SWISS

  • Swiss army knife maker Victorinox plans to foray into smartwatches: CEO April 8, 2015

    Zurich: Swiss army knife maker Victorinox plans to unveil its version of a smartwatch by the start of next year, its chief executive said on Tuesday. Swatch, the world's largest watchmaker, announced plans last month to put programmable chips in watches so wearers can make payments with a swipe of the...
  • Swiss ups black money vigil as India threatens criminal action April 5, 2015

    Berne/New Delhi: With India and some other nations threatening criminal proceedings over suspected black money in Swiss banks, the European nation has stepped up its supervisory and enforcement efforts to keep away the illicit funds from its banking system. This comes at a time when a number of Swiss institutions have...
  • Amid intense government pressure, Swiss banks seek fresh undertakings from Indians March 29, 2015

    New Delhi: Seeking to come clean on illicit funds amid intense government pressure, Swiss banks have asked their Indian clients to provide fresh undertakings to ensure that untaxed money is not stashed in their accounts. Swiss banks, long perceived to be safe havens for parking unaccounted funds, have also started asking...
  • These miniature replicas of world famous photographs are picture perfect March 18, 2015

    What started as a private joke between Switzerland-based photographers, Jojakim Cortis and Adrian Sonderegger, turned into a full fledged side project. Recreating history's most iconic photos.They create miniatures of those photos and they are exceptionally brilliant. The level of detailing surpasses the term 'hobby' by light-years and of course the...
  • Need to be consistent to play first ever Olympics: Kidambi Srikanth March 16, 2015

    New Delhi: India ace shuttler Kidambi Srikanth feels the Swiss Open win has put him on course for a first-ever Olympic qualification but says he still needs to be more consistent to actually make the cut for the 2016 Rio Games and achieve a 'dream' ranking of World No. 1...
  • Kidambi Srikanth creates history by winning Swiss Open badminton title March 15, 2015

    Basel: Putting his All England Open disappointment behind, top Indian shuttler Kidambi Srikanth displayed pure class to oust defending champion Viktor Axelsen and clinch the men's singles title at the $120,000 Swiss Open Grand Prix Gold here on Sunday. In the final at St. Jakobshalle, the top seed defeated the Dane...
  • Kidambi Srikanth defeats Ajay Jayaram to reach Swiss Open final March 14, 2015

    Switzerland: Kidambi Srikanth entered the final of the the USD 120,000 Swiss Grand Prix Gold badminton championship after he got the better of compatriot Ajay Jayaram in an all-India last-four clash on Saturday. Top seed Srikanth had to fight his way back from one game down to emerge 17-21 21-15 21-18...
  • Badminton: Srikanth enters Swiss Open semi-finals March 13, 2015

    Basel: Top Indian shuttler Kidambi Srikanth entered the men's singles semi-finals following his straight games win over Japanese eighth seed Takuma Ueda at the $120,000 Swiss Open Grand Prix Gold here on Friday. The top seed won 21-11, 21-12 in 31 minutes at St. Jakobshalle to take a 2-1 lead over...
  • Badminton: Srikanth joins Ajay Jayaram at quarters of Swiss Open March 13, 2015

    Basel: Top seed K Srikanth survived a scare before prevailing over Denmark's Emil Holst in a three-game match to reach the quarter-finals of the USD 120,000 Swiss Grand Prix Gold badminton championship. The World No. 4 Indian recovered from a one-game deficit to see off Holst, ranked 57th in the world,...
  • Ajay Jayaram reaches quarter-finals of Swiss Open March 12, 2015

    Basel: Indian shuttler Ajay Jayaram inflicted a straight-game defeat on Tzu Wei Wang of Chinese Taipei to reach the quarter-finals of USD 120,000 Swiss Grand Prix Gold badminton championship on thursday. Jayaram, who had won the Dutch Open last year, prevailed over 13th seed Wang 21-17 21-16 in a 35-minute men's...
  • Swiss watchmakers quietly making smartwatches of their own to rival Apple Watch March 12, 2015

    London: To observers of the secretive Swiss watch industry, its quiet, seemingly passive response to Apple Inc's plan to attack their centuries-old business could be mistaken for submission before an overwhelming adversary. But luxury and fashion groups Richemont, LVMH, Swatch Group and Guess Inc have been busy in the past year...
  • Badminton: Srikanth, Sai Praneeth, Pawar in Swiss Open third round March 11, 2015

    Basel: Leading Indian shuttler Kidambi Srikanth, B. Sai Praneeth and Anand Pawar reached the third round of the $125,000 Swiss Open Grand Prix Gold at the St. Jakobshalle stadium on Wednesday. World No.5 Srikanth defeated Germany's World No.60 Dieter Domke 21-10, 21-14 in 25 minutes. In the next round, the 23-year-old...
  • Badminton: Kidambi Srikanth leads Indian charge at Swiss Open March 9, 2015

    Basel: Top Indian male shuttler Kidambi Srikanth will lead the Indian challenge at the USD 120,000 Swiss Grand Prix Gold badminton championship which gets underway here tomorrow. World No. 5 Srikanth, who hogged the limelight last year after winning the China Super Series Premier, will take on France's Lucas Corvee in...
  • Solar-powered plane takes off for first flight around the world March 9, 2015

    Abu Dhabi: A Swiss solar-powered plane took off from Abu Dhabi early Monday, marking the start of the first attempt to fly around the world without a drop of fuel. Solar Impulse founder André Borschberg was at the controls of the single-seater when it took off from the Al Bateen Executive...
  • Automatic information exchange with India latest by 2018: Swiss government February 15, 2015

    Berne/New Delhi: In its fight against black money menace, India will have to wait till 2018 for Switzerland to provide bank account details of Indians under the 'automatic information exchange' framework. Under a global framework, more than 40 jurisdictions including India had agreed to become 'early adopters' of an 'automatic exchange...
  • Black money: Government promises to widen probe February 10, 2015

    The black money net has widened with a new list by the HSBC claiming that nearly 1200 Indians hold accounts in Swiss Banks. The list includes top businessmen and politicians. ...
  • Black money trail: Not just names but proof needed to take action, says Finance Minister Arun Jaitley February 9, 2015

    New Delhi: Finance Minister Arun Jaitley said on Monday that the details that have emerged are the ones which the Centre already has with it and added that the question was not about names but evidences that the government needs. Speaking to mediapersons on black money, Jaitley said, "In first phase,...
  • Switzerland promises cooperation to India on tax matters January 22, 2015

    Davos: Switzerland on Wednesday assured India of full cooperation on tax information exchange and agreed to discuss the issue of black money stashed in Swiss banks. This assurance was given during a meeting Finance Minister Arun Jaitley had with his Swiss counterpart Eveline Widmer-Schlumpf on the sidelines of the World Economic...
  • Alstom to pay record $772 million to settle bribery charges with US December 23, 2014

    Washington: The French firm Alstom SA (ALSO.PA) has pleaded guilty and will pay $772 million in criminal penalties to settle charges with the US Justice Department alleging the company bribed government officials to win business around the world. The settlement announced by the Justice Department on Monday marks the largest-ever criminal...
  • Change laws, put cash curbs to check black money menace: SIT December 12, 2014

    New Delhi: In suggestions with far-reaching implications, the SIT on black money has recommended amendment of laws to provide for confiscation of domestic property of those with illicit assets abroad and making tax evasion of over Rs 50 lakh a 'predicate offence' taking it as a serious crime. ...
  • Rs 4479 crore in Indians' HSBC-list accounts: SIT on black money December 12, 2014

    New Delhi 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. Besides, the tax department...
  • Come with proof, not for fishing expedition on black money: Swiss to India December 7, 2014

    Mumbai: As India continues its pursuit of black money allegedly stashed abroad, Switzerland has said it would not entertain any 'fishing expedition' and authorities cannot ask for names of all Indian account holders in Swiss banks without doing their own independent investigations. Switzerland's Ambassador to India Linus von Castelmur also said...
  • Switzerland remains largest offshore financial centre October 30, 2014

    Geneva: A huge global pressure to break secrecy veils of Swiss banks notwithstanding, Switzerland remains the world's largest offshore financial centre with client assets totalling over USD two trillion, a new study said. Besides the country is expected to remain "the biggest offshore centre for private banking in 2018," with...
  • Hearing of black money case in Supreme Court today October 28, 2014

    New Delhi: The Supreme Court will continue hearing the black money case on Tuesday, a day after the Centre provided names of three people who allegedly have black money accounts in foreign banks. It will be interesting to see if the Supreme Court buys Centre's argument of not providing...
  • Will we ever find out names of political beneficiaries? In the black money debate? October 27, 2014

    The central government on Monday revealed the names of three people who have black money stashed abroad in its affidavit to the Supreme Court. ...
  • Government to name those having prosecutable case: FM on black money October 27, 2014

    New Delhi: Government will make public names of only those people against whom there is a prosecutable case in connection with tax evasion through offshore accounts, Finance Minister Arun Jaitley said on Monday, amid the Congress asking for disclosure of all names of black money holders. "We will disclose only those...
  • Black money: Modi government faces criticism over 'selective revelation' of account holders' names October 27, 2014

    New Delhi: Even as the Narendra Modi government took another U-turn and disclosed the names of three black money account holders to the Supreme Court on Monday, questions are being raised about its intent to bring back black money stashed in foreign banks. As the Centre revealed the names of...
  • Roger Federer beats David Goffin for 6th Swiss Indoors title October 27, 2014

    Basel: Top-seeded Roger Federer won a sixth Swiss Indoors title on Sunday, comfortably defeating David Goffin of Belgium in straight sets to end a run of two successive final defeats at his hometown tournament. Federer took just 52 minutes to win 6-2, 6-2, delighting the partisan crowd as he inflicted what...
  • Roger Federer beats Ivo Karlovic to reach Swiss Indoors final October 25, 2014

    Basel: Top-seeded Roger Federer defeated big-serving Ivo Karlovic 7-6 (8), 3-6, 6-3 on Saturday to reach a ninth consecutive Swiss Indoors final and his 11th overall in his hometown of Basel. Federer, who is looking for his sixth Swiss Indoors title after finishing runner-up in the past two editions, will meet...