“FEMA works on intention,” Agarwal explained. “As per FEMA, you become an Indian resident as soon as you arrive in India with an intention to stay. On day one, you must comply with RBI requirements, redesignate all NRE and NRO bank accounts to resident savings accounts, and notify financial institutions.”
The combined market valuation of nine of the top-10 most valued firms eroded by Rs 2.74 lakh crore last week, in tandem with a bearish trend in equities, with HDFC Bank taking the biggest hit. Last week, the BSE benchmark Sensex tanked 2,091.68 points, or 2.67 per cent, and the NSE Nifty declined 566.85 points,…
Shares of Dixon Technologies, Syrma SGS Technologies and Amber Enterprises rose as much as 6% on Thursday after the Centre expanded customs duty concessions on a range of machinery and components used in electronics manufacturing. The benefits, which come into effect immediately, cover equipment and parts used in lithium-ion batteries, display modules and smartphone components,…
Shares of BlueStone Jewellery rallied another 7% to Rs 832 on the BSE on Thursday, extending their winning streak to a third straight session and taking gains to 36% over the period. The buying momentum follows a strong Q1 performance, with the company reporting a net profit of Rs 14 crore, compared with a net…
How should a retail borrower navigate all these options? The good news is that consumers today have access to more information than ever before. There are numerous digital tools, educational resources, and financial platforms that can help individuals better understand credit products and compare available options. Credit bureaus also play an important role by enabling…
NEW DELHI: Notwithstanding the turmoil in global economic environment, as many as six Indian firms, including Reliance Comm and Bharti Airtel, have been named among top 100 best-performing infotech companies in the world by a US magazine BusinessWeek. The BusinessWeek’s latest annual list ‘The Infotech 100’, which ranks the firms on the basis of shareholder…
The gold jewellery industry entered FY27 facing a four-pronged challenge. Soaring oil prices, rising inflation concerns and renewed expectations of higher interest rates amid the West Asia crisis coincided with the once-in-three-years Adhik Maas period, which typically dampens wedding-related jewellery demand. At the same time, Prime Minister Narendra Modi urged citizens to curb gold purchases…