With the rapid growth of the emerging markets, the global economy is experiencing a seismic shift, points out the latest study by HSBC. Titled, 'The World in 2050', the report highlights that the economic shift is likely to continue.
The CBI also told the court that it has sought Interpol's help in seeking access to overseas bank accounts of the Mukerjeas
ATP, WTA cancel China events, including Shenzen Finals
The survey, commissioned by HSBC last year, covered 16,000 people.
The monsoon has so far disappointed and if rainfalls do not increase soon it will push up inflation as well as the subsidy bill, further limiting the room for RBI rate cuts, an HSBC report says.
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
After Chanda and Deepak Kochchar, the Kudvas are the second power couple in the financial world to come under the regulatory glare.
If you are looking for a change, and have been considering to move oversees, this survey can help you find the best foreign country to live and work in.
Now all eyes are on the two Super 1000 events -- Yonex Thailand Open (January 12-17) and Toyota Thailand Open (January 19-24) as the world's best return to action following a prolonged break.
Naina Lal Kidwai, Country Head, HSBC India and the first Indian woman to have graduated from the Harvard Business School, in 1982 speaks about the importance of hard work, women in IIM classrooms and more.
India's manufacturing PMI rose to 54.5 in December, 2014, while in the corresponding period a year ago it stood at 50.7, just above the crucial 50 mark which separates growth from contraction.
HSBC's purchasing managers' index was released on Tuesday.
It has been in force since October 2011.
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'.
Similarly, 51 per cent of 105 market participants polled by RBS said they do not expect a CRR cut in the quarterly policy announcement next Tuesday.
Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
Banks say they themselves red-flagged the transactions to RBI. It must be noted that these transactions are not outright evidence of fraud or proof of nefarious activities.
The finance ministry has received over 600 names of Indians who have accounts in HSBC Bank's Switzerland branch, from the government of France.These names were obtained by the French government after an employee of HSBC Bank became a whistleblower. He took refuge in France and brought along a long list of account holders who have allegedly stashed money in the Swiss branch of HSBC Bank. Now the Indian government is sitting tight on those names.
Former minister responds to Sheela Bhatt/Rediff.com's questions.
In 2008, Josephine Bhasin's bank accounts at HSBC India were valued at $8.3 million.
The IRS uses a John Doe summons to obtain information about possible tax fraud by people whose identities are unknown.
The Special Investigation Team (SIT) on black money today rejected an HSBC whistleblower's claim that Indian authorities are not using a "lot of information" on illicit funds, saying he has created a "hue and cry" and not replied to its earlier requests.
Former Dabur director gave sketchy details of investors and his employer after two years of tax summons.
According to HSBC's 'Climate Confidence Monitor', one in three people in Vietnam, India and China believe that climate change can be halted, compared to just one in twenty in developed economies such as France and the UK.
Tamal Bandyopadhyay takes a close look at some of the magic figures in the banking sector
In the US, it is obligatory for any citizen to provide details regarding any financial transaction he or she may have carried out overseas.
Make sure you have a firm investment policy in place - one that clearly spells out which product to buy for each goal, why to buy, when to buy and when to sell.
While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.
Sahara was to provide a bank guarantee from HSBC.
Many requests are pending with the Swiss authorities.
The recovery in manufacturing is still likely to prove "protracted" given the lingering structural constraints.
PNB officials entered into a criminal conspiracy with 19 accused companies, the FIR alleges.
India's working population relies heavily on cash deposits and a second home to generate post -retirement income, according to an HSBC report.
Switching to a damage-control mode, bankers and government officials claimed that Jet Airways wouldn't fall even if Etihad refuses to back the resolution plan and exits.
That prompted manufacturers to add jobs for the first time since June.
Star Indian shuttlers P V Sindhu and Kidambi Srikanth fought their hearts out before suffering close defeats in their respective group 'B' openers at the US$ 1.5 million HSBC BWF World Tour Finals, in Bangkok, on Wednesday.
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.
The US Federal Reserve has decided to keep its stimulus programme intact and this in turn will lead to some respite for the battered emerging market economies, but it should also be borne in mind that tapering is inevitable in the medium term.
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