Swiss govt discloses new name in India's black money probe

Last Updated: Tuesday, September 8, 2015, 19:48

In a fresh disclosure on suspected black money cases being probed by tax authorities in India, Switzerland on Tuesday said it has received request for information about Indore-based textiles firm Neo Corp International Ltd.

Swiss banks moving 'full speed' on automatic tax info exchange

Last Updated: Thursday, September 3, 2015, 18:50

Swiss banks are working at "full speed" to implement the automatic tax information exchange regime that will help India's efforts to crackdown on illegal wealth stashed by its citizens in Switzerland.

Fight against black money: Swiss to help on stolen data too

Last Updated: Wednesday, September 2, 2015, 20:22

In a move that may help India's fight against black money, Switzerland on Wednesday proposed amending its laws to share information with foreign countries probing tax crimes on the basis of 'stolen data', provided details have come from administrative channels or public sources.

Govt must build trust for compliance window success: Kidwai

Last Updated: Tuesday, September 1, 2015, 16:25

The government needs to assure against any "witch-hunt" to make the compliance window under the new black money law a success and it's a "pity" that the people do not believe its credibility, HSBC's India head Naina Lal Kidwai has said.

Black money: Swiss banks ask Indians to utilise 'compliance window'

Last Updated: Sunday, August 30, 2015, 18:04

Spooked by the new black money law, a number of Swiss and other European banks have begun asking Indian clients to disclose their accounts to the tax authorities back home as they fear being accused of 'abetting' the hoarding of untaxed assets.

Nestle accused of using slave-caught fish in cat food

Last Updated: Friday, August 28, 2015, 14:49

Swiss food giant Nestle is being sued in the US for allegedly knowingly allowing its Fancy Feast cat food to contain fish from a Thai supplier that uses slave labour.

Black money: Swiss govt rejects privacy in financial matters

Last Updated: Wednesday, August 26, 2015, 21:20

At a time when it is under global pressure, including from India, on black money menace, the Swiss government has rejected the popular initiative to allow strict privacy in financial matters.

Black money: Cooperating with Indian authorities on Swiss a/c probe, says HSBC

Last Updated: Monday, August 3, 2015, 16:27

Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC Monday said it is cooperating with the authorities.

Swiss central bank books record loss of 50 billion francs

Last Updated: Friday, July 31, 2015, 14:44

The decision to scrap the limit sent the franc -- a refuge currency -- soaring in value against major currencies and unleashed turbulence on global markets.

Rajesh Exports acquires world's largest gold refining firm Valcambi for Rs 2,560 cr

Last Updated: Monday, July 27, 2015, 17:43

Rajesh Exports, the world's largest gold jewellery maker, Monday announced the acquisition of Switzerland-based gold refinery Valcambi for USD 400 million to gain access to raw materials at lower prices.

Fall in Swiss bank funds may be due to black money drive: Govt

Last Updated: Tuesday, July 21, 2015, 22:21

The fall in deposits by Indians in Swiss banks may be a result of the steps being taken by the government to unearth black money stashed abroad, the Finance Ministry said Tuesday.

Holcim CEO Bernard Fontana steps down

Last Updated: Friday, July 10, 2015, 16:26

Swiss cement giant Holcim which has controlling stake in India firms, Ambuja and ACC, on Friday announced that its Chief Executive Officer Bernard Fontana will step down from his position.