Novartis India arm says unaware of any delisting plan

Last Updated: Thursday, June 11, 2015, 19:51

"The board of the company has not received any notice from the promoters of the company, Novartis AG, on its intention to delist the equity shares of the company from the Bombay Stock Exchange Limited," Novartis India said in a statement after trading hours.

Switzerland plans stringent norms to fight black money menace

Last Updated: Sunday, June 7, 2015, 18:50

The new Federal Act on the International Automatic Exchange of Information in Tax Matters (AEOI Act) contains provisions on the organisation, the procedure, the judicial channels and the applicable criminal provisions.

Logitech sets aside $3.25 mn to cover possible SEC penalty

Last Updated: Saturday, June 6, 2015, 21:13

The maker of computer accessories also said it would see an increase of $0.5 million in inventory and accrual for a balance sheet reclassification and a change of $0.3 million in deferred tax assets tied to these changes.

Black money: Switzerland asks banks to check illegal asset flows

Last Updated: Friday, June 5, 2015, 22:22

Under pressure from India and other nations to act against black money menace, Switzerland will put in place stricter due diligence norms for banks to prevent inflow of illicit assets into the country.

Black money: India in global pact for automatic exchange of financial info

Last Updated: Wednesday, June 3, 2015, 21:23

India and five other nations Wednesday joined a multilateral agreement for automatic exchange of financial information, a move that will help it combat tax evasion and deal with the problem of black money.

Black money: Switzerland discloses more requests from India on Masoods

Last Updated: Tuesday, June 2, 2015, 22:45

Continuing to shed its famed banking secrecy veil, Switzerland Tuesday made public more names about which it has been approached from abroad for information, even as it published fresh gazette notifications about two Indians -- Sayed Mohammed Masood and Chand Kauser Mohammed Masood.

Now, Switzerland to publish list of dormant bank accounts

Last Updated: Sunday, May 31, 2015, 15:53

The Ombudsman further said that a new banking law, which has come into force this year, has mandated that "assets over 500 Swiss franc that have been dormant for 50 years, that is 60 years after the last contact, have to be published. "If, following this publication, no justified claims are reported, the assets must be liquidated and their net proceeds will be transferred to the Swiss Confederation.

Swiss economy shrinks 0.2% as exchange rate swing excoriates exports

Last Updated: Friday, May 29, 2015, 15:15

Exports of goods fell by 2.3 percent as the Swiss franc jumped in value.

Swiss Re says no plans to enter direct insurance biz in India

Last Updated: Thursday, May 28, 2015, 19:00

World's second largest reinsurer Swiss Re Thursday said it has no plans to enter the direct insurance business in the country.

Technology replaces schmoozing: the future of private banking

Last Updated: Thursday, May 28, 2015, 11:18

No longer is schmoozing over long lunches and fine wines enough; Swiss private bankers are turning to video games and virtual reality to attract a new generation of sceptical clients and see off digital rivals.

Swiss Re aims to grow its India business by 25% by year-end

Last Updated: Wednesday, May 27, 2015, 22:37

World's second-largest reinsurer Swiss Re aims to grow its business in the country and other parts of Asia, including China and Indonesia, by 25 percent by 2015-end.

EU-Switzerland accord to end banking secrecy, curb tax evasion

Last Updated: Wednesday, May 27, 2015, 21:05

The European Union and Switzerland signed a major accord Wednesday to end banking secrecy for EU residents and prevent them from stashing undeclared income in Swiss banks.