Foreign Direct Investment or FDI is any investment made by a foreign country in the domestic assets such as companies, organizations, buildings and factories. It provides foreign capital, funds, expertise and job opportunities to the host nation. FDI flows to developing countries stood at $354 billion in 2009.  UNCTAD’s FDI prediction for 2011 is between [...]

The rupee is falling. And it is good news, as usual, for the NRIs, who are in the habit of remitting money to India. This works well for the salaried class who can now send more money to their loved ones in India for the same dollar amount. With India receiving the highest remittance in [...]

Do you have a savings account in any of the following banks: Indus Bank, Yes Bank, and or Kotak Mahindra? If your answer is no, we would suggest you better open an account soon, because these banks are offering the best interest rate on savings account in the industry now. Following the recent deregulation of [...]