Asset management companies (AMCs) are gearing up to outsource fund administration to improve efficiencies, which will be a very lucrative business for providers of custodial services in India. more

Sources within the finance ministry are saying that individual investors are in for a bonanza with the government expected to open up more avenues to encourage forex out-flows from the country by liberalising overseas investment norms for Indians . more

Foreign companies defaulting on tax payments in India but holding assets in Pakistan and some other SAARC countries may soon be hauled up by Indian tax authorities. more

The Singapore government will now grant national status to Indian banks setting up operations in Singapore. This will enable Indian banks to access the retail market there on par with local banks.
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