Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, annual data from Switzerland's central bank showed on Thursday. The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years. It stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has been mostly on a downward path, except for a few years including in 2011, 2013 and 2017, as per the Swiss National Bank (SNB) data.
The Financial Intelligence Unit (FIU), the federal economic snoop agency under the Union finance ministry, sent 289 legal requests to its counterparts across the globe during 2018-19 as compared to 177 in 2017-18 and 138 in 2016-17.
The ten-year-old girl from Mumbai is the youngest-ever in swimming history to complete the 10km Bermuda Round the Sound Open Swimathon in the Atlantic Ocean. Her feat on October 18 also made her the first Indian to win a gold medal in the under-12 category, and put her in contention for a place in the next edition of the Limca Book of Records.
The sequel, which is slated for August 22, will see a westernised Ganesha attired in Bermuda shorts and cap complete with tattoos and a guitar! He also seems to have learnt some English along the way too.
'Krishna is sure to be a success with his US education and zest for life even at 77. He may well turn out to be the best dressed external affairs minister we ever had.'
New Zealand thumped minnows Ireland by 290 runs in Aberdeen on Tuesday to register the biggest margin of victory in one-day internationals in the opening match of the Associates Tri-series. New Zealand smashed a mammoth 402 for two in their 50 overs and in reply bowled out Ireland for a mere 112 in 28.4 overs.
After a silence of about three months, Orient-Express Hotels, the Bermuda-based luxury hotel chain, has finally broken its silence on the apology sought by Indian Hotels Company Limited.
Terming "unproductive" the public dialogue between the Tatas and Bermuda-based Orient-Express, a key investor has asked the US-listed luxury hotel chain to come clear on its corporate governance structure.
Rediff.com introduces you to the athletes who have brought India glory in Birmingham.
Rajneesh Gupta highlights important numbers featuring the India team from the World Cups.
The Orlando-based Indian golfer reckons he will have to sort out his putting on the grainy Bermuda grass of the Delhi Golf Club he goes into the final two rounds of the Indian Masters.
Devotees entering temples in Tamil Nadu will have to follow a new dress code from January 1 as several important shrines have put up notice boards highlighting this.
Videsh Sanchar Nigam Ltd on Monday announced the acquisition of Teleglobe International Holdings, a provider of wholesale voice, data, IP and mobile signalling services.
The 19-year-old model from Downey, California, has freckles, brown eyes, bangs cut straight across her forehead, and goes to popular events like the music festival Coachella. But, does it matter that she's computer-generated?
It will be given to six associate member countries in an effort to raise standards before the 2011 World Cup.
The Indian world junior champion emerged joint-winner in the International invitational tournament in Bermuda.
The Indian ace beat GM Lenier Dominguez of Cuba in the penultimate round of the Bermuda invitational chess tournament to move to second place.
The Indian world junior champion was held by Ukrainian champion Andrei Volokitin in the seventh round of the invitation chess tournament in Bermuda.
Holland claimed the final qualifying place at the 2007 World Cup beating UAE by 145 runs in the ICC Trophy fifth-place play-off.
Phantom FDI refers to investments that pass through shell companies that have no real business activities and are tailor-made to cut tax liabilities.
The defeat saw the Indian slip to joint-third in the Bermuda Invitational chess tournament.
The Indian world junior champion forged ahead after sole leader Giovanni Vescovi of Brazil was beaten in the fifth round in the Bermuda chess tournament.
India will start their World Cup campaign against Bangladesh on March 17
India, Sri Lanka, Bangladesh and Bermuda have been drawn in Pool 2.
Scotland registered a 47-run victory over Ireland in the final of the ICC Trophy.
A B de Villiers hammered the fastest 150 in ODI history as he led South Africa to a record-equalling 257-run win over the West Indies. Images from the match.
Ryan Hinds will replace the injured Dwayne Smith in the West Indies squad for the ICC Champions Trophy.
Construction work on the USD 45-million ultra modern Brian Lara Cricket Complex has begun in South Trinidad
Ireland beat Bermuda by 97 runs on day 1 of the ICC Trophy Ireland 2005.
Method of ground and cricket block construction
Housing Development Finance Corporation has divested its entire stake in the Bermuda-based Spectramind for Rs 26.4 crore to Wipro.
Uruguay crushed Ecuador 4-0 in their Copa America opener on Sunday with help from an early sending off that deflated their opponents and assured the 15-times champions the simplest of starts to their campaign.
At the Milan Fashion Week, Giorgio Armani presented flattering silhouettes and sharp designs.
