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HSBC job cuts: Indian operations likely to see minimal impact; may get surprise benefits

Jun 10, 2015

HSBC job cuts: Indian operations likely to see minimal impact; may get surprise benefits

Out of the 32,000 employees of HSBC in India, as many as over 27,000 are employed in the back offices and development centres #Offshoring #HSBC #HSBC India #Job cut
HSBC to cut 50,000 more jobs, shrink investment bank division

Jun 09, 2015

HSBC to cut 50,000 more jobs, shrink investment bank division

25,000 staff to be reduced from Brazil and Turkey units and another 22,000-25,000 by consolidating IT and back office operations #HSBC #investment bank #job cuts #shares
Black money probe: Yash Birla, seven others on Swiss list for tax evasion

May 26, 2015

Black money probe: Yash Birla, seven others on Swiss list for tax evasion

Industrialist Yash Birla, and two other Mumbai-based individuals behind City Limousines scam, are among five Indian nationals with Swiss bank accounts whose names have been made public in Switzerland's official gazette with regard to ongoing tax probes against them in India. #World #Business #India #Black money #HSBC #Swiss Banks #Tax fraud #Yash Birla #Berne #Gurjit Singh Kochar #Ritika Sharma
Reliance Industries raises $200 mn through Formosa bonds in Taiwan

May 19, 2015

Reliance Industries raises $200 mn through Formosa bonds in Taiwan

The debt, bought primarily by Taiwanese life insurance companies, offers investors a fixed interest rate of 5 percent, payable half-year, the company said in a statement. #Business #Reliance Industries #CompanyWatch #Deutsche Bank AG #corporate #HSBC Holdings #Formosa bonds #Taipei Exchange
Rs 6400 crore: That's the black money stash from India lying in HSBC accounts

May 13, 2015

Rs 6400 crore: That's the black money stash from India lying in HSBC accounts

The special Investigation Team (SIT), which is monitoring the probe into the black money case, told the apex court on Tuesday that the total undisclosed taxable income from unreported HSBC accounts abroad was Rs 6400 crore. #India #Black money #NumberCrunching #Switzerland #HSBC #SIT
Lumbering economy, El Nino fear make HSBC downgrade Indian equities to 'underweight'

May 13, 2015

Lumbering economy, El Nino fear make HSBC downgrade Indian equities to 'underweight'

India remains one of the most over-owned market in Asia and the bank says the potential for more equity outflows has increased because foreign positions look stretched. #Business #NewsTracker #stocks #HSBC #Daiichi Sankyo #El Nino #Sun Pharmaceutical Industries
Cricket betting key source of black money generation: SIT tells Supreme Court

May 12, 2015

Cricket betting key source of black money generation: SIT tells Supreme Court

Cricket betting has emerged as one of the key sources of black money generation and according to one account it could be as high as Rs. three lakh crore which should be controlled, the Supreme Court was told on Tuesday. #Black money #Cricket #NewsTracker #Supreme Court #FICCI #HSBC #SIT #Betting #PAN
Black money: IT department files 121 cases against HSBC's Geneva account holders

May 01, 2015

Black money: IT department files 121 cases against HSBC's Geneva account holders

The Income Tax department has filed 121 cases of prosecution against those entities whose names have appeared in the HSBC Geneva bank list, Finance Minister Arun Jaitley said on Friday. #NewsTracker #Supreme Court #Arun Jaitley #HSBC #Income tax #Geneva #Undisclosed Foreign Income