Gift City

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

Artha Bharat unveils GIFT City's first physical gold investment fund

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

Rating upgrade to A will put GIC Re in a more stable position: GIC Re CMD

GIC Re chief Hitesh Joshi outlines plans to strengthen underwriting, diversify globally, expand specialty reinsurance and capitalise on emerging risk opportunities

M&A funding norms to intensify competition for private credit: Moody's

Moody's says RBI's acquisition financing norms could intensify competition from banks, putting pressure on private credit deal volumes and yields

IFSCA proposes unique KYC ID for seamless use of GIFT City entities

Draft framework aims to eliminate repetitive KYC by introducing a unique client ID and mandatory KRA integration for regulated entities in GIFT City

GIFT City to offer fintechs runway that home turf doesn't to drive growth

Indian fintech firms are expanding into cross-border payments via GIFT City, leveraging IFSCA's PSP licence to tap trade finance, treasury and capital market opportunities