Page 3 - Gift City Ifsc

Cash-strapped IL&FS eyes Rs 480 crore from sale of two towers at Gift City

In a public notice Monday, IL&FS said it has put its two towers - Gift One and Gift Two - on the block and has invited expressions of interest from investors

Relief for GIFT City as Modi's election win allays relocation fears

A fourth of India-focused Singapore and Mauritius funds may potentially migrate to IFSC over time

Cabinet okays single regulator for international financial services centres

Need for a separate unified regulator arose after the existing regulators expressed concerns that transactions in GIFT City can have an impact on the domestic markets

GIFT City's IFSC bags 10th place in Global Financial Centres Index

Including GIFT City's IFSC, six of the top ten emerging centres are in Asia

Broking, insurance and banking transactions cross $4 bn at GIFT City's IFSC

With 13 more being approved by the special economic zone (SEZ) development commissioner, the number of units within the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) has risen to 103.Units within the finance SEZ of around 13 broking, IT, reinsurance and banking firms such as HDFC Bank Limited, Karvy Broking Ltd, Pabhudas Lilladher IFSC Pvt. Ltd, JM Global Wealth IFSC Pvt. Ltd, Softpulse Technology, Airan Global Pvt. Ltd, Lucent Innovation, and J.B. Boda Reinsurance Brokers Pvt. Ltd, among others have been approved. According to Ajay Pandey, MD & Group CEO, GIFT City, the IFSC at GIFT City now has 87 capital market units, 10 banks and six insurance companies. Of these, while banks have crossed transactions worth $3 billion through international banking units (IBUs) within the IFSC, insurance companies have touched $1 billion worth of sum insured while stock exchanges have seen single day trading of around $100 million."Two ...