HSBC whistleblower defends tax leak as he fights extradition

HSBC whistleblower defends tax leak as he fights extradition

Former HSBC employee Herve Falciani arrives at High Court in Madrid, Spain on September 11. (REUTERS Photo)   MADRID, September 11 (Reuters): A whistleblower fighting extradition to Switzerland for leaking details of thousands of clients of HSBC’s private bank there said on Tuesday his actions had played a key role in helping other European countries uncover […]

‘India, China driving global energy market transition’

‘India, China driving global energy market transition’

San Francisco, September 11 (IANS): Emerging markets India and China are driving growth in energy demand and choosing renewables over fossil fuels. Both are already choosing solar and wind over fossil fuels, a new report said on Tuesday.   Globally, the rapid growth of clean technologies will see fossil fuel demand peak in the 2020s, putting […]

Larger number of bad loans originated in 2006-2008: RBI ex-chief

Larger number of bad loans originated in 2006-2008: RBI ex-chief

New Delhi, September 11 (IANS): A larger number of bad loans or NPAs originated in 2006-2008 when Indian economic growth was strong as the banks made mistakes, former RBI Governor Raghuram Rajan has said.   He said that global slowdown, project cost overruns and government decision-making were among the factors that contributed to the process.   […]

FSSAI plans third-party audit of food businesses

FSSAI plans third-party audit of food businesses

New Delhi, September 10 (IANS): In order to strengthen the food safety surveillance system, the Food Safety and Standards Authority of India (FSSAI) has envisaged audit of food business operators through third-party private agencies, the regulator said on Monday.   FSSAI said that the audit through “recognised” agencies in addition to existing enforcement and inspection procedure […]

Centre extends GSTR-1 filing date till October 31

Centre extends GSTR-1 filing date till October 31

New Delhi, September 10 (IANS): The government on Monday extended till October 31 the deadline for filing of the Goods and Services Tax Return (GSTR)-1 form for transactions during July 2017 to September 2018. It also announced a one-time waiver of late fees to enable their filing within the new deadline.   A Union Finance Ministry […]

Alibaba CEO Zhang to succeed Jack Ma as Chairman

Alibaba CEO Zhang to succeed Jack Ma as Chairman

Daniel Zhang, Chief Executive Officer of Alibaba Group Holding Ltd., attends the Alibaba Group’s 11.11 Singles’ Day global shopping festival in Shanghai, China. (REUTERS File Photo)   Bengaluru, September 10 (IANS) :Chinese e-tailer Alibaba Group’s Chief Executive Daniel Zhang will be the new chairman, succeeding its co-founder Jack Ma from September 10, 2019, the global […]

HP unveils game-changing 3D metal printing technology

HP unveils game-changing 3D metal printing technology

Palo Alto (California), September 10 (IANS): Keeping its promise to infuse life into 3D metal printing and transform the $12 trillion manufacturing industry, tech giant HP Inc on Monday launched the worlds most advanced 3D printing technology for the mass manufacturing of production-grade metal parts.   Called HP Metal Jet, the technology is up to 50 […]

No end to fuel price hike, climbs to new high

No end to fuel price hike, climbs to new high

New Delhi, September 10 (IANS): A depreciating rupee and expensive crude oil further pushed domestic fuel prices to new record highs on Monday even as a united Opposition led by the Congress staged a nationwide shutdown protest against the rising prices.   Petrol in Delhi rose by 23 paise to Rs 80.73 per litre, while it […]

PNB fraud: Interpol issues red corner notice against Nirav’s sister

PNB fraud: Interpol issues red corner notice against Nirav’s sister

New Delhi, September 10 (IANS): Interpol has issued a red corner notice (RCN) against Purvi Deepak Modi, sister of fugitive diamantaire Nirav Modi who is wanted in the Rs 13,500 crore Punjab National Bank (PNB) fraud case, officials said on Monday.   According to the Enforcement Directorate (ED) the Interpol issued the RCN against Purvi Modi […]

Japanese Sake beverage launched in India

Japanese Sake beverage launched in India

New Delhi, September 9 (IANS): The Japanese embassy on Saturday organised Japan’s traditional “Sake Festival” here to promote and launch the rice-based alcoholic beverage in India.   According to Japan Sake and Shochu Makers Association, Sake has played a central role in Japanese life and culture for the past 2,000 years. Sake is a fermented alcoholic […]

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