GIFT City IFSC

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

Investments by the Indian diaspora in GIFT City-based funds have crossed USD 7 billion, a top official from the International Financial Services Centres Authority said on Tuesday. Over USD 129 billion were remitted by the non-resident Indians (NRIs) and people of Indian origin to the homeland in 2024, and it is fair to assume that they have investments of similar quantum in the global markets, chairman of the financial regulator K Rajaraman said here. "...as of now, about 5,000 NRIs have invested about nearly a billion and a half... in various banking products. They have also invested close to USD 7 billion in the fund ecosystem," he said at an event organised by the Institute of Internal Auditors here. Dedicated facilities for attracting the diaspora money into the GIFT City in Gujarat were started in 2024. Rajaraman said the over 19 million-strong diaspora is a big catchment of funds, and explained the idea behind it. "The thought process is how do we create a platform which can

International Financial Services Centres Authority (IFSCA) has issued advisories and warnings to FMEs that the unified regulator suspects could be operating

BS BFSI Summit: As GIFT City gains traction, panellists agreed it is well-positioned to become a key player in international finance, transforming India's role in the global financial landscape

Includes norms for already listed companies to explore the avenue, though subject to norms from other regulators

Experts believe these revised thresholds will enable Indian companies to access global capital and will be a step in cementing the country's position in the global financial landscape

The regulator for Gujarat International Finance ­Tec-­City is halting approvals for family investment funds after feedback from the central bank

You can now hold foreign currency, including the US Dollar, right here in India. The RBI has introduced new rules that help you open Foreign Currency Accounts

The Reserve Bank has significantly enhanced the attractiveness and utility of GIFT IFSC by clarifying the use of LRS for investments and enabling transactions like insurance and education loan payments in foreign currency, said GIFT City MD and group CEO Tapan Ray on Thursday. GIFT city (Gujarat International Finance Tec-City) located in Gandhinagar has been envisaged as an integrated hub for financial and technology services not just for India but for the world. India's maiden International Financial Services Centre (IFSC) has been set up in GIFT City. The Reserve Bank of India (RBI) on Wednesday issued a circular expanding the scope of norms related to remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS). RBI said it has been decided that "authorised persons" may facilitate remittances for all permissible purposes under LRS to IFSCs for availing financial services or financial products as per the International Financial ...