This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.
Plastic counterfeiting and frauds have increased at an alarming rate. So how do you protect yours from being misused?
Rajan's deputy Khan cautions against early celebration of falling inflation, unhedged forex exposure.
'The corporate tax cuts will obviously result in lower tax payments by companies,' says Central Board of Direct Taxes member Akhilesh Ranjan who retires after 37 years in government service.
Recent reform measures announced by the government expected to boost the sector.
According to the latest data released by the Reserve Bank of India (RBI), the number of credit cards in the country increased by 128,000 in May. HDFC Bank added the most number of cards in May (69,974). State Bank of India (SBI) was next with 34,183 cards. SBI sells credit cards through SBI Cards, its joint venture with GE Capital. However, ICICI Bank and HSBC have reduced their credit card portfolios by 11,029 and 11,024, respectively.
Weak PMI gives rise to fears of sub-8 per cent economic growth for the third quarter in a row.
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
'India's sizeable forex reserves should help stem a possible fall in our currency.'
According to the report, 1,195 Indians, nearly double the old list of 628 shared by the French government with India, figure in the HSBC list with a total balance of Rs 25,420 crore.
But lower growth numbers in the quarters to come may not mean renewed weakness in the economy at the ground level, says Pranjul Bhandari.
A shocking revelation that banking giants HSBC and Standard Chartered are suspected to have laundered money for drug cartels has prompted an in-depth inquiry by Indian investigation agencies.
Scores of activists of Arvind Kejriwal's India Against Corruption were on Saturday briefly detained by the police while staging a protest outside the family home of the Ambani brothers in Mumbai to demand a probe into alleged parking of black money by them in a Swiss bank.
The brothers say that the accounts were opened when they were NRIs and were legally allowed to do so.
Anglo-Dutch FMCG giant Unilever Plc's $ 5.4 billion open offer to increase stake in its Indian arm Hindustan Unilever Limited (HUL) to up to 75 per cent commenced on Friday.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The rupee was largely rangebound for most of the trading day in the absence of any major cues ahead of the Reserve Bank of India's rate-setting meeting next week.
The cumulative illicit money moving out of India over a ten-year period rose to $439.59 billion
The Indian Met Department has predicted a below normal monsoon.
Useful tips to protect users of credit and debit cards from being target of frauds.
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
RIL has faced protests from local authorities, activists and residents across India campaigning against masts and roadworks.
There's need to address growth, but weak rupee putting pressure on prices.
India and the United States settled a dispute on Thursday that had paralysed the World Trade Organization and risked derailing a $1 trillion package of reforms.
The question is which tool it should use to shift gear.
Deutsche Bank could be the next to trim its retail operations.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
According to bankers and economists, there is room for further rate cut by the RBI as retail and wholesale inflation rates have remained benign.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
Govt is likely to find it hard to meet deficit target next year.
A slew of Indian firms, including Flipkart, Byju's and Zomato, is building a path to profitability and diversifying into newer business segments ahead of mega-IPO plans.
Prime Minister Narendra Modi is set to meet top Australian business leaders, including BHP Billiton CEO Andrew Mackenzie and HSBC Bank Australia CEO Tony Cripps, at a roundtable in Melbourne next week.
IIT Kharagpur gets more than 1,000 job offers in a record five days, with 144 companies visiting the campus till Dec 5
HSBC PMI falls to 50.7, slow domestic demand offsets pick up from abroad.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
The total money of Indians fell by 45 per cent during 2016 to CHF 675.75 million, marking the biggest ever yearly decline in such funds.
While some companies, such as HSBC, have closed retail operations, big players such as India Infoline is scaling down.
The optimism in global markets could help India as the rebound in GDP is expected to continue and get more broad-based.
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