Foreign Companies Flock to India: 59 New Registrations in FY24

Foreign businesses, especially in aviation, engineering, and construction, are increasingly setting up operations in India. In the fiscal year 2023-24 (FY24), 59 foreign companies registered in India, up from 50 the previous year, according to the Ministry of Corporate Affairs.

Olympus to Establish R&D Hub in Hyderabad for Medical Equipment Development

Olympus, the Japanese medical equipment manufacturer, announced plans to establish a research and development facility in Hyderabad, India, to strengthen its foothold in emerging markets. This initiative aims to capitalize on India’s burgeoning engineering talent pool and meet the growing

India Launches First-Ever Olympic Hospitality House in Paris

Indian athletes often faced challenges with food and a lack of a homely atmosphere during previous multi-sport events like the Olympics, Asian Games, and Commonwealth Games. To address these concerns, the Indian Olympic Association (IOA), led by legendary athlete P

Bank of Singapore Expands Asean and NRI Coverage with New Hires

Bank of Singapore has bolstered its presence in the Asean region and NRI market by adding four new private bankers to its team. Billy Wendy Kusnadi has been appointed as the head of a team focusing on Southeast Asia, particularly

NRI Taxation Updates: What Every NRI Needs to Know

Navigating NRI taxation in India requires a clear understanding of the Income Tax Act, 1961. The definition of a Non-Resident Indian (NRI) hinges on their physical presence in India. An NRI is an individual who has stayed in India for

Indian-Origin Stars Sparkle in USA Cricket Team for T20 Clash with India

In an upcoming match between India and the USA in the T20 World Cup, the spotlight shines on the USA team, boasting eight players of Indian origin. Among them are Monank Patel, Harmeet Singh, Jaspreet Singh, Nosathush Kenjige, Nitish Kumar,

Delta Airlines Receives Proposal for Direct Atlanta to Hyderabad Flights from Telangana Government

In response to the increasing preference for direct flights between the United States and India, particularly from cities like Atlanta, the Telangana state government has reached out to Delta Airlines with a proposal for nonstop flights from Atlanta to Hyderabad.

Hansgrohe Expands in India with Ambitious Retail Strategy

Hansgrohe, renowned for its premium faucets and showers, is accelerating its presence in India by unveiling 50 new stores this year, adding to its existing 170 outlets across 78 Indian cities. This expansion follows the introduction of a locally assembled

SEBI Relaxes KYC Rules for NRIs Investing in Mutual Funds: What You Need to Know

The Securities and Exchange Board of India (Sebi) has extended the deadline for NRIs with “KYC Registered” status to invest in mutual funds without additional documentation until April 30, 2025. This relaxation, communicated through an internal memo to KYC registration

SBI Account Opening Made Simple: Online Process for NRIs Explained

State Bank of India (SBI), the largest public sector bank in India, offers convenient ways for NRIs to open a bank account both online and offline. NRIs often need an Indian bank account for sending and receiving money or for