Page 10 - Gift City

Wollongong university's campus in GIFT City to be operational in 2023

The University of Wollongong's campus in Gujarat's GIFT City is expected to be operational by the end of this year and admit the first batch of students, Australian Education Minister Jason Clare announced on Thursday. The campus will initially start "small" and offer finance and STEM courses, said Clare, who is on a visit to India till March 3. Union Education Minister Dharmendra Pradhan on Wednesday announced that two Australian varsities -- Wollongong and Deakin -- would open their campuses in GIFT City. "The University of Wollongong has signed a Letter of Intent with the Indian government and we are hopeful that the campus in GIFT City will be operational by end of this year and start admitting first batch of students," Clare told PTI on sidelines of an event. The minister, however, did not share a timeline for setting up of Deakin University's campus. "More details will be available during the Australian Prime Minister's visit next week," he said. Responding to a question ab

Australian universities to set up campuses in GIFT City: Education Minister

Two Australian universities -- Wollongong and Deakin -- will soon establish campuses in Gujarat's 'GIFT CITY', Union Education Minister Dharmendra Pradhan announced on Wednesday. The two varsities will sign an agreement on setting up their campuses next week during Australian Prime Minister Anthony Albanese's maiden visit to India. Pradhan made the announcement during an event at Delhi University's Venkateshwara College, which hosted Australian Education Minister Jason Clare, who is on a four-day visit to the country. "Two Australian universities will be establishing campuses in the GIFT CITY in Gujarat. We want to partner with Australia with accessibility, affordability and quality of education for youngsters," he said. The two universities are Deakin University and Wollongong University. The Australian minister also announced that noted former cricketer Adam Gilchrist, the global brand ambassador of Wollongong University, will help in setting up the university campus in ...

In a first, Australia's Deakin University to set up campus in GIFT city

Deakin University sits in the 266th spot in the QS World University Rankings. It is among the top 50 young universities in the world

Nearly a dozen fintech startups moved to IFSCA innovation sandbox

The regulatory sandbox initiative is to encourage fintech services across the spectrum of banking, insurance, securities and fund management

Reserve Bank of India, IFSCA likely to frame fresh norms for GIFT City

The finance minister has announced ways to make regulations and clearances for GIFT City streamlined

Budget 2023: P-notes, SGX Nifty trading at GIFT City likely to get a boost

Experts said p-notes issued at GIFT would not boost flows into the onshore markets in a big way but would be used for securities traded at the IFSC

Focus on finance

Budget measures will strengthen financial markets

Budget 2023: GIFT City gets a big boost as govt announces several sops

The Budget provided acquisition financing by units of foreign banks set up at the IFSC-a move that will bring down the cost of financing for outbound mergers and acquisitions (M&A)

MFs eye GIFT City route to cross foreign investment limit barrier

Plan products to leverage individual LRS limit for global exposure

IDBI Trusteeship Services Ltd commences operation from GIFT City in Gujarat

IDBI Trusteeship Services Ltd (ITSL) on Tuesday said it has commenced operations at the Gujarat International Finance Tec-City (GIFT City). In a statement, Padma Betai, MD and CEO of IDBI Trusteeship Services Ltd, said operating business from GIFT City tends to be cost-efficient as against high costs attached to maintaining overseas offices and will be a game changer in terms of revenues for the trusteeship business. Going forward, the entity will also offer facility agent services to IFSC banking units for their External Commercial Borrowings (ECB) transactions, trusteeship services to Non-Convertible Debentures (NCDs) and Alternative Investment Funds (AIFs), and escrow agency services for cross border Mergers and Acquisitions (M&A) transactions. "We are witnessing significant interest from distinctive business verticals to set up their operations in GIFT City and creating benchmarks in providing a conducive business ecosystem to financial institutions at par with global ...

We Founder Circle announces 2 angel funds for early-stage start-ups

Mumbai-based We Founder Circle has in 23 months invested in more than 70 start-ups

Variable capital firms to boost India's fund management space, says Sahoo

Such entities have a variable capital base as they issues and redeems shares on an on-going basis. With every issue or redemption, the capital base of the VCC changes

Reserve Bank of India issues framework for Indian banks' foreign biz

The framework also specifies the applicability of these instructions to International Financial Services Centres in India, including Gujarat International Finance Tec-City

Can India's new finance hub in Gujarat become the next Singapore or Dubai?

Gujarat International Finance ­Tec-­City, more commonly known as GIFT City, occupies 886 acres between Gujarat's capital, Gandhinagar, and Ahmedabad, its biggest city

ICICI Bank launches dollar bond, deposit-linked loan for NRIs at GIFT City

Lender claims to be the first to offer these products in GIFT City

Global entities, fund managers keen to invest in India: IFSCA Chairman

Global entities and fund managers are keen to invest in India, Chairman of the International Financial Services Centres Authority (IFSCA) Injeti Srinivas has said, underlining the need to create a platform that intermediates global capital flows into the domestic economy. Srinivas is leading a delegation of senior officials from the International Financial Services Centre (IFSC) at GIFT City (Gujarat International Finance Tec-City), are currently in the US for meetings and roundtable discussions with American and global investors, banking and educational institutions for business opportunities. The delegation is on a visit to New York and Washington. "We had meetings with fund managers. They are all very keen to invest in India, Srinivas told PTI on Wednesday in an exclusive interview. He said the groups are happy to learn about various facilities available, apart from the regulatory comfort and overall financial ecosystem at GIFT. They were excited about the cooperation prospects

How does Andrew Holland see markets play out in Samvat 2079?

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies spoke to Business Standard's Puneet Wadhwa on the opportunities and pitfalls investors should be mindful of in Samvat 2079

What is wet and dry lease of aircrafts?

Through the Gift City special zone in Ahmedabad, India is trying to become a global hub for aircraft leasing. But why do most airlines prefer leasing aircraft rather than buying them? Let's find out

Goyal urges small businesses to look at dual listing by tapping Gift City

Commerce and Industry Minister Piyush Goyal on Monday urged small businesses to consider dual listing to widen their capital raising options. The minister said small companies have the option to list on the main bourses' SME platforms and also on the Gift City in Gandhinagar. Speaking at an event to mark the 400th listing on the BSE's SME platform, he said there is a need to tap into more sources of capital as that can give a fillip to the small business sector. Possibly you can look at the International Financial Services Centre at the Gift City. We also need to see whether we can encourage some of these companies to explore getting listed through the Gift City platform or a dual listing between Mumbai and the Gift City, he said, adding the same option can also be explored by companies looking at overseas listing. Dual listing will help tap into domestic capital and also the international funds which have set shop or are in the process of doing so at the Gift City, he said. It wo

GIFT city-based lessors likely to lease out 60-odd aircraft by March 2023

The 11 aircraft leased out of GIFT City to date include helicopters, regional aircraft, trainer aircraft and private jets