Dubai and Abu Dhabi are emerging as prime global wealth hubs for Indians, attracting high-net-worth individuals with their favourable tax regimes, robust business environments, and high-quality lifestyle. Seamless connectivity, a strong Indian diaspora, and attractive residency pathways like the Golden Visa are key drivers for this migration and investment trend.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.