Page 3 - Gift City

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

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 ...