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GCC NRIS INVESTMENTS
Why Gulf NRIs are turning to Indian equities as real estate sees an exitGCC-based NRIs are increasingly favouring Indian equities over real estate, with 73% boosting exposure and many deploying fresh capital. Th...- Gulf NRIs are dumping real estate, and betting big on India’s stock marketGCC-based NRIs are shifting investments from Indian real estate to equities and financial assets, driven by geopolitical uncertainty and a ...
- The NRIs will be India's bulwark against global turmoilNRI remittances significantly bolster India's economy, acting as a crucial buffer against global volatility and trade deficits. Inflows rea...
- UAE, USA account for majority FCNR (B) mobilised by local banksThe UAE and the US account for over half of FCNR (B) deposits at Indian banks, with a notable concentration in the Gulf region. Recent data...
- Kerala becomes battleground in banks’ fight for NRI depositsIndian banks are intensifying their efforts to attract deposits from non-resident Indians, particularly in Kerala, a hub for NRI remittance...
- First India-Gulf Cooperation Council foreign ministers' meet promises to deepen tiesExternal Affairs Minister S Jaishankar is in Riyadh for the First India-Gulf Cooperation Council foreign ministers' meeting, aiming to stre...
- GCC keen to 'quickly' start talks for free trade agreement: Piyush GoyalThe Gulf Cooperation Council (GCC) is keen to resume negotiations for a potential trade agreement with India, according to Commerce and Ind...
- India, GCC to launch free trade pact negotiations on ThursdayIndia's exports to the GCC member countries grew by 58.26 per cent to about USD 44 billion in 2021-22, as against USD 27.8 billion in 2020-...
- Realtors push high-end properties to NRIsAccording to a report, India's international UHNI population is mostly made up of NRIs, and about 55% of those who own real estate in India...
- Geojit first to offer online opening of demat accounts for NRIsAs of now, brokerages offer trading and demat account opening facilities to NRIs only as a single category and not linked to an NRE and NRO...
- Investment by NRIs in real estate is expected to rise to USD 14.9 billion in FY22: ReportBy the end of the second quarter, the investments from NRIs grew by 18% on a year-on-year basis, as per the 360 Realtors’ report. In the su...
- ANAROCK appoints Shajai Jacob as CEO - GCC (Middle East)Jacob has moved from international property consultancy JLL India where he was executive director & head - marketing (West Asia).
- Omkar Realtors sells nearly Rs 400 cr worth flats to NRIs in FY18Mumbai-based Omkar Realtors on Saturday said the company sold nearly Rs 400 crore worth properties last fiscal year to NRIs and it has open...
- Mahindra Lifespaces opens first international office in Dubai, eyes key overseas marketsThe company today opened its first international office in Dubai which will address the needs of NRIs in the Gulf Cooperation Council (GCC)...
- Properties from across India to be showcased at UAE exhibitionIndia's housing finance company HDFC Ltd is also showcasing over 60,000 flats from across India at the exhibition.
- Indiabulls enters agreement with Doha Bank for NRI dealsIndiabulls Real Estate Ltd has tied up with Doha Bank to offer its NRI customers exclusive deals on properties in India.
- Indiabulls opens first overseas office in UAELocated in Dubai, the local representative office will cater to the rising interest and demands of the UAE-based NRIs in company's projects.
- Kerala to launch its own airline, says MPKerala is to launch its own airline "Air Kerala" to cater to passengers travelling between the state and Gulf Cooperation Council (GCC) cou...
- Property sales slump in Kerala as NRIs lose faithTop builders have either delayed, downsized or shelved their projects due to dwindling interest among NRIs, who have been driving up proper...
- Double tax pacts with GCC nations in worksIn a bid to boost trade and investment flows from the oil-rich Gulf, the government is planning to put in place comprehensive double taxati...
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