Swissmedic examines drugs trialled by GVK Biosciences
The Swiss surveillance authority for medicines Friday checked for any corresponding preparations of the 700 generic medicines subjected to clinical trials by India's GVK Biosciences, whose marketing rights were suspended by the European Medicines Agency (EMA).
Feb 07, 2015, 00:59 AM IST
Switzerland to centralise visa processing facilities: Envoy
As part of consolidating the services offered under one roof, Switzerland has planned to centralise the visa processing facilities in India by 2016, a top envoy said here on Wednesday.
Feb 04, 2015, 21:48 PM IST
Swiss bank on safe haven label to become world's data vault
Switzerland, facing an erosion of the banking secrecy laws that helped make it the world's banker, is now touting its reputation as a safe and stable haven to become a global data vault.
Jan 28, 2015, 22:34 PM IST
WEF gets formal status in Switzerland as int'l institution
The World Economic Forum (WEF) Friday gained a 'formal status' in Switzerland, confirming the role of non-profit organisation as an international institution for public-private cooperation.
Jan 23, 2015, 20:44 PM IST
Black money: Switzerland promises full cooperation to India on tax matters
Switzerland Wednesday assured India of full cooperation on tax information exchange and agreed to discuss the issue of black money stashed in Swiss banks.
Jan 22, 2015, 00:04 AM IST
Swiss central bank defends franc move despite turbulence
Switzerland`s central bank on Saturday stood by its shock decision to let the franc soar, insisting the subsequent turbulence rocking global markets and the Swiss economy since the move would eventually subside.
Jan 17, 2015, 18:41 PM IST
Switzerland scraps euro rate cap, franc soars
The SNB had been defending the exchange rate floor since September 2011.
Jan 15, 2015, 23:25 PM IST
Switzerland ends euro minimum exchange rate, cuts interest rate
In a shock announcement Thursday, Switzerland`s central bank said it was ending a three-year bid to artificially hold down the value of the Swiss franc against the euro, in a move that immediately sent the safe haven currency soaring.
Jan 15, 2015, 17:47 PM IST
Switzerland begin talks for framing tax info exchange law
In another step to prevent cross border tax evasion, Switzerland today began consultations for framing a legislation related to sharing tax information automatically with other nations, including India.
Jan 14, 2015, 21:09 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
Swiss central bank swells foreign currency reserves to record high
Switzerland`s central bank dramatically increased its foreign currency reserves last month as it moves to keep the heated franc from getting too strong, data released Wednesday showed.
Jan 07, 2015, 19:08 PM IST
Novartis sues India's Cipla over respiratory drug Onbrez
Swiss drugmaker Novartis AG said on Wednesday it had sued India`s Cipla Ltd for infringing patents covering its respiratory drug Onbrez, a month after Cipla launched a copy at a fifth of the original drug`s price.
Dec 17, 2014, 19:21 PM IST
Disasters cost $113 billion damage in 2014: Swiss Re
This is 16 percent less than the USD 135 billion in losses recorded in 2013 and significantly below the average annual figure of USD 188 billion for the previous 10 years.
Dec 17, 2014, 18:25 PM IST
Swiss gold exports to India near Rs 1 trillion in 2014
Amid concerns of bullion trade being used for routing of black money, Switzerland's gold exports to India have risen further and is fast approaching Rs one-trillion mark for the entire 2014.
Dec 14, 2014, 19:01 PM IST
Finance Ministry declines to share details on black money probe
Citing national security and confidentiality clauses, Finance Ministry has declined to disclose information on exchange of correspondence among India, Swiss and German authorities in connection with the black money probe.
Dec 09, 2014, 15:26 PM IST
Switzerland expects to sign FTA with India soon
Bullish about its companies making huge investments in India, Switzerland expects the long- delayed Free Trade Agreement between the two countries to be signed soon.
Dec 08, 2014, 13:41 PM IST
India must show tax fraud proof for valid probe: Swiss on black money
Switzerland Wednesday said it was willing to cooperate with India over the black money issue if the latter provides prima facie evidence of illegality, but will not proceed in the matter on the basis of stolen data.
Dec 04, 2014, 00:02 AM IST
Black money: SC asks Centre to ensure IT probe by March, 2015
The Supreme Court Wednesday asked the Centre to ensure that the ongoing income tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, do not get time barred and be completed by March next year.
Dec 03, 2014, 19:02 PM IST
Swiss voters reject gold, immigration proposals, salvaging EU ties
Swiss voters overwhelmingly rejected proposals on Sunday to boost gold reserves and impose strict new curbs on immigration, averting a potential nightmare for policymakers struggling with a popular backlash against the country`s open borders.
Dec 01, 2014, 00:36 AM IST
PMO asks tax dept to find more ways to bring back black money
Aiming to intensify government's drive on black money, the PMO has asked the revenue department to look for ways other than bilateral tax treaties to bring back funds stashed abroad.
Nov 24, 2014, 22:46 PM IST
