The data may include details of foreign bank accounts, investment accounts, certain financial investments, interest income, dividends and other specified financial income held by Indian tax residents abroad.
Fugitive diamond merchant Nirav Modi has been ordered by a UK High Court to pay Bank of India over USD 11.5 million, including accruing interest, for a personal loan guarantee related to his Dubai-incorporated firm, Firestar Diamond FZE.
Algo strategies must be registered with stock exchanges.
'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'
Ramesh is not in our class group photo. He had already vanished from school by the time it was taken. We didn't know why then. A few weeks later, we did, recalls Binu Alex.
After four consecutive months of outflows, foreign portfolio investors (FPIs) have turned net buyers in Indian equities in July, investing over Rs 15,157 crore, driven by improving domestic macroeconomic indicators, a stable rupee, and better global risk sentiment.
'The order has no practical effect unless and until he chooses to enter Singapore.'
'Midcaps and smallcaps are the 'go-to segments' for retail investors.'
Investors now have 27 passive smallcap funds to choose from 17 index funds and 10 ETFs.
In essence, Tata Sons will continue to be a CIC, whether registered or unregistered. It will have to follow the 90:60 principle.
If it qualifies as belonging to the upper layer, public listing will be one of the regulatory requirements. However, if it qualifies as 'unregistered CIC', it will escape from prudential regulation, explains Tamal Bandyopadhyay.
Dhamaal 4, the latest instalment in the comedy franchise, struggles with lazy writing, recycled jokes, and an over-reliance on self-referential humour, despite a committed cast.
In cities where women own a larger share of small businesses, women also account for a larger share of jobs.
Indian IT service providers face heightened competition from AI-native firms in the next three years, potentially eroding their revenue base unless they remain competitive and protect recurring businesses, according to a report by S&P Global Ratings.
On camera, youngsters gave their names, where they'd come from, where they were studying or working - and then proceeded to criticize Modi. On camera, they held up posters mocking Modi, points out Jyoti Punwani.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
US Federal Reserve Chairman Kevin Warsh has picked former RBI governor Raghuram Rajan, Harvard University economics Professor Raj Chetty and Microsoft XBOX CEO Asha Sharma to be part of task forces constituted to examine the central bank's approach to monetary policy and propose transformational changes.
Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held. This was not an accident, and it was not luck alone. It was the work of a government that chose to act as it had during the pandemic -- deliberately and gradually, building one measure upon another rather than reaching for a single dramatic lever, explains V Anantha Nageswaran, chief economic advisor to the Government of India.
The aim is to win over the country's enterprises, developers and startups as AI systems shift from answering questions to autonomously executing tasks.
Pre-listing shareholder lock-ins for 53 companies, valued at $11 billion, are set to expire between July and September, according to an analysis by Nuvama Institutional Equities, though not all shares are expected to flood the open market.
'I have never chased money. Yes, you have to pay me my worth. I am not a free artiste but I don't chase money.'
The Enforcement Directorate (ED) has attached immovable assets worth over Rs 5 crore belonging to former Assam excise secretary Indreswar Kalita in connection with a money laundering investigation.
Commercial banks in India recorded their highest credit growth in two years, accelerating to 18.6 per cent year-on-year by June 27, while also mobilising nearly 7 trillion in deposits, marking the third-highest fortnightly deposit growth in 29 years.
'India has initiated a bear market and we will still go lower. It has nothing to do with the economy.'
A terrific first half makes I, Nobody look like a great thriller, until an increasingly muddled second half loses the plot, laments Sreeju Sudhakaran.
Sending money from the US to India has become costlier after a 1% excise tax on cash-based remittances took effect from January 1, 2026.
India's banking system liquidity has fallen into a deficit for the first time in nearly three months, prompting the Reserve Bank of India (RBI) to inject 1.41 trillion through a seven-day variable rate repo (VRR) auction to ease the temporary tightness.
Shares of Tata group's retail firm Trent slumped over 11 per cent after its June quarter standalone revenue growth of 19 per cent to Rs 5,666 crore missed market expectations, which had anticipated a 22 per cent year-on-year increase.
It, however, conceded that 20 per cent blending of ethanol with petrol leads to 3-5 per cent lower mileage in vehicles than conventional petrol, but said the blend offers a significantly higher octane rating, superior anti-knock properties, faster combustion, better pickup, smoother acceleration, and cleaner engine operation.
While the starting price is the same as the Duster at Rs 10.4 lakh, the top-end is slightly cheaper at Rs 18.5 lakh for the 1.3l automatic.
Travel is now the dominant spending category for India's affluent consumers, who are prioritising experiences and luxury goods over retail buying, according to a new report.
'Buy on dips, buy on dips and sell on rise.'
Divestment has emerged as a priority for the government following a moderation in direct tax collections.
India's domestic passenger vehicle sales experienced a robust 24.6 per cent year-on-year increase in June, propelled by favourable government policies like income tax relief and repo rate cuts, alongside resilient rural demand, even as global crude oil prices pose potential cost pressures.
The men in my family left early. The women stayed. And somewhere in between, they made me whoever I am, notes Binu Alex.
Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.
Delhi Police have arrested three individuals for staging a firing incident in Paschim Vihar, Delhi, to extort financiers and evade loan repayment by falsely portraying themselves as victims of foreign-based gangsters.
Nissan Motor India aims to achieve a fourfold increase in domestic sales, targeting 100,000 units annually, and export another 100,000 vehicles from its Chennai plant by financial year 2027-28 (FY28), marking a significant revival of its presence in the Indian passenger vehicle market.
The Indian government has allocated an additional 2 million tonnes of surplus broken rice from FCI stocks for its ethanol blending programme, while simultaneously issuing a detailed rebuttal to widespread misinformation regarding the E20 fuel, addressing concerns from water consumption to engine damage and environmental impact.
AI-driven job disruption, rising debt, shrinking savings and a changing global economy are reshaping India's middle class. Saurabh Mukherjea discusses jobs, entrepreneurship, investing and the future of India's economic growth on THE REDIFF PODCAST.
'SIT means nothing because the BJP government of Uttar Pradesh and Ram Janmabhoomi Trust are the same people.'
