Page 2 - Gift-ifsc

Committee recommends route to direct listing at IFSC GIFT city: Report

The group also suggested that Indian mutual funds may be permitted to participate in direct listings at the IFSC up to a limit of 1% of their assets under management

NRIs likely to get bigger play in local equities through GIFT City FPIs

At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent

India, UK explore possibility of shares listing at GIFT City and LSE

Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. They can only list on foreign exchanges through instruments such as depository receipts

Exemption from angel tax and forex limits at GIFT: Regulatory panel

Allow to raise capital through SPACs and listing on offshore exchanges

Framework in works to make GIFT City global hub for accounting: Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday said a comprehensive legal framework will soon be in place to enable accounting, auditing and taxation professionals to provide services from GIFT City, turning it into a global hub for accounting and financial back-office functions. Chairing a review meeting on the growth and development of GIFT-IFSC at Gujarat International Finance Tec-City (GIFT City), Sitharaman also emphasised using the maximum potential of the Indian International Bullion Exchange IFSC (IIBX) -- launched here in 2022 -- in ensuring disintermediation and efficient price discovery. She asked the Reserve Bank of India to pilot the import of tariff rate quota (TRQ) gold under the Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates through IIBX to pave the way for Indian banks efficiently using the IIBX platform, an official release stated. The Union minister exhorted both the International Financial Services Centres Authority (IFSC

Relief from double taxation on ODIs extended at the Gift City IFSC

Experts say move will make investments more lucrative

GIFT city expansion: 4 villages to be included, to become 3X present size

The city was first conceptualised by Prime Minister Narendra Modi as a global financial hub and India's "first operational smart city"

GIFT city expansion: 4 villages to be included, to become 3X present size

The city was first conceptualised by Prime Minister Narendra Modi as a global financial hub and India's "first operational smart city"

GIFT Nifty begins India journey, first day turnover tops $1 billion

The first session for GIFT Nifty contracts starts at 6:30 am India time and closes at 3:55 pm, closer to the operations of the domestic market

GIFT Nifty begins India journey, first day turnover tops $1 billion

The first session for GIFT Nifty contracts starts at 6:30 am India time and closes at 3:55 pm, closer to the operations of the domestic market

TMS Ep460: IndiGo aircrafts, free power, global markets, Gift Nifty index

What are the implications of IndiGo's 500 plane order? Is free power to households hurting industry? Is it time to diversify to global markets? What is Gift Nifty index? Answers here

Rupee trade volumes likely to get a fillip after RBI's IFSC ruling

So far now only residents outside India were allowed to be sold these contracts

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

IFSCA committee to explore ways to bring home Indian start-ups

The terms of reference for the committee include measures required to encourage the Indian fintech and startups domiciled abroad to relocate to GIFT IFSC

SVB crisis: $200 mn worth start-up deposits moved to GIFT City, says MoS IT

Says Indian financial sector should be preferred banking partner for start-ups

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

Several initial hiccups at GIFT City are behind us, says Injeti Srinivas

"Government had been doing a lot on the tax regime. They have now focused more on ease of doing business and opening up some businesses and stopping you from exporting your capital market"

Govt paves way for IFSC units to issue P-notes to foreign investors

With an aim to boost business activities in the international financial hub GIFT IFSC, the government in the Budget paved the way for IFSC units to issue participatory notes or offshore derivative instruments to foreign investors. Participatory notes (P-notes) are issued by registered foreign Portfolio Investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. Till December 2022, the value of P-note investments in Indian markets -- equity, debt, and hybrid securities -- was at Rs 96,292 crore, data with the Securities and Exchange Board of India (Sebi) showed. Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday recognised "offshore derivative instruments (ODIs) as valid contracts" in order to enhance business activities in the Gujarat International Finance Tec-City (GIFT City). In line with the Budget's announcement, it is likely that ...

A balanced Budget against the backdrop of global uncertainties

Tax reliefs are expected to leave more money in the consumers' hands. While the aim is to boost consumption, the extent of the impact remains to be seen

Budget 2023 announces host of measures to enhance business in GIFT IFSC

To enhance business activities in GIFT IFSC, Finance Minister Nirmala Sitharaman on Wednesday announced a host of measures, including establishing a subsidiary of EXIM Bank for trade re-financing and allowing acquisition financing by IFSC Banking Units of foreign banks. Besides, she proposed an amendment to International Financial Services Centres Authority (IFSCA) Act for statutory provisions for arbitration, ancillary services, and avoiding dual regulation under the Special Economic Zone (SEZ) Act. The Budget also announced delegating powers under the SEZ Act to IFSCA to avoid dual regulation and setting up a single window IT system for registration and approval from IFSCA, SEZ authorities, GST Network, RBI, SEBI and IRDAI. The Budget 2023-24 proposes an extension of tax benefits to funds relocating to IFSC, GIFT City till March 31, 2025. "For countries looking for digital continuity solutions, we will facilitate setting up of their Data Embassies in GIFT IFSC," she said during .