IFSC

Care Edge Ratings on Monday said it has decided to sell a 19.8 per cent stake in its wholly-owned subsidiary CareEdge Global IFSC to State Bank of India and NSE IFSC. The company has executed share purchase agreements and a shareholders' agreement with State Bank of India (SBI) and NSE IFSC (NSEIX) to sell a 9.9 per cent equity stake each in CareEdge Global IFSC Ltd (CGIL), Care Edge Ratings said in a regulatory filing. After the share transfer is completed, the company will continue to hold an 80.2 per cent equity stake in CGIL, it said. The deal is expected to be concluded within two months, it added.

Investments by operational units double in a quarter to nearly $500 million as of June

The new framework covers insider trading, fraudulent and manipulative practices, false information and artificial trading, replacing Sebi's existing market-abuse regimes in the IFSC

The regulator said entities must ensure continuous validity of their Letter of Approval and regulatory permissions, warning that breaches could attract penalties

Ashok Kumar Gautam, the first chief executive officer of India International Bullion Exchange IFSC Ltd., has resigned citing personal reasons

: The government has extended the tenure of the Chairman of the International Financial Services Centres Authority (IFSCA), K Rajaraman, for 27 months. The Central Government hereby re-appoints K Rajaraman to the post of Chairperson, IFSCA, for a period beyond July 31, 2026 till attaining the age of 65 years, or until further orders, whichever is earlier, the finance ministry said in a gazette notification dated July 30. Rajaraman will be attaining 65 years on October 24, 2028. He was appointed in 2023 for an initial period of three years. Prior to appointment as the Chairman, Rajaraman was Secretary, Department of Telecommunications, Government of India. IFSCA was established in April 2020 under the International Financial Services Centres Authority Act, 2019. It is headquartered at GIFT City, Gandhinagar. IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Cen

With international mutual funds shut for fresh SIPs, GIFT City IFSC funds offer Indian investors a new route to global diversification through the LRS framework

Draft scheme proposes a dedicated fund to manage unclaimed deposits, settle depositor claims and strengthen depositor education as banking activity expands in GIFT IFSC

IFSCA proposes widening eligible jurisdictions for fund distribution in GIFT IFSC, allowing retail investors access to a broader range of global investment products

Report supports development of securitisation markets, norms for regulatory parity

Artha Bharat Investment Managers IFSC has launched GIFT City's first physical gold fund, with the scheme tracking international spot gold prices through LBMA-standard bullion

K Rajaraman says GIFT IFSC is poised for its next growth phase as global volatility eases, with plans to deepen bond markets and expand leasing

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

CEA V Anantha Nageswaran said AI-enabled finance introduces new policy responsibilities, adding that regulators must strengthen oversight as India deepens integration with global capital markets

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

According to CBIC, the initiative will ensure swift processing of bank account and IFSC code approval requests, simplify registration across different ports

The finance ministry stated that the reason for this strategy is that the mainland activities are not affected by the offshore activities

In a consultation paper released on Friday, Sebi outlined plans to allow stock brokers to conduct securities market activities in Gift-IFSC through a separate business unit

InterGlobe Aviation, the parent of the country's largest airline IndiGo, will invest up to USD 45 million in its subsidiary InterGlobe Aviation Financial Services IFSC Pvt Ltd. The investment was approved by InterGlobe Aviation's board during its meeting on Wednesday. In one or more tranches, the investment of "up to Rs 3,940 million (USD 45 million approximately)", will be made in the IFSC subsidiary, according to a regulatory filing. "This investment will be utilised by IndiGo IFSC towards financing of aviation assets, repayment of its outstanding loan and for other general corporate purposes," the filing said. IndiGo IFSC, engaged in aircraft and aircraft engine leasing and providing financial services for such transactions, was incorporated in October 2023.

The new contracts offer a 22-hour trading window, enabling global traders to access the Indian market in a tax-efficient manner