Page 3 - Gift City

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

As many as 409 firms operating from IFSC GIFT City: FM informs Parliament

As many as 409 companies are operating in Gujarat International Finance Tec City - International Financial Services Centre (GIFT IFSC) as on July 31, 2025, Parliament was informed on Monday. "Between October 1, 2020 and July 31, 2025, the number of such companies has grown from 82 to 409. Further, banking, asset management and other financial ecosystems have been included and enabled in GIFT IFSC," Finance Minister Nirmala Sitharaman said in a written reply in the Lok Sabha. Over the last 5 years, the government has provided several progressive policy measures for development of GIFT IFSC, such as - setting up of International Financial Services Centres Authority (IFSCA) as a unified statutory regulator for development and regulation of International Financial Services Centres (IFSCs) in India, she said. To further enhance ease of doing business in GIFT IFSC, the government has also delegated powers of Development Commissioner under the Special Economic Zones (SEZ) Act, 2005 to ...

Street Signs: Ground shifts beneath Nifty's feet, SMEs lace up for race

Starting Monday, silver futures contracts will be traded in US dollar denominations at Gujarat International Finance Tec-City (GIFT City), with the launch on the India International Bullion Exchange

India's outward FDI in June swells to $5 billion, shows RBI data

Outward FDI from India rose 74% YoY in June to $5.03 bn, with equity and guarantees up sharply; Singapore leads as top destination in Q1 FY26

University of San Diego pauses plan to set up campus at Gujarat's GIFT city

San Diego varsity cites regulatory and cost barriers for pausing its GIFT City campus and will now expand in India through hybrid degrees, MoUs and online Master's programmes

Gift City may see its first IPO soon, marking a new era for unlisted firms

Ed-tech firm among half dozen eyeing direct listing at financial hub

India widens global investor access to $639 bn corporate credit market

The financial regulator for the special economic zone known as GIFT City has allowed global banks including HSBC Holdings Plc and Standard Chartered Plc to offer total return swaps for corporate bonds

Infosys founder Narayana Murthy visits GIFT City, lauds global potential

Infosys founder N R Narayana Murthy on Friday visited Gujarat International Finance Tec-City (GIFT City) and praised its progress and global outlook. He met GIFT City Chairman Hasmukh Adhia, Managing Director and Group CEO Tapan Ray, and International Financial Services Centres Authority (IFSCA) Chairman K Rajaraman. Murthy lauded the rapid progress being made and expressed appreciation for the world-class infrastructure and the growing number of international companies establishing operations in GIFT City. He noted that such developments are critical to positioning GIFT City as a global hub for financial and technology services as well as fintech innovation. He also interacted with students from various institutions at GIFT City and encouraged them to aim high. Infosys recently opened a new development centre at GIFT City that will support over 1,000 employees and deliver digital solutions for global BFSI clients across multiple domains.

Street Signs: Fresh legs for Sensex relay, GIFT brokers eye global play

Trent and Bharat Electronics (BEL) are likely to be added, while IndusInd Bank and Nestle India may be dropped from the 30-stock index, said an analyst

Sebi relaxes norms for brokers to expand in Gift City, nixes separate NOC

Markets regulator Sebi on Friday allowed stock brokers to operate in the International Financial Services Centre (IFSC) at GIFT City, without taking its prior approval. Stock brokers proposing to undertake securities market related activities in GIFT-IFSC are permitted to do so under a separate business unit (SBU) of the stock broking entity itself. These activities can also be carried out if the branch qualifies as an SBU, Sebi said in its circular. Moreover, the existing practice of carrying out securities market-related activities in GIFT-IFSC through a subsidiary is also allowed. Thus, the form in which these activities are to be carried out is at the discretion of the entity. The matters related to policy, eligibility criteria, risk management, investor grievances, inspection, enforcement, claims for SBU in GIFT-IFSC would be specified under the regulatory framework issued by the regulatory authority concerned and all activities of the SBU in GIFT-IFSC would be under the ...

NSE launches Nifty Waves Index; Gift Nifty hits record turnover in April

Priority Jewels files for IPO with Sebi; Nifty Waves Index debuts with 43 media and entertainment stocks; Gift Nifty posts record $100.93 bn turnover in April

GIFT Nifty hits record high monthly turnover of $100.93 billion in Apr 2025

GIFT Nifty, which is quickly becoming a strong symbol of India's growing equity market, continues to attract attention from global investors

Family offices opt for Cat-III AIFs in GIFT City after policy change

Global volatility, favourable tax regime make them take alternative investment fund route

GIFT City climbs global financial centre index, bolsters its hub status

Gujarat International Finance Tec-City (GIFT City) is India's first operational smart city and maiden International Financial Services Centre

Investments from Indian diaspora in GIFT City funds surpass $7 bn: IFSCA

Investments by the Indian diaspora in GIFT City-based funds have crossed USD 7 billion, a top official from the International Financial Services Centres Authority said on Tuesday. Over USD 129 billion were remitted by the non-resident Indians (NRIs) and people of Indian origin to the homeland in 2024, and it is fair to assume that they have investments of similar quantum in the global markets, chairman of the financial regulator K Rajaraman said here. "...as of now, about 5,000 NRIs have invested about nearly a billion and a half... in various banking products. They have also invested close to USD 7 billion in the fund ecosystem," he said at an event organised by the Institute of Internal Auditors here. Dedicated facilities for attracting the diaspora money into the GIFT City in Gujarat were started in 2024. Rajaraman said the over 19 million-strong diaspora is a big catchment of funds, and explained the idea behind it. "The thought process is how do we create a platform which can

IFSCA eases compliance for fund managers in GIFT City to boost investment

The minimum corpus requirement for retail investment schemes has been slashed from $5 million to $3 million, while the threshold for Portfolio Management Services (PMS) is halved to $75,000

Ireda arm gets provisional registration as finance co at Gujarat GIFT City

State-owned IREDA on Tuesday said its wholly-owned arm has been granted provisional registration as a finance company at Gift City in Gujarat. IREDA Global Green Energy Finance IFSC Limited has received the Certificate of Registration dated February 18 from International Financial Services Centre Authority (IFSCA) to undertake the activities as a finance company, IREDA said in an exchange filing. "IFSCA in its letter dated September 4, 2024 has granted the provisional registration to IREDA Global Green Energy Finance IFSC, (a wholly-owned subsidiary of IREDA) as a finance company at Gift City," it said. Indian Renewable Energy Development Agency Limited (IREDA), under the Ministry of New & Renewable Energy, is engaged in providing finance to mainly renewable energy projects.