Page 2 - Gift City

Can India's new finance hub in Gujarat become the next Singapore or Dubai?

Gujarat International Finance ­Tec-­City, more commonly known as GIFT City, occupies 886 acres between Gujarat's capital, Gandhinagar, and Ahmedabad, its biggest city

ICICI Bank launches dollar bond, deposit-linked loan for NRIs at GIFT City

Lender claims to be the first to offer these products in GIFT City

Global entities, fund managers keen to invest in India: IFSCA Chairman

Global entities and fund managers are keen to invest in India, Chairman of the International Financial Services Centres Authority (IFSCA) Injeti Srinivas has said, underlining the need to create a platform that intermediates global capital flows into the domestic economy. Srinivas is leading a delegation of senior officials from the International Financial Services Centre (IFSC) at GIFT City (Gujarat International Finance Tec-City), are currently in the US for meetings and roundtable discussions with American and global investors, banking and educational institutions for business opportunities. The delegation is on a visit to New York and Washington. "We had meetings with fund managers. They are all very keen to invest in India, Srinivas told PTI on Wednesday in an exclusive interview. He said the groups are happy to learn about various facilities available, apart from the regulatory comfort and overall financial ecosystem at GIFT. They were excited about the cooperation prospects

How does Andrew Holland see markets play out in Samvat 2079?

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies spoke to Business Standard's Puneet Wadhwa on the opportunities and pitfalls investors should be mindful of in Samvat 2079

What is wet and dry lease of aircrafts?

Through the Gift City special zone in Ahmedabad, India is trying to become a global hub for aircraft leasing. But why do most airlines prefer leasing aircraft rather than buying them? Let's find out

Goyal urges small businesses to look at dual listing by tapping Gift City

Commerce and Industry Minister Piyush Goyal on Monday urged small businesses to consider dual listing to widen their capital raising options. The minister said small companies have the option to list on the main bourses' SME platforms and also on the Gift City in Gandhinagar. Speaking at an event to mark the 400th listing on the BSE's SME platform, he said there is a need to tap into more sources of capital as that can give a fillip to the small business sector. Possibly you can look at the International Financial Services Centre at the Gift City. We also need to see whether we can encourage some of these companies to explore getting listed through the Gift City platform or a dual listing between Mumbai and the Gift City, he said, adding the same option can also be explored by companies looking at overseas listing. Dual listing will help tap into domestic capital and also the international funds which have set shop or are in the process of doing so at the Gift City, he said. It wo

GIFT city-based lessors likely to lease out 60-odd aircraft by March 2023

The 11 aircraft leased out of GIFT City to date include helicopters, regional aircraft, trainer aircraft and private jets

Aircraft leasing at GIFT city won't flourish unless banks step up: Vistara

Indian banks underwent immense pain in the past decade because of the Indian aviation sector

FSDC discusses ways to ease inter-regulatory issues at IFSC-GIFT City

Council held meeting in Mumbai on Thursday, chaired by Union Finance Minister Sitharaman

Gujarat: Japanese lender MUFG Bank commences operations from GIFT City

Japanese lender MUFG Bank on Wednesday announced the beginning of operations from Gujarat International Finance Tec-City (GIFT City) in India. Earlier in May, MUFG had received approval from the International Financial Services Centres Authority in India and the Financial Services Agency of Japan for the opening of this branch office in Gujarat. MUFG opened its first branch in 1953 in Mumbai and with the latest one at GIFT City, its total number of branches reached six. The other centres are New Delhi, Chennai, Bengaluru and Neemrana. Going forward, the bank will strive to further leverage its enhanced office footprint to provide an even more extensive and enriched suite of financial services to meet the diverse needs of its customers, MUFG said in a release. Stating that India's growth story is phenomenal, Shashank Joshi, Deputy CEO of India, expressed gratitude on being recognised by Prime Minister Narendra Modi as the first Japanese bank to open a branch in GIFT City. "We are f

TMS Ep229: 5G auction, IIBX GIFT City, markets, twin balance sheet problem

Is the telecom sector staring at disruption after 5G auction? How will the IIBX at GIFT City benefit India? Which sectors are on FPIs' radar? What is the twin balance sheet problem? All answers here

How will the IIBX at GIFT City benefit India?

On July 29, PM Modi launched India's first bullion exchange at Gujarat's GIFT City. Experts believe it will usher in transparency in the gold's price-setting mechanism. Here is more about the exchange

IIBX at GIFT City: A potential gold standard for the bullion trade

IIBX has the potential to ease the hassle involved in importing precious metals

What is NSE IFSC-SGX Connect, how it will work? Here's all you need to know

NSE IFSC-SGX Connect is a collaboration between the NSE and the Singapore Exchange (SGX) to bring global investors to India

India now in league of nations that shape global financial trends: PM Modi

Modi launches India's first international bullion exchange in Gujarat

Live news updates: SC dismisses review plea against OROP judgement

Live news updates: A bench comprising Justices D Y Chandrachud, Surya Kant, and Vikram Nath said there was no merit in the review petition

First global gold exchange in India aims to create regional bullion hub

The India International Bullion Exchange is expected to attract dealers, refineries and foreign banks, Chief Executive Officer Ashok Gautam said

PM Modi to inaugurate much-awaited NSE-SGX Gift Connect on Friday

GIFT City recently signed a letter of intent (LoI) with the University of Wollongong (UOW) for establishing a location for teaching, research and industry engagement

Explained: How will India's International Bullion Exchange (IIBX) work

India's International Bullion Exchange (IIBX) will be open for jewellers with a net worth of Rs 25 crore and above to participate

PM Modi to inaugurate regional centre of New Development Bank on July 29

The New Development Bank's regional office in GIFT City will identify projects with strong development impact