Edelweiss said the product aims to simplify cross-border investing while enhancing portfolio diversification.

Deposits worth Rs 25-30 crore have been misused to pay for Credit Suisse's Additional Tier-1 bonds by the bank's Middle East operations, according to people in the know.

NRIs living in the UAE can benefit from the countrys zero-tax regime and Indias tax treaties to minimise their overall income tax burden.

Enrique Iglesias, returning to India after 13 years, will headline two concerts in Mumbai, with event organisers EVA Live and BEW Live managing both performances atMMRDAGrounds.

NRIs are not liable to pay tax on capital gains from mutual fund investments in India under the Double Taxation Avoidance Agreement(DTAA) with select countries.

The UN atomic watchdog reports no indication of increased radiation levels at Iran's main uranium-enrichment site, Natanz, after Israel's strikes.

Earlier, Iglesias performed at his sold-out three-city tour in 2012, that was a landmark cultural event on Indias international music calendar.

To avoid this tax, IT professionals going abroad for short-term assignments may opt to receive their salaries in India, EY India's Mayur Shah said.

The 5-day IPO was fully subscribed on Monday (Day 4).

The company is planning to expand operations and strengthen its reach in the B2B jewellery sector with the funds raised through the IPO.