Wed, Nov 11, 2020 12:26 AM
Inox Wind board approves allotment of NCDs worth Rs 199 cr to investors
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It's been a disappointing journey for shareholders of plant-based meat company Beyond Meat (NASDAQ: BYND). Shares are down 96% from their all-time highs in 2019. It was a disappointing journey that is, until things started getting interesting over the last month.In just one month, Beyond Meat stock is up 34%, outpacing the 2% return for the S&P 500.
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I have been investing in mutual funds for the past four years. Last year, I moved to Dubai and am currently a non-resident Indian (NRI). Say, if I exit all my mutual fund investments now, would I have zero tax liability?—Name withheld on request.I am assuming that you qualify as a non-resident (‘NR’) in India, as per the relevant income tax provisions, and also that you do not qualify.
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Foreign investors have withdrawn a massive Rs 28,200 crore from Indian equities so far this month, citing uncertainties about the outcome of the general elections and attractive valuations of Chinese markets. This withdrawal surpasses the net pullout of over Rs 8,700 crore in April, attributed to concerns over a tweak in India’s tax treaty with Mauritius and a sustained rise in US bond yields.
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