Tax breaks, reforms, and returns: Why NRIs are banking big on India

Tax breaks, reforms, and returns: Why NRIs are banking big on India

Source: Live Mint The Indian market offers diverse avenues for portfolio diversification, including alternative investments such as portfolio management services (PMS) and alternate investment funds (AIFs).  Equity investments, for instance, have delivered an impressive average annual return of 15% over the past five years, outperforming most major economies. Mutual funds also remain a popular choice,…

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Stocks to buy or sell: Dharmesh Shah of ICICI Securities recommends buying Bank of Baroda, NALCO tomorrow | Stock Market News

Stocks to buy or sell: Dharmesh Shah of ICICI Securities recommends buying Bank of Baroda, NALCO tomorrow | Stock Market News

Source: Live Mint Stock Market News: On Friday, the domestic benchmark indices, Sensex and Nifty 50, closed higher, recovering from the losses incurred during the opening session. By the close of the trading day, the Nifty 50 had gained 104 points or 0.42%, ending at 24,854.05. The Sensex ended at 81,224.75, showing an increase of…

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GIFT City isn’t just for NRIs and foreigners – it has something for everyone

GIFT City isn’t just for NRIs and foreigners – it has something for everyone

Source: Live Mint Speaking at an event organised in collaboration with the Financial Planning Standards Board (FPSB) India on the World Financial Planning Day on 4 October, Dipesh Shah and Pradeep Ramakrishnan, executive directors at International Financial Services Centres Authority (IFSCA), talked about how GIFT City, primarily perceived as an investment destination, has much more…

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FIIs’ single day F&O addition at 11-year high

FIIs’ single day F&O addition at 11-year high

Source: Live Mint A dramatic surge in purchases of index futures contracts and in cash buying by foreign investors on Friday signalled a sharp improvement in their sentiment towards India. The bullishness became apparent after the US Federal Reserve cut its policy rates by an outsized 0.5 percentage points on Wednesday. Market watchers said this…

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