Page 4 - Gift City

IFSCA constitutes panel for development of sustainable finance hub

The International Financial Services Centres Authority (IFSCA) on Thursday set up an expert panel headed by former Enviornment and Forest Secretary C K Mishra to suggest a framework to develop a world-class sustainable finance hub at IFSC. India aspires to be a frontrunner in climate action, which is evident in its commitment towards its intended Nationally Determined Contributions under Paris Agreement, IFSCA said in a statement. "Raising financial resources for climate change adaptation and mitigation actions of this scale needs active participation of international investors. IFSCA envisions GIFT- IFSC as a global hub for sustainable finance thereby acting as a gateway for channelizing foreign capital into India," it said. In its endeavour to develop the required ecosystem, IFSCA has constituted a 10-member Expert Committee to recommend approach towards development of Sustainable Finance Hub and provide a road map for the same. As per the terms of reference, the panel would ...

IFSCA in process to set up International Arbitration Centre in GIFT IFSC

The International Financial Services Centres Authority (IFSCA) is in the process of setting up an International Arbitration Centre in the GIFT IFSC for speedy resolution of any dispute

GIFT City gains traction: Avendus fourth firm to get nod for setting up AIF

According to an industry official tracking developments at GIFT City, four other companies' applications are under are under consideration for setting up AIFs

GIFT City gets green certification from Indian Green Building Council

Gujarat International Finance Tec City (GIFT City) was awarded the green cities 'platinum' certification by CII's Indian Green Building Council (IGBC). GIFT City is India's first Greenfield Smart City to achieve the IGBC Green Cities Platinum rating, a release by the GIFT city said. Gift city officials said that till now buildings have received green certificates but this is the first entire city to get such ratings. IGBC recognises several initiatives adopted in the project which include integrated land use, compact city development, 35 per cent public green & open spaces, substantiate housing, transit-oriented development with BRTS, Metro rail connectivity, 100 per cent road network with streetscape and 100 per cent green buildings mandate in the city. "GIFT City's vision on smart urban development factors in sustainability, being an integral feature of the city with consideration for social, economic and environmental impact, Gift city MD and Group CEO Tapan Ray was quoted as ..

GIFT: Will takeover by Gujarat expedite work on Modi's utopian city?

Touted as India's offshore alternative to Singapore and Hong Kong, the IFSC, located in GIFT City, which is about a tenth of the size of Vatican City, offers many incentives to Indian businesses

GIFT City route to international equities promises greater security

Only sophisticated investors should take this route; most retail investors should stick to the mutual fund route for international investing

Deutsche Bank gets nod to set up IFSC banking unit at GIFT City

Deutsche Bank will set up its IFSC banking unit at India's first global financial centre in Gujarat. The bank has received approval from the GIFT SEZ Authority to set up an IFSC banking unit at India's first International Financial Services Centre (IFSC) at GIFT City, Gujarat, a release said on Thursday. The leading German bank with strong European roots has a global network across 59 countries. This will serve as a primer for renowned banks from other geographies to consider GIFT City a viable destination for international financial services, said Tapan Ray, MD & Group CEO, GIFT City. "Progressive banking regulations in GIFT IFSC provide new business opportunities in several areas for foreign banks such as FPI Business, Non-Deliverable Forwards (NDF), Aircraft leasing- financing, and upcoming framework to enable international bullion exchange operations from GIFT IFSC," he said. Deutsche Bank is among the largest international banks in India. It had set up its first branch in th

BSE proposes to launch trading in foreign stocks at GIFT City arm

Will provide access to 130 exchanges in 31 countries in America, Europe, Asia Pacific and Africa

NSE to go live with top 50 US stocks in first phase at GIFT City

At present, domestic investors can get exposure to foreign stocks through a broker who has a tie-up with an international broker

NSE to start trading in US stocks at Gift City, list of scrips not yet out

Domestic retail investors will be able to transact on the platform under LRS scheme prescribed by RBI which permits a resident individual to remit up to Rs 1.86 crore per year

Gift City, India Insurtech ink pact to promote fintech in insurance sector

Gift City, the country's first international financial services centre, said it has collaborated with the India InsurTech Association to promote financial technology in the insurance sector

Vman concludes first ever helicopter lease deal from GIFT City

Vman announced the leasing of an Airbus H125 helicopter to Thumby Aviation, a non scheduled operator which pioneered heli taxi service in Bengaluru.

Foreign funds at IFSCs may get benign tax treatment under VCC model

K P Krishnan committee report has made multiple suggestions for Indian VCC vehicles to compete with Singapore

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

PAN requirement will no longer apply to such investors

Finance Bill amendment eases Mauritius funds' path for India shift

Experts reckon up to 10 per cent of such funds could shift to the IFSC

New landscape in Old India: Building spree in the midst of familiar hassles

Even as the govt tries to scale up infrastructure, Centre-state squabbles, environmentalists' concerns, hassles over land acquisition and plain old project delays affect projects, writes T N Ninan

GIFT City's residential development gets boost from Gujarat govt

The Gujarat government has issued a resolution to also allow those not working within the country's first operational smart city to reside in the City.

NSE signs pact to set up international bullion exchange at GIFT City

An international bullion exchange, clearing corporation and depository will be set up

Four entities show interest to set up leasing shops in GIFT city

Besides, SpiceJet plans to lease seaplanes from India; Hindustan Aeronautics will explore channelising lease agreement--being discussed with Alliance Air for two Dornier aircraft--through IFSC

GIFT City: Modi's plan to make a Singapore in Gujarat has fallen flat

Investors aren't coming to India's new international financial center, built on a patch of wilderness in the PM's home state