A penalty of Rs 33.1 lakh has also been imposed on IIFL Samasta Finance Limited for non-compliance with certain provisions of the 'Non-Banking Financial Company - Systemically Important Non-Deposit ... ( read original story ...)
RBI penalises HSBC, IIFL Samasta Finance over compliance lapses
The Reserve Bank of India has imposed a ₹66.6 lakh penalty on HSBC for non-compliance with KYC norms and other directions. IIFL Samasta Finance was also fined for regulatory lapses. ( read original story ...)
China’s Chery Auto files IPO application in Hong Kong
China's Chery Automobile has submitted an application for an initial public offering in Hong Kong, according to a prospectus published on Hong Kong Stock Exchange on Friday. The IPO has CICC, Huatai ... ( read original story ...)
China tech startups race to capitalise on DeepSeek fever, Xi’s meeting
Chinese technology startups are racing for fresh fundraising to capitalise on the DeepSeek-induced fervor towards artificial intelligence, as well as President Xi Jinping's recent show of support to ... ( read original story ...)
HSBC focuses on digitisation to make banking easier
HSBC remains committed to making banking easier and more secure within the ever-evolving economic landscape by blending the power of digitisation with the expertise of our colleagues and the strength ... ( read original story ...)
Chinese GPU firm MetaX plans to lay off 200 employees ahead of IPO launch
Chinese GPU maker MetaX is initiating a pre-IPO layoff plan, affecting around 200 employees, or 20% of its 900-person workforce, local media outlet ... ( read original story ...)
Abu Dhabi and Shanghai partner to boost trade and investment
Abu Dhabi Investment Office and Shanghai Municipal Commission of Commerce sign agreement to strengthen economic ties ... ( read original story ...)