The launch of a range of electric motorbikes (e-bikes) by Bengaluru-based Ola Electric, a first for the company, has disconcerted the industry because the low price the firm claims to be offering has the potential to disrupt the market. On August 15, Ola unveiled its Roadster series e-bike with a starting-price at Rs 74,999. This new pricing undercuts the previous lowest price in the category, which was Rs 110,000.
Deposit schemes for non-resident Indians could become unattractive as part of attempts to check foreign exchange inflows.
With hike in deposit rate for expatriates, RBI has reversed the trend of fall in NRI deposits and ensured that banks have additional funds to lend to needy sector of the economy.
Shami Chakrabarti, leading NRI human rights lawyer and director of prominent civil liberties group -- Liberty, has been appointed as the chancellor of Oxford Brookes University.
The inflow of Non-Resident Indian deposits shot up to $3.99 billion at the end 2008-09 as against mere $179 million at the close of the previous year, according to Reserve Bank of India data.
Indian real estate market remained buoyant in January-June this year, with housing sales hitting an 11-year high at 1.73 lakh units and office demand at a record 34.7 million square feet across eight major cities, according to Knight Frank. On an annual basis, housing sales rose 11 per cent to 173,241 units while leasing of office space grew 33 per cent to 34.7 million square feet during January-June this year across eight major cities. Shishir Baijal, chairman and managing director, Knight Frank India, said, "India's real estate market has been buoyant in the last few quarters owing to the strong economic fundamentals and stable socio-political conditions."
So far this year, around 839,545 electric vehicles have been sold, accounting for approximately 6.69% of the total 12,541,684 vehicles sold.
Forex inflows may slow down and banks may be deprived of cheap funds if the government accepts Reserve Bank of India's suggestion to tax non-resident Indian deposits, bankers warned on Wednesday.
The accident took place at around 5.50 am on Wednesday, when Saini, 68, was riding a bicycle along with fellow cyclists on the Palm Beach Road in Nerul area, an official said.
An NRI entrepreneur has successfully converted an old court house in the heart of London into a five-star hotel, providing a luxurious haven for those wishing to enjoy the best that the capital has to offer.
The Union Cabinet has approved the policy framework for establishing a Non-resident Indian/Person of Indian Origin (NRI/PIO) university in India.
rediffGURU T S Khurana answers readers' personal income tax queries.
On Wednesday, rupee depreciated to an all time low of 60.72 against dollar.
The actor-turned-politician has been allotted Panchayat Raj and Rural Development, Environment, Forests, and Science and Technology portfolios.
A Dubai-based NRI businessman is planning to start a new airline in India. Aniyan Kutty, managing director of Dubai-based Clarion Shipping Services, said initially the airline will connect smaller cities, followed by operations all over India.
NRI entrepreneur Sourabh Sen has been awarded the prestigious Global Green Award in recognition of his leadership and success in promoting renewable energy solutions in emerging markets such as India.
In a major security breach at the Wagah-Attari border crossing with Pakistan, an NRI crashed his SUV into the security gates at the Attari Joint Check Post in the wee hours of Monday and reached the Zero line at the International Border.
rediffGURU T S Khurana answers readers' personal income tax queries
Jaitley presents NRI award to G P Hinduja.
Leading NRI industrialist Rami Ranger was on Saturday made a member of the British Empire by Queen Elizabeth II for his services to business and to the British Asian community.
The flow of NRI funds witnessed a substantial increase of about 40 per cent in the year 2003-04 against the previous financial year
While Chandrasinh's name has also come in connection with Satish Rugani assault case too, the other four do not have any criminal records as such, he said.
With the rise of ultra-luxury housing in India comes ultra-customised marketing. Developers selling high-end homes, priced above Rs 20 crore, are moving away from traditional marketing for these homes to newer methods, such as painstaking profiling of customers before showing them the property, augmented reality for visualisation of interior decor, virtual tours, and closed-door international shows. There is also marketing through online ads, social media influencers, and exclusive memberships.
All categories of NRI deposits saw net inflows in July.
With the hugely popular Panchayat's third season ready to drop this week, we look at all the rural themed shows available on OTT.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
The India Investment Centre, at present under the finance ministry, will find a new home with the newly constituted non-resident affairs ministry.
The driver of the cab that fatally knocked down former Intel India country head Avtar Saini in Maharashtra's Navi Mumbai, has told the police that he lost control over the vehicle as he dozed off because he was driving all night, an official said on Friday.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment
A leading US daily has questioned Democratic leader Hillary Rodham Clinton's choice of NRI businessman Sant Chatwal, who faced allegations of forfeiting tax, as a fund-raiser.
There would be an increase in NRI investment in India post elections.
Such holders will earn only post office savings account rate of 4 per cent and not the higher rate on those instruments when the status was one of resident.
A trickle of NRI doctors returning home has been there all around the country for decades now.
