The NRI guilt trap: why high salaries abroad don't always create wealth
Many NRIs earn in dollars but struggle to build wealth as family obligations, emotional guilt and social expectations drain savings and delay financial independence.
Many NRIs earn in dollars but struggle to build wealth as family obligations, emotional guilt and social expectations drain savings and delay financial independence.
Jio Financial Services has fixed August 10 as the record date for its final dividend of Rs 0.60 per share for the financial year which ended on March 31, 2026. This means that only those shareholders who own the shares of the company in their demat accounts as on August 10 (Monday) will be eligible…
With Indian equities witnessing bouts of volatility for months now, many investors are looking overseas for stability and growth. Markets such as the US and China have delivered strong returns, prompting a common question: Should Indian investors diversify globally, and if so, where should they invest? And how much of their portfolio should they allocate…
When a company deducts money from an employee’s salary towards the Employee’s Provident Fund (EPF) and adds the matching employer contribution, the amount must be deposited with EPFO by the 15th of every month. EPF is a government-backed savings scheme, in which both employee and employer contribute 12% each of the employee’s basic salary and…
Retirees who could claim just ₹3 lakh as leave encashment tax exemption before 2023 may now have an opportunity to seek relief. The Income Tax Appellate Tribunal (ITAT), Chennai, said in a recent order that the enhanced ₹25 lakh exemption limit introduced on May 24, 2023 can be applied retrospectively. In an order dated June…
ET Intelligence Group: Skyways Air Services, a logistics company, plans to raise ₹399 crore through a fresh issue to repay debt and fund working capital requirements. It will also raise ₹184 crore through an offer for sale. The promoter group’s stake will fall to 56.8% after the IPO from 79.1%. It is a multi-modal logistics…
Global brokerage Jefferies has initiated coverage on Anthem Biosciences with a Buy rating and a price target of Rs 1,050, citing the company’s differentiated capabilities across small- and large-molecule therapeutics, strong return ratios and a healthy growth runway. The target price implies an upside of around 20% from Anthem Biosciences’ current market price of Rs…