Business & Economics
Banking
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Right Step Towards Title Guarantee
Real estate prices crucial for economy “As land prices are generally a significant component of house prices, reforms in this sector help in safety and stability of the financial system. After all, housing accounted for […]
Business & Economics
United States
RAJASTHAN MINISTER INAUGURATES RAJASTHAN CHAPTER OF INOC (I)
NEW YORK (TIP): Rajasthan government Minister for Urban Development and Housing Shanti Dhariwal inaugurated on May 25 Rajasthan chapter of Indian National Overseas Congress (I) at Mint Restaurant in Long Island, New York. Inaugurating the […]
Indian Americans
Prominent Indian American neurosurgeon sentenced to probation for unreported offshore bank accounts
MILWAUKI (TIP): On February 1, 2013, the U.S. District Court for the Eastern District of Wisconsin sentenced Arvind Ahuja, a Milwaukee neurosurgeon, to serve three years of probation and to pay a fine of $350,000 […]
Business & Economics
In FY13, NRI deposits climb 19%
MUMBAI (TIP): Lured by higher returns offered by banks in their homeland, non-resident Indians (NRIs) placed deposits aggregating $14.18 billion in the financial year ended March 2013, an increase of 19 per cent over the […]
India
Europe
HSBC Fears’significant’ Penalty In NRI Tax Evasion Probe
LONDON (TIP): Global banking major HSBC has said it may face “significant” penalties from the US authorities with regard to an ongoing probe into suspected tax evasion by the US-based clients of its Indian unit, […]
Business & Economics
Hp Eyes $1bn Sale Of Mphasis Stake M
MUMBAI (TIP): Hewlett Packard (HP) has formally started work to sell IT services firm MphasiS Ltd with Citigroup managing the process, said people directly briefed on the matter. HP’s move is said to attract the […]
India
India’s Ability To Articulate Has Always Been Very High ASOKE K. MUKERJI
Q. Can you tell us a few high and low points of your career in Foreign Service so far? I joined the Indian Foreign Service 35 years ago. We were young then. We didn’t realize […]
United States
Bank of America Profits up in Q1, but Mortgage Income falls and EPS come up short
NEW YORK (TIP): Bank of America BAC -3.66% recorded net income of $2.6 billion in the first quarter, significantly above last year’s $653 million, on $23.7 billion in revenue. Earnings of 20 cents per share […]
Business & Economics
NRI deposits rise 37% on high domestic interest rates
MUMBAi (TIP): Non-resident Indians (NRIs) are keeping faith with the returns their banks back home are giving them. In the first eleven months of FY13, NRI deposits in the banking system rose 37 per cent […]
United States
Acting CG Highlights FM’s Focus During His Coming Visit To US
NEW YORK (TIP): Acting Consul General Dr. Devyani Khobragade arranged a one-on-one meeting at the Indian Consulate in New York to welcome any inputs and suggestions that the Indian businesses set up in New York […]
United States
Fed Slaps Goldman, J.P. Morgan Over Dividends, Buybacks
NEW YORK (TIP): Nearly all of the nation’s largest banks won permission to return cash to shareholders Thursday, March 14 but the Federal Reserve imposed conditions on Goldman Sachs and JPMorgan Chase’s plans to raise […]
India
Bharat Bandh: Nation-Wide Two-Day Trade Union Strike Hits Banking, Transport Services
NEW DELHI (TIP): Bharat Bandh:Nation-wide strike hit banking andtransport sector day two of nationwidestrike. While banking services were onFebruary 21 paralysed with ATMs runningout of cash in metro cities and publictransport disrupted during the Centraltrade […]
India
Anna Hazare’s Magic Is Working!
CVC reports a 100 per cent jump in corruption complaints in 2012 NEW DELHI (TIP: It’s a record thatwill bring a smile to the faces of AnnaHazare and likes. Their anticorruptionagitation might not havebrought down […]
United States
Business & Economics
Featured
Featured
Obama Nominates Jack Lew as Treasury Secretary
WASHINGTON (TIP): US President Barack Obama, in an effort to rejuvenate the battered US economy, on Thursday, January 10th, nominated his Chief-of-Staff and budget specialist Jack Lew to succeed Timothy Geithner as the next Treasury […]
India
Business & Economics
United States
UBS to Pay $1.5 Billion to Settle Libor Charges
NEW YORK (TIP): UBS AG became the second bank to settle accusations that it tried to rig benchmark interest rates, agreeing to pay roughly $1.5 billion in a deal with authorities in multiple countries that […]
Business & Economics
United States
Citi CEO Vikram Pandit Steps Down
NEW YORK (TIP): In a surprise move, Citigroup’s Indian American chief executive Vikram Pandit stepped down Tuesday, October 16, ending his tumultuous five-year reign atop the banking giant that he had nursed to recovery through […]