Gift City

Nearing expiry: SBI seeks tax break extension for its GIFT City unit

SBI has asked the Centre to extend its 10-year tax holiday at GIFT City, saying early entrants lost effective benefit years. Experts warn activity could shift offshore if incentives lapse

9 foreign reinsurers in talks to enter GIFT City through IIO route

There are also 10 reinsurers who are in their preliminary stages of discussion

SMFG accelerates India expansion by boosting lending, $5 bn buying blitz

Japan's second-largest lender has made investments to expand in financial services from retail to wholesale banking in India, such as a landmark deal that made it the biggest shareholder of Yes Bank

A large part of India's capital needs to be met via GIFT City: Ifsca Chair

K Rajaraman, chairman of the IFSCA, outlines how the IFSC is emerging as a hub for India Inc's foreign-currency needs

Moving India: So near yet so far for Gujarat's transport infrastructure

The fourth of a six-part series examines why daily commute in Ahmedabad, Gandhinagar, and GIFT City remains a challenge despite better bus and metro services, and new infrastructure

IIBX eyes over $12 bn forex flow in FY26 from gold and silver contracts

India International Bullion Exchange eyes sharp growth in gold and silver contracts, boosting foreign exchange inflows through GIFT City

Govt urges banks to deepen presence in IIBX, expand GIFT City operations

The senior government official further noted that the intent is to strengthen the ecosystem around IIBX and ensure that banks play a larger role in facilitating bullion trade and related financial flo

BS BFSI Summit: GIFT City achieving key milestones, gaining global traction

At BS BFSI Insight 2025, experts said international financial hub has evolved beyond banking, insurance, and capital markets. There are now over 35 active business segments operating in the centre

Building foresight capability to anticipate risks a priority: Sebi Chairman

As the three-day premier summit came to a close, a clear call emerged: Regulate wisely, innovate responsibly, and build a resilient, tech-driven foundation for India's financial future

IFSCA releases consultation paper on dematerialisation of IFSC securities

The International Financial Services Centres Authority (IFSCA) has issued a consultation paper on regulatory framework for dematerialization of securities by entities in the IFSC jurisdiction. India International Depository IFSC Ltd is designated as the issuing agency for International Securities Identification Numbers (ISIN) within GIFT City, IFSC. However, it has been observed that certain entities continue to obtain ISINs and hold securities through depositories located in the domestic jurisdiction, even when such securities are issued by entities established in IFSC jurisdiction, IFSCA said in a statement. In order to provide sufficient time for transition, it has been decided that the entities in the IFSC that have already dematerialised their securities with the domestic depositories in India shall migrate such securities to a depository in the IFSC by March 31, 2026, it said. To ensure a smooth transition, a depository in IFSC should ensure a seamless migration from domestic

IFSCA proposes differential distribution in funds to boost blended finance

The move is aimed at enabling blended finance structures that combine concessional or philanthropic capital with private investment to fund socially desirable but commercially less viable projects

Coventry University in talks with Edu Ministry for more India campuses

The UK-based university, which got approval for its first Indian campus in Gujarat's Gift City, plans further expansion under India's National Education Policy 2020

How GIFT City's new forex settlement system can be a game-changer for India

The new real-time foreign currency settlement system situates GIFT City among global financial centres like Hong Kong and Tokyo, with a promise of faster transactions and better liquidity

StanChart to focus on multi-product clients; no new branches planned

Standard Chartered India will focus on cultivating multi-product retail relationships and cross-selling to affluent clients while consolidating branches into large priority centres

Tata AMC launches Dynamic Equity Fund at GIFT City with min $500 investment

Tata AMC gets IFSCA approval to launch Tata India Dynamic Equity Fund at GIFT City; global investors can start with $500 and enjoy tax benefits while accessing India's equity market

FM Sitharaman highlights GIFT City as global hub for financial services

Finance Minister Nirmala Sitharaman on Monday highlighted the role of IFSC GIFT City as a global financial service provider. During the meeting with top management of HSBC Plc, Sitharaman outlined the roadmap towards Viksit Bharat, towards Atmanirbhar Bharat, sustainability, innovation, adoption of Artificial Intelligence (AI) and inclusivity. GIFT IFSC, international financial services centre, is located in Gandhinagar Gujarat. HSBC Group chairman Mark E Tucker and the Board Members of the UK-based financial services firm met the finance minister here. The meeting focused on India's growth story, Government of India's policy initiatives and HSBC's role in supporting India, the finance ministry said in a post on X. Members of the top management of HSBC appreciated India's continued growth story, including, the government's focus on broad regulatory reforms, and recent taxation reforms in both direct and indirect taxation, it said. The dialogue also addressed India's ambition to .

India finds out how hard it is to build a finance hub from scratch

GIFT City has attracted global banks with tax breaks and modern infrastructure, but the vibrant community its planners promised remains far from reality

Global edtech company XED sets the syllabus for GIFT City listings

This will be the first IPO at the IFSC and could serve as a template for other companies considering the tax-friendly jurisdiction

Multi-asset funds march to the hybrid throne; gold their banner

Inflows signal a changing guard from BAFs, though analysts caution investors against recency bias

Semicon India 2025: Industry flags infra, talent as key challenges

Industry leaders at Semicon India 2025 said India's semiconductor sector faces hurdles including infra gaps, shortage of fab-specific talent and supply chain vulnerabilities