Indians' money in Swiss banks has fallen to a record low level of about Rs 9,000 crore.
FIFA has completed a 22-month internal inquiry into allegations of high-level corruption and criminal misconduct that buffeted world football and handed its report to Swiss authorities, soccer's ruling body said on Friday.
With rising incomes, education, and health awareness in India, especially in the big cities, droves of people are saying no to sugar.
Citing faster-than-expected recovery, rising consumer confidence and the resultant spending spike, Swiss brokerage UBS Securities has revised upwards its growth forecast for the current fiscal to 9.5 per cent from 8.9 per cent in September. The brokerage also sees the economy clipping at 7.7 per cent in FY23 but moderating to 6 per cent in FY24, as it expects the benefit of the low-interest rate regime to end by the end of FY23, and it sees the central bank hiking policy rates by 50 bps in the second half of the next fiscal. The Reserve Bank also forecasts 9.5 per cent GDP growth this fiscal while the average projection ranges from 8.5 to 10 per cent.
Uruguayan soccer player Diego Forlan on Monday denied evading taxes by hiding money in Swiss accounts with the British bank HSBC Holdings PLC.
Some other tax authorities are looking at the allegations.
Two Indian women figure among scores of foreign nationals with Swiss bank accounts, whose names have been made public by Switzerland in its official gazette for being probed in their respective countries.
Sensex, Nifty under pressure on weak global cues.
Dog-meat tweeting judge in Sun doping case had doubtful impartiality
The Swiss Federal Office of Justice (FOJ) said it had blocked accounts at several banks in Switzerland after police arrested some of the most powerful figures in global soccer on Wednesday in US and Swiss corruption cases.
Amid claims from various quarters that Indians have stashed away thousands of crores in secret bank accounts in Switzerland, the Swiss banks have asserted that any statistics about black money "simply do not exist."
Get ready to be wowed by the fashion on (and off) the courts at Roland Garros!
The Reserve Bank of India has sought views of the Union ministry of finance in giving permission for a 'Credit Suisse' Swiss Bank to open its first Indian branch in Mumbai.
Swiss banks seek fresh undertakings from Indians.
Modi promised in his 2014 election campaign to recover billions of dollars sent to tax havens abroad to avoid income tax, now about 30 per cent in India
Photos from the World Cup Group E match between Switzerland and Ecuador, at Brasilia.
The Indians were never the favourites in the entire scheme of things but yet, Gukesh has withstood the early storm and so has Praggnanandhaa.
The Swiss Attorney General's Office (OAG) opened criminal proceedings against Beckenbauer and three other former high-ranking German soccer officials last September. The proceedings related to allegations of fraud, criminal mismanagement, money laundering and misappropriation.
In this regard, AIG has entered into an agreement with Aabar Investments PJSC to sell its subsidiary, the insurance firm said in a statement on on Monday. According to UK daily The Telegraph, the Swiss subsidiary would be sold for about $254 million.
Switzerland, long known as a place with unbreakable banking secrecy, has come under intense global pressure, including from India, to crack down on illicit fund flows.
The Swiss government has officially informed Pakistan that it cannot revive cases of alleged money laundering against President Asif Ali Zardari as the matter is time-barred, Law Minister Zahid Hamid has said.
Ace Indian shuttler Saina Nehwal crashed out of the Swiss Open Grand Prix Gold Badminton tournament in Basel.
'This mega corruption scandal, as certified by the Supreme Court, will expose the unholy nexus between the BJP and its corrupt corporate masters'
Sankalp Gupta becomes India's 71st GM.
The star ingredient of many a delicious preparation is, of course, cheese!
India's R Vaishali crashed through the defenses of former World champion Mariya Muzychuk of Ukraine to move to 3.5 points after the fourth round of FIDE women's Grand Swiss, a part of the World Chess Championship cycle.
H S Prannoy clinched his second Grand Prix Gold badminton tournament title by notching up a straight game victory over Marc Zwiebler of Germany in the summit clash of the Swiss Open.
The assault took place when the woman, aged around 35, was leaving the Siri Fort Auditorium after watching a movie at the International Film Festival of India.
Switzerland coach Vladimir Petkovic has no preference over which side his team will face next after the scoreless draw against France that saw his men advance to the knockout stages of the Euros for the first time.
Swiss banking professionals under the agies of the Swiss Bankers Association met the Reserve Bank of India officials on Wednesday to discuss areas of cooperation. They also apprised the Indian banking regulator about the steps that Swiss authorities had initiated to implement stringent anti-money laundering laws.
'Private General insurers are poised to grow at 17 per cent - 18 per cent over the next 5 to 7 years and we will grow faster.'
The details are being shared with India on a 'spontaneous' basis and are different from the information sought earlier by the Indian authorities on the basis of 'leaked' or 'stolen' lists of certain banks.
Tunisia will start third-choice goalkeeper Aymen Mathlouthi and have striker Fakhreddine Ben Youssef act as his back-up in their final World Cup game against Panama on Thursday after FIFA rejected their request to add a replacement keeper to the squad.
Two days after a Swiss tourist was allegedly gang raped in Datia, Madhya Pradesh police on Sunday arrested five accused and recovered the mobile and the laptop robbed from the victim and her husband.
It was a smooth performance from Sindhu as she was hardly tested by the Taiwanese qualifier
Croatia became the first team to win the mixed-gender team competition following the tournament's return to the tennis calendar after a four-year absence.
Swiss authorities have again searched the Zurich headquarters of FIFA and seized documents and electronic data in its corruption probe surrounding the global soccer body, the Swiss attorney general's office said on Friday.
Xherdan Shaqiri netted a hat-trick as Switzerland beat Honduras 3-0 in Manaus on Wednesday to secure the runners-up spot in World Cup Group E and a last 16 clash against Argentina.
The man, a 27-year-old Swiss citizen, carried out the attack on a train travelling in Switzerland's far east, along its border with Liechtenstein, and was also injured.
Saina Nehwal bagged her first title of the year, clinching the Swiss Open Grand Prix gold trophy with a straight-games victory over Ji Hyun Sung of Korea in the final in Switzerland on Sunday.
