GIFT City and GIFT IFSC: insights and updates
SEBI approves 100% NRI & OCI participation in FPIs in IFSC GIFT City
OVERVIEW: The Securities & Exchange Board of India (SEBI) has made a significant decision to allow Foreign Portfolio Investors (FPIs) based in the IFSC at GIFT City to accept up to 100% contributions from Non-Resident…
Read insight →GIFT City Outshines and becomes a Prime Choice for FPIs
OVERVIEW: GIFT City (Gujarat International Finance Tec-City), India's pioneering International Financial Services Centre (IFSC), is quickly emerging as the top destination for foreign portfolio investors (FPIs). FPIs…
Read insight →Leading Banks set up GIFT City play buy stakes in CCIL IFSC
OVERVIEW: In a strategic move to expand its foothold within the Gujarat International Finance Tec City (GIFT City), the State Bank of India (SBI) has finalized the acquisition of a 6.125% stake in Clearing Corporation…
Read insight →SBI becomes trading-clearing member of IIBX
OVERVIEW: State Bank of India (SBI) has made history by becoming the first bank to join the India International Bullion Exchange (IIBX) as a Trading cum Clearing (TCM) Member. SBI's IFSC Banking Unit (IBU) can now trade
Read insight →Foreign Funds can issue P-notes to investors in GIFT City
OVERVIEW: Foreign funds registered with India's markets regulator and with operations at GIFT City can now issue participatory notes. Previously, only banks registered with GIFT City could issue P-note. Now, foreign…
Read insight →Internet Banking Services of IFSC Banking Units in GIFT City
OVERVIEW: International Financial Services Centres Authority (IFSCA) has taken a significant stride towards enhancing banking services within International Financial Services Centres (IFSCs). With its recent circular…
Read insight →Import of Gold and Silver by Indian Banks through IIBX
Import of Gold and Silver by Indian Bank through IIBX OVERVIEW: In a recent move for the import process of gold and silver into India, the International Financial Service Centres Authority (IFSCA) issued a circular on…
Read insight →Adani invests Rs.1,689 Cr for Ship Leasing Business in IFSC GIFT City
OVERVIEW: Adani Ports and Special Economic Zone Ltd (APSEZ) has proposed a significant investment of Rs.1,689 crore for the establishment of Poseidon Leasing IFSC Ltd, a step down subsidiary company, to operate within…
Read insight →Simplifying the Launching of Scheme or Funds in IFSC, GIFT City
Simplifying the Launching of Schemes or Funds in IFSC, GIFT City OVERVIEW: The International Financial Services Centres Authority (IFSCA) has taken significant steps to simplify Scheme/Fund launches for the fund…
Read insight →Allianz Partners Launches Operation at IFSC, GIFT City
Allianz Partners Launches Operations at IFSC, GIFT City OVERVIEW: France based Allianz Partners announced the launch of its IFSC Insurance Office (IIO Reinsurance Branch) in International Financial Services Centre…
Read insight →Foreign Brokers allowed to operate remotely in IFSC, GIFT City
OVERVIEW- The International Financial Services Centres Authority (IFSCA) has recently issued a significant circular regarding Remote Trading Participants (RTP) on Stock Exchanges within the International Financial…
Read insight →ADB approves $23 million loan to boost GIFT City
OVERVIEW- The Asian Development Bank (ADB) has sanctioned a USD 23 million loan with the Gujrat International Finance Tec-City (GIFT) in India. - According to ADB, Gujarat International Finance Tec-City (GIFT), a…
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