Banks are tightening the rules for corporate credit cards following regulatory concerns. Users must now declare that these cards will only ...

Large private sector banks in India are blocking Indian promoters' plans to establish investment companies abroad due to concerns of sidest...

The income tax department scrutinizes donations of ₹5 lakh or more made to little-known political parties during FY 2020-21, suspecting mon...

The RBI is scrutinizing the misuse of a 2003 rule allowing Indian students abroad to be treated as NRIs, which enables large overseas fund ...

HDFC Securities has issued a sell recommendation for Balkrishna Industries with a revised target price of Rs 2092. Despite strong volume gr...

Many Indian high net worth families have been swept up in the frenzy of the Dubai realty market where developers threw in lucrative offers ...

UK-based Indian families including millionaires and recent migrants are planning to split their time across multiple countries to avoid a n...

The Enforcement Directorate (ED) in India is investigating wealthy individuals who have been investing in offshore funds that primarily inv...

Wealthy Indians are uncertain about investments abroad after a directive from the International Financial Services Centres Authority. It re...

The Reserve Bank of India is scrutinizing large write-offs of overseas investments by several companies, suspecting these might not be genu...

Many resident Indians who bought SPAC shares haven’t disclosed such investments in ITRs. SPACs are established solely to raise capital thro...

Under the Liberalised Remittance Scheme (LRS), resident individuals are permitted to transfer up to $250,000 a year abroad to invest in pro...

Over the past one week, some companies acting as agents and marketing intermediaries of insurance companies have received notices under the...

Unlike residents, NRIs are not required under the law to pay tax on overseas earnings or declare foreign assets. However, if they overstay ...

The Income Tax (I-T) department is using a fine-tooth comb to nab discrepancies in the tax deducted at source, or TDS, by companies and the...

Taxpayers in India are receiving notices from the Income Tax department for old tax demands, some dating back more than 15 years, that have...

Many affluent individuals transferring funds abroad to run bank accounts and acquire properties or stocks abroad under the Reserve Bank of ...