GIFT City

Union Finance Minister Nirmala Sitharaman said here on Friday that India offers a unique combination of scale, technology, talent and growth opportunities through GIFT City in Gujarat. She chaired a high-level review meeting on GIFT City (Gujarat International Finance Tec-City) and its evolving international financial services ecosystem. GIFT City is India's first operational smart city and International Financial Services Centre (IFSC) located in Gujarat capital Gandhinagar. In her address after the review meeting, Sitharaman said the progress achieved here so far is encouraging, and continued coordination among stakeholders will further strengthen its role in India's growth journey towards Viksit Bharat @2047. Sitharaman highlighted GIFT City's strategic importance in deepening India's integration with global financial markets and facilitating international capital flows into the country supported by globally benchmarked institutional frameworks, regulatory agility and supportive

High-frequency trading firm to get tax sops on derivative trades

Indian investors are increasingly turning to overseas markets for diversification, stronger returns and exposure to global technology themes

Akasa Air has set up an entity at the GIFT City in Gujarat to strengthen its aircraft financing and leasing activities. The nearly four-year-old carrier has established Akasa Air Leasing IFSC Private Limited (AALI) at Gujarat International Finance Tec-City (GIFT City), Gandhinagar. In a release on Friday, the airline said AALI office would play a pivotal role in advancing its aircraft financing strategy, enabling greater flexibility, cost efficiency, and enhanced access to global capital markets. "AALI is expected to finance a majority of the airline's aircraft over time while strengthening onshore leasing capabilities," the release said. Currently, Akasa Air has a fleet of 38 Boeing 737 MAX airplanes. It has placed an order for 226 such aircraft. Air India and IndiGo also have their aircraft leasing entities in the GIFT City.

Market regulator proposes allowing online bond platforms to offer Gift City products and tax-saving bonds, while also easing compliance norms and seeking public feedback on the changes

Poornam Asset Management IFSC becomes first foreign family office to secure FIF registration under 2025 rules, marking a key step in Gift City's evolution as a global financial hub

GIFT City's insurance and reinsurance ecosystem grows over 11-fold to $1.2 billion by 2025, driven by global entrants, rising underwriting capacity and expanding IFSC market

IPO withdrawal at GIFT City highlights regulatory hurdles and limited investor access, raising concerns over IFSC's listing readiness

XED says it will tap the market at an appropriate time in the future

The university plans to expand programmes in AI, cybersecurity and digital domains at its GIFT City campus, aligning with industry demand and India's evolving education reforms

XED Institute may extend its IPO subscription window by three days amid weak demand and global uncertainty, with bids reaching only about 5 per cent so far.

The International Financial Services Centres Authority (IFSCA), which regulates the hub, has approached the government to permit the use of the euro alongside the US dollar for settlements

IFSCA steps up enforcement in GIFT City, issuing notices to fund managers and intermediaries over compliance lapses and operational deficiencies

IT major Wipro on Thursday announced the launch of a new hub at the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to deliver advanced AI-powered technology services to global Banking, Financial Services, and Insurance (BFSI) clients. The new facility will initially seat 150 employees, with the flexibility to scale up to 500 seats based on client demand, the company said in a statement on Thursday. The GIFT City hub will support the delivery of advanced solutions across digital banking, capital markets, regulatory technology, risk and compliance, and core platform modernisation. The centre, with Wipro Intelligence -- a unified suite of AI-powered platforms and solutions -- strengthens the company's ability to co-innovate with clients, embed responsible AI across critical financial workflows, and scale secure, domain-led platforms to meet the growing global demand for AI-powered BFSI transformation, Wipro said. "Wipro's presence at GIFT City is a strategic investme

The public issue is being offered at a price band of $10-$10.5 per share, in a fully dollar-denominated offering, and is accessible to eligible global investors

State-run lender raises $500 million through a five-year syndicated loan via its GIFT City IFSC unit, attracting investors across Asia and aiming to diversify funding sources

Operational hurdles and high KYC compliance costs are limiting overseas investor onboarding at GIFT City funds, with IFSCA examining measures including video KYC

Edelweiss Financial Services sold a 4.4% stake in EAAA India Alternatives for ₹375 crore to key investors as the alternatives platform prepares for a potential IPO

Nifty's 24,000 level emerges as a key support amid global fund outflows and West Asia tensions, while IT stocks turn defensive and the first IPO opens at GIFT City IFSC

International Financial Services Centres Authority cuts retail FME fees by 33% as India INX partners HSBC to widen global access