The amount considered for the acquisition is 1.3 times the revenues Loadstone is expected to garner in 2012
According to a reliable source, the names of 'Preneet Kaur' and a name similar to one of Narayan Rane's sons allegedly feature on the HSBC list of Indians with Swiss bank accounts, says Sheela Bhatt/Rediff.com
The MoU deals with creation of a useful forum for exchange of views on financial and macro-economic issues. Official sources said the MoU will facilitate dialogue between the tax authorities of the two countries.
Lot of money is now being withdrawn from the Swiss banks and transferred to Singapore.
Federer received a standing ovation from the 15,000 capacity crowd that lasted several minutes.
Ukraine won 3-0 on penalties to reach the quarter-finals of the World Cup after the two teams played out a sterile scoreless draw.
The International Olympic Committee executive board on Wednesday recommended withdrawing recognition of the International Boxing Association (IBA).
An improvement in the wind speed November 21 onwards might bring air pollution levels down.
Hinata Miyazawa scored her fifth goal of the tournament as Japan beat Norway 3-1 in a clash of former champions on Saturday to reach the quarter-finals of the Women's World Cup.
The latest turn to the case comes just days after Switzerland made it clear that its law does not allow UBS to disclose client information. The US government had filed a suit against UBS demanding the banking major part with details of about 52,000 American clients, as it felt the Swiss bank was helping American citizens in tax evasion.
Switzerland set a new World Cup record for not conceding a goal after holding Chile scoreless through the first 67 minutes of their Group H match on Monday.
Key Team Anna member N Santosh Hegde has said that it's foolish to expect blackmoney stashed away in Swiss banks by Indians as they would have "cleaned out" by now and transferred it to other tax havens.
For India, the Swiss Challenge method is a new step in the field of public-private partnerships.
Distressed over gang rape of its national in Madhya Pradesh, Switzerland on Saturday sought a "swift" investigation into the incident so that the victim gets justice.
Indian shuttlers Saina Nehwal and H S Prannoy registered fighting victories in the last eight contests at the $120,000 Swiss Open Grand Prix Gold badminton tournament in Basel on Friday.
Philippe Coutinho scored a spectacular first-half goal for Brazil in their World Cup Group E opener on Sunday, only for Steven Zuber to cancel it out after the break.
The finance ministry has initiated steps under which the Swiss Federal Court of Justice would be requested to ensure that information on specific accounts is provided by April 1, 2011.
Swiss Simon Ammann won the first gold medal of the Winter Olympics, taking advantage of a poor performance by his Austrian rivals to claim the individual normal hill ski jumping title on Saturday. It was the third Olympic gold for the diminutive 28-year-old Ammann, dubbed Harry Potter because of his owlish looks, who won both individual titles at the 2002 Games but flopped in 2006.
The 25-year-old striker, who was born in Yaounde but raised in Basel, stood still with an apologetic frown on his face after he scored while the Switzerland players celebrated around him.
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The move draws a line under the Swiss government's rescue of UBS nearly five years after the bank threatened to collapse under the weight of more than $50 billion in losses on mortgage securities.
Former US Open champion Stan Wawrinka said he still had the game for the grandest stage after the Swiss veteran became the oldest man to win a singles contest at the tournament since a 40-year-old Jimmy Connors in 1992.
Allowing the elite to escape tax and regulation curbs economic growth, accelerates capital flight from poor countries and promotes corruption and crime around the world, says Rajni Bakshi.
India ace shuttler Saina Nehwal started her title defense on a positive note, thrashing Japan's Sayaka Sato in straight-games in the first round of the Swiss Open Grand Prix Gold at Basel, Switzerland.
Kit manufacturer Puma said it had traced a problem with ripped shirts for the Swiss team at Euro 2016 to a defective batch of material used only in a limited number of home jerseys for the team.
Top seed Kidambi Srikanth stormed into the semi-finals of the US $120,000 Swiss Grand Prix Gold badminton championship after a straight games victory over Takuma Ueda of Japan in the men's singles quarter-finals in Basel on Friday. The Indian beat the eighth seed 21-11, 21-12 in 31 minutes.
Amid a raging controversy over black money allegedly stashed by stud farm owner Hasan Ali in Swiss banks, Switzerland has said it is awaiting a "complete" request from India for help in this case since 2007.
Activist-turned-politician Arvind Kejriwal on Friday took on the issue of hawala money stashed in Swiss bank accounts.
Total export of gold, silver and coins in the month of June 2014 stood at 3.9 billion Swiss franc
P V Sindhu will be eager to return to the podium as former winner Saina Nehwal looks to regain her touch
Squandering the relief due to rain, Delhi recorded a jump in pollution levels and a smoky haze returned on Monday morning after residents flouted the ban on firecrackers on Diwali night.
Blatter said the recent World Cup in Qatar was emblematic of the larger issue affecting his sport: over-commercialization.
The recall of a crushing loss might not have the same attraction as the memory of an inspired victory for most top tennis players, but World No 8 Stanislas Wawrinka wears failure as a badge of honour stamped permanently on his arm.
The famous Swiss knives may soon be made in India with Sasana Enterprises, the Swiss knife-maker Victorinox's sole representative in the country, planning to put up a factory for kitchen knives.
Switzerland's never-say-die attitude and will to win was the key to turning around a match in which they had been pummelled by Serbia for much of the first half, Switzerland coach Vladimir Petkovic said on Friday.
Swiss Roger Federer came back from a slow start to beat Denis Istomin of Uzbekistan 4-6, 6-3, 6-2 in the second round at the Swiss Indoors tournament in Basel.
Wegelin, founded in 1741, is Switzerland's oldest bank.
Germany's richest woman and heir to the BMW car empire has been spared an embarrassing court appearance after her playboy lover admitted to defrauding her of millions of euros and attempting blackmail with intimate footage of their encounters.
The couple said that that they were strolling near the railway station at the Fatehpur Sikri after a day in Agra when the group started following them and later attacked.
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