GIFT City IFSC

Gross premiums underwritten by IFSC Insurance Offices in GIFT City rose fourfold in FY26, driven by rapid expansion in reinsurance business and a doubling of insurance entities

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

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

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

XED Executive Development decided to defer the IPO from the earlier planned date of March 6 due to the ongoing conflict in the Middle East

Experts say simpler rules, tax benefits aid GIFT City's emergence as preferred jurisdiction

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

Taxes on capital gains and dividends are paid at the fund level; investors do not pay

At Business Standard's BFSI Summit, experts discussed the progress of GIFT City IFSC and the upcoming prospects

The approval enables IA Fintech, a subsidiary of IAL, to provide a wide range of digital payment and cross-border financial services for enterprises within GIFT-IFSC and international markets

The International Financial Services Centres Authority (IFSCA) has issued a consultation paper on regulatory framework for dematerialization of securities by entities in the IFSC jurisdiction. India International Depository IFSC Ltd is designated as the issuing agency for International Securities Identification Numbers (ISIN) within GIFT City, IFSC. However, it has been observed that certain entities continue to obtain ISINs and hold securities through depositories located in the domestic jurisdiction, even when such securities are issued by entities established in IFSC jurisdiction, IFSCA said in a statement. In order to provide sufficient time for transition, it has been decided that the entities in the IFSC that have already dematerialised their securities with the domestic depositories in India shall migrate such securities to a depository in the IFSC by March 31, 2026, it said. To ensure a smooth transition, a depository in IFSC should ensure a seamless migration from domestic

The new real-time foreign currency settlement system situates GIFT City among global financial centres like Hong Kong and Tokyo, with a promise of faster transactions and better liquidity

Indian exchanges turn to IFSCA's GAP framework at Gift City to offer global products including ETFs, mutual funds and select derivatives, tapping investor appetite for diversification

This will be the first IPO at the IFSC and could serve as a template for other companies considering the tax-friendly jurisdiction

Inflows signal a changing guard from BAFs, though analysts caution investors against recency bias

IPV International, the new CAT I fund by Inflection Point Ventures, aims to invest $100,000-$1 mn in early-stage startups and has already backed Singapore's Cellivate

High-frequency trading firms are setting up offices in GIFT City to avail stamp duty refunds under Gujarat's incentive scheme, with Sebi easing IFSC registration norms

The fund focuses on long-term growth via diversified global ETFs with a currency advantage

Global volatility, favourable tax regime make them take alternative investment fund route