Page 11 - Gift City

PM Modi visits GIFT City in Gujarat, reviews progress of ongoing projects

Prime Minister Narendra Modi visited Gujarat International Finance Tec-City or GIFT City near Gandhinagar on Friday evening, officials said. The prime minister was on a one-day visit to Gujarat. He reviewed the status of various ongoing projects at GIFT City and also interacted with the top officials of various entities which operate from the GIFT International Financial Services Centre (GIFT IFSC). The prime minister also visited GIFT City's key infrastructure facilities including an underground utility tunnel and automated waste collection-segregation plant. Earlier in the day, Modi addressed a gathering of teachers at the 29th Biennial Educational Conference organised by the All India Primary Teachers Federation near the state capital. Later in the afternoon, he inaugurated or laid foundation stones of various projects worth around Rs 4,400 crore from the Mahatma Mandir convention centre in Gandhinagar.

Alchemy India Long Term Fund relocates from Mauritius to Gift City IFSC

Industry players said more such funds could move to Gift City as the tax treatment is now at par with other global jurisdiction

IFSC relaxation may boost trade in foreign stocks at the GIFT City

RBI removed requirement of repatriating funds lying idle in FCA accounts

RBI removes restrictions on individuals from opening interest-earning FCAs

The long-awaited amendment by the RBI now puts IFSC at par with other jurisdictions when it comes to remittances

IndusInd Bank signs $100 mn loan deal with JBIC to push Japanese equipment

Under the deal, IndusInd Bank will offer credit to firms in the supply chain of Japanese OEMs in India, and to final buyers of construction machinery made by Japanese firms

SGX NSE Connect to become fully operational from July 3 at GIFT City

From July 3, all dollar-dominated Nifty derivatives contracts to be exclusively traded on NSE IFSC

Citi launches its branch in GIFT IFSC; to offer financing solutions

The branch will offer external commercial borrowings and trade loans, addressing foreign currency funding requirements of multinationals, large local corporates and financial institutions

STT hike to GST appellate tribunal: Key takeaways from Finance Bill 2023

Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains

SVB collapse: Start-ups seek govt's help to bring money to India

Most of the stakeholders present in the meeting have been able to withdraw their deposits from SVB since Monday morning

SVB fallout: Fintech, venture capital companies come to the rescue

Razorpay is offering domestic start-up clients to move their money into their Indian current accounts as FDI through the firm's partner banks

Deakin University's Indian teachers to get trained in Australia

"I want to really emphasise that these will not be a small cohort of staff employed in India, but Deakin staff who happen to be employed in India. That's not the same," Martin said

Deakin University to start PG courses in cyber security, business analytics

Initial size of international branch campus to be 25,000 sq ft for a batch of 60 students each for the two programs

India's GIFT City campus to be Deakin University's 1st international foray

University of Wollongong also likely to announce a campus

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