SWISS

  • 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...
  • Borna Coric upsets Rafael Nadal to reach Swiss Indoors semis October 25, 2014

    Teenager Borna Coric upset second-seeded Rafael Nadal in straight sets on Friday to reach the semi-finals of the Swiss Indoors and announce himself as one of the rising stars of tennis. There was no such slip-up for Roger Federer as the top-seeded Swiss remained on course for his sixth title in...
  • Black money case: Jaitley hiding the truth to show PM Modi in poor light, claims Jethmalani in letter October 24, 2014

    New Delhi: Former BJP member and Supreme Court advocate Ram Jethmalani has written a letter to Finance Minister Arun Jaitley accusing him of not taking effective steps to bring back black money. Jethmalani in his letter to the Finance Minister slammed his argument that the names of black money account holders...
  • Milos Raonic beats Donald Young to reach Swiss Indoors quarters October 24, 2014

    Fourth-seeded Milos Raonic of Canada hit 22 aces, including on match point, to beat Donald Young of the United States 6-4, 6-7 (5), 7-6 (2) on Thursday to reach the quarter-finals of the Swiss Indoors. Raonic earned the only break of the match to take the opening set and then dominated...
  • Roger Federer beats Denis Istomin in Swiss Indoors second round October 24, 2014

    Top-seeded Roger Federer again had to fight back from a set down before beating Denis Istomin 3-6, 6-3, 6-4 to reach the quarter-finals of the Swiss Indoors on Thursday. Federer struggled in the opening set, and even walked toward his chair early in the first game before realizing there was still...
  • Federer opens Basel campaign in style, Nadal progresses October 23, 2014

    Roger Federer began his pursuit for a sixth Swiss Indoors Basel title with an explosive 47-minute 6-2 6-1 victory over Gilles Muller on Wednesday after Rafael Nadal reached the quarter-final with a 6-1 6-1 win against Pierre-Hugues Herbert. Top seed Federer hit 12 winners in a 24-minute first set and the...
  • Rafael Nadal reaches Swiss Indoors quarter-finals October 22, 2014

    Basel: Rafael Nadal continued his comeback from injury with a 6-1, 6-1 win against unheralded Frenchman Pierre-Hugues Herbert on Wednesday to reach the Swiss Indoors quarter-finals. The second-seeded Spaniard, playing just his third tournament since Wimbledon due to a wrist injury, blasted past Herbert in 57 minutes, breaking the qualifier's serve...
  • Milos Raonic, Ivo Karlovic advance at Swiss Indoors October 22, 2014

    Fourth-seeded Milos Raonic hit 12 aces and saved all five break points he faced as he beat Steve Johnson of the United States 7-6 (4), 6-4 in the first round of the Swiss Indoors on Tuesday. Johnson, who did not face a break point in the first set, saved one on...
  • Milos Raonic, Ivo Karlovic through to Swiss Indoors 2nd round October 21, 2014

    Basel: Fourth-seeded Milos Raonic hit 12 aces and saved all five break points he faced as he beat Steve Johnson of the United States 7-6 (4), 6-4 in the first round of the Swiss Indoors on Tuesday. Johnson, who did not face a break point in the first set, saved one...
  • Ailing Rafa Nadal eases into Swiss Indoors second round October 21, 2014

    Rafa Nadal did not appear to be affected by his appendicitis problems as he charged into the second round of the Swiss Indoors with a no nonsense 6-2 6-2 win over Simone Bolelli on Monday. The Spanish second seed has been taking antibiotics to delay the need for surgery and was...
  • Black money: Refusal to declare names of account holders disillusions BJP supporters October 18, 2014

    New Delhi: The Narendra Modi government's promise to bring back black money stashed abroad, is now veering uncomfortably close to the UPA government's line. The Centre told the Supreme Court on Friday that it cannot disclose details given by countries with which India has a double taxation avoidance agreement. Finance...
  • Swiss will examine India's request for banking information on priority basis October 16, 2014

    In a major breakthrough in India's fight to bring back black money stashed abroad, Switzerland said it will examine India's requests for banking information on a priority basis. ...
  • India may have to wait for automatic exchange of Swiss information October 12, 2014

    New Delhi/Berne: India may have to wait longer for joining "selected" countries with whom Switzerland plans to do automatic exchange of information on tax matters, even as Indian and Swiss officials will meet soon to iron out their bilateral arrangements on suspected tax evasion cases. Switzerland has started a process...
  • Barry Callebaut to set up manufacturing unit in India September 26, 2014

    Mumbai: Switzerland-based chocolate maker Barry Callebaut is looking at setting up a manufacturing unit in India as part of its global expansion plans to cash in on the Rs 3,000 crore domestic market. Barry Callebaut currently has only commercial operations in the country. It set up an office in the city...
  • Blackmoney: Indian agencies get Swiss banks' data of hoarders August 24, 2014

    New Delhi: Tax investigators pursuing instances of blackmoney stashed abroad by Indians have finally been able to circumvent the Swiss secrecy code by asking over 100 such account holders to submit on their own details of personal balances in these banks, brought under the tax net recently, for lesser penal...
  • Swiss national, a Maoist sympathiser, arrested in Kerala July 29, 2014

    Thiruvanthpuram: Police on Tuesday arrested a Maoist sympathiser in Thrissur district of Kerala. Jonathan Bold, a Swiss national, arrived in Kerala on a tourist visa and attended a meeting organised in memory of a Maoist activist. Bold has been charged under the Foreigners Act, Section 14(b), which pertains to violation of...
  • Pablo Andujar beats Juan Monaco to win Swiss Open title July 27, 2014

    Pablo Andujar of Spain won his first title in more than two years on Sunday, beating Juan Monaco of Argentina 63, 75 in the Swiss Open final. It was the 71stranked Andujar's third career title, all on clay courts. He also won at Casablanca, Morocco, in 2011 and 2012. Andujar got the...
  • Pablo Andujar, Juan Monaco advance to Swiss Open final July 27, 2014

    Unseeded pair Pablo Andujar and Juan Monaco advanced on Saturday to the Swiss Open title match. Andujar, ranked No. 71, beat fourthseeded Fernando Verdasco 63, 67 (2), 61 in an allSpain semifinal at the claycourt Roy Emerson Arena. Argentina's Monaco rallied from losing the first three games to win 63, 76 (4)...
  • Twotime champ Thomaz Bellucci wins 1st match at Swiss Open July 22, 2014

    Switzerland: Twotime champion Thomaz Bellucci won his firstround match at the Swiss Open on Tuesday, beating Gerald Melzer of Austria 63, 64. The 93rdranked Brazilian, who next plays fifthseeded Federico Delbonis of Argentina, won two of his three career titles on clay in the Swiss mountains, in 2009 and 2012. Last year's...
  • Chasing black money, India gets Swiss invite for discussions July 20, 2014

    New Delhi/Berne: As India steps up pressure on Switzerland for details of alleged black money stashed there, Swiss authorities have invited Indian officials to Berne to discuss further cooperation in these matters. Besides, Switzerland has already transmitted "few positive responses" to India, a spokesperson in Swiss Finance Ministry said, without divulging...