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Facebook sets up Libra Networks to create its own cryptocurrency
Mon, May 20, 2019
Facebook wants to be part of the exciting world of digital currency and before any other technology giant takes the leap, the social networking service has reportedly started working on its virtual money in Switzerland. According to a Swiss news site Handelszeitung, Facebook has set up a company called Libra Networks in Geneva that will help CEO Mark Zuckerberg build the cryptocurrency.The company is owned by Facebook Global Holdings II in Ireland and will focus on developing the hardware and software for digital currency-related functions including payments, financing, identity management, big data, analytics, and blockchain.
Siemens sees favourable market environment next year
Thu, Nov 08, 2018
Siemens said it expects a continued favourable market environment with limited risks related to geopolitical uncertainties as the German engineering group on Thursday reported industrial profit in line with expectations.
Indian rupee set to shock further, create more history, of the negative kind
Mon, Nov 05, 2018
With global crude prices remaining elevated, the Indian rupee is likely to be under pressure, and may touch the 76 level against the US currency over the next three months, says a report.
This is the country where expats average income is the highest; check India's ranking
Mon, Oct 22, 2018
Everyone one has a dream of working in a foreign country where they can earn huge amounts of money and be able to afford a luxurious lifestyle. But most people spend their lives waiting or searching for the right opportunity.
Swiss lose competitiveness crown to U.S. in revamped global rankings
Wed, Oct 17, 2018
Switzerland`s nine-year streak as the world`s most competitive economy came to an end on Wednesday, dethroned by the United States in an annual league table published by the World Economic Forum (WEF).
Origami drone can protect itself from collision damage
Thu, Jul 26, 2018
Scientists have developed a resilient drone - inspired by the traditional Japanese paper folding art of origami - that can change its shape to minimise damage when it runs into something.
China enters world's top 20 most-innovative economies
Wed, Jul 11, 2018
India maintains its top place in the Central and Southern Asia region, moving up three spots, from 60th in the GII 2017 to 57th this year. Iran remains second in this region, while Kazakhstan is third.
Diversity key for business innovation, better revenues: BCG
Sun, Jan 28, 2018
In both developing and developed economies, companies with above-average diversity on their leadership teams report a greater payoff from innovation and higher EBIT margins
Modi leaves for Davos to attend World Economic Forum
Mon, Jan 22, 2018
Prime Minister Narendra Modi on Monday left for Davos in Switzerland to attend the World Economic Forum. "Showcasing India`s resilient economy and India`s attractiveness as a destination of doing business!
Money in Swiss banks: India slips to 88th place; UK on top
Sun, Jul 02, 2017
India has slipped to 88th place in terms of money parked by its citizens with Swiss banks, while the UK remains on the top.
Tough action against those helping hide black money: PM Modi
Sun, Jul 02, 2017
Black money: Switzerland ratifies auto info sharing with India
Fri, Jun 16, 2017
Adopting the dispatch on introduction of the AEOI, a global convention for automatic information exchange on tax matters, the Swiss Federal Council said the implementation is planned for 2018 and the first set of data should be exchanged in 2019.
HSBC reveals ongoing tax evasion probe in India, US, France, others
Mon, Feb 27, 2017
HSBC bank in its recently released annual report has revealed tax evasion probe carrried against the bank, HSBC Swiss Private Bank and other HSBC companies in US, France, Belgium, Argentina and India.
India attends international task-force meet on Panama Papers in Paris
Fri, Jan 20, 2017
The Government of India announced on Friday of its participation in the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) meeting on Panama Papers held in Paris on January 16 and 17.
Donald Trump tax cuts could mean more Novartis investment in US
Wed, Jan 18, 2017
Donald Trump`s plans to cut US corporate tax rates could trigger increased investment in the United States (US) by Novartis, its chief executive told Reuters, despite the president-elect`s recent harsh words on drug prices.
Credit Suisse to cut costs further, lowers targets
Wed, Dec 07, 2016
Credit Suisse on Wednesday announced more than 1 billion Swiss francs ($991 million) in extra cost cuts as Chief Executive Tidjane Thiam tries to compensate for challenging conditions which have hampered his restructuring of the lender.
Roche to lay off nearly 350 IT jobs by end-2017
Sat, Jul 02, 2016
Roughly 100 positions will be cut in Switzerland with another 100 in the United States, the spokesman said.
Switzerland breaks NSG promise with India; echoes China in saying NPT signing needed
Fri, Jun 24, 2016
Earlier, Switzerland had promised India it would support its bid for NSG membership during Prime Minister Narendra Modi's recent visit to the country.
Swiss central bank bracing for Brexit 'turbulence'
Thu, Jun 16, 2016
The head of Switzerland`s central bank warned Thursday that the Swiss economy could face turbulence if Britain opts to exit the EU in next week`s referendum, vowing to "take measures if required".
India, Swiss to increase cooperation to tackle black money menace
Wed, Jun 15, 2016
India and Switzerland on Wednesday said a team would soon visit the Alpine nation to expedite pending information requests on Indians with Swiss bank accounts, while an automatic exchange of details would begin in 2018.