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Banks raise foreign currency deposit rates in response to RBI relaxation last weekSBI has hiked the rate on one-year tenure FCNR USD deposits to 2.85 from 1.80 per cent earlier. For deposits of 3-4 years and 5 years, it h...13 Jul, 2022, 04.46 PM IST- Income tax payable by NRI for investing in Indian equities via NRE/NRO accountAn individual can invest in India through the NRE or NRO account. While the NRE account is an external account and hence repatriable, the N...09 Aug, 2021, 01.59 PM IST
- Can a US citizen invest in mutual funds in India?Yes, a US citizen can invest in mutual funds and other financial products such as NRI fixed deposits, stocks and more, subject to prescribe...10 Dec, 2018, 02.20 PM IST
- Inflow into NRE accounts swells over 50%During 2002-03, the secular gain in the rupee prompted many NRIs to invest huge amounts in the NRE deposits.31 Aug, 2018, 11.14 AM IST
- Tax queries answered by Dilip Lakhani, Senior Chartered AccountantEvery week, an expert selected by ET answers queries from our readers on income tax and other levies. This week, the queries include capita...16 Nov, 2016, 02.16 PM IST
- Stocks, bonds take sheen out of NRI scheme as deposit inflows decline 53.3%NRE deposits have dipped 46% from $9.4 billion to $ 5.1billion even as returns are on par with local deposits and tax free.17 Nov, 2014, 12.58 PM IST
- Banks offer higher rates on NRI depositsThe bank has seen a 50% growth in its NRE deposits in the first quarter of FY14 when compared to the same period last year.26 Aug, 2013, 11.01 AM IST
- Path of rupee seems to be weaker: Suyash Choudhary, IDFCThe approach that policy should take is, instead of trying to artificially engineer a stronger rupee, it should just try to stabilise it.09 Jul, 2013, 02.15 PM IST
- Gujarat NRE Coke board approves investments of Rs 2,050 croreGujarat NRE Coke Ltd, the flagship company of Gujarat NRE group, today said its board has approved investments of Rs 2,050 crore.03 May, 2013, 06.00 PM IST
- Board of Gujarat NRE Coke approves Rs 550-crore fund raisingGujarat NRE Coke today said its Board has approved raising up to $ 100 million (Rs 550 crore) by issuing convertible securities overseas.29 Apr, 2013, 08.58 PM IST
- Gujarat NRE plans to raise $100 million by issuing convertible securitiesGujarat NRE Coke said it plans to raise up to $ 100 million (Rs 550 crore) by issuing convertible securities overseas.24 Apr, 2013, 06.55 PM IST
- Budget 2013: What NRIs want from FEMAIndia's infrastructure development has slowed down partially. By issuing special bonds for NRIs, India can try to support it.27 Feb, 2013, 09.55 PM IST
- Smart things to know about income repatriation rulesThe source of funds used by a NRI should be identified at the time of investing in order to decide if the money can be taken outside.28 Jan, 2013, 08.24 AM IST
- Led by SBI, banks hike NRI rates: Aim to attract US dollars from NRIsHigher interest rates could lead to banks' profitability eroding in the near term and rates for local depositors may begin to fall.28 Dec, 2011, 05.49 AM IST
- Guj NRE gives India, Australian ops Rs 4,200-cr investment pushArun Jagatramka-led Gujarat NRE Group has decided to invest around Rs 4,200 crore in its Indian and Australian operations over the next two...29 Dec, 2009, 01.04 AM IST
- Gujarat NRE Coke allots 74.72 lakh sharesLow ash metallurgical coke manufacturer Gujarat NRE Coke has allotted 74.72 lakh equity shares on conversion of foreign currency convertibl...19 Jan, 2008, 09.36 PM IST
- ICICI Bank hikes NRE, FCNR deposit ratesICICI Bank has increased interest rates on non-resident external (NRE) and foreign currency non-resident (FCNR) fixed deposits with effect ...03 Jan, 2007, 02.17 AM IST
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