Tag: NRI
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Billionaire Gupta buys 2nd bank in UK
Billionaire NRI metals tycoon Sanjeev Gupta has bought his second bank – a UK subsidiary of a Nigerian bank – which he intends to reshape as a post-Brexit bank to support the UK’s trade with Commonwealth markets. Punjab-born Gupta, who leads the London-headquartered $12 billion GFG Alliance group of companies, has entered into an agreement…
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H1B visa: Blow To Indians, life goes tough in Donald Trump’s America
The Trump administration is planning to end allowing spouses of H-1B visa holders to work legally in the United States, a top federal agency official has told lawmakers, a move that could have a devastating impact on tens of thousands of Indians. The move to end the Obama-era rule could have an impact on more…
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NRI investment options in India
NRI investment in India has been a very hot topic for the past decade given the increase in FDI inflows into India. More NRIs are beginning to look at parking their funds in India in different asset classes. In case they are looking to invest a larger sum, they tend to look at real estate.…
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Dubai hosts first NRI summit on women
Organised by Arushi Nishank, acclaimed Kathak dancer and entrepreneur, the programme kicked off with a yoga session for women. The Indian diaspora in foreign countries should step-up and do more to help the female population of India, said Canada’s first Sikh female politician Ruby Dhalla. The prevalence of female infanticide, sex-selective abortion, honour killings, rape,…
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Are you an NRI wanting to invest in Indian mutual funds? Here is how to go about it
As mutual fund houses are not allowed to accept investments in foreign currencies, they have to first open an NRE/NRO account with a bank in India to route their investments. Investment process An NRI investor should be KYC Compliant before making investments in mutual funds. Manish Kothari – Director & Head of Mutual Funds, Paisabazaar.com…