India's working population relies heavily on cash deposits and a second home to generate post -retirement income, according to an HSBC report.
PNB officials entered into a criminal conspiracy with 19 accused companies, the FIR alleges.
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'.
That prompted manufacturers to add jobs for the first time since June.
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.
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.
Let's take a look at 24 nations rated best for expatriates.
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.
Bumper liquidity as a result of global central bank stimulus measures should prevent a sharper downturn.
Burman held an undisclosed, yet, active account in an HSBC branch in Zurich
The survey showed firms passed on a greater cost burden to consumers. Prices charged rose at their fastest pace since October.
While selling started in April, it has intensified this month, with FPIs pulling out $1.1 billion and $2.5 billion from equities and debt market, respectively
Move will be a setback for India which wants information on black money probe based on leaked data
There were as many as 628 names in the HSBC list.
India is seen as a good destination to relocate to as expat parents enjoy greater opportunities to make significant financial savings.
One of India's main export destinations, the euro zone, is struggling to revive its economy and battling disinflation.
Investment banking giant Goldman Sachs has named housing loan major HDFC among world's seven best companies from the financial services space to sustain a competitive advantage in the long term, alongside global giants like Standard Chartered, HSBC and Morgan Stanley.
As the Reserve Bank maintained a status quo on key policy rates, analysts said higher demand due to supply constraints will not allow inflation to ease as quickly as anticipated and the apex bank may be forced to increase rates once more by the year-end.
Business houses don't think twice about blacklisting a newspaper.
According to a reliable source, the names of 'Preneet Kaur' and a name similar to one of Narayan Rane's sons allegedly feature on the HSBC list of Indians with Swiss bank accounts, says Sheela Bhatt/Rediff.com
Star Indian shuttlers P V Sindhu and Kidambi Srikanth fought their hearts out before suffering close defeats in their respective group 'B' openers at the US$ 1.5 million HSBC BWF World Tour Finals, in Bangkok, on Wednesday.
India Inc reacted cautiously to allegations on Swiss a/cs.
Total amount in these accounts is estimated to be around Rs 1,500-1,600 cr
Kashyap, a Commonwealth Games champion, was trailing 8-14 in the third game when he chose to retire after pulling his calf muscle.
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 HSBC Manufacturing Purchasing Managers' Index, compiled by Markit, fell to 52.4 in August from 53.0 in July but chalked up its tenth month above the 50 mark that divides growth from contraction.
As the government submitted a list of 627 foreign account holders to the Supreme Court on Wednesday, the spotlight is on family of former Maharashtra chief minister, former minister in the UPA government, a Mumbai-based corporate among others. Vrishti Beniwal reports
Government on Monday said Rs 4,147 crore or Rs 41.47 billion has been disclosed under the black money compliance window.
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
This is Chidambaram's third letter to Swiss Finance Minister Eveline Widmer Schlumpf within four months on this matter.
Chandra, who will turn 69 years old on Saturday, becomes non-executive director with immediate effect.
Six firms have qualified for managing EPFO funds.
Forecast of normal monsoon and a good harvest will boost the purchasing power of gold among farmers in India, said a report from the leading Asian investment bank, HSBC.
The government should focus on growth, inflation management, fiscal policy and relationship with the Reserve Bank of India, according to RBS.
Here are 15 companies that research houses believe could see significant impact due to the Budget proposals.
The government has stuck to its ambitious fiscal deficit targets and has given the right messages on manufacturing which should keep sentiment in the equity market buoyant, it said.
The HSBC Services Purchasing Managers' Index , compiled by Markit, fell to 50.6 in August from 52.2 in July.
