New Delhi: One of the largest banking and financial services organisations in the world, HSBC Bank, has decided to keep its headquarters in Britain, rejecting the option of shifting its centre to Hong Kong after
Mumbai: Nearly 61 per cent working population in India aged 45 plus want to retire in the next five years, with the majority saying work-related pressure is affecting their mental and physical health. Also, financial
Mumbai: Global banking major HSBC today announced shutting down of its private banking business in India that offers wealth management services."After a strategic review of our global private banking operations here, we have decided to
Geneva: A Swiss court has convicted in absentia a former employee with international bank HSBC for economic espionage and sentenced him to five years in prison.Herve Falciani, 43, was on trial for leaking bank data
New Delhi: In the 'stolen' Swiss HSBC bank black money list, the Enforcement Directorate has begun a preliminary investigation in these cases for an independent hawala and money laundering probe.The agency recently has begun obtaining
New Delhi: Rejecting HSBC whistleblower Herve Falciani's accusation that Indian authorities are sitting on black money information, India today said he is raising a "wrong hue and cry" and asserted that details on illicit funds
New Delhi: Notwithstanding the fact that overall inflation has fallen strikingly in last few months, its benefits have not been equally distributed with the rate of price rise running higher in rural areas than in
Mumbai: As more people seek education abroad, an HSBC survey has found that parents end up spending much higher amounts than the estimated cost for their children's undergraduate studies overseas due to lack of realistic
London : Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.The bank also disclosed a number of other
New Delhi: Reserve Bank is likely to pause on rates at its ensuing meeting next week, but may go for a rate cut by the end of the year, as further clarity on the monsoon
While globally, the companies have started enduring their female staff more by proffering ‘female-friendly' policies; lately India Inc. has also joined the bandwagon. Understanding ladies' dual yet equivalent responsibilities towards their children and the extra
Mumbai: Future manufacturing may remain sluggish in India due to declining output and new order flow, including from overseas and fall in order-to-inventory ratio while robust capital goods growth is a glimmer of hope, says
New Delhi: Seeking to come clean on illicit funds amid intense government pressure, Swiss banks have asked their Indian clients to provide fresh undertakings to ensure that untaxed money is not stashed in their accounts.Swiss
New Delhi: Under the new law on black money, banks and other financial institutions will also face action if they are found to have abetted stashing of illicit wealth, along with the action against the
Nagpur: A national co-ordination committee comprising all trade unions in the country for Employees Retirement Pension Benefits (1995) has strongly opposed the raising of retirement age from 58 to 60 years. The pensioners, who have
London: Facing a multination probe for "alleged tax evasion, money laundering and unlawful cross-border banking solicitation", global giant HSBC on Monday said it has been served summons by the Indian tax department.The bank said it
London: HSBC chief executive Stuart Gulliver, who vowed to reform the scandal-hit bank, kept millions of dollars in a Swiss account, the Guardian newspaper reported.It is the latest in a stream of so-called "Swissleaks" allegations
Berlin: Geneva prosecutors searched the premises of HSBC's Swiss subsidiary on Wednesday after launching a money-laundering investigation over a report that the bank helped hide millions of dollars for drug traffickers, arms dealers and celebrities.Prosecutors
New Delhi: The Income Tax department is soon expected to file a complaint against HSBC bank, Geneva, for allegedly “abetting” tax evasion in India by way of unauthorisedly operating accounts of its citizens in its
New Delhi: Revelations that global banking giant HSBC helped some of its wealthy clients evade hundreds of millions of dollars worth of tax have made headlines across the world, but who is the man who
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