Gift City

Fund performance in focus as Tata AMC looks to add AI investment talent

Tata AMC chief Anand Vardarajan says the fund house will strengthen its investment team, explore AI talent and launch products across passive funds, SIFs and GIFT City

IFSCA pilots Aadhaar face authentication to ease cross-border KYC for NRIs

The regulator is piloting unassisted Aadhaar face authentication across four international jurisdictions to enable paperless digital onboarding for overseas Indians

IFSCA notifies market abuse rules for securities markets in Gift City

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

GIFT dual-listing plan gathers pace; Sebi, IFSCA talk with stakeholders

Regulators are examining listing, public float, taxation, currency and surveillance rules for Indian companies seeking to raise funds from global investors at GIFT City

Sebi allows online bond platforms to offer GIFT-IFSC-regulated bonds

Sebi has allowed online bond platforms to offer GIFT-IFSC-regulated securities, expanding their product range while mandating clear overseas labelling and regulatory compliance

IFSCA asks IFSC entities to maintain valid approvals or face action

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

'Gujarat is driving its economic growth via sector-specific policies'

Gujarat CM Bhupendra Patel outlines plans to make the state a $1 trillion economy by 2030, attract GCCs, expand renewables and reform state-run enterprises

Standard Chartered expands GIFT City presence with wealth management push

The foreign lender expects to roll out wealth management services over the next few months, expanding its retail offerings from the international financial services centre

Global stock trade via GIFT City doubles; Q1 value nears $2 billion

Of the traded value, $1.5 billion is from trading on the exchanges of the US, followed by those of South Korea and Germany at $272 million and $43.7 million, respectively

GIFT City Outbound Funds: With international funds closing down for SIP

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

IFSCA working with govt to ease tax hurdles for GIFT outbound funds

Outbound investments from GIFT IFSC remain constrained due to tax-related issues, and the International Financial Services Centres Authority (IFSCA) is working with the government on the matter, a senior official said on Wednesday. "We are already working with the government on the outbound tax. That is, of course, the request of the funds. That is something which we are working on," Pradeep Ramakrishnan, executive director at IFSCA, said during a panel discussion at an Artha Bharat Investment Managers IFSC LLP event. Ramakrishnan's remarks come amid industry demands for a more competitive tax framework to encourage outbound investment structures from GIFT City. Further, Sachin Sawrikar, managing partner at Artha Bharat Investment Managers IFSC LLP, in an interview to PTI, said outbound investments remain relatively small and continue to face multiple constraints, including taxation and the tax collected at source (TCS) framework. Sawrikar said while the IFSC regulator has made ...

Ifsca eyes independent arbitration centre to boost GIFT City's appeal

The proposed centre aims to strengthen dispute resolution, enhance investor confidence and help position GIFT City as a leading international financial services hub

IFSCA proposes framework for unclaimed deposits in GIFT IFSC banking units

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 plans wider distribution of funds, to expand eligible jurisdictions

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

Street signs: WTM slot opens, street hopeful of SMC & fund manager effect

DEA begins the search for IFSCA's first whole-time member as markets await the Securities Markets Code Bill and track fresh bets by marquee fund managers

HCLTech launches Global Technology Center in GIFT City for AI-led solutions

The new facility in Gujarat's GIFT City will deliver AI-led solutions for financial services while supporting technology innovation and industry-academia collaboration

Over 100 multinationals eyeing treasury operations in GIFT City: JPMorgan

More than 100 companies have approached JPMorgan to explore banking and payment solutions for treasury operations in GIFT City, reflecting rising multinational interest in India's financial hub

IFSCA proposes direct listing at Gift City without a public offer

Criteria include eligibility thresholds, disclosure requirements, price discovery mechanisms

Govt exempts IFSC GIFT City units from Coastal Shipping Act licensing norms

The exemption allows eligible IFSC GIFT City units to charter foreign vessels for EXIM and international trade without obtaining a licence under the Coastal Shipping Act

Artha Bharat Investment launches GIFT City's first physical gold fund

Artha Bharat launches GIFT City's first physical gold fund, while Kusumgar prices its IPO and benchmark indices extend gains for a third straight session