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Grihum Housing Finance, formerly known as Poonawalla Housing Finance, has applied to the Insurance Regulatory and Development Authority of India for a corporate agency licence, which will help diversify product offerings and earn fee income. The company expects to receive the licence by March.

Question: What are the disclosure requirements for Indian residents who hold foreign assets? Answer by Dr Suresh Surana, Founder, RSM India: 1.0 Applicable Schedule in the ITR: Schedule FA (i.e. Schedule on Foreign Assets held outside India) must be filled by every individual taxpayer who is a resident and ordinarily resident in India and owns or has a beneficial interest in assets abroad or derives income from foreign sources during the relevant calendar year or has signing authority in any account outside India. As such, Schedule FA need not be filled by those having status of either non-residents (NR) or Resident but Not Ordinarily Resident (RNOR). For instance, an Indian investor buying US stocks from international brokerage platforms cannot opt for Form ITR-1 (SAHAJ) or ITR-4 (SUGAM) for filing their ITRs and would be required to file their income tax return in Form ITR-2 or ITR-3, as applicable.

The Indian wealth management business is expanding and offers both domestic and international players a sizable opportunity. Fintech players, however, are posing greater threats to established businesses with their product, pricing, and digital differentiation, intensifying the competitive environment. Players in the wealth management industry in India would need to react both strategically and creatively to be able to compete in a market that is rife with rising client expectations for individualized goal-oriented services and digital experiences.

Princess and the Frog, have taken the spotlight. Fueling this buzz is a fan-made poster circulating on the internet, boldly proclaiming a 2025 release for the speculated revival of the studio's 49th animated classic.

Elon Musk reportedly told bankers that they will not lose any money after taking $13 billion in loan to fund his Twitter acquisition last year, reported the Financial Times. According to the report, despite his assurances, seven banks that lent money to Musk — Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho and Societe Generale — «are facing serious losses on the debt if and when they eventually sell it».

Tether, the company responsible for the USDT stablecoin, has made public letters it sent to the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee, underscoring its dedication to security and close cooperation with law enforcement agencies. 

Delhi Metro train, has sadly passed away while receiving treatment at Safdarjung hospital. The incident had occurred at Inderlok Metro station on December 14th afternoon, according to a statement by the Delhi Metro Rail Corporation (DMRC). The DMRC has announced that the Commissioner of Metro Railway Safety will conduct an inquiry into the incident.

automobile sector took off in 2009 when Tata Motors set up its Nano manufacturing plant in Sanand, about 50 km from Ahmedabad, and the state has been attracting some big ticket investments from both domestic and international players since then. Now, with the global shift tending towards electric mobility, the Gujarat government seeks to position itself as a leading electric vehicles (EV) manufacturing hub. To this effect, it signed an MoU with the Tata Group worth Rs 13,000 crore in June this year.

Libya and Tunisia are principal departure points for migrants risking dangerous sea voyages in hopes of reaching Europe, via Italy. More than 153,000 migrants arrived in Italy this year from Tunisia and Libya, according to the United Nations refugee agency. Italy's far-right Prime Minister Giorgia Meloni won elections last year after vowing to stop illegal migration.

HONG KONG—The retail world used to cater to Chinese tourists. Luxury shops opened wherever they went, and Parisian department stores hired Mandarin speakers. Mom-and-pop stores in Hong Kong were replaced by vendors offering products Chinese tourists demanded, such as milk powder and medicines.

PTI. The incident took place on 14 December when the woman, identified as Reena, came under the train after her saree got stuck in the door. As per the report, it could not be known whether the woman was getting off of the train or boarding it.

Adani Enterprises, Indian billionaire Gautam Adani's flagship firm, said on Saturday it had acquired a majority stake in news agency Indo-Asian News Service or IANS as the conglomerate tries to consolidate its media presence. The Adani group said in a statement that upon acquiring a 50.5% stake for 510,000 rupees ($6,140), it would assume full operational and management control of IANS. The news agency reported a revenue of over 118.6 million rupees in the 2022/23 financial year. Adani entered the media industry in March last year by acquiring Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. Later in December 2022, it acquired almost a 65% stake in the broadcaster NDTV.

By Francesca Landini

Indian student named GS Bhatia, who studies at Loughborough University in the United Kingdom, has been missing from East London since December 15. Bharatiya Janata Party (BJP) leader Manjinder Singh Sirsa informed about the incident on social media platform X (formerly Twitter) and brought this to the attention of External Affairs Minister S Jaishankar. According to Sirsa, Bhatia was last seen in Canary Wharf, East London, on December 15. He also urged Loughborough University and the Indian High Commission to join the effort to find him. «GS Bhatia, a student of Loughborough University, has been missing since Dec 15. Last seen in Canary Wharf, East London.

Tesla has stated that oil and petrol should not be demonised in the medium term, but stressed about the need to cut carbon emissions in order to protect the environment. Musk was speaking at a right-wing political gathering organised by Italian Prime Minister Giorgia Meloni's Brothers of Italy party. During the gathering, he said, "Climate change alarm is exaggerated in the short term," adding that the environmental movement may have gone too far, causing people to lose faith in the future.

Netflix removals is crucial, as licensing agreements dictate that content has a fixed period on the platform.

The Finals Season 1, version 1.3.0, prioritizes bug fixes and introduces new servers, addressing some persistent issues in the popular competitive shooter. The Finals Season 1 Update 1.3.0: Bug Fixes and Improvements

U.S. stocks are poised to end 2023 on a high note amid investor optimism that the historic tightening of monetary policy is likely over, and interest rates will fall next year following a dovish pivot by the Federal Reserve.

The recent choice to raise the transaction limit on the Unified Payments Interface (UPI) to ₹5 lakh specifically for hospitals and educational institutions marks a substantial move in enhancing UPI’s versatility and convenience for handling larger transactions. This adjustment is poised to bring advantages to both institutions and individuals.

No Good Deed," created by Liz Feldman of «Dead to Me» fame. The eight-episode series delves into the consequences of a shared desire for the same house, exposing hidden truths among the characters.

Despite facing criticism regarding his selection of opponents, Paul took the opportunity in the post-fight press conference to address the media. He highlighted the significance of taking risks for the sake of his brand, showcasing a willingness to confront challenges and further establish himself in the competitive world of professional boxing.