Page 6 - Gift City

Airlines may ground 68% planes amid coronavirus outbreak, says govt

The firms currently have 633 aircraft and the government said they would operate only 200 of these

Tyagi and beyond: Tricky areas Sebi chief, successor will have to deal with

One of Sebi's key objectives is to protect investor interest and market integrity.

FPIs trading in rupee bonds face anomaly in tax concessions at GIFT City

Would increase compliance burden for tax payment

Rupee futures in Gift City IFSC: Sebi caps position limit at $1 bn

Offshore market or overseas heading in rupee exchange rate market has grown bigger than domestic market, which was worrying the central bank

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

Rupee-dollar derivatives set to enter stock exchanges in GIFT City IFSC

At present, cross-currency trades are permitted on the International Exchange (INX) floated by the BSE and NSE IFSC exchange situated in GIFT City IFSC

After SGX, NSE plans to tie-up with more international bourses at GIFT City

SGX is a popular destination for Nifty products

India International Exchange plans to waive fee to lure rupee trade home

Rupee trading onshore has been shrinking at the expense of offshore market, with volumes in London topping those in India's financial capital Mumbai

Category III AIFs may turn to GIFT to move past surcharge hurdle

Category III AIFs registered as FPIs in GIFT will still have to pay tax at 30 per cent on derivatives gains

NSE, SGX receive Sebi, MAS approval for creating trade link at Gift City

New arrangement may become operational by end-2020 after Finance Ministry nod

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

Axis Trustee becomes first trustee to start operations in GIFT IFSC

Axis Trustee will provide facility agency services to IFSC banking units for their ECB transactions and trusteeship services to alternate investment funds

Foreign retail investors, NRIs allowed to invest in GIFT City bourses

IFSC business set to multiply with these investments: Experts

Exotic derivatives can make GIFT a viable global financial hub

Experts say it is about time RBI lift the ban on such derivatives but there aren't enough natural safeguards if the deals are misused by writers and marketers of the contractors

GIFT City players may adopt 'wait and watch' approach before 2019 polls

Trading at IFSC has seen a gradual pick-up following easing of regulations

Mauritius, Singapore funds likely to shift to GIFT City after Sebi norms

The new framework will allow Indian managers to directly sponsor and manage offshore AIFs set up at IFSC

GIFT City asks new board of debt-laden IL&FS to replace nominees

On the 13-member board of directors at the GIFT City company, where Sudhir Mankad is chairman, there were three from IL&FS - Hari Sankaran, K Ramchand and Arun K Saha

A rejoinder to a Skoch advertorial on GIFT City

D C Anjaria, a former independent director of GIFTCL says his public interest litigation (PIL) was not filed against the Gujarat state government, but against the firm and its' chairman among others

Brokerages seek tax exemption enjoyed by foreign funds in Gujarat's GIFT

The National Stock Exchange of India Ltd. is trying to woo foreign investors to trade at venues in Gujarat's Gift City after a fight with Singapore Exchange Ltd