Category: Business
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Two Bollywood and news channels now in the US
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Indians living in the US will now have access to two of India’s leading television channels. English news channel, TIMES NOW, and Bollywood entertainment channel, Zoom, can now be viewed across the US. This should come as good news for a very large Indian diaspora that is always interested Bollywood,…
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RBI simplifies rules for investing in property in India
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The Reserve Bank of India (RBI) has relaxed norms and issued simple guidelines for the convenience of NRIs and PIOs wishing to invest in Indian real estate under the provisions of the Foreign Exchange Management Act, 1999. This is a good news for Non-Resident Indians (NRIs) and Persons of Indian…
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India needs fast-track courts for real estate disputes
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A leading organisation of Indians living abroad has urged the government to introduce fast-track courts to facilitate speedy disposal of their real estate disputes back home. Global Lawyers said NRIs have substantial properties and investments in residential and commercial real estate in India, but Indian laws do not provide enough…
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iPhone apps and Android important for digital marketing – survey
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Three in four marketers (77 percent) think iPhone apps will be an important digital technology for marketing in 2011 and 2012; 52 percent also cite Android apps. These are the findings of survey of 650 marketers conducted by AnswerLab. The survey results have provided the foundation for The Society of Digital…
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Volkswagen produces 50,000th car in India
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Volkswagen India has produced the 50,000th car from its manufacturing plant in Pune. It has been less than two years since the beginning of production at the Volkswagen plant that currently produces three models, the Volkswagen Polo, the Volkswagen Vento and the Skoda Fabia. The 50,000th car rolled out of…
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The future is urban
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By 2030,  215 million Indians and 400 million Chinese will move to urban areas, more than the population of the US and Brazil combined. With this trend in mind, businesses need to switch to providing dedicated urban goods, services, campaigns and experiences aimed directly at CITYSUMERS,  says Reinier Evers, founder of trendwatching.com, one of the…
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Synerzip among Top 10 Indian companies in US
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Leading software product development company, Synerzip, was voted as one of the top 10 Enterprise Software Companies by Silicon India’s si100 for the year 2010. The si100 awards are an annual listing of the top 100 technology companies founded and managed by Indians in the U.S. The si100 not only…
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Unsecured loans: without delay and documents
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Unsecured loans are highly sought after in this recessionary economic climate. Unsecured loans are more popular than secured loans because you don’t need any property to get an unsecured loan. You don’t need to give any documents. In many cases, you can easily obtain an unsecured loan online, from the…
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Can NRIs inherit agriculture land?
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Manoj Mohapatra* lives in the United States. He is a US citizen with OCI card (Overseas Citizen of India). His parents own an agricultural piece of land in Andhra Pradesh in India. They are keen to give this land to Manoj. However, Manoj is not sure whether he can inherit…
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What are the rules for buying property in India?
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NRIs have continued to buy and sell houses in India despite the global economic crisis in the recent years. In fact, NRIs have used the gloomy global scenario to their advantage to secure bargain properties in India. As India Inc continues its success story, and while the country maintains its…
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NRIs can buy property in India
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With India’s booming property market, and improving job prospects, many NRIs are keen to buy a house or commercial property in India, and become part of India’s success story. As per RBI rules, NRIs or persons of Indian origin (PIO) are permitted to buy and sell properties in India. However,…
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What are tax rates on bank interest for NRIs?
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Mrunal Paranjape* lives in the United States and invests her money in Mumbai in India. These are investments in bank deposits in India. However, her bank is deducting TDS (Tax Deducted at Source) which is very high. She is also keen to expand her portfolio and diversify into mutual funds…