Page 2 - Gift City Ifsc

India considers Singapore's VCC model to get funds for GIFT City IFSC

Island nation has established more than 200 VCCs established since January 2020 using the model.

Fintech hub at GIFT City: IFSCA in talks with overseas regulators

IFSCA in talks with 10 foreign counterparts to help Indian fintech firms expand globally

SGX-NSE may start operations at Gift City by Dec: IFSCA's Injeti Srinivas

In a telephonic interview with Shrimi Choudhary, Injeti Srinivas, chairman of IFSC Authority (IFSCA), discusses the impact of Covid-19 on the operations of Gift City

Foreigners won't need PAN for investment in GIFT alternate investment funds

PAN requirement will no longer apply to such investors

IFSC Authority announces framework for aircraft operating companies

The Government of India, on the recommendation of (IFSCA), on October 16, 2020 had notified aircraft lease norms, an official statement said

We've had no NPAs, plan to keep it that way: Amitabh Banerjee, CMD, IRFC

In a Q&A, Banerjee says the company is unlikely to change its model of leasing to Indian Railways, but is open to financing private projects that have forward or backward linkages with railways

Budget sops may spur up to 10% Mauritius funds to relocate to IFSC

Experts say while global funds may want to consider shifting their India portfolios to IFSC, the move would result in splitting the fund into two, which may not be acceptable to investors

ICICI Lombard gets approval to open IFSC unit in Gujarat's Gift city

Private non-life firm ICICI Lombard on Friday said it has received approval from international financial services centre (IFSC) to open an offshore insurance office in Gift City

CDSL IFSC branch in Gujarat gets recognition as foreign depository

The objective of the branch is to make IFSC the ''go-to'' location for global investors and be the preferred choice amongst the financial markets

Quit from here, then join, Sebi tells 350 officers seeking IFSCA deputation

Rejects all 350 applications; Newly formed unified authority International Financial Services Centres Authority (IFSCA) regulates govt's pet project GIFT city institutions

NSE and SGX end arbitration; will trade Nifty products at GIFT City

This will bring together international and Gujarat International Finance Tec-City (GIFT City) participants to create a bigger liquidity pool for Nifty products in GIFT City

Expert panel suggests making GIFT city a gateway for global investors

Committee says IFSC should aim at providing Indian diaspora and individuals from Asia and Africa with full range of financial services, serve residents availing liberalised remittance scheme

Sebi revises eligibility, shareholding limit for clearing corp at IFSC

The decision, aimed at streamlining the operations of IFSC, has been taken after consultation with stakeholders, the Securities and Exchange Board of India (Sebi) said in a circular

Can GIFT City overcome the barrier of unpredictable policymaking?

The Gujarat government's international financial services centre has the opportunity to become a global hub, but only if regulation and procedures are streamlined quickly

In a first, 11 entities get approval for units at GIFT SEZ virtually

Teleconference used in approval process; the 11 entities carry potential to create 500 jobs

Sebi amends the guidelines for intermediaries operating at GIFT City

Besides, the watchdog has changed the guidelines for reporting of financial statements by issuers listing their debt securities at IFSC.

Govt allows companies to list global depository receipts on Gujarat IFSC

A depository receipt is a foreign currency denominated instrument, listed on an international exchange, issued by a foreign depository to a domestic custodian and includes GDRs

Businesses pitch for gold import as Budget proposes bullion exchange

The exchange at the international financial services centre (IFSC) will be an additional option for trade for global market participants, says Budget 2020.

Budget: International bullion exchange to be set up at IFSC in GIFT City

IFSC has the potential to become a centre of international finance and high end data processing, the Finance Minister said during her speech

StanChart to be first foreign bank to launch ops at GIFT IFSC; may open branch this yr

The GIFT City Thursday said US-based Standard Chartered will be the first foreign bank to launch operations at International Financial Services Centre (IFSC). Standard Chartered has received in-principle regulatory approvals to set up its IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City), it said in a release. The US-based lender is expected to start operations at IFSC by the end of this year, a GIFT City spokesperson said. The government had envisaged GIFT IFSC as a hub to bring offshore financial transactions, and with the presence of Standard Chartered, the IFSC ecosystem of India will become more formidable now, said Tapan Ray, MD & Group CEO, GIFT City. "In addition, the announcements made in the recent Union Budget have provided the much needed impetus to take GIFT on a fast track mode. This would definitely incentivise more international financial intuitions to set up their base in GIFT City," he said. The recent Budget has laid a special ...