Gift City

Wipro launches GIFT City Hub to provide services to global BFSI clients

IT major Wipro on Thursday announced the launch of a new hub at the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to deliver advanced AI-powered technology services to global Banking, Financial Services, and Insurance (BFSI) clients. The new facility will initially seat 150 employees, with the flexibility to scale up to 500 seats based on client demand, the company said in a statement on Thursday. The GIFT City hub will support the delivery of advanced solutions across digital banking, capital markets, regulatory technology, risk and compliance, and core platform modernisation. The centre, with Wipro Intelligence -- a unified suite of AI-powered platforms and solutions -- strengthens the company's ability to co-innovate with clients, embed responsible AI across critical financial workflows, and scale secure, domain-led platforms to meet the growing global demand for AI-powered BFSI transformation, Wipro said. "Wipro's presence at GIFT City is a strategic investme

IFSCA tightens scrutiny of fund managers and capital market units

IFSCA steps up enforcement in GIFT City, issuing notices to fund managers and intermediaries over compliance lapses and operational deficiencies

GIFT City sees first IPO as XED invites bids for its maiden offering

The public issue is being offered at a price band of $10-$10.5 per share, in a fully dollar-denominated offering, and is accessible to eligible global investors

Bank of Baroda raises $500 million through five-year syndicated loan

State-run lender raises $500 million through a five-year syndicated loan via its GIFT City IFSC unit, attracting investors across Asia and aiming to diversify funding sources

Operational hurdles in KYC, high costs deter int'l investors in GIFT City

Operational hurdles and high KYC compliance costs are limiting overseas investor onboarding at GIFT City funds, with IFSCA examining measures including video KYC

Edelweiss Financial Services sells 4.4% stake in EAAA India Alternatives

Edelweiss Financial Services sold a 4.4% stake in EAAA India Alternatives for ₹375 crore to key investors as the alternatives platform prepares for a potential IPO

Street signs: 24K support level for Nifty under watch, GIFT City IPO debuts

Nifty's 24,000 level emerges as a key support amid global fund outflows and West Asia tensions, while IT stocks turn defensive and the first IPO opens at GIFT City IFSC

IFSCA cuts retail fund fees by 33%; India INX, HSBC IBU to widen access

International Financial Services Centres Authority cuts retail FME fees by 33% as India INX partners HSBC to widen global access

GIFT City witnesses surge in fund commitments, investor base in Q3

Fund management at GIFT-IFSC accelerated in FY26 Q3, with higher commitments, rising investor participation and growing traction in newly launched retail schemes

Street Signs: Narrowing window, upping the colo game, and test of patience

With overseas MF limits nearly exhausted, funds like ICICI Prudential AMC are curbing inflows, nudging investors to seek global exposure via alternate routes

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