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.
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.
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.
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.
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.
'India's sizeable forex reserves should help stem a possible fall in our currency.'
But lower growth numbers in the quarters to come may not mean renewed weakness in the economy at the ground level, says Pranjul Bhandari.
ED and Directorate of Revenue Intelligence have detected a significant increase in the outflow of Indian money, specifically into four countries --Thailand, Dubai, Singapore and Hong Kong.
Useful tips to protect users of credit and debit cards from being target of frauds.
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.
There's need to address growth, but weak rupee putting pressure on prices.
In an open letter, BWF secretary general Thomas Lund said the decision to go ahead with the All England Championships was made based on the best advice at that time. "It has been very disappointing to see some members of the badminton community speculate on the sincerity and motives of the BWF in this time of crisis," Lund wrote.
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.
RIL has faced protests from local authorities, activists and residents across India campaigning against masts and roadworks.
The question is which tool it should use to shift gear.
Kashyap, a Commonwealth Games champion, was trailing 8-14 in the third game when he chose to retire after pulling his calf muscle.
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
According to bankers and economists, there is room for further rate cut by the RBI as retail and wholesale inflation rates have remained benign.
'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.
Deutsche Bank could be the next to trim its retail operations.
Govt is likely to find it hard to meet deficit target next year.
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.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
While some companies, such as HSBC, have closed retail operations, big players such as India Infoline is scaling down.
HSBC PMI falls to 50.7, slow domestic demand offsets pick up from abroad.
If the nominations are not in place, the heirs need to go through a lengthy process to get access to the money cautions Bindisha Sarang.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
The optimism in global markets could help India as the rebound in GDP is expected to continue and get more broad-based.
Shree Rama Multi Tech Ltd said Company Law Board dismissed a petition filed against the company by HSBC Private Equity India Ltd, a foreign equity investor.
The index, based on a survey of 500 companies, rose to 57.2 in October from 55.1 in the previous month and 57.2 in August. October was the 19th consecutive month in which the index has risen.
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.
"Any lingering concern that India's manufacturing recovery was tailing off should be put off. A second consecutive rise in PMI has taken the series to a new cycle high consistent on double digit rise in industrial production," said Robert Prior Wandesforde, senior asian economist, HSBC.
About one-fourth of the Indian population is without pension coverage and only 13 per cent of the country's paid employees are under formal pension arrangement, a survey has found.
Credit Suisse said $5.6 may work for Reliance Industries' R-Series gas field in the KG-D6 block but the economics for its satellite fields and NEC-25 block are uncertain.
