Kerala has reached an unprecedented economic landmark as annual remittances from Non-Resident Indians (NRIs), particularly those from Kerala, have surpassed ₹2 lakh crore for the first time. Alongside this, total deposits from NRIs in the state’s banking sector have crossed ₹3 lakh crore, signaling a robust and growing contribution of overseas Malayalis to the state’s financial ecosystem. This financial influx has significantly boosted Kerala’s domestic econo

Mumbai's financial sector has witnessed a significant recalibration as a once-popular deposit product—the Japanese yen (JPY)-linked special deposit—loses momentum following regulatory scrutiny and shifting bank strategies. These fancy financial instruments, heavily marketed to attract non-resident Indian (NRI) funds and appease analysts with attractive yield spreads, are now undergoing a correction. The Reserve Bank of India (RBI) has reportedly advised certain banks to ensure

Indian-American entrepreneur and Republican politician Vivek Ramaswamy recently took to social media to share a heartfelt message celebrating his 10th wedding anniversary with wife Apoorva. However, what should have been a touching tribute to their love story quickly turned into a target for online hate, as users posted a barrage of racist and anti-immigrant remarks, many of them telling the couple to “go back to India.” In his anniversary post on X , Ramaswamy shared tw

If you retired from Central Government service on or before March 31, 2025, or are the legally wedded spouse of such a retiree, you may be eligible for significant financial benefits under the recently launched Unified Pension Scheme (UPS). The deadline to claim these benefits is June 30, 2025, as announced by the National Pension System (NPS) Trust. Launched on April 1, 2025, the UPS is designed to supplement the pension income of retired Central Government employees and their spou

For decades, owning a house was seen as a proud achievement in Indian households symbolic of success, stability, and adulthood. Parents often pushed their children to buy homes early, even if it meant burdening themselves with heavy EMIs. But in 2025, the mindset of India’s younger generation is shifting. With rising property prices, changing work patterns, and a desire for lifestyle freedom, more and more young Indians are opting to rent rather than buy. The traditional belie

The rollback of the proposed 5% remittance tax to 3.5% by the United States government has brought major relief to Indian migrants who regularly send money home. On a $10,000 transfer, senders now save $150 (₹12,000), which is a significant benefit for families depending on overseas income for essential needs such as healthcare, education, and daily expenses. The move is especially helpful for workers in service and labor-intensive industries. India continues to be the top recipie

Federal authorities have arrested Kenneth Mattson, a 63-year-old real estate investor from Sonoma and former owner of a specialty car consignment shop in downtown Pleasanton, on charges related to a $28 million Ponzi scheme that allegedly spanned over a decade. The U.S. Department of Justice (DOJ) revealed that Mattson is facing a nine-count indictment for wire fraud, money laundering, and obstruction of justice, unsealed this Thursday. Mattson, known locally for operating the now-d

The Middle East is rapidly positioning itself as a significant force in global technology, with countries like Saudi Arabia, the United Arab Emirates, and Qatar taking bold steps to attract international tech investors and build local capacity. These nations are not only signing multibillion-dollar deals but also enacting legal reforms, fostering startup ecosystems, and constructing the infrastructure needed to support advanced artificial intelligence systems and cloud-based technologies. Thi

Six Central Texas cities have earned high praise in the latest U.S. News & World Report rankings of the Best Places to Live in the United States for 2025-2026. Based on a comprehensive evaluation of affordability, job market strength, quality of life, and population migration trends, Leander, Pflugerville, Cedar Park, Round Rock, New Braunfels, and Georgetown all secured positions in the prestigious top 150. Leander led the Central Texas representation at number 8, foll

In yet another shocking case of financial fraud in the UAE, Gulf First Commercial Brokers, a Dubai-based brokerage firm, has reportedly shut down overnight, leaving behind empty offices and millions of dirhams in vanished investor funds. Many of the victims, including Indian expats, are now demanding answers after being lured into the scheme through aggressive cold-calling and promises of secure returns on forex investments. The firm operated from two office spaces in Capital Golden

A newly proposed bill in the United States is raising concerns among immigrant communities, particularly the Indian diaspora. The bill, titled "The One Big Beautiful Bill," aims to impose a 5% excise tax on any remittance that originates in the US and is sent to another country. If passed, this provision will significantly impact non-citizens, including millions of Indian nationals living and working in the United States under various visa categories. With over 2.3 mi

In a decisive move to boost economic development and job creation, Andhra Pradesh Chief Minister N. Chandrababu Naidu has approved investment proposals worth ₹33,000 crore during the sixth meeting of the State Investment Promotion Board (SIPB). The approvals span across 19 major projects and are expected to generate 35,000 new jobs in key sectors such as energy, tourism, IT, and electronics. The meeting, held at the Secretariat, marks a strategic continuation of the government's push fo

As the Indian diaspora continues to flourish across the United States, a remarkable cultural evolution is taking shape. Leading this transformation are second-generation NRIs—children of Indian immigrants who have been born or raised abroad. Unlike their parents, who often held tightly to the traditions of their homeland, these young individuals are approaching Indian culture from a fresh perspective. Rather than simply preserving customs as they were practiced in India, they are reinte

Two young Indian students studying at Cleveland State University in the United States tragically lost their lives in a devastating car crash in Pennsylvania. The students, identified as 20-year-old Manav Patel and 23-year-old Saurav Prabhakar, died at the scene after their car veered off the road and struck a tree before crashing into a bridge. The accident occurred on May 10, 2025, in East Cocalico Township, located in Lancaster County. The Lancaster County Coroner’s Office

Choosing the right investment vehicle for long-term wealth creation is a crucial step for financial planning. Among the most common options available to Indian investors are ULIPs (Unit Linked Insurance Plans), mutual funds, and direct investment in stocks. Each of these instruments offers a different mix of risk, return, flexibility, and cost. Understanding their core differences can help individuals make better investment decisions aligned with their goals and risk appetite.

 In recent years, affluent Indian families have increasingly turned to offshore gifting as a means to support their children settled abroad, whether for education, property acquisitions, or participation in investor immigration programs like the U.S. EB-5 visa. While such familial financial support is common, the Reserve Bank of India (RBI) has intensified scrutiny over these transactions, particularly when they involve significant foreign investments and large remittances. T

President Donald Trump on Wednesday hosted top global business executives at the White House for the “Investing in America” event, where he revealed over $2 trillion in new investment commitments aimed at strengthening U.S. manufacturing, infrastructure, and artificial intelligence leadership. Speaking in front of industry leaders from companies including Nvidia, SoftBank, GE Aerospace, Oracle, and OpenAI, Trump framed the gathering as a milestone in what he described as the most

Veteran emerging markets investor Mark Mobius has shifted nearly all of his investments into cash, citing ongoing global trade tensions and market uncertainty. In an interview with Bloomberg Television, Mobius said that he currently has around 95% of his funds in cash, declaring that “cash is king” as the global economy navigates unstable trade dynamics. Mobius, who has over three decades of experience investing across developing markets and co-founded Mobius Capital P

A tragic incident involving an Indian tech entrepreneur has shocked communities both in the United States and India. Harshavardhana S Kikkeri, 57, founder and CEO of the now-defunct robotics firm HoloWorld, allegedly shot and killed his wife and teenage son before dying by suicide at their home in Newcastle, Washington, on April 24. The incident is currently under investigation by the King County Sheriff's Office, and authorities are working to determine the motive behind this heartbreaki

A trip to Chicago ended with far more than sightseeing and selfies for one lucky tourist who now returns home $3.1 million richer. The unexpected windfall came courtesy of the Illinois Lottery’s FastPlay Ultimate Diamond Jackpot game, with the winning ticket purchased at Komal Wine and Liquors near O’Hare International Airport. The winner, who has chosen to remain anonymous, snagged a $3,188,104 jackpot while enjoying a visit to one of America’s most iconic cities.