Kotak Mahindra Bank on Monday launched its online remittance service - FundstoHome - for non-resident Indians.
Canada has taken a serious note of NRIs from Canada duping Indian women after marrying them in India.
Entry of top chief executive officers of large MNCs and Non-Resident Indians into the boards of leading domestic companies will help India integrate with the prevalent global corporate culture, says a survey.
The Uttar Pradesh chief minister is on an overseas tour to woo investors.
The helpline, Open 24x7, could be used by NRIs in distress to address their problems to the concerned officials in the ministry.
The State Bank of India, ICICI Bank, HDFC Bank, IndusInd Bank, ABN Amro and others are all set to hardsell themselves to pravasis in the Gulf at the two-day 'NRI Money Show 2003' beginning June 27 in Dubai.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
NRIs remittances jumped 19 per cent to $66 billion in the last fiscal compared to the previous financial year because of a sharp decline in the rupee value against dollar, Assocham said in a study.
The Non-Resident Indians (NRIs) living in the US, UK, Canada and Singapore can now avail the benefit of a lesser tax deduction on their Non-Resident fixed deposit with ICICI Bank, a top bank official said in Mumbai. The NRO FD Plus offers the benefit of concessional rate of tax deducted at source (TDS) under the Double Taxation Avoidance Agreement (DTAA) of India with these countries, ICICI Bank General Manager and Head NRI Services Manish Mishra said.
There has been an upsurge in hiring of Non-Resident Indians and expats by companies in the country in the past two years, thanks to improved infrastructure and competitive compensation levels, experts say.
People of Indian Origin and NRIs should tap the country's huge youth potential to create valuable knowledge links that can catapulate the country into a global innovation hub, Union Minister of Science and Technology Kapil Sibal has said.
India's rupee woes seem to have worked in favour of non-resident Indians (NRIs). Last week, the Reserve Bank of India increased the cap on foreign currency non-resident (FCNR) and non-resident external (NRE) interest rates.
Karimnagar, which had been in the news for reelecting the Telangana Rashtra Samithi president, K Chandrasekhara Rao, with a thumping majority, has also entered the radar of Maruti Udyog Limited.
The programme enables Indians residing overseas to gift a car to anyone residing in India and had found very few takers since its inception.
Non-Resident Indians (NRIs) are one of the key contributors to the growth of the real estate industry and considering the immense potential in India, they are likely to step-up the investment in future.
But due to SEC diktats, funds that are US-based -- like Templeton, Fidelity and HSBC -- do not accept investments from NRIs.
Non-Resident Indians will now be able to book the popular range of Maruti vehicles in the Gulf states and receive their delivery at a place of their choice in Kerala.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
Fans wearing the India jersey, carrying the Indian flag, laughing, joking and anticipating an India win are moving towards the Narendra Modi stadium. There are families, friends, children, adults, teenagers, middle aged and the senior citizen who have all painted the city blue.
There are no great emotional highs or lows in Dono. It is just made up of little moments of normal interactions between young people, observes Deepa Gahlot.
It's baffling that highly trained professionals who have migrated in search of better incomes and creature comforts, and whose number includes some 200,000 millionaires, should still feel so vehemently about the landscape they have abandoned.
A prominent Indian Diaspora body, FIIDS, on Monday urged Finance Minister Nirmala Sitharaman to allow non-resident Indians and overseas citizens of India (OCI) card holders to invest in the Indian stock market. Such a move would boost the Indian economy further by attracting investment from the global Indian community, said the Foundation for India and Indian Diaspora Studies (FIIDS) USA. FIIDS is a US-based institute for US-India policy studies and awareness.
Non-resident Indians with wealth stuck in real estate in India have reason to rejoice.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Intermediaries, TPAs will also benefit, but investments will be under 26% FDI cap
The company has plans to open offices in the US, Singapore and other parts of West Asia such, such as Oman and Qatar in the next couple of years. "The NRI community is totally underserved. We want to tap the vast business potential arising from 2.5 crore (Rs 25 million) NRIs working abroad,'' said Kapil Wadhawan, vice chairman and managing director, DHFL.
There always will be more India products than you can count! Here's a suggested product strategy. . .
Over 1,300 people signed the open letter within 48 hours, which was submitted to the Prime Minister's Office on Monday.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss francs (nearly Rs 30,000 crore), annual data from Switzerland's central bank showed on Thursday.
SBI Life Insurance is in the process of seeking permission from foreign regulators to sell its products to Non-Resident Indians through the overseas branches of the State Bank of India.
The Budget has changed the rules for Indian citizens and persons of Indian origin visiting India. Instead of 182 days, the number of days has been reduced to 120. You will be treated as a resident of India for tax purposes if you stay in the country for more than 120 days in a financial year and 365 days in the past four years. One consequence of the change will be that people of Indian origin who reside outside India will be able to spend a smaller number of days in the country if they wish to keep their non-resident status intact, points out Sanjay Kumar Singh.
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