Search Results for: ICICI Bank

china-consumer-inflation-hits-five-year-low

China consumer inflation hits five-year low

Another weak snapshot of China's economy. Consumer inflation slowed to only 0.8 percent year-on-year in January - the lowest in five years. The data adding to pressure on the country's central bank Feb 10, 2015
methodology-change-sees-indian-economy-grow-faster-than-chinas

Methodology change sees Indian economy grow faster than China's

New Delhi, Feb 10 (ANI): India forecasted that annual economic growth would accelerate to 7.4 percent in the year ending in March after its statisticians changed the way they measure Asia's third-largest economy and showed it clocked faster growth than China in the December quarter. The statistical recovery is in large measure due to changes both in the way authorities calculate gross domestic product (GDP) and the base year. The new estimate is sharply higher than the Reserve Bank of India's (RBI) growth projection of around 5.5 percent for the year under the old method. It marks a dramatic turnaround for an economy that a fortnight ago was assumed to be struggling to gain momentum under Prime Minister Narendra Modi's reform-minded government. India now measures GDP by market prices instead of factor costs, to take into account gross value addition in goods and services as well as indirect taxes. The base year has been shifted to 2011/12 from 2004/05 earlier. Feb 10, 2015
hsbc-in-tax-dodge-claims

HSBC in tax dodge claims

It's been called the biggest banking leak in history - accusations that HSBC helped wealthy clients to dodge tax. Thousands of accounts at the world's second biggest bank reportedly show the lender's Feb 9, 2015
kejriwal-says-names-listed-over-black-money-same-as-aap-had-revealed

Kejriwal says names listed over black money same as AAP had revealed

New Delhi, Feb 09 (ANI): Aam Aadmi Party (AAP) Chief Arvind Kejriwal on Monday said that the party stood vindicated as the names it had revealed in connection with black money earlier is present in the HSBC bank's Geneva branch list naming 60 Indians and entities involved. "The names I revealed in a PC on 9 Nov 2012 are there in IE list today. We stand vindicated. But bigger Q is - what did 1st Cong and nw BJP do? Nothing? Why? Some of ths ppl claim to hv both BJP n Cong in thr pocket. Why doesn't BJP govt act against HSBC officials? They will spill beans. US did precisely that," Kejriwal tweeted. According to reports, the government is expected to disclose the names of over 60 Indians and entities as part of its crackdown on black money accounts as reported in the HSBC bank's Geneva branch list. Feb 9, 2015

Black Money Probe: Names revealed of account holders, Politicos react

New Delhi, Feb 09 (ANI): Politicos reacted on Monday after a leading daily The Indian Express on Monday revealed names of Indians holding black money accounts abroad. The list included names of businessmen, politicians and their relatives. BJP leader GVL Narasimha Rao said that the SIT would take the appropriate steps on the matter. NCP leader Nawab Malik said that government should take cognizance of the matter as Black Money is a heated debate today. AAP leader Atishi Marlena said that the names listed in connection with Black Money had already been announced in the past. JD (U) leader KC Tyagi appealed SIT to take action against the account holders. According to reports, the government is expected to disclose the names of over 60 Indians and entities as part of its crackdown on black money accounts as reported in the HSBC bank's Geneva branch list. Feb 9, 2015
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