HSBC `SwissLeaks` leaker urges more support for whistleblowers
The man who stole the trove of secret files that sparked a global scandal over banking giant HSBC`s alleged assistance to wealthy tax dodgers called Monday for more protections for whistleblowers.
Feb 10, 2015, 04:36 AM IST
Secret HSBC 'tax dodger' files cause global shockwaves
The cache of files made public in the so-called SwissLeaks case included the names of celebrities, alleged arms dealers and politicians -- though inclusion on the list does not necessarily imply wrongdoing.
Feb 09, 2015, 23:26 PM IST
Black money: SIT widens probe as new names emerge
The Special Investigation Team (SIT) on black money today decided to widen its probe as new names of Indians with Swiss bank accounts have come up but made it clear that legal action will be taken only after verifying facts.
Feb 09, 2015, 18:44 PM IST
Swiss govt says HSBC list from 'stolen data'
With a new 'HSBC list' of Swiss bank accounts revealing over 1,000 Indian names, Switzerland today said these are from "stolen data" -- an assertion that might make it difficult for India to get details on these accounts without any additional evidence.
Feb 09, 2015, 17:07 PM IST
Indians rank 16th on leaked HSBC list; Swiss on top
With total funds of USD 4.1 billion, Indians rank 16th on the new leaked HSBC list of Swiss bank account holders from over 200 countries, while people from Switzerland itself are on the top.
Feb 09, 2015, 13:34 PM IST
Leaked bank files show HSBC 'helped clients dodge taxes'
A cache of secret bank files shows that HSBC`s Swiss banking arm helped wealthy customers avoid taxes and hide millions of dollars, according to a report by a network of investigative journalists released Sunday.
Feb 09, 2015, 04:15 AM IST
Black money: Govt to disclose 60 names
The government is expected to disclose the names of close to 60 Indians and entities as it has recently initiated tax evasion prosecution proceedings against them as part of its crackdown on black money accounts as reported in the HSBC bank's Geneva branch list.
Feb 09, 2015, 01:46 AM IST
India to have current account surplus this quarter: HSBC
India's current account is likely to swing to surplus after 32 quarters of deficit in the January-March period, and will halve to 0.6 percent of GDP in the next financial year starting April 1, says HSBC.
Feb 08, 2015, 11:21 AM IST
India outperforms China in manufacturing, services sectors growth in January
Registering one of the fastest growth rates in two years, India's manufacturing and services sectors expanded at a faster pace than China in January, says an HSBC report.
Feb 05, 2015, 19:21 PM IST
China manufacturing index edges up in January: HSBC
Chinese manufacturing activity picked up marginally in January but still contracted, a closely watched gauge indicated, as growth in the world's number two economy slows down.
Jan 23, 2015, 23:02 PM IST
Black money: CBDT issues directive to finish probe by March 31
Investigations against black money holders in Swiss bank accounts have been put on a fast-track as the CBDT has asked tax sleuths to gather all evidences and render final action by March-end.
Jan 13, 2015, 16:49 PM IST
'Quicker reforms, lower oil prices could lift GDP in FY16'
India's GDP growth momentum remains weak as stalled investments have kept resources locked up but it is likely to pick up from the next fiscal, said an HSBC report.
Jan 11, 2015, 12:44 PM IST
Manufacturing sector grows gradually in 2014; more growth eyed in 2015
India's manufacturing sector witnessed a gradual but significant expansion during the year 2014 and ended on a higher note reaching two-year high in December, according to an HSBC survey.
Jan 04, 2015, 13:06 PM IST
UK`s top four lenders pass stress tests: Bank of England
Britain`s four biggest lenders have passed the Bank of England`s stress tests, which are designed to show their ability to withstand a new economic crisis, the central bank said on Tuesday.
Dec 16, 2014, 13:02 PM IST
RBI to wait for "clearer read" before cutting rates in Q2 2015
The Reserve Bank is likely to cut policy rates by 50 basis points starting from the second quarter of 2015, as base effects for industrial production and inflation normalise over the coming months, a report says.
Dec 15, 2014, 18:52 PM IST
Rupee to be best Asian unit in 2015 at 62.5-63 Vs USD: HSBC
Pegging the rupee at 62.5 to 63 to the US dollar next year, the leading brokerage said the domestic unit should only drift higher on the back of the fast weakening current account strains.
Dec 14, 2014, 13:25 PM IST
SIT traces Rs 4,479 cr in Swiss banks; Rs 14,958 cr in India
In first major disclosure about money held in Swiss banks, government on Friday said Rs 4,479 crore is held in the accounts owned by Indians, who figured on the HSBC List, and the Income Tax Department has initiated action against 79 of such account holders.
Dec 12, 2014, 19:11 PM IST
HSBC dismisses London forex chief: Source
HSBC has dismissed its London-based European head of currency trading, a source close to the matter said Wednesday, one month after the bank was fined for foreign exchange market rigging.
Dec 10, 2014, 20:12 PM IST
Goldman, BASF, HSBC accused of metals price fixing: US lawsuit
The defendants illegally shared customer data, used that information to engage in "front-running" of expected price moves, and manufactured phantom "spoof" orders, according to the plaintiff.
Nov 26, 2014, 17:38 PM IST
India '2nd most loved market' in Asia with $1.4 bn FII flow: HSBC
So far this year, the total FII inflows to Asian equities stood at USD 38.7 billion.
Nov 26, 2014, 12:50 PM IST
