Tag: overseas assets
RETAIL/FMCG Veritas India Gets Nod To Sell UAE Assets Amid Strait Of Hormuz Shifts

Veritas (India) Ltd has obtained shareholder approval for the proposed sale and transfer of certain assets and liabilities of its UAE-based subsidiary Verasco FZE, as the changing commercial outlook around the Strait of Hormuz prompts a review of its overseas asset portfolio. The approval was obtained in January 2026 following a comprehensive assessment of the […]

CW Bureau · Aug 13, 2026
BANKING & FINANCE India’s Net External Liabilities Narrow On Strong Overseas Asset Build-Up

India’s external balance sheet strengthened in the third quarter of FY26, with net claims of non-residents declining sharply, reflecting a faster expansion in overseas assets held by residents compared to foreign investments into the country. Net IIP improves on faster asset accumulation According to the Reserve Bank of India’s data on India’s International Investment Position […]

CW Bureau · Mar 31, 2026