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Indian businessman, who landed in UAE in 1960, to release biography Vasudev Shamdas Shroff. - Vasudev Shamdas Shroff started off with one store and now has businesses across the Gulf. Dubai-based Indian businessman Vasudev Shamdas Shroff, chairman, Regal Group, is all set to unveil his biography on April 7. The book, authored by bestselling author Priya Kumar, highlights the journey of the octogenarian, who arrived in the UAE in 1960 on a vessel called the MV Dara from Mumbai. He started off the family business with one trading store. Now, the group has multiple businesses across the GCC. Shroff is popularly addressed as ‘Vasuji’ in the non-resident Indian (NRI) community. ....
Budget 2021: India notifies about concessions to its citizens living in Gulf, abroad Wam/New Delhi (Wam) The concession is expected to benefit a large number of Indians living in the Gulf. India has formally notified a major economic concession to its citizens living abroad, allowing them to set up one person companies (OPCs) in their home country. Until now, the facility was available only for those living in India. The concession is expected to benefit a large number of Indians living in the Gulf, which has the highest number of non-resident Indians (NRIs). These Gulf-resident Indians will now be able to better plan their future for a day when their overseas work or contracts end and they have to leave their countries of limited residence to return home. ....