You will soon be able to: own global stocks directly. NSE International Exchange (NSE IFSC) and BSE International Exchange (INX) have announced that trading will commence soon on their IFSC platforms
ICICIdirect extends global investing services to Japan, UK, Singapore markets
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Synopsis
This facility is offered in association with Interactive Brokers, a US-based online brokerage firm. The entire customer journey, from on-boarding to buying and selling of securities, is completely digital, the brokerage firm said in a press statement.
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Earlier, ICICI Direct only offered its customers services to invest in the US equity market directly through its online and physical platforms.
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MUMBAI: Brokerage firm ICICIdirect has extended its services that allow customers to invest abroad beyond the US market. The brokerage’s customers will now be able to buy and sell investment instruments in Japan, Hong Kong, the UK, Singapore and Germany.
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Tuesday, April 13, 2021
Introduction
Over the past few months there has been a flurry of developments involving the Gujarat Internal Finance Tech-City (“GIFT City”). New guidelines are being issued and MOUs executed with financial institutions on a weekly basis, all with the aim of incentivizing overseas financial institutions and overseas branches /subsidiaries of Indian financial institutions to bring to Indian shores those financial services transactions that are currently carried on outside India. The underlying key to this incentivization is the International Finances Services Centre (“IFSC”) which is set up in the special economic zone (“SEZ”) within GIFT City. While the IFSC is technically located on Indian soil, it is considered an offshore jurisdiction for foreign exchange purposes, allowing investors to invest in businesses located within the IFSC without having to comply with India’s foreign exchange regime. Special tax incentives have also been p
Currency Exchange and the related details
Currency Exchange and the related details
From foreign trips to overseas education, it is important to compare and go for the right currency exchange platform.
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Updated: Apr 6, 2021, 01:12 PM IST
Currency exchange rates can turn out to be a real dealbreaker and can cause a dent in an individual’s pocket who is traveling overseas. Even a difference of a few paise while doing currency conversion can make a huge difference in the budget for the trip. It becomes crucial to be aware of the various options while doing currency exchange.
The currency exchange domain has made great strides in the last few years. The foreign exchange space has witnessed rapid disruption with the arrival of online foreign exchange platforms which have brought a sense of trust and transparency.