Swiss News

Companies

Swiss Military Consumer Goods Q3 FY24 Results Live: Profit Rises by 48.59% YoY

Swiss Military Consumer Goods Q3 FY24 Results Live: Revenue increased by 32.94% YoY & profit increased by 48.59% YoY

1 min read15 Feb 2024
Markets

What is the Swiss Challenge method and how can this method be used in banks?

The Reserve Bank of India (RBI) allowed banks to use this technique for the selling of Non-Performing Assets (NPA) accounts in September 2016. As a result, banks are now selling NPA accounts.

3 min read29 Mar 2023
News

Swiss bank UBS fined 1.8 bn euros over tax evasion in French appeal

UBS took the fight to the Paris appeals court after being initially hit with a 3.7-billion-euro fine in a ruling in 2019, France's biggest-ever tax evasion penalty

1 min read13 Dec 2021
Companies

UBS becomes first major European bank to pay out full 2019 dividend

Some 99.49% of the bank's shareholders approved a special dividend of $0.365 per share in a virtual extraordinary general meetingBanks across Britain and the euro zone were halted from paying 2019 dividends during the peak of economic uncertainties in March and April

1 min read19 Nov 2020
News

India gets second set of Swiss bank account details under automatic info exchange framework

India had received the first set of details from Switzerland in September 2019 under AEOI (Automatic Exchange of Information), when it involved 75 countries

5 min read9 Oct 2020
News

Julius Baer to pay over East German cash case

The German agency responsible for reunification has been pursuing Julius Baer since 2014Julius Baer added it would pursue compensation from UBS, from which it bought the parent company of Cantrade, which it said was aware of the claims at the time of the sale

1 min read25 Sep 2020
Technology

Move over Swiss watches, it’s now Apple’s time

A market research firm said Apple shipped 30.7 million units of its ubiquitous watches worldwide in 2019 against the 21 million units moved by the entire Swiss watch industryIn India, the Apple story is slightly different, with value-conscious shoppers buying affordable fitness bands

2 min read7 Feb 2020
News

Merger of rivals for quick growth

Anglo-Swiss and Nestlé joined hands in 1905 after intense rivalry of almost four decades, during which time both were selling versions of products the other was best known for

1 min read1 Sep 2021
Opinion

Opinion | Only for sleuths

New Delhi’s quest for money that has fled its shores must go beyond the Alpine nation, though the data turned over by Berne may help

1 min read23 Dec 2019
News

Finance Ministry declines to share Swiss bank accounts details of Indians

The ministry also refused to disclose the details of black money received from other foreign countriesIndia had in September got the first set of Swiss bank account details of its nationals under a new automatic information exchange pact

2 min read23 Dec 2019
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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