As the debate on alleged black money stashed by Indians in Swiss banks continues, Switzerland on Monday said it is looking forward to working together with the new government of India in its fight against tax evasion.
After reaching a deal with ANZ in a six-year tussle, Pankaj and Radhika Oswal have left Australia and plan to start a new venture in New York
Switzerland, long known as a place with unbreakable banking secrecy, has come under intense global pressure, including from India, to crack down on illicit fund flows.
Switzerland's Federal Office of Justice (FOJ) named the men as Alfredo Hawit of Honduras, acting president of the CONCACAF federation and a FIFA vice-president, and Juan Angel Napout of Paraguay, head of the South American football federation CONMEBOL. CONCACAF administers football in North and Central America and the Caribbean.
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
The Enforcement Directorate on Friday slapped a money laundering case against former Indian Air Force chief SP Tyagi and 20 others in the Rs 3,600-crore AgustaWestland VVIP chopper deal to probe alleged kickbacks of Rs.360 crore.
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
Private lenders were among the top losers along with RIL.
Sensex lacklustre, bluechips in focus.
Sweden has the world's highest negative rate.
If India was able to provide additional and new information about people and entities that figure on stolen lists, they may consider it to exchange information
Barry Eichengreen, professor of economics and political science, University of California, Berkeley, analyzes the transparency of the Reserve Bank of India, the growth rate of the Indian economy and why he feels globalisation can never be rolled back.
Ajit Balakrishnan on understanding the anti-cash chorus.
Broader market outperformed the frontline indices and also hit their respective all-time highs
BRICS has no plans to form a military and political alliance, Russian President Vladimir Putin said on Wednesday, in an apparent effort to allay apprehensions of the West.
The bench said that Aadhaar may pass the test of 'legitimate state interest', but the doctrine of proportionality has to be satisfied.
Taking a cue from neighbouring Gujarat and its successful Vibrant Gujarat summit, Maharashtra has organised a conclave -Transforming MMR into a Global Financial, Commercial and Entertainment Hub - on February 6.
Brexit will likely put brakes on the UK's growth prospects.
A substantial fluctuation is likely because for a long period gold has moved in a narrow range of $ 50-60 and at higher levels short positions were built.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Maruti Suzuki, Asian Paints, L&T, ONGC and Infosys have gained between 1%-1.5%.
The broader markets ended firm with mid-caps and small-caps gaining nearly 0.5 per cent on the BSE.
A world anti-money laundering body has deleted all trace of an alert it issued last week warning that financial institutions had not done enough to police suspicious financial activity by officials at FIFA.
'I think the markets will move up given that there will be more money.'
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
Singapore is the favoured destination as it has traditionally had a stable fund management regime; also, its tax treaty with India is similar to that of Mauritius
Petroleum minister M Veerappa Moily would like to import 11 million tonnes of Iranian crude in this financial year.
The swollen Seine receded on Sunday, but between flood damages, strikes and terror fears, France was firmly stuck in the doldrums just five days before the Euro football tournament. Thick grey clouds hung over Paris as the muddy Seine slowly inched back from a three-decade high that saw it burst its banks in places, forcing the Louvre and Orsay museums to shut their doors to evacuate priceless works. But while crowds thronged to photograph the river -- Paris's star attraction this weekend -- residents in nearby towns picked through their devastated homes, with insurers estimating damages of at least 600 million euros ($681 million). Several towns remained on alert after the floods left four people dead in the Paris region this week, and over 11,000 homes were without electricity. In Paris several metro stations remained shut as a precaution.
Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
A breakthrough will come from what we teach and how, says Ajit Balakrishnan.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
Consequences of China's efforts to stabilise its equity markets after three weeks of declines, which wiped out some 30 per cent of the value is far more importance to the world, says Clyde Russell.
Amid a grim global scenario, India will have to labour hard to hold on to seven per cent growth in 2016-17.
To attract capital into infrastructure projects, the ratings system needs a fresh look.
Emerging markets could be affected by a combination of lower liquidity and higher dollar interest rates caused by a hike in the US Fed funds rate.
India's golfer Gaganjeet Bhullar romped home to a three-shot victory at the Macao Open to bag his eighth Asian Tour title in Macau on Sunday.
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
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