GIFT City

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

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

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

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

"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

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

University of Wollongong also likely to announce a campus

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

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 ...

Deakin University sits in the 266th spot in the QS World University Rankings. It is among the top 50 young universities in the world

The regulatory sandbox initiative is to encourage fintech services across the spectrum of banking, insurance, securities and fund management

The finance minister has announced ways to make regulations and clearances for GIFT City streamlined

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

Budget measures will strengthen financial markets

The Budget provided acquisition financing by units of foreign banks set up at the IFSC-a move that will bring down the cost of financing for outbound mergers and acquisitions (M&A)

Plan products to leverage individual LRS limit for global exposure

IDBI Trusteeship Services Ltd (ITSL) on Tuesday said it has commenced operations at the Gujarat International Finance Tec-City (GIFT City). In a statement, Padma Betai, MD and CEO of IDBI Trusteeship Services Ltd, said operating business from GIFT City tends to be cost-efficient as against high costs attached to maintaining overseas offices and will be a game changer in terms of revenues for the trusteeship business. Going forward, the entity will also offer facility agent services to IFSC banking units for their External Commercial Borrowings (ECB) transactions, trusteeship services to Non-Convertible Debentures (NCDs) and Alternative Investment Funds (AIFs), and escrow agency services for cross border Mergers and Acquisitions (M&A) transactions. "We are witnessing significant interest from distinctive business verticals to set up their operations in GIFT City and creating benchmarks in providing a conducive business ecosystem to financial institutions at par with global ...

Mumbai-based We Founder Circle has in 23 months invested in more than 70 start-ups

Such entities have a variable capital base as they issues and redeems shares on an on-going basis. With every issue or redemption, the capital base of the VCC changes

The framework also specifies the applicability of these instructions to International Financial Services Centres in India, including Gujarat International Finance Tec-City