Such schemes need 3-5 yrs to take advantage of dollar and market risk.
The HSBC Services Purchasing Managers' Index , compiled by Markit, fell to 50.6 in August from 52.2 in July.
Assessment of the 427 account holders associated with HSBC list will be completed by March 21, 2015.
Burman held an undisclosed, yet, active account in an HSBC branch in Zurich
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
Restrictions on buying land are among barriers holding up projects worth almost $300 billion
The Sensex ended up 244 points at 28,504 on strong global cues.
Chandra, who will turn 69 years old on Saturday, becomes non-executive director with immediate effect.
For stolen data, India had sought information about its taxpayers who had secret bank accounts in HSBC Geneva.
No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.
Former Dabur director gave sketchy details of investors and his employer after two years of tax summons.
Finance Minister Arun Jaitley on Friday said Switzerland has agreed to share information on Indians having illicit money in Swiss banks on independent evidence provided in each case to the Alpine nation.
Bumper liquidity as a result of global central bank stimulus measures should prevent a sharper downturn.
HSBC Electronic Data Processing India Private Limited is recruiting Customer Service Executives.
FY17 GDP growth faces cash crunch heat
The survey also showed that both input and output prices rose at a slower pace during the month.
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
A major criticism of the new law is that it can become an instrument of abuse as it confers the tax enforcement authorities with strong discretionary powers, says Paranjoy Guha Thakurta.
In its third quarter review of monetary policy, the RBI in January raised the key repo rate by 0.25 per cent to 8 per cent in a bid to curb inflation.
FDI inflows into India were $34 billion in 2014, up 22%.
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue.
Jaitley said, "I welcome this investigation. I think it is a healthy step that these kind of exposes are being made. I have been repeatedly saying that the world is now going to increasingly become more transparent, countries are cooperating with each other and slowly all this information is going to come out as a result of various global initiatives which have been launched."
The new orders sub-index, which includes domestic demand as well as orders from abroad, rose to 53.2 in May
There were as many as 628 names in the HSBC list.
Rajan's deputy Khan cautions against early celebration of falling inflation, unhedged forex exposure.
India has been probing hundreds of black money cases.
Plastic counterfeiting and frauds have increased at an alarming rate. So how do you protect yours from being misused?
The US on Friday issued orders to ban popular Chinese social media apps TikTok and WeChat from Sunday to safeguard national security, weeks after India banned them, saying they were prejudicial to sovereignty, integrity and security of the country.
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.
Recent reform measures announced by the government expected to boost the sector.
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.
Apart from SBI, UPI 2.0 partner banks are HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC.
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
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.
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.
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.
