Page 4 - Standard Chartered
Veterans script a new plot in shadow banking, raise Rs 4,000 cr in equity
It is the biggest ever pool of capital to back professionals in this space even as some of the established players are being put through the wringer
 "Veterans script a new plot in shadow banking, raise Rs 4,000 cr in equity")
Facebook, LG, others restrict business travel to China on coronavirus fear
Facebook became the first major US company to announce a travel suspension after the US government's warning
 "Facebook, LG, others restrict business travel to China on coronavirus fear")
India needs $2.64-trn investment to meet UN's Sustainable Development Goals
At $701.5 billion, the greatest private sector opportunity in the country is investment in achieving and maintaining universal access to electricity, which is the seventh SDG.
 "India needs $2.64-trn investment to meet UN's Sustainable Development Goals")
CG Power fraud: Thapar cites board approvals, denies fund misuse charges
CG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power.
 "CG Power fraud: Thapar cites board approvals, denies fund misuse charges")
Piramal gets waiver on debt contract after offering to pay Rs 15 bn early
It's a very 'routine treasury transaction,' Piramal Enterprises said in an email response
 "Piramal gets waiver on debt contract after offering to pay Rs 15 bn early")
Bandhan Bank to focus on affordable housing post takeover of Gruh Finance
Lender bets on MSME sector as well, starts co-branded credit card with Stan Chart
 "Bandhan Bank to focus on affordable housing post takeover of Gruh Finance")
StanChart to be first foreign bank to launch ops at GIFT IFSC; may open branch this yr
The GIFT City Thursday said US-based Standard Chartered will be the first foreign bank to launch operations at International Financial Services Centre (IFSC). Standard Chartered has received in-principle regulatory approvals to set up its IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City), it said in a release. The US-based lender is expected to start operations at IFSC by the end of this year, a GIFT City spokesperson said. The government had envisaged GIFT IFSC as a hub to bring offshore financial transactions, and with the presence of Standard Chartered, the IFSC ecosystem of India will become more formidable now, said Tapan Ray, MD & Group CEO, GIFT City. "In addition, the announcements made in the recent Union Budget have provided the much needed impetus to take GIFT on a fast track mode. This would definitely incentivise more international financial intuitions to set up their base in GIFT City," he said. The recent Budget has laid a special ...
Top 10 biz headlines: No relief for FPIs, more trouble for TikTok, and more
From super-rich tax to RCom's SIM swap fraud, Business Standard brings you the top headlines that made news on Thursday
Standard Chartered to pay $1.1 billion for sanctions violations
The settlement by the London-based bank is among the most severe imposed for sanctions violations, some of which occurred not long after Standard Chartered settled similar charges in 2012
 "Standard Chartered to pay $1.1 billion for sanctions violations")
StanChart to take $160 million charge from private equity sale
The bank is expected to take a restructuring charge of about $160 million from the sale
StanChart to raise up to $750 mn
StanChart to raise up to $750 mn
Standard Chartered to quit financing new coal-fired power plants
The company announced further steps that it is taking to meet its commitment to supporting the Paris Agreement on climate change
 "Standard Chartered to quit financing new coal-fired power plants")
GDP growth to recover to 7% in next few quarters: Standard Chartered report
Said the market is concerned about fiscal slippage in FY18 in the wake of GST implementation and higher crude oil prices
 "GDP growth to recover to 7% in next few quarters: Standard Chartered report")
Standard Chartered expects Brexit relocation will cost $20 million
In order to secure market access to the European Union when Britain leaves the bloc
Lack of dividend and loan growth take shine off Standard Chartered
The bank's profit jumped 93% in the six months to the end of June
Standard Chartered PE to set up Rs 1,900-crore warehousing JV
GST will increase need for integrated logistics services, improve interstate transportation of goods
 "Standard Chartered PE to set up Rs 1,900-crore warehousing JV")
Standard Chartered Q1 profit doubles to $1 bn as bad loans fall
StanChart said it made a pre-tax profit of $1 bn, up from $589 million in the same period a year ago
 "Standard Chartered Q1 profit doubles to $1 bn as bad loans fall")
StanChart PE sells 1.41% stake in Fortis for Rs 139 cr
The shares of the company were sold at an average price of Rs 190.66 apiece
Standard Chartered gets down to 'war-gaming' Trump trade battles
CEO Winters says bank planning in case 'things get very messy'
StanChart global lay-off to hit 40-50 banking staff in India
The rationale behind this exercise is to reduce duplication of work
