The finance ministry on Saturday asserted that Indian customer deposits in Swiss banks have fallen since 2019, but said it is seeking details from Swiss authorities on the relevant facts along with their view on possible reasons for changes in the funds parked by individuals and entities in 2020. In a statement, the ministry said the deposits have halved but did not give numbers. Quoting data from Switzerland's central bank, PTI had reported on June 17 that funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 13-year high of 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.
Auckland in New Zealand has been named the world's most liveable city.
Blatter, who is currently serving a six-year ban from football-related activities over ethics violations, will not be prosecuted for the matter which relates to selling TV rights for World Cup tournaments too cheaply.
'I guess I just put too much pressure on myself, aiming so high and I just have to take it step by step, not think too much about the future and be irrational'
Juan Martin del Potro took advantage of an error-strewn Marin Cilic performance to beat the defending champion for a seventh time in a row on Saturday to set up another Swiss Indoors final showdown with Roger Federer.
Following is a list of high-ranking officials to have been implicated or punished in the bribery and corruption crisis that has engulfed FIFA.
Multiple Olympic champion Usain Bolt will train with Borussia Dortmund on Friday as the retired Jamaican sprinter fulfils his ambition to workout with a major professional soccer team, the German club said on Thursday.
How many of these destinations will you add to your 2020 bucket list?
As the world struggles with the deadly coronavirus, there are some who are dealing with the pandemic in their own unique way. Here are 12 images that show how.
Ferrari launched four other models -- 488GTB, 458 Spider, 458 Speciale and F12 Berlinetta.
These 10 images prove that it's an odd, odd world.
Russian Sports Minister Vitaly Mutko said on Wednesday he saw no threat to Russia hosting the World Cup in 2018 and that its successful bid to host the tournament was in line with the law.
FIFA will hold an extraordinary executive committee meeting in July to discuss dates for the presidential election which will choose a replacement for Sepp Blatter, soccer's governing body said on Wednesday.
Citing the impact of the second wave of the pandemic over the economy and consumer sentiment, Swiss brokerage Credit Suisse has lowered its nominal GDP growth forecast by 150-300 bps to 13-14 per cent, but expects a stronger recovery in the second half as it sees the lockdowns having limited impact on tax collections. Last month, Neelkanth Mishra, the co-head of equity strategy for Credit Suisse Asia Pacific, and India equity strategist, had told PTI that he expected the real GDP to fall to 8.5-9 per cent in FY22 due to the more severe pandemic attack. The virus case load has crossed the 25-million mark, death toll from the same is nearing 2.9 lakh mark, which is one of the highest in the world as the test positivity rate has been around 15 per cent for long.
Etihad said it declined to lodge an EoI to reinvest in Jet Airways because of unresolved issues concerning the airline's liabilities.
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.
Rafael Nadal, after having suffered a 6-2, 7-6 (7-4) loss in the quarter-finals of the Swiss Indoors to teenager Borna Coric, has shut down his season to undergo appendix surgery.
Rolex has been masterful at playing the demand-supply game, limiting its issue of coveted and in-demand watches to only one or two pieces per dealership.
We live in a wonderfully weird world and here's the proof!
Interpol is suspending its 'sports integrity' agreement with FIFA in light of the ongoing investigations .
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
Etihad is the fourth airline to operate the super jumbo aircraft to India.
Top seed Roger Federer was finally forced to work hard for a win at the Swiss Indoors tournament as he fought back to beat Adrian Mannarino 4-6, 6-1, 6-3 in his quarter-final on Friday.
Blatter, who led world soccer's governing body for 17 years, was suspended from the sport for six years for ethics violations in 2015 amid the biggest corruption scandal to shake FIFA.
India has been battling a second wave of the COVID-19 pandemic that has forced many countries to ban travellers from India.
Chopping of trees started on Friday night, hours after the Bombay High Court dismissed petitions challenging Tree Authority's decision to axe trees in Aarey to make way for the rake depot.
The central probe agency had filed a money laundering case to probe the deal and is carrying out the action to collect evidence under the Prevention of Money Laundering Act (PMLA), officials said.
Swiss authorities have opened criminal proceedings against individuals on suspicion of mismanagement and money laundering related to the allocation of the 2018 and 2022 FIFA soccer World Cups in Russia and Qatar.
Swiss police are investigating a bomb threat at the FIFA congress, a spokeswoman said on Friday.
The world wants to halt climate change, but do it without affecting economic growth and consumption. This fundamental contradiction is the key theme at Davos 2020.
FIFA has admitted that it would be using the next World Cup to display FIFA's zero-tolerance policy against any form of discrimination, in view of receiving widespread criticism of its lackluster efforts in Brazil during the World Cup held earlier this year.
Home favourite Roger Federer barely broke sweat as he beat David Goffin 6-2, 6-2 to win the Basel Indoor title for the sixth time on Sunday.
FIFA President Sepp Blatter confirmed that he had submitted bid to run for re-election
World champion Muktar Edris, who beat Farah at the World Championships in London two weeks ago, was among the trio left sprawled on the track in the Briton's wake as Farah dived over the line.
Greek third seed Stefanos Tsitsipas battled back from a set down to beat Serbia's Filip Krajinovic 3-6, 6-4, 6-4 in the quarter-finals of the Swiss Indoor championship on Friday. The win took Tsitsipas into his 10th semi-final of the season where he will face top seed Roger Federer, who was handed a walkover after Swiss compatriot Stan Wawrinka withdrew before their quarter-final with a back issue.
Ex-UEFA chief Michel Platini was arrested, on Tuesday, in connection with a probe into the awarding of the 2022 World Cup to Qatar, a source close to the investigation said.
'Our preference remains for the less-expensive industrial stocks, which are showing good earnings momentum.'
Mohamed Salah heads to the World Cup with the reputation of being one of the most lethal finishers in the game, and his country's hopes of making it to the knockout stages rest overwhelmingly on his shoulders.
Cristiano Ronaldo's son Cris junior is a Lionel Messi fan the boy's father said after they met up with the Argentina captain at the Ballon D'Or ceremony in Zurich on Monday.
Images from the UEFA Champions League matches played on Tuesday night.
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