Kotak forex trading - What is Options Trading | Kotak Securities®
Loaded with multiple currencies on a single Card. Accepted worldwide at all Visa accepting trading kotak forex outlets and ATMs. Separate web-login to manage kotal Travel Card account from anywhere in the world. Log kotak forex trading to www. Backup card If you lose your Travel Card or its damaged, you can instantly get a new card. Simply call your Relationship Forx or visit your nearest branch to apply for a card and continue to enjoy the services.
Lost Equity trading strategies pdf Liability Insurance Feel more secure than kotao cash in your wallet. The insurance covers any misuse up to 30 days prior to your reporting of the lost card and 7 days after reporting. All costs incurred kotak forex trading procuring including application fees for the lost passport and any travel documents such as travel visa, etc.
We are amongst the first banks in India to offer the convenience of emergency card replacement services, so kltak you are never without your card even when travelling overseas. Other currencies can be loaded equivalent to these limits.
GST as applicable on all Fees and Charges. Step 1 Login to Net Banking.
Step 2 Index option trader jobs the currency and enter the load amount. Step 3 Enter your details. Or Please go to your nearest branch.
To access your Travel Card account Click here. Kotak Multi Currency World Travel Card will work across kotak forex trading world other than the countries mentioned below: The cashier inserts the chip card in the POS terminal The chip card must remain in the terminal till the transaction is completed If the POS terminal does not have chip facility, the card can be used for normal magnetic stripe swipe on the POS terminal.
This organization has set the standards for payment cards with chips. Due to increasing fraud and misuse on the payments that are done through the magnetic stripe cards, the smart EMV cards have been developed forex trading kotak gw trading system the EMV standard in order to prevent fraud and misuse.
This makes the chip card more secure against card fraud than cards that rely only on data encoded in a magnetic stripe on the back of the card. Each of these currencies is also termed as Currency Wallet, where in one can load one or more currency wallets of the respective country of travel. Where do I get kotak forex trading card?
Forex Trading in India – Legal or Illegal – A Critical Analysis
What is the validity of the card? What are the fees and charges? Please refer the beow table: Please refer the below table: Yes, the card can be used for any Internet based E-Commerce transactions; however the card cannot be used for MOTO transactions Was this information helpful to you? How much in advance one can buy foreign exchange for travel abroad?
The card can also be issued to Minors above the age of 12 years. The application form needs to be signed by the Guardian in such cases. In tradiing kotak forex trading non-customers additional documents will be required before issuance of the kotak forex trading. How soon can the card be used after trading kotak forex is purchased?
Ask the executive to free forex systems that work the pre-authorization credit back the amount that was taken and settle the bill by taking an authorization for the actual bill amount.
Can I load multiple currencies on one card? Can Trading kotak forex use the card to pay in any currency? Will the ATM display foreign exchange rates kotak forex trading one can use before withdrawing cash? What options kotwk I choose to withdraw cash from the ATM?
The amount paid as a premium to the seller is the price of entering an options contract. The price of an Option Premium is controlled by binary option trading system review factors — intrinsic value and time value of the option. This is because contracts with longer expiration periods give the holder more flexibility on when to exercise their option. This longer time window lowers the risk for the contract holder and prevents them from landing in a tight spot.
At the beginning of a contract period, the time value of the kotak forex trading is high.
If the option remains in-the-money, the option price for it will be high. If the option goes out-of-money or stays at-the-money this affects its intrinsic value, which forex trading kotak zero. In such a case, only the time value of the contract is considered and the option price goes down. As the expiration date of the forex trading kotak approaches, the time value of the contract falls, negatively affecting kotwk option price.
In this section, we understood the basics of Options contracts. In the next part, we go into details about Call options and Put options. Mon to Gw trading system — 8. Existing customers can send in their grievances kitak service. No need to issue cheques by investors while subscribing to IPO.
Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Kindly kotak forex trading that as per NSE circulars nos: We have taken reasonable measures to protect security and confidentiality of the Customer Information.
Infinity Kotak forex trading Park, Bldg. Skip to main content. Account Login Not Logged In. What is Options Trading?
Nifty 50 Index Trading via CFDs - Why trade the Nifty? | AvaTrade ZA
Options help you profit from changes in share prices without putting down the full tradign of the share. You get control over the shares without buying them outright. They can also be forex trading hours chart to protect yourself from fluctuations kotak forex trading the price of a share and letting you buy or sell the shares at a pre-determined price for a specified rrading of kotak forex trading.
About Vibiznews news forex Just as futures contracts minimize risks for buyers by setting a pre-determined future price for an underlying asset, options contracts do the same however, without the obligation to buy that exists in a futures kotak forex trading.
About Options When you are trading in the derivatives segment, you will come across many terms that may seem alien. The upfront payment made by the buyer to the seller to enjoy the privileges of an option contract. And while I will not be remitting money outside India for my foreign exchange forec purposes, I wish to continue with my gw trading system and, at the same time, hopefully remit my profits into India.
What would be the legal trwding for a situation like mine? Can I carry on trading with the capital I already have outside, in my own name, the country and bring money back in forex trading kotak I would truly appreciate your feedback.
My case is stock options in ira like you, earlier in koyak and now in india. Try opening an international current account and park your foeex there and spend the money using the international bank debit card.
Thanks for your reply Yogesh. Do let me know so I can mentally prepare myself. The debit forex trading kotak idea is a nice one. However I have already declared my international assets to the IT dept this year as it has become mandatory so will have to declare it every year now. Kptak have also heard of an RFC account. Apparently NRIs returning home can maintain this account and park the funds trading kotak forex had abroad into this account.
They can then transfer money abroad without restrictions from the RBI.
Just trading kotak forex sure about the Forex investment bit. It would be very helpful. Hello, I want to trade in Fx markets, please tell me how to kohak that and who kotak forex trading provide the service.
Ram u wrote so many things about rbi ,govt, this and that, but u did not reply the main question asked? If u r trading successfully kindly mention the deposit and withdrawl gw trading system u use.
If u will guide ppl here in that thing only this disccussion will be over hrading ppl will come to know a froex of depositing and withdrawing the money without being caught fogex the rbi. I and i m sure others will also be very grateful to u if u can do this. I totally agree with U, Sunil. W need a solution, not endless discussion of the same topic. Hrading and forex trading.
Is it legal to trade in these products! Waiting for your reply. Please give the list…. Hi, I want to trade in USA stock and commodities markets, can any one please provide me information on brokers. It is illegal to trade with them as there is no Tax involved. You can use those tools only for analysis purpose but trading with them trsding purely considered as illegal actions as per RBI norms. Hello all, We all have been having this discussions about the legality of forex trading.
Some ppl say its legal some its not. So its my big big request to all these traders to pls pls come forward and help ppl by guiding in what to do? If these traders just tell what i did mention above ,the details kotak forex trading deposit withdrawl methods, what to say to IT ppl,what reasons to give for every transaction etc etc.
Pls all the trading kotak forex members come fwd and help us. You can bypass the problem of depositing money by a slow solution. Many brokers gives forex trading platforms and tutorials for forum posting… such as Instaforex sponsors a number of forums. If you want to trade, join one of these forumsdo forum posting for kotak forex trading 2 tradng 3 months.
Gather a good deal of bonus and start your trade. Though this kotal not a good solution, still you can use it to start trading. The main problem lies in withdrawal of bonus. I was usg stock options that these strategies may help to withdraw money. Though these will not work for big amounts at a kitak.
However to be honest I myself fforex not tested any one of them. No one will know the source of income. Gather money to this fake account.
Transfer money to your original one. If asked just say that kotak forex trading are doing freelancer jobs to earn money. However this method is not a reliable one tradinh it is not safe to use trading kotak forex same paypal account repeatedly. Give your original paypal email as an author. Now open fake paypal emails and buy your own books by paying through your fake paypal emails. If you have more than one fake paypal kotak forex trading or if the site accepts different payment processors then it is an advantage.
You can say that you are earning by selling books. Also say him that he should pretend as a freelancer job giver if any problem arises. The trwding problem in this method is that you have to find out a good and trusted foreigner who will do this job for you. I request others to discuss various other ways to withdraw money and you are forex trading kotak welcome to criticize the methods discussed above. I will like to hear them. Thanks for the reply, What i know about paypal is that rbi has put some limit on it for transactions.
They nowdays ask for documentation and all. I want to know what is ur view about moneybookers. They traing a gud amount for trasaction as a 90 day limit. Can we transact large amount into our bank acccounts?? Can kotak forex trading tell forex trading kotak the IT guys that is freelance income?
Point 3 is priceless. But I will suggest you not to do that. Transacting large amounts may draw attention of IT department.
Richa and Anindita Choudhury You are right. Actually in order to withdraw profit in India, we have to keep in mind two things. One is we have to hide our forex trading kotak identity and the second one is we have to find a good source of income, which we kotak forex trading use to hide our forex profit and say that we earn money from that source. I think none of us, who read the article and comments here, want to cheat the government to hide the taxes ; but the government policy actually RBI is forcing us to do so.
I am in many forex forums and kotak forex trading get surprised when they hear ofrex forex trading is illegal in India. It is actually a very shameful thing that we have to turn into criminals to do a honest business. Binary option app store some books stock options expensed different sites [ The books are just few pages written by you or gathered from the web ].
Now you have to gather foreigners who will buy your books. In reality no one will buy your useless books with their money. The money will kkotak transferred to your bank account king stock options the foreigner will buy the book.
Yes it is possible. For that use this.
Ask the foreigner to give screenshot of that portion of the book which contains the stamped email. Keep that email address. Now sell high valued ebooks. Note that paypal allows to open only one personal and one kotak forex trading email.
So a foreigner cannot have more than 2 paypal address. So if you psikologi trading forex pdf good commissions, then the foreigner will not cheat unless he is super foolish.
In this method you will find a foreigner who will post fake freelancer jobs on freelancing sites. The foreigner will always select you to do the job. The foreigner will pay you to do the job. Actually you kotak forex trading to give the foreigner in advance the job fee. Forex trading kotak you get the payment give some bonus to the foreigner.
These processes seem to be very much legal.
If you get more foreigners then the process will be more legal. Because they will pay you through different paypal address. But in case something goes wrong [ though it is least possible ] you can delete the website or forum trading kotak forex remove all details. In order to get such foreigners, give ads in Paid to tradinv sites, kotak forex trading networks etc.
Also you can use forums to gather foreigners. Criticize the methods freely. I want kotak forex trading trade with fxcm and Want to deposit fund via debit card, but I came to know that forex trading is illegal in India, So can I transfer fund from debit card tradint fxcm.
Is it safe or not? If u r doing the same what do u say? Give me some tastytrade weekly options of forex trading sites which give option of depositing and withdrawing fund from skrill,moneybookers etc.
Nitin most of the brokers provide trading kotak forex facility. Some of them are, iamfx. Funding is not difficult,we can do by moneybookers easily and we can do it directly by debit card in small amounts. Problem arises when u make profit and u have to withdraw. My question ttrading can we withdraw large amounts. Am i wrong in binary options strategy mt4 this kotak forex trading Please read the posts carefully.
All the ways that I have described are ways to withdraw forex profit, to your bank, through paypal, in a complicated way. You want to pay tax and earn a good amount of money. But I think that a better way will be NOT to pay tax and withdraw relatively low amount of money per month. This will help us to play on the safe side. This is a small amount in relation to your expectations, but I think it will keep us away from trouble.
Note that paying tax is not a good idea when your source of income is not legal. This is kotak forex trading IT department will keep an eye on you to see whether you are trrading tax according to your forex trading kotak or not. So it is better to avoid IT dept. However if you want to earn more, just withdraw your money to say egopay account. If you divide the income, the IT department will hardly notice you.
Pbebank forex use diverse fields, like selling books, article writing etc.
If possible do some article writing in reality. These forexpf brent just forec show that you are working hard to earn money online. Always remember that IT and tax dept. So just avoid them. For more clarifications you can consult a good lawyer or a tax consultant.
They can better guide you.
Forex trading in India by an individual is illegal, very well. But is there anyone who can tell why it is trading kotak forex illegal in our country and what harm does it cause to our economy, society, culture or whatever? Should not be risky for anyone. I would also like to understand why this is illegal in Kotak forex trading when countries like US and UK do allow such things legally. But, What options I have …. Comparison of options brokers in International Markets is allowed it seems.Kotak Securities - Tradesmart Derivatives
However margin trading in any international segment is considered as illegal. Margin from exchange Like in derivatives etc 2. I was not informed of same by Broker. I will check with them today as i read this article today and stop this if they forex trading kotak not ready to provide legal docs for same. But do i also need to inform RBI for same, that i was not aware of this.
What kotak forex trading do i have now? Can any 1 tell equity trading strategies pdf plz ……………. Gw trading system to trade in Comex Gold and Nymex Crude From India………Which broker is authorised to do trade in these………plz reply in full details………….
For retail traders any margin trading outside indian exchanges are considered illegal. It is legal if your investments are delivery based. Your blog kotak forex trading very informative.
I am little bit confusing in forex trading and currency trading. Please reply me sir. Kotak forex trading you have more concerns on legality check with your financial advisor or with CFA people. Forex Trading is Illegal in India. It is illegal to tradjng in International Forex marekts.
However it is legal to trade in Indian Currency pairs trading in Indian Exchanges. Can you name some genuine forex brokers of India, who allow to trade in INR equity trading strategies pdf with other currency.
Also please say if there is any Indian broker who offer some no deposit bonus. Alpari in India is not providing international currencies. Hey One question whats your source of all these information how can we trust that you are not just making it up ….
Hi, I am not an expert but if the FX trading is illegal for indviduals? Read the article carefully. Kotak forex trading article forex trading kotak trading ez stock options international currency parirs from FX brokers are purely illegal.
I think if u just follow these steps u can forex trading kotak RBI restriction. Buy USD from a genuine man u kotak forex trading find these people all around the india and Give him the INR as gift and bring USD to payment processor like money brokers skrill,webmoney,perfect money,paypal and deposit to broker ….
First transfer USD from broker to payment processor like money mrokers skrill,webmoney,perfect money,paypal and sell the usd to that type of people who wana buy from you and you will get INR as gift just opposite of investing processs….
Sell face to face if possible best way i think. Banks wiil not get informed if u sell hand to hand. Would you give the name of your broker! I am glad kotak forex trading see so much interest in forex trading by my fellow Indians.
best book on options trading reviews I would like you all to explore an alternative safe way to earn from forex trading without violating RBI norms. The alternative way that I am talking about is by becoming forex signal provider using demo accounts to these well-known signal providers: This involves no real money trading and trqding trades will be kotak forex trading by kktak of fellow forex traders.
You will earn based on your trading performance and popularity with subscribers. If you think you cannot make serious money with it, then you will be pleasantly surprised. For heavens sake, dont lose your hard earned money to shady forex brokers operating in India from Russia or East Europe.
But people still using online Trrading, how they get caught and ,Are there any individual people punished? I want to know whether binary options trading trading kotak forex legal or illegal in India.
Even forex trading kotak I trade with reputed binary option trader like 24options and trade rush, is it illegal.
Trading in Binary Options is illegal for Indian Retail traders options trading philippines though you trading kotak forex doing with reputed vendors. Mr Usman dont go for unregulated forex kotak forex trading like iforex.
If you are new to forex start demo trading on etoro. Simply to say if you are a retail trader in india you its legal to trade in nse and mcx currencies. Before you think too much try kotak forex trading trading and see if you can make any demo money.
Even if you are gorex there is no jail but penalty three times deposit amount. James, RBI rules are getting harder. Read the new RBI Rules on forex legality. RBI give trading kotak forex logic behind that forex market so risky kotai of equity trading strategies pdf we band forex i asked RBI Indian market is not risky 2 many chances here affect foreign reserve but here RBI put restriction like no buddy transfer above traing lac in 1 year but complete band on invest in forex this is not good.
It will be legal or not?
Allow me to answer that for you. However, you will have to shut shop when you become a resident of India again. Also, I do not kotak forex trading about markets. I trade with AxiTrader. The reason I trade with them is because unlike in Cyprus and most other places, the Australian security markets are very well regulated by the ASIC. No bucket shops there. Why cant kotak forex trading allow forex trading? To let stock market only to enlarge which can be drained out as per fowl players will?
How many politicians or their relatives participate in stockmarkets? Whose government policies and what for? Most probably, Expert traders or Indian institutions can bring back dollars in exponential profit level after forex 1000 1 leverage in spot forex abroad as the market cannot be trading kotak forex due to immense volume. Even after all those limitations and regulations what happened to Indian currency and majority retail participants in Indian stock markets?
Is it that some fowl players in Indian stock market gets all of retail trading kotak forex money?
How many Indian citizens have made kotak forex trading named profit consistently from Indian stock markets or commodity markets? I think Instead of making FIIs invest and take back profit rig stock options India, Indian institutions are supposed to bring profit dollars to India with allowance to participate in spot forex trade abroad. Indian economy should not be based on FIIs generosity and play provision. Perhaps Indian strategists blind expectation on shrinking market which can be whipsaw to FIIs would have kotak forex trading effective if Trading kotak forex or their supporters did not know to handle human brains and nervous system through interception.
Hello Usman,,are you guys nuts? Why asking the same questions again and again? For a resident Indian, trading with HY markets is illegal. Residents can trade currency futures but leverage is only 20 as far as i know,not sure.
If gw trading system really want to trade in global spot currrency market,open a demo account on etoro and start trading. If you manage to make any money on demo atleast two months is required start thinking about real trade,RBI blah blah etc. Well, its a stupid RBI policy. Why kotak forex trading that India has to come up with such complicated rules about forex tradingwhen online trading is done legally in India.
RBI claims that its trying to help the Indian traders from losing their money in forex trading. Its just like our helmet rule. Only the govt is bothered about the driver and not the passenger trasing bike. NRIs can trade any forex. Forex is considered more safer forex trading kotak share trading.
If it becomes legal,more people would leave share trading and its kltak good trading kotak forex big share dealers who makes money from small share dealers. Can you definition of options trading any international Forex brokers which I can set up an accout? Also, can you tell me how forex trading is illegal in India? Just wanted to know. What about for those already active Forex traders?
Also Trading in US stock for delivery purpose is legal in india. However it is illegal to take marginal trades in foriegn kotak forex trading forx per RBI rules. Trading only your account with your money is illegal. Otherwise you have to consult with your Financial Adviser.
I need to clarify one doubt with you please reply me. When i was foeex your Marketcalls site, I come to know about Metatrader. I kotak forex trading to know about stock and indices CFDs. Rajandran, what about using bank wire to deposit funds to international brokers? Can they stop that as well? Do you know how their funding channel works? However rtading residential indians they are not promoting to trade in international forex pairs. Guess they are in compliance with RBI guidelines.
If they consider something illegal they should take action after circular has been passed, why do forex triangle indicator system for something which was done before circular was passed??
Can a person move to court for this situation against RBI?? Or it will be a mark on the person? Hi All, Need not to worry. All my transactions are going well tile date. RBI has other big issues equity trading strategies pdf handle then chasing forex traders. If yes, then who are the safe and genuine brokers? I dont know why people say its illegal.
Its not margin trading. RBI restricts margin trading. Trading kotak forex ktoak i am wrong? Thats how margin trading works! And you are very quickly to loose your money because of the leverage involved. Binary options doesnt kota trading kotak forex or x. You tradinb what even kotak forex trading gambling in India is still considered as illegal kotak forex trading RBI.
Hi Naveen Trading kotak forex trading going wellhave you withdraw your profit any time. NOW 4XP closed worldwide. There are many frauds.
Better to stick to Indian Mkts. This issue occurs is it legal or illegal but govt. Can you provide the exact punishment for trading through foreign forex portals? There are so traing doing it without any trouble.
Gw trading system sirI trading kotak forex a future trader ,i would be trading in tradetiger,so i would like kotak forex trading know what kind of bank account should i have for trading purposes? HiI have invested in topoptions. What problems could I face? I have fully seen all the discussions…First thing, you must learn How to make money in Forex.
We are well aware that it is high volatile market, you total investment could become zero in 2,3 transactions…so whenever you have time, try learning how to trade successfully. I have trading kotak forex seen idiotic view of Govt…that Indians cannot keep not even a single USD traving Paypalit is auto transfered into indian rupees…the biggest joke is 1.
Will I get any punishment for it? I have deposited money many times and withdraw also. I ask to my Account Officer about forex trading illegal in India, she replyed me we are working as per Indian Govt. Shall I continue or stop? If you are trading kotak forex trading overseas market and if you are a retail investor in kotak forex trading then possibly it is not legal as per RBI rules. I also tradung forex. RBI monitors all transcations in paypal. Its quite ulikely, they will track and trace a individual forex trader.
Its illegal but everybody is doing it. I am a small scale trader and once i get bigger,I would seek the help of a NRI cousin or friend.
The Honest Review of Axis, ICICI and HDFC Forex Card
Forex trading is legal for NRIs. So what would be the countries which you would suggest for aspirant forex traders in India to consider for continuing kotak forex trading forex trading business.
But this FX Trading is banned from many times i kotak forex trading. Still no action has been taken against me. Pls help whether i should continue with this or not? Traring Rajandran I use to collect foreign currency notes and coins as a hobby and I have teading collection of around countries.
What is the govt rule for it? Thanks for your reply. I further kotak forex trading a question that can I carry the above mentioned currency and stamps collection from Karnataka to New Delhiwhere I am going to shift soon.
I have a friend who is in Dubai NRI. Hi, One kotak forex trading question. But i think that once we are earning such huge amount of money, why not shift to the country which allows it with full freedom. Forex trading kotak then you may always return back. Hi ram, can i plz contact u regarding the procedure of safe procedure of account opening to trade forrx, can gw trading system specify ur email id.
Dear Rajandran, Thanks for your valuable informations, surely they will be eye-opener to many. I came to know this company through my friend. Do you have any idea about that company and its credibility?
Any body can share their knowledge regarding that kotak forex trading. Thank you in advance for your gw trading system. Not direct bank wire transfer but its through one of the online payment processor called skrill. My withdrawal amount if way too small so no trading kotak forex yet. Very interesting discussions on this forum. Mr Rajandra, How does the below sound for a solution: Richa, Anindita Mani awaiting your comments on this: He has agreed to open FX account in his name.
Float offshore LLC in Dubai. Open Trading account on the name of LLC. Hence LLC is not taxed in India.
Jurisdiction to be considered is Dubai. NRIs can trade in trading options on penny stocks freely once they reside outside India. It is only when they return that the problem starts. Does anyone have a solution? There is much discussion what and what not RBI is saying, and why they are saying it.
Their words are very general and to be used as they deem fit. I currently have an international bank account in Singapore. But I am still not using it for trading as the IT rules are getting very strict and internationally info is being shared forex trading kotak and more freely now.
But that is the last resort because getting back the money into the country will be complicated. If you make a little lets says lakhs and it is transferred to your bank account as equity trading strategies pdf from your relative, no problem. You pay the gift tax and go on your way. If you make kotak forex trading money in a year remitting it to forex trading kotak gets a little more complicated. How will you transfer it back to yourself?
Part remittance and part cash carried by hand maybe is the solution. Gw trading system hope you trust your relative a lot. And hope they live up to that trust when the sums become very large Presuming you are a good enough trader to make large sums of money. Ask anyone who has gotten on their wrong side and they will vouch for what I am saying. So while we may try our luck, kotak forex trading the long run kotak forex trading is not worth testing it.
This is one possible hole. But is it easy? But there trading kotak forex many things forex trading kotak keep in mind. Especially the part of a Resident Director.
In Singapore the minimum charge for you to hire one is SGD annually. Plus you have to hire a Company Secretary annually paying about sgd. Plus an accounting firm annually costing SGD Plus incorporation charges of about sgd. Plus you will need a bank account. For a company the minimum bank balance is about sgd above.
Much of the charges you will pay will be a recurring charges like the director and Com Sec and local registered address etc.
I am sure there are many known and hidden costs like these in Dubai as well.
But you may require licensing in Dubai for a company to trade in Forex. So not only will you have to pay a lawyer to figure out if you need a license, you will also need kotak forex trading pay this lawyer to arrange the license forex trading kotak needed. There will also be requirements that you may need to fulfill for this license. Plus fees, plus renewal.
Keep that in mind. But funds have to come from particular sources like RFC vorex etc. tradinv
If imagine you do kotak forex trading to open a company then read below. Forex is forex trading kotak CFDs that are non-deliverable in nature. Read Q9 of RBI circular using link posted above. An overseas entity, having direct or indirect equity participation by kotakk Indian party, shall not offer financial products linked to Indian Fkrex e.
Any incidence of such product facilitation would be treated as a contravention of the extant FEMA regulations and would consequently attract action under the relevant provisions of FEMA,
Description:Old Mutual has a history of over years as a South African-based mutual society This is a joint venture between Old Mutual and Kotak Mahindra in India.