HSBC gets summons from Indian Tax Dept; fears significant fines

This case relates to some NRIs facing investigation in the US for alleged violation of the American tax laws. Facing a multi-nation probe for ‘alleged tax evasion, money laundering and......

Markets end flat amid volatile trade

The Sensex ended down 5 points at 27,860 and the Nifty ended up 2 points at 8,324  Markets ended flat after recording fresh highs in early trades with auto shares leading the decline amid......

India to be top infrastructure goods importer by 2020: HSBC

India will topple the United States as the world's biggest importer of infrastructure goods by 2020 and is expected to hold this position till 2030, a report by HSBC said. According to the report,......

Tax evasion case: HSBC may face 'significant' penalty

Global banking major HSBC has said it may face "significant" penalties from the US authorities with regard to an ongoing probe into suspected tax evasion by the US-based clients of its Indian unit,......