Page 12 - Gift City

Investing in global stocks through IFSC: Here's what investors should know

A certain number of NSE IFSC depository receipts are required to make up one underlying share

Top headlines: Tata group to take over Air India, Fed flags rate hike

The government is likely to put several non-strategic public sector undertakings on the block next year. More on that in top headlines.

GIFT City draws big players with biz sops; banks, PEs register with IFSCA

Twenty foreign and Indian banks are now part of the IFSC ecosystem

Bulking up IFSC: A wide-ranging expansion of its remit expected in Budget

FY23 will be aimed at making IFSC the centre to use rupee as a freely convertible currency

Nippon MF, Birla Sun Life receive approval to start PMS at GIFT City

With this, AMCs will be able to offer global funds, NRIs and others investing into India investment management and advisory services

Q3 sales updates, new launches point to strong outlook for realty stocks

Street expects sales momentum to continue despite the concerns on Omicron

GIFT city regulator seeks comments on draft insurance web aggregator rules

The public and stakeholders comments on the draft regulations have to be submitted by December 20

FM announces clearance of two proposals of IFSCA at GIFT City in Gujarat

Nirmala Sitharaman also underlined the central government's commitment to make GIFT City a world-class fintech hub as stated in the Union Budget 2021-22

FM to lead a team of 7 secretaries for discussions at GIFT City on Saturday

The role of GIFT-IFSC as gateway to global financial services for Indian corporates within India, attracting global financial business to India will be discussed

PM Narendra Modi to inaugurate IFSCA's InFinity Forum on Dec 3

IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs) in India

FM Sitharaman to lead a team of secretaries for discussions at GIFT City

Talks are likely to revolve around role of GIFT-IFSC as a gateway to global financial services for Indian companies, attracting global financial business to India, and growth as a fintech global hub

NSE-SGX Gift City connect could go live around Vibrant Gujarat next Jan

Nifty derivatives contracts are among the most traded on the SGX

Four platforms get IFSCA licence for factoring business at Gift City

These in-principle licences were issued by the IFSCA last Friday to start working through sandbox facilities before formal business

IFSCA constitutes panel for development of sustainable finance hub

The International Financial Services Centres Authority (IFSCA) on Thursday set up an expert panel headed by former Enviornment and Forest Secretary C K Mishra to suggest a framework to develop a world-class sustainable finance hub at IFSC. India aspires to be a frontrunner in climate action, which is evident in its commitment towards its intended Nationally Determined Contributions under Paris Agreement, IFSCA said in a statement. "Raising financial resources for climate change adaptation and mitigation actions of this scale needs active participation of international investors. IFSCA envisions GIFT- IFSC as a global hub for sustainable finance thereby acting as a gateway for channelizing foreign capital into India," it said. In its endeavour to develop the required ecosystem, IFSCA has constituted a 10-member Expert Committee to recommend approach towards development of Sustainable Finance Hub and provide a road map for the same. As per the terms of reference, the panel would ...

IFSCA in process to set up International Arbitration Centre in GIFT IFSC

The International Financial Services Centres Authority (IFSCA) is in the process of setting up an International Arbitration Centre in the GIFT IFSC for speedy resolution of any dispute

GIFT City gains traction: Avendus fourth firm to get nod for setting up AIF

According to an industry official tracking developments at GIFT City, four other companies' applications are under are under consideration for setting up AIFs

GIFT City gets green certification from Indian Green Building Council

Gujarat International Finance Tec City (GIFT City) was awarded the green cities 'platinum' certification by CII's Indian Green Building Council (IGBC). GIFT City is India's first Greenfield Smart City to achieve the IGBC Green Cities Platinum rating, a release by the GIFT city said. Gift city officials said that till now buildings have received green certificates but this is the first entire city to get such ratings. IGBC recognises several initiatives adopted in the project which include integrated land use, compact city development, 35 per cent public green & open spaces, substantiate housing, transit-oriented development with BRTS, Metro rail connectivity, 100 per cent road network with streetscape and 100 per cent green buildings mandate in the city. "GIFT City's vision on smart urban development factors in sustainability, being an integral feature of the city with consideration for social, economic and environmental impact, Gift city MD and Group CEO Tapan Ray was quoted as ..

GIFT: Will takeover by Gujarat expedite work on Modi's utopian city?

Touted as India's offshore alternative to Singapore and Hong Kong, the IFSC, located in GIFT City, which is about a tenth of the size of Vatican City, offers many incentives to Indian businesses

GIFT City route to international equities promises greater security

Only sophisticated investors should take this route; most retail investors should stick to the mutual fund route for international investing

Deutsche Bank gets nod to set up IFSC banking unit at GIFT City

Deutsche Bank will set up its IFSC banking unit at India's first global financial centre in Gujarat. The bank has received approval from the GIFT SEZ Authority to set up an IFSC banking unit at India's first International Financial Services Centre (IFSC) at GIFT City, Gujarat, a release said on Thursday. The leading German bank with strong European roots has a global network across 59 countries. This will serve as a primer for renowned banks from other geographies to consider GIFT City a viable destination for international financial services, said Tapan Ray, MD & Group CEO, GIFT City. "Progressive banking regulations in GIFT IFSC provide new business opportunities in several areas for foreign banks such as FPI Business, Non-Deliverable Forwards (NDF), Aircraft leasing- financing, and upcoming framework to enable international bullion exchange operations from GIFT IFSC," he said. Deutsche Bank is among the largest international banks in India. It had set up its first branch in th