GIFT City

Fund management at GIFT-IFSC accelerated in FY26 Q3, with higher commitments, rising investor participation and growing traction in newly launched retail schemes

With overseas MF limits nearly exhausted, funds like ICICI Prudential AMC are curbing inflows, nudging investors to seek global exposure via alternate routes

The Union Cabinet on Tuesday approved a 3.33-km extension of the existing North-South corridor of Gujarat Metro from GIFT City to Shahpur. In a statement, the government said that the project, which is scheduled to be completed in four years, includes three elevated stations. The decision was taken by the Union Cabinet, in its first meeting chaired by Prime Minister Narendra Modi at Seva Teerth, the new PMO complex. "The estimated cost of the project is Rs 1,067.35 crore. This extended corridor is expected to benefit approximately 23,702 passengers in 2029 and approximately 58,059 passengers in 2041," the statement stated. It said that this corridor will strengthen connectivity between Ahmedabad and GIFT region. Major multinational companies, educational institutions, and commercial centers located along the proposed route will directly benefit. This extension will also be beneficial to the daily commuters travelling between Ahmedabad and GIFT region for catering the travel need .

IFSCA will approach the Centre for approval to set up an SPV-based framework enabling investments in insurance-linked securities such as catastrophe bonds, aiming to broaden risk-sharing mechanisms

RBI's proposal restricting access to rupee NDDCs to banks with IFSC units could deepen lender presence in GIFT City, while offshore ETP rules signal calibrated liberalisation

Santam Re has launched its GIFT City branch as an IFSC office, focusing initially on India's reinsurance market before expanding into broader Asian and Middle Eastern regions

ASK enters mutual funds with Sebi nod as IPO momentum builds, led by GIFT City's first listing, CleanMax's ₹3,100 crore issue, and Gaudium IVF's market debut

AI fears widen beyond IT to wealth management, while APMI tightens fund-flow norms and GIFT City rolls out a single-window 'master key' registration

Kotak succeeds Hasmukh Adhia as non-executive chairman of Gujarat's IFSC hub, with appointment effective immediately

Budget 2026 extends the income tax deduction window for GIFT City IFSC units and offshore banks to 20 years, offering greater certainty to lenders and global financial firms expanding India operations

Global reinsurers including Lloyd's of London plan to enter India via GIFT City, betting on tax incentives and access to the country's fast-growing insurance market

GIFT City is scaling fast across 35+ segments, topping $100 bn in banking assets and attracting global listings, ratings, fintechs, and funds beyond tax incentives

After RBI, EU authority to ink agreements with Sebi, IFSCA

As India marks its 77th Republic Day, GIFT City reflects a long-term effort to align democratic governance with global economic ambition

Dipesh Shah, executive director at IFSCA, confirmed that the regulator had issued a license to JPMorgan Securities earlier this month

The authority also proposed establishing "dummy filters" on securities that do not have price bands but are attracting algorithmic trading interest

Financial Services Secretary M Nagaraju on Monday highlighted the role of IFSCA in advancing India's aspiration to becoming a global reinsurance hub and encouraged Indian insurers and reinsurers to tap global opportunities through GIFT City. India stands at the cusp of transformative growth in its reinsurance sector, Nagaraju said speaking at the IFSCIRDAIGIFT City Global Reinsurance Summit in Mumbai, according to a finance ministry statement. Insurance and reinsurance were emphasised as crucial in driving India towards its economic objectives, particularly as the country strengthens its role in the global economy, he said. As per a Swiss Re report, India remained the 10th largest insurance market globally by nominal premium volumes in 2024, with a market share of 1.8 per cent. Insurance penetration stood at 3.7 per cent, with life insurance at 2.7 per cent and non-life at 1 per cent, while insurance density increased marginally to USD 97, indicating significant untapped market ...

Tax experts say GIFT IFSC-based specified funds may offer a more certain and tax-efficient route amid increased scrutiny of treaty-based capital gains exemptions

Separate business units, sandbox timelines part of proposed changes

Gujarat has eased liquor rules in GIFT City by removing temporary permits for visitors and allowing licensed hotels and restaurants to serve across premises, while prohibition stays statewide