Apple Inc's iPod upended the music industry, and its iPhone knocked Nokia off its smartphone perch, but Swiss watch makers breezily dismissed warnings that the technology giant's new wristwatch gadget could do something similar to them.
This article aims at shattering some myths surrounding Swiss bank accounts.
With a Swiss bank staffer handing over details of 2,000 secret Swiss bank accounts to whistle-blowing site Wikileaks, CPI demanded that names of Indian account holders be disclosed and their funds confiscated.
Swiss Open champion Satwiksairaj Rankireddy and Chirag Shetty strengthened their world number six position, while women's doubles pairing of Treesa Jolly and Gayatri Gopichand was static at the 18th position.
Satwiksairaj Rankireddy and Chirag Shetty stormed into the men's doubles semifinal with a straight-game win over Indonesia's Leo Rolly Carnando and Daniel Marthin at the China Masters Super 750.
Swiss prosecutors have opened a criminal investigation into Jerome Valcke, the banned former FIFA secretary general, and Nasser Al-Khelaifi, the chief executive of Qatar's beIN Media, over World Cup broadcasting deals.
It was a disturbing message in the sense that the regulatory framework is not clear enough and is not always applied in a convincing manner.
Noting that tax evasion is not a criminal offence in Switzerland, a senior Swiss official has acknowledged differences with India on what can be made public about Indians having unaccounted money parked in Swiss banks.
As per the official figures disclosed by Switzerland's central bank, the Swiss National Bank, total deposits of Indian individuals and companies with all the Swiss banks put together stood at about $2.5 billion at the end of 2010.
A number of suspects are being questioned in connection with the gang rape of a Swiss woman in the Datia district of Madhya Pradesh, police said on Sunday while expressing hope of solving the case soon.
India has moved up to 58th rank in terms of foreign money lying with Swiss banks, but it accounts for a meagre 0.15 per cent of an estimated $1.6 trillion total global wealth held in Switzerland's banking system.
Switzerland notched their first win at a European Championship finals when it least mattered by beating a second-string side from Euro 2008 quarter-finalists Portugal 2-0 on Sunday.
Euro 2008 gets underway on Saturday with co-hosts Switzerland pitting their promising young team against an experienced Czech Republic side keen to prove their best days are not behind them.
Taking the Indian challenge forward, P V Sindhu progressed to the women's singles quarter-finals after a tough win over Yu Po Pai in the USD 120,000 Swiss Open Grand Prix Gold badminton tournament, in Basel on Thursday. Sindhu overcame the challenge of the Taipei shuttler 21- 16 21-16 in the second round. However, B Sai Parineeth, who had eked out a memorable win over legendary Lee Chong Wei at the All England championship, made an exit from the event after losing 19-21 6-21 to second seed Tien Chen Chou from Taipei in the men's singles pre-quarterfinals.
Mukherjee and Swiss Foreign Minister Micheline Calmy-Rey signed the revised pact in New Delhi on Monday.
The alleged rape comes 10 days after a guest house owner in Pushkar was arrested on the charge of raping a 40-year-old British freelance journalist and a priest's relative was held for allegedly molesting an American woman tourist in Udaipur.
Defending champion H S Prannoy eked out a thrilling win over China's Qiao Bin to advance to the quarterfinals of the $120,000 Swiss Grand Prix Gold badminton tournament, in Basel on Thursday.
Images from the FIFA World Cup Group G match between Switzerland and Cameroon on Thursday.
Swiss authorities have opened criminal proceedings against individuals on suspicion of mismanagement and money laundering related to the allocation of the 2018 and 2022 FIFA soccer World Cups in Russia and Qatar.
The unseeded Bencic, who also beat former world number ones Caroline Wozniacki and Ana Ivanovic in Toronto, wore a look of disbelief after the 18-year-old's forehand winner whizzed past Williams to seal the match.
The Indian challenge at the Swiss Super Series badminton tournament ended with Anup Sridhar and Saina Nehwal going down to their more fancied rivals.
UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank's India employees a glimmer of hope. The surprise deal - engineered by the Swiss government - has triggered optimism of fewer job losses at Credit Suisse's India unit and better synergies at key verticals, such as wealth management and investment banking. "UBS is a much stronger hand. Coming within its fold will give Credit Suisse's wealth management and investment banking divisions a good home.
Angira wraps a shoot... Aahana salutes the jawans... Sonal takes a walk in Texas...
Gukesh never got a chance against Mamedov who is known as a theoretician.
Switzerland, who needed only a draw to progress to the knockout phase for third time in the past four tournaments, found themselves under early pressure from already-eliminated Costa Rica before Blerim Dzemaili handed the Swiss the half-time lead.
The 23-year-old from Madhya Pradesh showed great anticipation and technique and added power to his smashes to bamboozle Jorgensen 21-15, 21-13 in a lop-sided contest.
Lakshya Sen, who won both his matches to play his part in the silver medal-winning effort in men's team event, too dropped one spot to world number 15. Kidambi Srikanth gained a spot to 20th.
The Americans found their rhythm to wrap up a final-day victory
Swiss banks may have turned over client details to the US, but they have said India is not welcome there on a name-fishing expedition.
Ace Indian shuttlers Saina Nehwal and Parupalli Kashyap reached the pre-quarterfinals of the Swiss Open Grand Prix Gold after notching up contrasting victories in the women's and men's singles competitions in Basel.
The charges of aiding tax fraud, to which Credit Suisse has admitted, are serious and reflect the deep malaise that afflicts the Swiss banking system.
Swiss skier, Didier Defago, flew out of the shadows of his more illustrious team-mates to win his country's first men's Olympic downhill title for 22 years on Monday.
Pakistan's Supreme Court on Thursday directed Prime Minister Yousuf Raza Gilani to ask Swiss authorities to revive graft cases against President Asif Ali Zardari and to submit a report on the issue on March 21.
India's men shuttlers had a great day in office with reigning Commonwealth Games champion Parupalli Kashyap winning the Austrian Open Championship in Vienna while young Sameer Verma made it to the summit clash of the Swiss Open.
Reliance ADA Group chairman Anil Ambani on Monday appeared before the Enforcement Directorate (ED) in Mumbai and recorded his statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. Ambani, 64, deposed at the office of the federal agency in south Mumbai. Ambani's statement was recorded as part of a fresh case filed under various sections of the Foreign Exchange Management Act (FEMA), the sources said without elaborating.
Finance Minister Pranab Mukherjee on Monday said he has noted reports about reservations Swiss banks have in sharing client details with India, but did not say what course of action the government would take.
Asked about top Swiss bank UBS AG, reeling under criticism for sheltering American tax evaders, agreeing to US government's demand for disclosure, Kochhar generally hedged queries saying Indian banks were not in that kind of business. Black money had become a major issue in the run up to the Lok Sabha polls in April-May, with BJP leader L K Advani claiming that $500 billion of Indian money was stashed in banks abroad.
The amount considered for the acquisition is 1.3 times the revenues Loadstone is expected to garner in 2012
With their hundreds of years of watch making experience, Swiss watchmakers can afford to take a long view of technological fads and fashions.
The MoU deals with creation of a useful forum for exchange of views on financial and macro-economic issues. Official sources said the MoU will facilitate dialogue between the tax authorities of the two countries.
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