HSBC HSBC Holdings plc also known as HSBC commonly is a British multinational banking and financial services company. The company is headquartered in London, United Kingdom and is the world’s third-largest bank and sixth-largest public company according to a composite measure by Forbes magazine (as of 2012). It has around 7,200 offices in 85 countries […]

Limited Liability Company Limited Liability Company is a hybrid business entity having some features of a corporation, a partnership or sole proprietorship business. It is more of an association than a corporation. It is seen that many people choose the Limited Liability Company as their form of business, mainly because of the ease in set […]

Pricewaterhouse Coopers PricewaterhouseCoopers also known as PwC is a multinational professional services firm headquartered in London, United Kingdom. PwC is the world’s largest professional services firm and is also the largest of the “Big Four” accountancy firms measured by 2012 revenues. The company has its presence over 771 cities spread across 158 countries and currently […]

Cheque Truncation System is considered to be major milestone in the history of Indian banking system. CTS aim to make cheque clearance more efficient while reducing the clearance time of cheques to one day thus trimming down the floating time considerably. It is reported that in India, around 1.2 billion cheques are processed annually. Thus implementation […]

Why RBI refrained from Rate Cuts The Central bank of India, the RBI refrained from reducing rates since April 2012. The apex bank cited the high risk of inflation which might increase owing to the fact of rising fiscal deficit. RBI re-iterated that rate cuts alone cannot boost growth, unless the government implements economic reforms […]

FISCAL CLIFF Fiscal Cliff is the popular shorthand term used to describe the conundrum that the U.S. Government will face at the end of 2012, when the terms of the Budget Control Act of 2011 are scheduled to go into effect. Among the laws set to change at midnight on December 31, 2012, are: The […]