The Union Budget 2026-27 has opened up new opportunities for Non-Resident Indians (NRIs) looking to invest and participate in India’s growth story. From equity ownership to real estate and tax incentives, here’s what NRIs need to know:

Higher Equity Ownership Limits

• Individual NRI investors can now hold up to 10% in listed Indian companies, double the previous limit of 5%.
• The aggregate NRI ownership limit increases from 10% to 24%, allowing greater influence in high-growth sectors like technology, healthcare, and consumer goods.
• This reform makes India’s capital markets more accessible and attractive for global Indian investors.

Simplified Real Estate Transactions

• NRIs buying property from Indian residents no longer need a Tax Deduction and Collection Account Number (TAN) to deduct tax at source, reducing compliance burdens.

Tax Incentives for NRIs

• Five-year tax exemption for overseas income earned by NRIs visiting India under government-notified schemes.
• Exclusion of certain non-resident businesses under presumptive taxation from Minimum Alternate Tax (MAT).
• Time-bound relief measures for small taxpayers with foreign assets or legacy non-disclosures, enabling voluntary compliance.

Why It Matters

• Increased ownership gives NRIs more influence and strategic control in Indian companies.
• Simplified regulations reduce compliance headaches for both investments and real estate transactions.
• Encourages deeper NRI participation in India’s fast-growing economy.

NRI Action Points:

• Review your portfolio exposure and consider increasing stakes in Indian equities.
• Work with financial advisors familiar with NRI rules to ensure compliance.
• Diversify across sectors while monitoring currency and tax implications.

India is signalling confidence in the global Indian diaspora by making it easier to invest and participate in the country’s economic growth. NRIs now have a clear pathway to take a larger stake in Indian companies, own property with ease, and enjoy tax benefits, making this a pivotal moment for global Indian investors.

Dubai-based Indian expat businessman Dr C.J. Roy, Chairman and owner of Confident Group, has died by suicide at the age of 57, according to news reports.

As per reports, Dr Roy was found dead at his office in the Anepalya area of central Bengaluru, Karnataka, on Friday. Police said the incident came to light after staff members alerted authorities, following which senior officials and forensic teams reached the scene. He was declared dead at the spot.

Investigation Underway

Initial police inquiries indicate that Dr Roy was alone at the time of the incident. Authorities have registered a case of suicide and initiated standard procedures, including forensic examination and a post-mortem. Police have not confirmed the recovery of a suicide note and said investigations are ongoing to understand the circumstances surrounding his death.

Officers are examining both personal and professional aspects of his life and are speaking with family members, colleagues and close associates. Authorities have urged the public to refrain from speculation until the investigation is complete.

About Confident Group

Founded in 2005, Confident Group is a well-known real estate and infrastructure developer with projects spanning residential apartments, villas, commercial complexes and mixed-use developments across Karnataka and other parts of India. Over two decades, the company built a strong presence in both mid-segment and premium housing markets.

Dr Roy, a native of Kochi, Kerala, was widely regarded as a hands-on entrepreneur who played a central role in the company’s growth, strategy and operations.

Movie Projects

In addition to his work in property development, he was actively involved in the film and entertainment industry, producing and co-producing several Malayalam and Kannada films, including Casanovva, Ladies and Gentleman, Mei Hoom Moosa and Identity. He also co-produced the National Award-winning epic Marakkar: Arabikadalinte Simham and served as a prize partner and sponsor for Bigg Boss Kannada Season 10, integrating Confident Group branding into the popular reality show.

His movies include Mohanlal’s big-budget release Casanova, and the yet to be released project Anomie, starring Rahman and Bhavana.

Industry Reaction and Next Steps

News of his death sent shockwaves through business and real estate circles, with employees and industry peers expressing grief and disbelief. Several associates described him as a driven entrepreneur with a strong work ethic and sharp business acumen.

Company sources said internal discussions are underway to ensure leadership continuity and operational stability. Ongoing projects are expected to continue as planned, though a formal review of the management structure may be announced in the coming days.

Broader Conversation on Mental Health

The incident has renewed conversations around mental health and the pressures faced by entrepreneurs and senior executives, particularly in sectors such as real estate that have been grappling with rising costs, regulatory demands and financing challenges.

Source: NIE

The passing of Gopichand Hinduja, Co-Chairman of the Hinduja Group, marks the loss of a remarkable visionary whose leadership transcended borders and industries.  The chairman of the Hinduja Group and one of Britain’s wealthiest businessmen died in London on Tuesday, November 4, at the age of 85, according to PTI. Fondly known as ‘GP’ in global business circles, Hinduja had been unwell for several weeks and passed away in a London hospital, said sources.

Under his stewardship, the Hinduja Group evolved into a diversified multinational conglomerate spanning automotive, energy, banking, infrastructure, and technology, with a growing footprint in the Gulf region, particularly in the UAE.

He recognised the UAE not just as a commercial hub, but as a key growth market and a platform for innovation and sustainability. His belief in the nation’s vision of economic diversification inspired strategic collaborations that strengthened local industries while deepening India’s enduring partnership with the Emirates.

Hinduja also acknowledged the region’s dynamic reforms and its emergence as the ‘Capital of Global Wealth,’ aligning perfectly with the Group’s guiding philosophy of ‘think local, act global.’ Under his direction, the UAE became an essential regional hub for the Hinduja Group’s business expansions across the Asia-Pacific and beyond.

One of the Group’s most promising ventures in the region is Switch Mobility, formed through the merger of Ashok Leyland’s electric vehicle division and the UK-based Optare. The company exemplifies Hinduja’s long-term vision for a greener, smarter future. In line with the UAE’s sustainability goals and Saudi Arabia’s Vision 2030, Switch Mobility had planned trial runs of its electric buses and light trucks in both countries this year, signalling a new era of sustainable mobility in the Middle East.

Hinduja’s influence was never confined to business. He believed deeply in “business with a purpose”, emphasising philanthropy, education, and community empowerment as integral parts of success. His humility, spirituality, and people-first leadership style earned him respect across continents.

As the UAE continues to evolve as a hub for innovation and sustainable development, Gopichand Hinduja’s legacy endures in every partnership, investment, and idea that bridges nations for a better tomorrow. 

Gopichand Hinduja leaves behind his spouse Sunita, two sons Sanjay and Dheeraj, and daughter Rita.

Sources: India Today, Gulf News, PTI