Swiss banks may have turned over client details to the US, but they have said India is not welcome there on a name-fishing expedition.
Ace Indian shuttlers Saina Nehwal and Parupalli Kashyap reached the pre-quarterfinals of the Swiss Open Grand Prix Gold after notching up contrasting victories in the women's and men's singles competitions in Basel.
Swiss skier, Didier Defago, flew out of the shadows of his more illustrious team-mates to win his country's first men's Olympic downhill title for 22 years on Monday.
The charges of aiding tax fraud, to which Credit Suisse has admitted, are serious and reflect the deep malaise that afflicts the Swiss banking system.
UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank's India employees a glimmer of hope. The surprise deal - engineered by the Swiss government - has triggered optimism of fewer job losses at Credit Suisse's India unit and better synergies at key verticals, such as wealth management and investment banking. "UBS is a much stronger hand. Coming within its fold will give Credit Suisse's wealth management and investment banking divisions a good home.
Pakistan's Supreme Court on Thursday directed Prime Minister Yousuf Raza Gilani to ask Swiss authorities to revive graft cases against President Asif Ali Zardari and to submit a report on the issue on March 21.
Finance Minister Pranab Mukherjee on Monday said he has noted reports about reservations Swiss banks have in sharing client details with India, but did not say what course of action the government would take.
Asked about top Swiss bank UBS AG, reeling under criticism for sheltering American tax evaders, agreeing to US government's demand for disclosure, Kochhar generally hedged queries saying Indian banks were not in that kind of business. Black money had become a major issue in the run up to the Lok Sabha polls in April-May, with BJP leader L K Advani claiming that $500 billion of Indian money was stashed in banks abroad.
India's men shuttlers had a great day in office with reigning Commonwealth Games champion Parupalli Kashyap winning the Austrian Open Championship in Vienna while young Sameer Verma made it to the summit clash of the Swiss Open.
The amount considered for the acquisition is 1.3 times the revenues Loadstone is expected to garner in 2012
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 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.
With their hundreds of years of watch making experience, Swiss watchmakers can afford to take a long view of technological fads and fashions.
Lot of money is now being withdrawn from the Swiss banks and transferred to Singapore.
Swiss govt's latest response comes against the backdrop of P Chidambaram shooting off another letter to his Swiss counterpart.
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
Swiss federal prosecutors are investigating soccer great Franz Beckenbauer and three other German soccer officials for fraud and money laundering in connection with the award of the 2006 World Cup to Germany.
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.
For India, the Swiss Challenge method is a new step in the field of public-private partnerships.
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.
Angira wraps a shoot... Aahana salutes the jawans... Sonal takes a walk in Texas...
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.
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.
Gukesh never got a chance against Mamedov who is known as a theoretician.
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.
Lakshya Sen, who won both his matches to play his part in the silver medal-winning effort in men's team event, too dropped one spot to world number 15. Kidambi Srikanth gained a spot to 20th.
The Americans found their rhythm to wrap up a final-day victory
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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.
Reliance ADA Group chairman Anil Ambani on Monday appeared before the Enforcement Directorate (ED) in Mumbai and recorded his statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. Ambani, 64, deposed at the office of the federal agency in south Mumbai. Ambani's statement was recorded as part of a fresh case filed under various sections of the Foreign Exchange Management Act (FEMA), the sources said without elaborating.
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.
FIFA launched proceedings against the players who angrily harangued the referee after crashing out of the tournament in Qatar, despite beating Ghana 2-0 in their final group match on December 2.
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.
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.
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.
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.
Activist-turned-politician Arvind Kejriwal on Friday took on the issue of hawala money stashed in Swiss bank accounts.
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