Stolen data issue impacts tax cooperation with India: Swiss government
Stolen data issue impacts tax cooperation with India: Swiss government

Switzerland's tax cooperation with India is being negatively impacted over the "contentious" issue of sharing information based on illegally obtained data, according to the Swiss government.

 

'French court backs charges against HSBC in tax fraud probe'

The court rejected an appeal by HSBC that charges first brought in April for facilitating tax fraud and illegal practices be dropped, sources told AFP.

61% Indians aged 45-plus want to retire in next 5 years: Survey
61% Indians aged 45-plus want to retire in next 5 years: Survey

Nearly 61 percent 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.

HSBC to freeze salaries, hiring in 2016 in battle to cut costs: Sources
HSBC to freeze salaries, hiring in 2016 in battle to cut costs: Sources

Like numerous other global banks, HSBC is in the midst of a cost-cutting drive to boost profitability and returns to shareholders, and is pushing through with plans for annual cost savings of up to $5 billion by 2017. 

Raghuram Rajan to wait for Budget roadmap before next rate cut: HSBC
Raghuram Rajan to wait for Budget roadmap before next rate cut: HSBC

Even though the fall in oil prices has created some space to ease rates, HSBC Wednesday said it expects RBI Governor Raghuram Rajan to maintain status quo in the forthcoming policy review and wait for the fiscal roadmap presented in the Budget.

FIIs withdraw $7 billion from Asian equities: HSBC
FIIs withdraw $7 billion from Asian equities: HSBC

Foreign institutional investors have pulled out funds worth USD 7 billion from Asian equities in January with India witnessing outflows of USD 1.64 billion, says an HSBC report.

HSBC revises 2016 crude price down again, sees at $45 a barrel
HSBC revises 2016 crude price down again, sees at $45 a barrel

Even as many of its peers are betting crude as low as USD 10-20, British brokerage major HSBC sounded a tad optimistic but has pegged down the average Brent crude prices at USD 45 a barrel for 2016 from USD 60.

HSBC appoints Ravi Menon as CEO of Indian asset management arm
HSBC appoints Ravi Menon as CEO of Indian asset management arm

HSBC has appointed Ravi Menon as the chief executive of its asset management arm in the country, after the elevation of Puneet Chaddha as business head for South East Asia.

HSBC says access to online banking service resuming steadily after outage

Europe`s biggest bank assured customers they would not lose out. 

Maintaining growth momentum in 2016 'challenging': HSBC
Maintaining growth momentum in 2016 'challenging': HSBC

India's GDP growth quickened to 7.4 percent in the September quarter helped by 9.3 percent growth in manufacturing.

Man behind Swissleaks scandal sentenced to 5 years in prison
Man behind Swissleaks scandal sentenced to 5 years in prison

Herve Falciani, the former HSBC employee whose disclosures uncorked the "Swissleaks" scandal on bank-supported tax evasion, was sentenced in absentia on Friday to five years in prison, Switzerland's ATS news agency said.

Indrani Mukerjea opened bank accounts in name of Sheena Bora in Singapore: Peter to CBI
Indrani Mukerjea opened bank accounts in name of Sheena Bora in Singapore: Peter to CBI

The CBI said that both Indrani and Peter formed various companies between 2006-07 and invested nearly Rs 900 crore.

India's exports to outpace China by 2025: HSBC
India's exports to outpace China by 2025: HSBC

Global banking major HSBC on Tuesday forecast a strong growth for India's export segment which is projected to outpace China in the period between 2025 and 2050.

Asia set to power global trade to $68.5 trillion: HSBC
Asia set to power global trade to $68.5 trillion: HSBC

India also has the potential for strong growth and is projected to outpace China, the report said, adding that the growth in merchandise exports from India is expected to average 6 percent a year in 2025-50 compared with just under 5 percent a year for China.

 

Black money: CBDT reviews HSBC accounts, ICIJ cases
Black money: CBDT reviews HSBC accounts, ICIJ cases

The CBDT Thursday reviewed some important black money and tax evasion probes being conducted by the Income Tax department, including the HSBC Geneva banks list and few others where it is suspected that Indians have stashed assets abroad.

AB InBev, HSBC, Google, 8 others to testify at EU tax hearing
AB InBev, HSBC, Google, 8 others to testify at EU tax hearing

The European Parliament's tax committee can only issue a non-binding recommendation.

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 Black money: HSBC whistleblower offers to 'cooperate' with India
Black money: HSBC whistleblower offers to 'cooperate' with India

Claiming that "lot of information" on illicit funds is lying unused by the Indian authorities, HSBC whistleblower Herve Falciani Monday said he is willing to "cooperate" with the investigative agencies in their black money probe but would need "protection".