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No risk pleaseNon-resident Indians like to play it safe. According to data obtained from the NRI Institute, they prefer investment in For...

No risk please

Non-resident Indians like to play it safe. According to data obtained from the NRI Institute, they prefer investment in Foreign Currency (Non-Resident) Accounts (Banks) Scheme (FCNRB) over portfolio investment for its various benefits.

FCNR(B) accounts are foreign currency accounts and can be opened by NRIs and overseas corporate bodies (OCBs) in notified currencies without regulatory approvals.

Under the FCNR(B) scheme, NRIs can avail of loans and overdraft facilities against security of FCNR(B) deposits without any limits, for purposes other than investment. Moreover, these deposits are income tax free in the hands of the NRI until the person’s maintains the non-resident status.

Premji said that Wipro would partner with the Government "to find a lasting solution for Bengaluru's mobility challenges".

Wipro rejects Karnataka Govt request to allow public vehicles inside Sarjapur campus

Cities4 hr ago

Wipro, a leading company in Bengaluru, has refused to allow public vehicles inside its Sarjapur campus to ease traffic congestion. However, they have agreed to finance a study to find a solution for the traffic problem. The founder, Azim Premji, believes that the issue is complex and requires expert analysis. Wipro has also committed to funding a significant portion of the study's cost.

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