IFSCA likely to release guidelines for listing CPs, CDs in GIFT City in 3 weeks: Report

Sep 26, 2024, at 08:02 pm

Ahmedabad/IBNS: The International Financial Services Centres Authority (IFSCA) is expected to introduce regulations for listing commercial papers (CPs) and certificates of deposit (CDs) on the GIFT City exchange within the next three weeks, Moneycontrol reported, citing its sources.

Jolt to India's rich planning investments abroad via GIFT city as govt halts approvals over tax evasion concerns

Aug 21, 2024, at 05:29 am

Gandhinagar: Indian regulators have halted the approval of local family offices setting up investment funds in the country's new financial hub, due to concerns that these structures might be used to bypass taxes and capital controls, Bloomberg reported citing sources.

Reserve Bank of India allows resident Indians to open foreign currency accounts in GIFT City

Jul 12, 2024, at 06:16 pm

New Delhi/IBNS: The Reserve Bank of India (RBI) has allowed Indian residents to open foreign currency accounts in Gujarat International Finance Tec-City (GIFT City), widening the scope of remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS).

Govt allows direct listing of shares of Indian firms on GIFT City's exchanges

Jan 25, 2024, at 06:15 am

New Delhi: The government on Wednesday officially announced the direct listing of shares for Indian companies on the exchanges at GIFT City.

REC raises USD 1.15 Billion through syndicated term loans

Sep 07, 2023, at 07:58 am

New Delhi: Maharatna Central Public Sector Enterprise REC Limited has successfully raised USD 1.15 Billion in August 2023.

Expert committee makes recommendations to prevent externalisation of Indian starts ups

Aug 26, 2023, at 08:12 am

New Delhi: A committee of experts focusing on understanding the reasons behind the externalization of Indian start-ups recently submitted its report to IFSCA.

Legal framework for accounting and taxation professionals in GIFT City soon: Sitharaman

Aug 20, 2023, at 06:12 am

Gandhinagar: Union Finance Minister Nirmala Sitharaman on Saturday said that a comprehensive legal framework for accounting and taxation professionals will soon be in place to enable them to provide services to the world, making GIFT City the global hub for accounting and financial back-office functions.

RBI allows International Banking Units in Gujrat's GIFT City to settle NDDCs in INR

Jun 07, 2023, at 05:54 am

Mumbai: The Reserve Bank on Tuesday allowed international banking units (IBUs) located in GIFT City, Gujarat, to settle non-deliverable foreign exchange derivative contracts (NDDCs) using the Indian rupee.

Senco Gold & Diamonds becomes first Qualified Jeweller from east India to import bullion on GIFT City’s IIBX post ICEGATE integration

Jun 01, 2023, at 01:07 am

Kolkata: Senco Gold & Diamonds has announced that it became the first Qualified Jeweller from East India to import gold on India International Bullion Exchange (IIBX) post ICEGATE integration.

IndusInd Bank signs $100 million loan agreement with JBIC to boost the growth of Japanese construction equipment companies in India

Apr 20, 2023, at 03:41 am

Gandhinagar: IndusInd Bank on Wednesday said that its GIFT City IBU branch has entered into a $100 million long-term loan agreement with the Japan Bank for International Cooperation (JBIC).

NSE IFSC to start trading 8 premium US stocks from tomorrow

Mar 03, 2022, at 05:10 am

Indian investors will now be able to invest in shares of US-based companies like Amazon, Tesla, Alphabet, Meta Platforms, Microsoft, Netflix, Apple and Walmart, starting March 3.

India, UK stand united to deepen financial services ties

Jul 10, 2021, at 12:28 am

New Delhi/UNI: India and the United Kingdom will deepen their financial services relationship, focusing on banking, insurance and capital markets.