Fatca doesn’t prohibit NRIs from investing in mutual funds in India

Photo: iStock I am an NRI and have been told that I can’t invest in mutual funds in India because of Foreign Account Tax Compliance Act (Fatca). Is that true? If yes, what is the next best option for me to invest in? —Abhay Gupta Ever since Fatca has been enforced, financial institutions outside the US have become increasingly reluctant to deal with US entities. This has also led many people to think that Fatca prohibits any transaction between US entities and non-US financial institutions. But Fatca does not prohibit NRIs from…

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Oppo Find X With Stealth Camera Unveiled in India, Price in India Is Rs. 59,990: Event Highlights

Oppo Find X price in India will pit it against iPhone 8 and Samsung Galaxy S9 HIGHLIGHTS Oppo Find X price in India is Rs. 59,990 The smartphone’s USP is the narrow bezel display and pop-up camera It also has 3D facial scanning, Snapdragon 845 SoC, 8GB RAM The Oppo Find X India launch event has started, bringing the bezel-less smartphone with motorised camera a step closer to fans in the country. Rishabh Srivastava, Product Manager, Oppo has taken the stage to highlight the top features of the new Find X smartphone. Oppo…

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Vivo Nex S Price in India Spotted on Amazon, Will Be Called Vivo Nex: Report

HIGHLIGHTS A report claims to show the Vivo Nex S price and availability Only the flagship Vivo Nex S is expected to arrive in India There might be a Rs. 5,000 exchange discount Vivo Nex S is all set to launch in India at an event slated for July 19. With a pop-up selfie camera and 91.24 percent screen-to-body ratio, the Vivo Nex-Series was introduced in China in June 2018, with the Nex A and Nex S models. While the official invite did not explicitly which variant would be coming to the Indian market, a new development…

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Facelifted Honda Jazz all set to challenge Maruti Baleno & Hyundai i20 Elite in India

Honda is set to launch a facelifted version of the Jazz premium hatchback to take on hot sellers in the segment, such as the Maruti Baleno and the Hyundai Elite i20. While both the Maruti Baleno and Hyundai Elite i20 clock over 10,000 units each in sales every month, the Honda Jazz is a distant third in the premium hatchback segment, with average sales of less than 3,000 units each month. To make the car more appealing to prospective buyers and boost sales, Honda is lining up the facelifted version….

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Samsung Galaxy On6 India Launch Expected Today

HIGHLIGHTS New Flipkart-exclusive Samsung phone to be revealed at 12:30pm It will be exclusively available via Flipkart Price of the Galaxy On6 is expected to be around Rs. 15,000 Samsung Galaxy On6, the company’s rumoured next smartphone in its mid-range On series, is all expected to launch in India today, exclusively via Flipkart. The Samsung Galaxy On6 had been tipped in a couple of reports citing industry sources recently, and Flipkart began teasing the launch of a Samsung smartphone earlier this week, setting a launch date of 12:30pm IST on…

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2018 Audi Q5 petrol India review, test drive

What is it? With petrol-powered cars making a comeback in the luxury segments, Audi announced a renewed focus on petrol cars in India, some time ago. Last year, India got the Q7 with a petrol engine; and now it’s the Q5 that the brand has made available with the petrol engine on offer. The engine in question is the same 2.0-litre turbo-petrol motor that produces a strong 252hp in the Q7. Interestingly, this Q5 45 TFSI-badged petrol makes 62hp more than the only Q5 on sale up until now –…

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Why India needs a new higher education regulator

The Union ministry of human resource development (MHRD) on Wednesday released a draft Act to replace the University Grants Commission (UGC) with a new regulator for the critical higher education sector. The regulator — Higher Education Commission of India — will focus on the quality of institutions. The the job of financial grant distribution, earlier with the commission, will now come under the ministry’s purview. This decision of transferring financial powers to the MHRD has upset some. On Thursday, the Delhi University Teachers’ Association said it will result in an…

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iVOOMi V5 launched in India with Reliance Jio’s Rs 2,200 cashback offer

Chinese electronics company iVOOMi on Thursday announced its partnership with Reliance Jio to offer a cashback of Rs 2,200 on the purchase of new smartphone V5. Priced at Rs 3,499, the dual-SIM device is available on Snapdeal. “This entry-level smartphone is in line with our objective to broaden the horizon of advanced technology and features in the affordable segment of smartphones in India,” Ashwin Bhandari, CEO, iVOOMi India, said in a statement. The 5-inch device with shatterproof display sports a 5-megapixel rear camera with LED flash and a 5-megapixel front…

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Samsung Galaxy J7 Pro Price in India Reportedly Slashed

HIGHLIGHTS The Galaxy J7 Pro is now available at Rs. 16,900 The phone was launched in 2017 priced at Rs. 20,900 The new prices seem to be applicable only via offline retailers Samsung Galaxy J7 Pro price has reportedly been cut again in India. As per an established Mumbai based mobile retailer, the Galaxy J7 Pro is now available in the country at Rs. 16,900. The Galaxy J7 Pro was launched in June last year alongside the Galaxy J7 Max. Both the smartphones had already received a Rs. 2,000 price cut in March, earlier this year….

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Moto G6, Moto G6 Play Set to Launch in India Today: How to Watch Live Stream

HIGHLIGHTS The Moto G6 India launch event will be live streamed on YouTube Launch event is scheduled to start at 11:45am IST Motorola will not be launching the Moto G6 Plus in India today The Moto G6 and Moto G6 Play affordable smartphones will be launched in India today at an event Motorola is hosting in New Delhi. The Moto G6 and Moto G6 Play India launch comes roughly a month and a half after the global unveiling of the two handsets in Brazil; notably, the Moto G6 Plus model that was also unveiled in Brazil will not…

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