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Business
Digital US Dollar FDs for NRIs by Axis Bank
Axis Bank introduces Digital US Dollar FDs for NRIs at GIFT City, streamlining processes, offering competitive rates, and emphasizing digital convenience.
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NRI Deposits Surge in India
RBI data: NRI deposits surge by 70.35%, reaching $10.1B. FCNR accounts also rise. Overall positive trend in NRI deposits observed.
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Abu Dhabi Offers Incentives for Traders
Abu Dhabi enhances incentives to attract global financiers, aiming to rival top financial centres while offering lifestyle perks.
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India-EFTA $100B Trade Pact
India-EFTA trade pact: $100B deal promises relaxed visa rules for Indian workers in Europe, boosts access to Swiss products.
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Saudi Aramco’s 2023 Profit Decline
Saudi Aramco's 2023 profits dropped by 24.7% due to lower oil prices. Despite challenges, CEO Nasser remains optimistic, adapting strategies for profitability.
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Hong Kong’s Latest Scheme Targets Investors
Hong Kong’s revamped investment scheme attracts global interest with HK$30M minimum investment, residency options, and proactive outreach to investors.
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JSW Steel Names Robert Simon CEO of JSW USA
JSW Steel Names: JSW Steel appoints Robert Simon as CEO of JSW USA. Simon's experience and leadership aim to enhance operations and growth.
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Handful Districts in Gujarat Dominate NRI Deposits
Handful Districts: Five Gujarat districts, including Ahmedabad and Vadodara, hold 70% of NRI deposits; slight dip in December 2023 attributed to routine transactions.
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Saudi Extends Oil Cut
Saudi extends oil cuts until June 2024, continuing 1M bpd reduction. Coordinated with OPEC+, aims to stabilize prices amidst geopolitical tensions.
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Canada’s Ban on Foreign Real Estate Buyers
Canada’s Ban : Canada extends ban on foreign property buyers amid housing shortages, facing criticism and seeking multifaceted solutions.
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