NRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...

Japan's Nikkei share index soared to a historic 71,000 level on Thursday. This surge followed a ceasefire agreement between the U.S. and Ir...

India's economy is set to grow significantly, but its global market presence lags. GIFT IFSC is building infrastructure to bridge this gap....

India's central bank, the RBI, is opting against direct settlement of government securities via offshore platforms like Euroclear. Instead,...

The RBI is steering clear of offshore settlement for government securities, preferring foreign investors to trade directly on the domestic ...

HDFC Bank has successfully raised $750 million in offshore bonds, marking the first to leverage the RBI's 1.5% fixed-rate swap for external...

The Reserve Bank of India has temporarily removed interest rate ceilings on non-resident deposits, allowing banks to freely mobilize overse...

The Reserve Bank of India has removed interest rate caps on specific non-resident deposits. This move grants banks more freedom to attract ...

The government is collaborating with banks to create a system for sharing borrower asset information. This aims to speed up the recovery of...

India's financial sector has launched a new platform called ARIFAC. This brings together banks, NBFCs, payment firms, insurers, and other e...

Royal Orchid Hotels is set to launch over 50 new properties across India in the coming 12 to 18 months. This expansion is fueled by a surge...

ONGC Videsh Ltd (OVL) had acquired assets overseas as part of increasing the state-run oil producer's crude output. The move to revive OVL ...

Wealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...

HDFC AMC and Nippon Life AMC shares surged up to 6% after Finance Minister Nirmala Sitharaman indicated further measures to attract foreign...

Wealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...

Indian companies are actively raising short-term debt. This surge follows central bank actions that significantly reduced borrowing costs. ...

State Bank of India is set to commit up to $1 billion to fund Sun Pharmaceutical Industries Ltd.'s $12 billion acquisition of Organon & Co....