Companies

HSBC Admits Swiss Banking Arm Held Accounts For Tax Evaders

"We acknowledge and are accountable for past compliance and control failures," the bank said

Feb 9, 2015

The Plaza, New York, partly owned by the Sahara Group

Mirach Capital Values Sahara's Overseas Hotels at $1.67 bn, Below Market Value

Its offer is seen as crucial to Sahara's efforts to raise funds to secure Subrata Roy's release from jail

Feb 9, 2015

RBI Deputy Governor Directs Lenders to Improve Asset Quality

Reserve Bank of India's Deputy Governor R Gandhi reiterated the central bank's stand on the need for lenders to improve asset quality.

Feb 9, 2015

Chinese trade in steep slide

Gearing up to ring in the year of the sheep. But beneath the celebrations, China's economic worries are growing. Foreign trade, one of the key drivers of its mammoth economy, has taken a nosedive.

Feb 9, 2015

Banks Seek EOW Probe into ₹15,000 crore Fake Remittances Scam

The Mumbai customs department wrote to the banks that the documents submitted by the importers were fictitious

Feb 9, 2015

Asia markets wobble on China trade, U.S. jobs

Asian markets start the week on a mixed footing. Strong jobs data out of the U.S. raising hopes while weak economic data out of the China causes worry. That combination led to patchy trade across

Feb 9, 2015

Foodpanda Acquires JustEat India, to Cover More Than 200 Cities

The online food ordering service is now in direct competition with Zomato.

Feb 7, 2015

Sahara India's Troubles Multiply: Enforcement Directorate Files ₹3,600 Cr FEMA Charges over Luxury Hotel Investment

Sahara India suffered another setback, with the Enforcement Directorate issuing a show cause notice to the group, concerning FEMA violations in the purchase of London-based Grosnover House luxury hotel.

Feb 7, 2015

Dow biggest weekly percentage gain since Jan 2013

It was a strong week on Wall Street for stocks pushing the Dow and the Nasdaq into positive territory for this year. The wage gains seen in the December jobs report initially led investors to buy

Feb 7, 2015

Back to work, and making more money

Getting back to work got a little easier for many Americans last month, and they are making more money on the job. Employment rose more than expected in January. The U.S. economy added 257,000 new

Feb 7, 2015

Merkel, Hollande push for Ukraine peace

A ceasefire, and the chance to get out. Some residents of eastern Ukraine evacuate their war-torn region, ravaged by a conflict between separatist rebels and government forces - which has seen more

Feb 6, 2015

Premier League TV rights go under hammer

A battle of the broadcasters for the most-watched football league in the world. The deadline now upon us for the first round of bids for UK TV rights of English Premier League matches. Rivals Sky

Feb 6, 2015

Greece: what now after whirlwind week?

A familiar scene of Greek protest. This, though, just on Thursday night. Part hope - but much anger, at Germany's unreadiness to do deals on debt. Alexis Tsipras is defiant too as his new

Feb 6, 2015

U.S. adds 257,000 jobs last month

Employers added lots of jobs last month and gave their workers fatter paychecks despite signs of a slowdown in growth. Payrolls rose by 257,000. That's much more than expected. That was the 11th month

Feb 6, 2015

Siemens wields axe, but little blood

The axe is dropping at Siemens. Europe's biggest engineering company has announced it's slashing 7,800 jobs worldwide. That's about 2 percent of its global workforce. Siemens has been implementing

Feb 6, 2015