were down. India’s largest drugmaker, Sun Pharma, saw its shares drop by 2%, while Dr. Reddy’s shares fell by 4%, touching their lowest price since June. Aurobindo Pharma had a bigger hit, falling 6% to its lowest level in almost a year, and Cipla, the third-largest drugmaker in India, lost 2.2%.

The index slightly improved later and was down 0.7% as of 10:44 a.m. IST. Indian drug companies make a large part of their money from the U.S., which is the biggest buyer of Indian drugs. In the last fiscal year, India exported $8.73 billion worth of drugs to the U.S., a 16% increase from the previous year, making up about 31% of the entire industry’s exports, according to the Pharmaceuticals Export Promotion Council of India (Pharmexcil).

Many investors are worried because these companies depend heavily on U.S. sales. Shrikant Akolkar, a pharma expert at Nuvama Institutional Equities, explained that Trump’s tariff plans make the future uncertain for these companies. On Tuesday, Trump told reporters that tariffs on pharmaceuticals and semiconductor chips will start at 25% and could increase further, although he didn’t say when this would take effect.

Trump also mentioned he wants to give companies time to open factories in the U.S. so they can avoid these tariffs. However, Akolkar said that building new factories and getting the necessary approvals will take a long time, and operating in the U.S. is more expensive than in India due to higher labor costs.

Earlier this week, Sun Pharma’s Managing Director, Dilip Shanghvi, said that if these tariffs happen, customers will ultimately pay the price. So far this year, pharma stocks have lost around 12% in value, while the main stock index Nifty 50 has decreased by 4%.

NEW DELHI: Sugar company stocks are doing really well today! At 10:19 AM, Rana Sugars Ltd. saw a jump of 7.14%, followed by KM Sugar Mills Ltd. up by 6.83%, and Sakthi Sugars Ltd. rising by 6.18%. Other big winners include Bajaj Hindusthan Sugar Ltd. (up 5.88%), Shree Renuka Sugars Ltd. (up 5.15%), Ugar Sugar Works Ltd. (up 4.86%), and Vishwaraj Sugar Industries Ltd. (up 4.72%). The NSE Nifty50 index was up 76.3 points at 23,021.6, while the 30-share BSE Sensex was up 270.16 points at 76,237.55 around the same time.

In the Nifty group of stocks, some companies also made gains. Bharat Electronics Ltd. went up by 2.81%, Trent Ltd. by 1.63%, and Tata Steel Ltd. by 1.57%. Other top gainers included Axis Bank Ltd. (up 1.43%), IndusInd Bank Ltd. (up 1.39%), and Hero MotoCorp Ltd. (up 1.26%).

However, some stocks were not doing as well. Dr. Reddy’s Laboratories Ltd. went down by 1.88%, Tata Consultancy Services Ltd. fell by 1.32%, and Mahindra & Mahindra Ltd. was down by 1.06%. Other companies like Britannia Industries Ltd. and Hindustan Unilever Ltd. also saw small drops.

The Indian Rupee fell by 8 paise, closing at 86.96 against the US Dollar. This drop happened because foreign investors are selling Indian stocks, and the US Dollar is getting stronger. Forex traders believe the Rupee is likely to keep slipping as investors continue to pull out.

Today, the Rupee opened at 86.94, reached a high of 86.91, and a low of 86.98 before ending at its current value. This follows a bigger drop where the Rupee fell by 17 paise to 86.88 just two days ago.

The trade deficit in India is also affecting the Rupee. Exports dropped for the third month in a row, down 2.38% year-on-year to USD 36.43 billion, while imports increased by 10.28% year-on-year to USD 59.42 billion, mainly due to rising gold shipments.

The US Dollar Index, which shows how strong the Dollar is compared to other currencies, rose by 0.35% and is now at 106.95. In the oil market, Brent crude oil prices went up by 0.77% to USD 75.80 per barrel.

In the stock market, the BSE Sensex fell 29.47 points, settling at 75,967.39, and the Nifty dropped by 14.20 points to 22,945.30. Foreign Institutional Investors (FIIs) sold stocks worth ₹3,937.83 crores on Monday, based on exchange data.

Experts believe the Rupee will continue to weaken due to weak stock markets and the stronger US Dollar. However, the Reserve Bank of India (RBI) might step in to support the Rupee. Traders will also be looking for updates from the Federal Open Market Committee (FOMC) members for guidance.

In another note, Chinese President Xi Jinping held a meeting with business leaders, including billionaire Jack Ma, to help improve business confidence as the Chinese economy faces challenges.

Online meat seller Licious, supported by the big investment firm Temasek Holdings, wants to make money before it goes public in 2026. The company, which runs Delightful Gourmet Pvt Ltd, is opening more physical stores and speeding up deliveries to compete with fast delivery services.

Licious aims to make a profit by August this year, as stated by co-founder and CEO Vivek Gupta. He mentioned, “We want to be ready for our IPO in 12 months.” Founded in 2015 and based in Bengaluru, Licious is targeting a company value of over $2 billion for its upcoming IPO. It was worth $1.5 billion during its last funding round in 2023.

India has a booming IPO market, and Licious is joining in. The company plans to use the money from its IPO to buy smaller stores and give its investors a chance to sell their shares. Almost 75% of India’s 1.4 billion people eat fish, chicken, or meat, making it a huge $26 billion meat market and a $59 billion fish market. Licious is already in 20 cities and believes people will pay more to have meat delivered to their homes instead of going out.

Currently, Licious promises deliveries in 90 minutes but is working on getting it down to just 30 minutes to compete with quick delivery services like Zomato and Swiggy.

In New Delhi, on Tuesday at around 10:19 AM, many fast-moving consumer goods (FMCG) stocks were moving up and down. Some of the companies with gains included:

– Gillette India Ltd. (up 2.71%)
– Adani Wilmar Ltd. (up 2.21%)
– Tasty Bite Eatables Ltd. (up 2.08%)
– Patanjali Foods Ltd. (up 1.38%)
– Dangee Dums Ltd. (up 1.29%)

But not all companies were doing well! Some of the biggest losers were:

– Nakoda Group Of Industries Ltd. (down 16.55%)
– Dodla Dairy Ltd. (down 3.34%)
– Bikaji Foods International Ltd. (down 3.22%)

In the broader market, the Nifty50 was down 62.16 points, sitting at 22,897.35. The 30-share BSE Sensex also saw a drop, down 144.91 points to 75,851.95.

In the technology and healthcare industry, some companies were performing well, such as:

– Tech Mahindra Ltd. (up 1.23%)
– Apollo Hospitals Enterprise Ltd. (up 1.1%)
– Wipro Ltd. (up 0.95%)

However, a few major banks and auto companies struggled, with IndusInd Bank Ltd. dropping 1.9% and Tata Motors Ltd. decreasing by 1.16%.

NEW DELHI: Today, at 10:04 AM, several stocks were being traded a lot on the National Stock Exchange. Here are some of them:

– Srestha Finvest: 2.24 crore shares
– Vodafone Idea: 0.88 crore shares
– Kansal Fibres: 0.42 crore shares
– Remedium Lifecare: 0.36 crore shares
– Standard Cap: 0.30 crore shares
– NCL Research: 0.23 crore shares
– G G Engineering: 0.23 crore shares
– Spicejet: 0.23 crore shares
– Vakrangee: 0.22 crore shares
– Thinkink Picturez: 0.20 crore shares

At the same time, the Nifty index was down by 19.66 points, staying at 22,939.85. Similarly, the BSE Sensex dropped by 9.07 points to reach 75,987.79.

In the Nifty Index, some companies saw their stocks go up, including:

– Tech Mahindra Ltd.: +1.16%
– Wipro Ltd.: +1.04%
– Apollo Hospitals: +1.00%
– Infosys Ltd.: +0.93%
– Bajaj Finserv Ltd.: +0.80%

However, not all companies did well. Some saw their stocks go down, such as:

– IndusInd Bank Ltd.: -1.65%
– Grasim Industries Ltd.: -1.31%
– Hero MotoCorp Ltd.: -1.30%
– Tata Steel Ltd.: -1.11%
– HDFC Life Insurance Company Ltd.: -0.98%