Composite PMI rises to 13-mth high in May
At 61.2 in May, the HSBC Index showcased a sharp rate of expansion in private sector activity. 'The increase was the most pronounced since April 2024. There was a mild loss of growth momentum in the manufacturing industry but service providers reported the fastest rise in output in 14 months,' according to a HSBC Flash India PMI note.
The HSBC Flash India Manufacturing PMI was little changed from April's reading of 58.2. At 58.3 in May, the latest figure was consistent with a sharp improvement in the health of the sector.Private sector growth in India moved up a gear during May, boosted by an acceleration in the service economy.
Strong influxes of new business, both from domestic and international markets, induced quicker expansions in business activity and employment. There was also an improvement in business confidence for the first time since January, said the HSBC.
'India's flash PMI indicates another month of strong economic performance. Growth in production and new orders among manufacturing firms remains robust, despite a marginal cooling from the rates of increase observed in April,' said Pranjul Bhandari, Chief India Economist at HSBC.
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News18
09-08-2025
- News18
Vogue Wedding Atelier Presented by HSBC India Set to Kick off in Style
Agency: PTI New Delhi, Delhi, India – Business Wire India • Vogue India launches the first-ever Vogue Wedding Atelier presented by HSBC India, an exclusive, invite-only bridal showcase hosted at the iconic Taj Palace, New Delhi, from 8 – 10 August 2025 • A curated celebration of couture, jewellery, beauty, fragrance, and heritage, the three-day event features top Indian designers alongside global luxury houses • Guests can look forward to intimate conversations, luxury brand showcases, masterclasses, mixology sessions and immersive experiences across all three days Vogue India, the country's most trusted voice in fashion, beauty and luxury, will be launching the Vogue Wedding Atelier presented by HSBC India, an invite-only bridal showcase hosted at the iconic Taj Palace, New Delhi, from August 8-10. Held in association with Audi and Dewar's Xperiences, this masterfully curated celebration of design, craftsmanship and storytelling brings together the finest names in Indian and global luxury across bridal couture, high jewellery, artisanal saris, beauty, fragrance and wedding services. 'Vogue has always been the most revered voice in the bridal landscape, whether that's through our coverage of the most beautiful weddings in India and beyond, or elevating handcrafted couture through our visual storytelling. With the Vogue Wedding Atelier, we've taken that legacy experience and turned it into an immersive one, crafted for the discerning bride. We're excited to be partnering with the best of the best that India has to offer, and we can't wait for our guests to see it all come together," said Rochelle Pinto, Head of Editorial Content, Vogue India. Sandeep Batra, Head, International Wealth and Premier Banking, HSBC India, said, 'At HSBC, we understand that life's most significant milestones deserve to be celebrated with unparalleled care and attention. Our partnership with Vogue Wedding Atelier reflects our commitment to creating meaningful connections with our clients by being part of their most cherished moments. This collaboration is a perfect synergy of exclusivity and emotional resonance, offering an elevated experience that aligns with the aspirations of today's discerning clientele. Together, we aim to redefine luxury and craftsmanship, making every wedding as unique and memorable as the love it celebrates." Day 1 will open with a walkthrough with Ami Patel, powered by HSBC, followed by a Vogue Views session featuring Sandeep Khosla of Abu Jani Sandeep Khosla in conversation with Rochelle Pinto. The day includes a draping masterclass by Dolly Jain, crafting your signature scent powered by Ajmal Dubai, a floral artistry showcase by Interflora India, a mixology experience by Patrón Experiences and a spectacular opening night celebration. Day Two will deliver a vibrant and immersive experience, featuring Vogue Views with Rochelle Pinto in conversation with jewellery designer Sunita Shekhawat, a Nykaa Luxe showcase The Ultimate Pillow Talk Bride powered by Charlotte Tilbury, the indulgent Bridal Skincare Edit by celebrity skin expert Dr Harshna Bijlani, bridal portraits by celebrity photographer Siddharth Sharma of House on the Clouds, a spirited mixology session by Grey Goose Vive Le Voyage and the Vogue Bijoux Ball to close the night on a high. Day 3 will begin with the Artisanal Table Experience by culinary curator Eeshaan Kashyap, followed by Crafting Your Signature Scent, powered by Ajmal Dubai. A jewellery styling masterclass by Anaita Shroff Adajania, powered by Suuraj Popley. Vogue Views will return with Rochelle Pinto in two Vogue Views conversations with visionary designers Manish Malhotra and Gaurav Gupta, leading into a masterclass in bridal beauty by celebrity makeup artist Tanvi Chemburkar, powered by YSL Beauty. The day will conclude with an elegant mixology session at The Royal Brackla Room, blending fine flavours and conversation. The Vogue Wedding Atelier brings together an extraordinary line-up of couture and fine jewellery, featuring some of the most iconic names in the industry. On the couture front, guests will experience creations by Abu Jani Sandeep Khosla, Aisha Rao, Anita Dongre, Delhi Vintage Co., Elie Saab, Falguni Shane Peacock, Gaurav Gupta, House of Masaba, JJ Valaya, Manish Malhotra, Pernia's Pop-Up Studio, Ridhi Mehra, Ritika Mirchandani and Shyamal & Bhumika. Complementing this are exquisite showcases by leading high jewellery houses, including Alok Lodha Jewels, Aneka, Hazoorilal Legacy, Khanna Jewellers, Mehta & Sons x Anjali Bhimrajka Fine Jewels, Raniwala 1881, Rare Heritage, Rivaah by Tanishq, Sabyasachi, Sanjay Gupta, Shri Paramani Jewels, Sunita Shekhawat, Suuraj Popley, and The House of MBJ. The experience is further enriched by thoughtfully curated partners across multiple luxury verticals. The Sari Pavilion honours India's textile heritage with handwoven pieces by DAREAAB by Sonia K Mahajan, Kanakavalli, Naina Jain and Patola by Nirmal Salvi. Beauty and fragrance partners include Ajmal Dubai, Jo Malone London, Nexxus New York, Nykaa Luxe, Victoria's Secret and YSL Beauty. Premium wedding services are offered by Creative Cuisines Inc., Katalyst Entertainment Pvt. Ltd., RVR Eventz & Design and Shloka Events. Finally, guests will enjoy bespoke gifting and lifestyle experiences from Ahujasons, Bateel, Ikkis, IZZHAAR, Luxe Weddings by Momentz, Pashmkaar, Portrait on Gold by Diviniti, Silver Emporium, The Laddoo Wala and Thomas Goode. Interflora India comes on board as floral partner. Join the Celebration: Follow the experience on Instagram, Facebook and X and join the conversation using #VogueWeddingAtelier. Press Visuals Available Here (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 09, 2025, 12:00 IST News agency-feeds Vogue Wedding Atelier Presented by HSBC India Set to Kick off in Style Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. 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Time of India
08-08-2025
- Time of India
HSBC takes extra space in Canary Wharf due to HQ squeeze
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Business Standard
06-08-2025
- Business Standard
Brokerages decode DLF Q1FY26 results; check what's in store for the stock
DLF Ltd reported an 18 per cent increase in consolidated net profit for the June 2025 quarter fiscal year 2025-26 (Q1-FY26)at ₹762.67 crore, as compared to ₹644.67 crore in the previous corresponding quarter. Revenue from operations nearly doubled to ₹2,716.70 crore, up 99 per cent from ₹1,362.35 crore in the same quarter last year. Here's how leading brokerages have interpreted DLF's Q1FY26 results. HSBC Pre-sales were strong but on expected lines, driven by the launch of Privana. Phase 1 of the recently launched project in Mumbai is sold out. DLF is seeing demand for Dahlias and is keen to restart sales before the start of experience centre. Using a WACC of 11.5 per cent (earlier 11.9 per cent) in line with our strategists' latest cost of equity assumptions, we compute a March 2026 NAV per share of Rs 829 (earlier Rs 795) and discount it back by six months (earlier nine months) to Rs 785 (earlier Rs731). We then apply a 26 per cent premium at 2 standard deviations (unchanged) above the mean to the NAV estimate to arrive at our target price of Rs 990 (earlier Rs 920). We maintain our Buy rating. Nomura We fine-tune target price to Rs 740 (Rs 730 earlier), driven by net debt adjustments on the back of the company's stronger-than-expected net cash position. While DLF generates robust margins/strong cash, we maintain Neutral rating as we believe the company's long-term growth potential is already priced into its valuation. Our current valuation at ~20 per cent premium to NAV prices in an ~8 per cent pre-sales CAGR over the next 13 years, which we believe is adequate (vs FY26E flat growth guidance). For us to turn positive on DLF stock, we would like to see management be more aggressive toward pre-sales growth on existing land bank or execute stronger-than-expected business development, driven by its strong cash position. Peers such as Macrotech (LODHA IN, Buy, FY26E pre-sales growth guidance of 20 per cent y-y on a slightly lower base) continue to be relatively more aggressive with +90 per cent of FY26F BD (business development) done in 1QFY26F itself. JM Financial Aided by the ramp-up in new assets and a strong development pipeline, we expect rental income to grow at 11 per cent CAGR over FY25-28E. DLF with its steady annuity cash flows and fully paid-up land banks remains extremely well placed to scale up across segments and newer geographies. We maintain a BUY rating with an SoTP-based target price of Rs 1,000. Nuvama DLF is emerging as a key beneficiary of the ongoing sector consolidation. It boasts an attractive rental portfolio that has grown steadily despite the pandemic. Besides, the company has a revamped balance sheet, which is likely to generate better cash flows. Thus, it is likely to be a key beneficiary of ongoing sector consolidation. We believe new launch trajectory will be a key trigger for the stock. With limited inventory levels, the company needs a steady stream of launches in order to maintain a healthy sales trajectory. We recommend 'BUY/SN' with a target price of Rs 1,005 derived by ascribing a 35 per cent premium to our Q1FY28E NAV of Rs 744.
