DPIIT notifies decision to permit NRIs to own up to 100% stake in Air India
NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) has notified a decision of the union cabinet to allow non-resident Indians (NRIs) to control up to 100 per cent stake in disinvestment-bound Air India. The FDI policy earlier permitted NRIs to take only 49 per cent stake in the airline. In its […]
More and more NRIs buying homes for rental income
NEW DELHI: Real estate has always been a favourite investment asset class for Indians, including those residing abroad who buy landed assets for rental income, say industry experts. Also, of late, NRIs with higher purchasing power are lapping up luxury homes along with affordable homes, as they offer better rental income and capital appreciation. According […]