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Swamy apprises Prez about his `findings` on black money

Last Updated: Thursday, July 10, 2014, 15:27

BJP leader Subramanian Swamy Thursday met President Pranab Mukherjee and apprised him of his "findings on the black money deposits of Indian politicians abroad," according to a statement issued by him.

PSU banks stock down after Budget announcement

Last Updated: Thursday, July 10, 2014, 13:10

Shares of public sector banks declined by as much as 4.3 percent after Finance Minister Arun Jaitley Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.

No proposal to dilute govt ownership in PSBs below 50%: Govt

Last Updated: Tuesday, July 08, 2014, 19:21

The government on Tuesday said there is no proposal to dilute its ownership in public sector banks (PSBs) below 50 percent.

Over Rs 5,000 cr lying unclaimed with banks

Last Updated: Tuesday, July 08, 2014, 18:51

Banks had Rs 5,124 crore in unclaimed deposits lying with them as of December 31, 2013, Parliament was informed Tuesday.

No list of Indians holding money in Swiss banks: FM

Last Updated: Tuesday, July 08, 2014, 18:48

India has been told four days ago that there is no list of Indian tax residents holding assets in Swiss Banks in their own name or through structures, the Rajya Sabha was informed Tuesday.

US in sanctions talks with Commerzbank and Deutsche

Last Updated: Tuesday, July 08, 2014, 16:39

The talks with state and federal authorities have just begun, a source with direct knowledge of the regulatory investigations told Reuters.

Want euros in London? Don’t ask your bank

Last Updated: Monday, July 07, 2014, 16:17

The exchange rates on the board are not even the best ones Sakthi and his colleagues give bigger or regular clients.

Central banks ending era of clear promises, return to ''artful'' policy

Last Updated: Monday, July 07, 2014, 15:07

The world`s major central banks are returning to a more opaque and artful approach to policymaking, ending a crisis-era experiment with explicit promises that they found risked their credibility and did not substitute for action.

Black money: Make requests that are 'justified', say Swiss banks to India

Last Updated: Sunday, July 06, 2014, 17:23

As India steps up pressure on Swiss authorities in its pursuit of alleged black money, banks in Switzerland say they follow strict rules and the requests from Indian authorities must be "properly justified".

Global economy weekahead; living in interesting times

Last Updated: Sunday, July 06, 2014, 15:57

The European Central bank cut rates last month and may yet have to resort to quantitative easing to ward off deflation.

Global recovery to accelerate in 2015: IMF

Last Updated: Sunday, July 06, 2014, 14:05

Lagarde estimated that growth in China this year would be between 7 and 7.5 percent.

EU banks watchdog advises lenders to shun bitcoins

Last Updated: Friday, July 04, 2014, 20:33

Bitcoin started circulating in 2009, and acceptance has been growing as more merchants allow customers to pay for goods and services in the currency.