Gift City

Cabinet approves extension of Gujarat Metro from GIFT City to Shahpur

The Union Cabinet on Tuesday approved a 3.33-km extension of the existing North-South corridor of Gujarat Metro from GIFT City to Shahpur. In a statement, the government said that the project, which is scheduled to be completed in four years, includes three elevated stations. The decision was taken by the Union Cabinet, in its first meeting chaired by Prime Minister Narendra Modi at Seva Teerth, the new PMO complex. "The estimated cost of the project is Rs 1,067.35 crore. This extended corridor is expected to benefit approximately 23,702 passengers in 2029 and approximately 58,059 passengers in 2041," the statement stated. It said that this corridor will strengthen connectivity between Ahmedabad and GIFT region. Major multinational companies, educational institutions, and commercial centers located along the proposed route will directly benefit. This extension will also be beneficial to the daily commuters travelling between Ahmedabad and GIFT region for catering the travel need .

IFSCA to seek Centre's nod to open insurance-linked securities to investors

IFSCA will approach the Centre for approval to set up an SPV-based framework enabling investments in insurance-linked securities such as catastrophe bonds, aiming to broaden risk-sharing mechanisms

RBI draft on INR derivatives may push more banks to expand in GIFT City

RBI's proposal restricting access to rupee NDDCs to banks with IFSC units could deepen lender presence in GIFT City, while offshore ETP rules signal calibrated liberalisation

Santam Re opens GIFT City branch to scale Indian and Asian reinsurance play

Santam Re has launched its GIFT City branch as an IFSC office, focusing initially on India's reinsurance market before expanding into broader Asian and Middle Eastern regions

ASK Asset & Wealth gets Sebi approval to launch mutual fund business

ASK enters mutual funds with Sebi nod as IPO momentum builds, led by GIFT City's first listing, CleanMax's ₹3,100 crore issue, and Gaudium IVF's market debut

Street signs: AI storm could hit other pockets, GIFT City's master key

AI fears widen beyond IT to wealth management, while APMI tightens fund-flow norms and GIFT City rolls out a single-window 'master key' registration

Uday Kotak appointed Chairman of GIFT City

Kotak succeeds Hasmukh Adhia as non-executive chairman of Gujarat's IFSC hub, with appointment effective immediately

Union Budget 2026-27: Centre doubles GIFT City tax holiday to 20 years

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

Gujarat's GIFT City attracts world's biggest reinsurers, including Lloyd's

Global reinsurers including Lloyd's of London plan to enter India via GIFT City, betting on tax incentives and access to the country's fast-growing insurance market

GIFT City: Powering India's global finance ambitions with new milestones

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

ESMA agreement likely to open European markets for GIFT City funds

After RBI, EU authority to ink agreements with Sebi, IFSCA

GIFT City and the path to global financial leadership in a changing world

As India marks its 77th Republic Day, GIFT City reflects a long-term effort to align democratic governance with global economic ambition

JPMorgan UK unit to open branch in GIFT City for equities trading

Dipesh Shah, executive director at IFSCA, confirmed that the regulator had issued a license to JPMorgan Securities earlier this month

GIFT City proposes tighter norms to regulate algorithmic trading

The authority also proposed establishing "dummy filters" on securities that do not have price bands but are attracting algorithmic trading interest

Nagaraju highlights IFSCA role in making India a global reinsurance hub

Financial Services Secretary M Nagaraju on Monday highlighted the role of IFSCA in advancing India's aspiration to becoming a global reinsurance hub and encouraged Indian insurers and reinsurers to tap global opportunities through GIFT City. India stands at the cusp of transformative growth in its reinsurance sector, Nagaraju said speaking at the IFSCIRDAIGIFT City Global Reinsurance Summit in Mumbai, according to a finance ministry statement. Insurance and reinsurance were emphasised as crucial in driving India towards its economic objectives, particularly as the country strengthens its role in the global economy, he said. As per a Swiss Re report, India remained the 10th largest insurance market globally by nominal premium volumes in 2024, with a market share of 1.8 per cent. Insurance penetration stood at 3.7 per cent, with life insurance at 2.7 per cent and non-life at 1 per cent, while insurance density increased marginally to USD 97, indicating significant untapped market ...

Tiger Global case: Foreign investors' interest in GIFT City may increase

Tax experts say GIFT IFSC-based specified funds may offer a more certain and tax-efficient route amid increased scrutiny of treaty-based capital gains exemptions

Stockbroker rules' revamp likely to broaden cross-regulator scope

Separate business units, sandbox timelines part of proposed changes

Easing of liquor policy for GIFT City to boost hospitality, investments

Gujarat has eased liquor rules in GIFT City by removing temporary permits for visitors and allowing licensed hotels and restaurants to serve across premises, while prohibition stays statewide

IFSCA eases norms for fund managers in GIFT City; approves new GIC rules

IFSCA has cleared relaxations for fund management entities in GIFT City, including KMP eligibility and PPM extensions, and approved new Global In-House Centres Regulations, 2025

Gujarat eases liquor rules at GIFT City; permit requirement scrapped

Any person from outside Gujarat or India can now consume liquor at designated hotels or restaurants inside GIFT City, a global finance centre in Gandhinagar, by just showing photo ID card, as per changes made in alcohol rules at the hub by the state government. The government has introduced major changes to liquor rules at Gujarat International Finance Tec-City (GIFT City) and done away with the norm of obtaining a permit for alcohol consumption. The state home department has announced the changes through a gazette notification. Through the December 20 notification, the department has further eased liquor consumption rules at GIFT City. Gujarat is a "dry" state where manufacture, sale, and consumption of liquor are prohibited. However, the government made an exemption for GIFT City in 2023 by allowing sale and consumption of alcohol inside the central business district with some conditions. As per the latest notification, any "external person", who is not from Gujarat, or a foreig