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FOREIGN PROPERTY PURCHASE REGULATIONS INDIA
Residents tempted to gatecrash FCNR party for NRIsWealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...- Investing abroad? These 7 costly mistakes could trigger an income tax noticeWealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...
- Portfolio investment scheme now open to PROIsIndia has eased investment rules for foreign individuals and entities in listed stocks, allowing them to invest via the portfolio investmen...
- India's Russian oil imports rise in May as refiners boost purchasesIndia continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydro...
- Katy Perry fans have one question after Justin Trudeau bought a $3.1 million mansion in CanadaFormer Canadian PM Justin Trudeau has reportedly purchased a $3.1 million mansion in Montreal's Outremont neighborhood. Insiders suggest th...
- Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflowsIn an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in att...
- Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflowsBanks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wor...
- RBI pushes banks to bring more dollars homeThe push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) de...
- Cupid Breweries to acquire United Spirits' alcobev unit in Odisha for Rs 22.5 croreCupid Breweries and Distilleries will acquire an operational alcoholic beverage manufacturing unit in Odisha from United Spirits Limited. T...
- Sebi to review delisting framework to ease exitsIndia's market regulator, SEBI, plans to review its delisting rules. This move aims to simplify capital market processes for businesses. SE...
- Sebi weighs introducing long-term futures and options contracts: Tuhin Kanta PandeySebi is evaluating longer-term futures and options contracts, broader commodity derivatives and bond index derivatives to deepen markets. T...
- Who is Salman Khan's neighbour Ketan Kakkad and why are they fighting a case in Bombay HC? Their property dispute explainedA land dispute between Salman Khan and his neighbor, Ketan Kakkad, has escalated into a lengthy legal battle involving allegations of encro...
- FPIs lap up bonds worth 10,000 cr in four sessionsForeign investors have injected nearly ₹10,000 crore into Indian bonds in four sessions, reversing recent outflows. This surge follows tax ...
- India scrapping tax for foreign investors in govt bonds aimed at inclusion in Bloomberg index, govt official saysIndia has removed capital gains tax on foreign investments in government bonds. This move aims to help India join Bloomberg's Global Aggreg...
- Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...
- Landlord filed case to evict tenant but tenant bought 50% share from co-owner mid-dispute and filed partition of property case: HC gives no relief to landlord on eviction caseA tenant facing eviction for unauthorized construction and rent default became a co-owner mid-dispute. He purchased a 50% share of the prop...
- Saudi Arabia issues new property ownership rules for foreign companiesSaudi Arabia has updated rules for foreign companies wanting to buy property. These companies do not need to conduct business in the Kingdo...
- Delhi hotel fire: Probe narrows focus on blocked roof exit, heaters, norm violations and ownership tangleDelhi Police are investigating a devastating hotel fire in Malviya Nagar. Key findings include a blocked roof exit and cooking heaters in g...
- Uttar Pradesh RERA cautions against panic buying of homes, says sufficient inventory available for saleUttar Pradesh real estate regulator RERA reveals over 1.15 lakh housing and commercial units are available for sale across the state. Buyer...
- Planning to move to Malaysia? Here's what you need to knowMalaysia My Second Home (MM2H) offers long-term residency through an investment scheme with four categories: Platinum, Gold, Silver, and SE...
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