Fixed Deposits for NRI Investors: Tax Implications and Repatriation Rules
Aug 18, 2023, at 07:59 pm
Fixed deposit accounts have been great investment tools for Non-Resident Indians (NRIs) seeking stability and predictable returns. These accounts offer a secure way to grow your money while keeping it easily accessible. However, before you embark on your investment journey, it's crucial to understand the tax implications and repatriation rules associated with NRI fixed deposits. In this comprehensive guide, we will explore the considerations for NRIs looking to invest in fixed deposits.
Bank of Baroda opens 251 new Gold Loan Shoppes
Aug 18, 2023, at 05:07 pm
Mumbai: Bank of Baroda on Thursday announced the launch of 251 new Gold Loan Shoppes across the country.
Godrej launches hair colour shampoo at Rs 15
Aug 18, 2023, at 05:02 pm
Hair colour manufacturer Godrej Consumer Products Ltd (GCPL) has launched a new shampoo hair colour brand ‘Godrej Selfie’ at Rs 15.
Vivriti Capital Ltd to raise Rs 500 cr via NCD; issue openson Aug 18
Aug 18, 2023, at 04:59 pm
Mumbai: Non-banking financial company (NBFC) Vivriti Capital Ltd today announced its first public issue of non-convertible debentures (NCDs) on Friday (Aug 18) to raise up to Rs 500 crore.
Mumbai is currently the most expensive Indian city to live in: Survey
Aug 18, 2023, at 03:31 pm
Mumbai has been ranked as the most expensive city to live in India, as per a news report released by leading property consultant Knight Frank India.
Govt mulls stake sale in Indian Railway Finance Corp through OFS route: Report
Aug 17, 2023, at 07:39 am
New Delhi: The government is considering selling a portion of its stake in the state-owned Indian Railway Finance Corp (IRFC) during the current fiscal year through an offer for sale (OFS), a report in the media said.
Retail inflation jumps to 7.44 pc in July; crosses RBI's upper tolerance band
Aug 17, 2023, at 05:58 am
New Delhi: India's retail inflation measured by the consumer price index (CPI) shot up to 7.44% year-on-year in July 2023 driven primarily by high food prices.
Hyundai inks APA for acquiring General Motors India’s assets in Maharashtra's Talegaon Plant
Aug 17, 2023, at 05:41 am
Chennai: Automobile major Hyundai Motor India Ltd (HMIL) on Wednesday signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets of General Motors India’s (GMI) Talegaon plant in Maharashtra.
Troubled airline Go First faces fresh challenge as more employees resign
Aug 17, 2023, at 05:07 am
Mumbai: Grounded airline Go First is witnessing a high rate of attrition amid its attempts to restart operations, media reports said.
Cabinet approves Rs 58,000 cr PM e-Bus Sewa, Vishwakarma scheme also cleared
Aug 17, 2023, at 04:57 am
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved PM e-Bus Sewa on Wednesday with an estimated cost of Rs 57,613 crore.
Crisil projects Indian economy to grow at 6 pc in FY24
Aug 17, 2023, at 04:46 am
New Delhi: Noting that global slowdown and erratic monsoon could affect the direction of industrial growth in coming months, rating and research firm Crisil on Wednesday said that the Indian economy would grow at 6% in the current financial year.
Meghalaya pineapples exported to Abu Dhabi
Aug 16, 2023, at 08:45 pm
Riding on the efforts of Jamge Integrated Village Cooperative Society (IVCS) and the State government, pineapples from Meghalaya are currently being exported to Abu Dhabi.
Punjab: Bathinda entrepreneurs reap benefits of central government schemes
Aug 15, 2023, at 11:52 pm
Bathinda: The Prime Minister’s Employment (PME) Scheme and the Prime Minister Food Processing (PMFP) Scheme seem to have started yielding good results in Punjab’s Bathinda region, with entrepreneurs in the district claiming of making huge profits within a year after implementation of the two schemes.
Aug 15, 2023, at 04:02 am
Mumbai/IBNS: Maharashtra has topped the ranking in overall fiscal health closely followed by Chhattisgarh, one of the poorest states in the country, while West Bengal, Kerala, and Punjab are at the bottom positions in a report published by a foreign brokerage.
India: Wholesale inflation remains in negative zone
Aug 14, 2023, at 07:57 pm
New Delhi: India's wholesale inflation continued to be in the negative zone but increased to (-) 1.36% in July 2023 from (-) 4.12% in June, data released by Ministry of Commerce and Industry showed on Monday.
Indian Market: Sensex falls over 300 pts
Aug 14, 2023, at 07:24 pm
Mumbai: The BSE Sensex on Monday dropped 302.32 pts at 65,022.33 in opening trade as selling was seen in Metal, Realty, Telecommunications and Commodities stocks.
Adani Group appoints MSKA & Associates as new auditor for Adani Ports and Special Economic Zone
Aug 14, 2023, at 03:30 am
Ahmedabad: The Adani Group has appointed accounting firm MSKA & Associates as the new auditor for Adani Ports and Special Economic Zone (APSEZ), replacing Deloitte. The group said on Saturday that it found the reasons given by Deloitte for resigning as the company's auditor to be "unconvincing", according to media reports.
Adani Group to materialise its $50 billion green hydrogen project with or without TotalEnergies
Aug 14, 2023, at 02:06 am
Billionaire Gautam Adani's company is undeterred in materialising its $50 billion green hydrogen project with or without its French partner, TotalEnergies SE, media reports said.
India's June industrial output grows by 3.7%
Aug 12, 2023, at 09:37 pm
New Delhi: India's industrial output expanded by 3.7 percent in June, according to the Ministry of Statistics and Programme Implementation.
Zerodha AMC gets approval; industry veteran Vishal Jain to be the CEO
Aug 12, 2023, at 08:37 pm
Mumbai: Zerodha founder Nithin Kamath announced that the discount broker has obtained the necessary regulatory approval to establish an asset management company (AMC).
Direct tax collection grows 17% to Rs 5.84 lakh cr so far this fiscal
Aug 12, 2023, at 09:10 am
New Delhi: Net direct tax collection in the current fiscal year up to August 10 stood at Rs. 5.84 lakh crore, 17.33% higher than the net collections for the corresponding period of last year.
SEBI enhances disclosure requirements for FPIs
Aug 12, 2023, at 08:02 am
Mumbai: In an effort to enhance transparency, the Securities and Exchange Board of India (Sebi) has introduced stricter disclosure requirements for a specific category of Foreign Portfolio Investors (FPIs).
Nykaa Q1FY24 net profit falls 27% YoY to Rs 3.3 cr, revenue grows 24%
Aug 12, 2023, at 06:02 am
Mumbai: FSN E-Commerce Ventures, the entity behind Nykaa, a prominent beauty and personal care (BPC) company, reported a nearly 27% drop in its profits for Q1FY24 compared to the previous year, amounting to Rs 3.3 crore.
Patanjali Foods Q1FY24 PAT drops 64%
Aug 12, 2023, at 04:55 am
Mumbai: Patanjali Foods Ltd reported a 64 percent drop in its net profit, amounting to Rs 87.75 crore during the first quarter of the current fiscal year the net profit for the same period in the previous year was Rs 241.25 crore.
ONGC Q1FY24 consolidated PAT sours 102% YoY to Rs 17,383 cr
Aug 12, 2023, at 04:52 am
Mumbai: Oil and Natural Gas Corporation Limited (ONGC) on Friday reported a massive 102% increase in its consolidated net profit for the first quarter of the financial year 2023-24.
Indian Market: Sensex drops 363.53 pts
Aug 11, 2023, at 10:40 pm
Mumbai: The BSE Sensex on Friday lost another 365.53 pts to settle at 65,322.65 as selling was seen in Health Care, Bankex, Auto and Financial Services stocks amid weak Asian Market.
Max Life Insurance introduces ‘Max Life NIFTY Smallcap Quality Index Fund’
Aug 11, 2023, at 08:54 pm
New Delhi: : Max Life Insurance Company Ltd has launched the ‘NIFTY Smallcap Quality Index Fund’ in the ULIP segment. This first Smallcap Index Fund of the Life Insurance industry is based on the NIFTY Smallcap 250 Quality 50 Index that has delivered 22% 10-year CAGR+.
'Global community must find ways to debt restructuring of low-income nations': Nirmala Sitharaman
Aug 11, 2023, at 05:39 pm
Mumbai/UNI: Noting that the high debt level of poor countries poses risks to their sustainable development, Union Finance Minister Nirmala Sitharaman said on Friday that the international community must collaborate and find stronger ways to coordinate debt restructuring for low-income and vulnerable middle-income countries facing debt distress.
Sensex falls by over 200 points
Aug 11, 2023, at 04:23 pm
Mumbai/UNI: The BSE Sensex on Friday lost further by 226.37 pts to 65,461.81 in opening trade on renewed selling in Auto, Bankex, Capital goods, and Energy stocks.
Unicommerce report reveals strong growth in India's E-commerce landscape for FY-2023
Aug 11, 2023, at 10:26 am
Mumbai/IBNS: Unicommerce, a prominent e-commerce enablement SaaS platform in India, has unveiled its third annual trends report, titled 'India E-commerce Index' 2023.