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Ahmedabad: Gujarat International Finance-Tec City (GIFT City) has witnessed rapid growth in its fund management ecosystem over the past five years, with capital commitments rising sharply from less than $0.5 billion in March 2020 to $32.13 billion by Dec 2025, according to official data.Experts said the nearly six-fold increase reflects growing use of GIFT City for both India-focused and global investment strategies.The number of Fund Management Entities (FMEs) operating in the International Fin ...Read More >
Gandhinagar, April 8 (SocialNews.XYZ) Capital commitments to funds operating from Gujarat International Finance Tec-City (GIFT City) have climbed to USD 32.13 billion as of December 2025, rising nearly 60-fold from less than USD 0.5 billion in March 2020, in a sign of the rapid scaling up of India's offshore financial services hub. The expansion is mirrored in the growing number of participants. Fund Management Entities (FMEs) in the international financial centre have increased from eight in M ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Gujarat International Finance Tec-City (GIFT City), on Wednesday, told that its fund management ecosystem scaled sharply over five years, with capital commitments surging 60-fold from less than $0.5 billion in March 2020 to $32.13 billion as of December 2025. The number of Fund Management Entities (FMEs) operating in the International Financial Services Centre increased from 8 in March 2020 to 202 at present, representing a 25-fold growth. GIFT City-base ...Read More >
Ahmedabad: With a fast-rising presence of IFSC banking units (IBUs) in GIFT IFSC, the size of the banking assets has increased sevenfold in five years, according to data by GIFT City. The country's first International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City) saw banking assets crossing $106.7 billion as of Feb 2026, marking a sevenfold jump from $14 billion in Sep 2020.A key infrastructure boost came with the launch of the foreign currency settlement system ...Read More >
Synopsis: India's largest private bank is in focus today after RBI approved its group entities to together hold a maximum 9.5% stake in IndusInd Bank. This move is due to a regulatory requirement; let us see what more about this approval and what it stands for. This company, which is an Indian banking and financial services company headquartered in Mumbai. And India's largest private sector bank by assets and one of the world's largest bank by market capitalisation is in focus after RBI approve ...Read More >
Navi Mumbai, Oct 8 (PTI) Prime Minister Narendra Modi on Wednesday attacked the Congress party demanding it disclose to the nation who prevented India from mounting a military response following the 26/11 Mumbai terror attacks, which were linked to Pakistan. Speaking at a function after the opening of the first phase of the Navi Mumbai International Airport (NMIA), Mumbai metro's Aqua Line and other projects, he blamed the Congress-led UPA government (2004-14) for "weakening the fight against t ...Read More >
Mumbai, October 7: With an aim to boost international trade, investment, and ease of doing business, Finance Minister Nirmala Sitharaman on Tuesday unveiled foreign currency settlement system in GIFT City. Addressing the 'Global Fintech Fest 2025' here, Sitharaman said that "foreign currency settlement system to solve the problem of facilitating seamless transactions on real-time basis, enhance liquidity management, and ensuring compliance." IMC 2025 on October 8: PM Narendra Modi to Inaugurate ...Read More >
Mumbai, Oct 7 (SocialNews.XYZ) With an aim to boost international trade, investment, and ease of doing business, Finance Minister Nirmala Sitharaman on Tuesday unveiled foreign currency settlement system in GIFT City. Addressing the 'Global Fintech Fest 2025' here, Sitharaman said that "foreign currency settlement system to solve the problem of facilitating seamless transactions on real-time basis, enhance liquidity management, and ensuring compliance." She further informed that the FCSS will ...Read More >
Mumbai: Finance Minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system in GIFT IFSC, which will facilitate seamless transactions on real-time basis, enhance liquidity management, and ensure compliance.Currently foreign currency transactions usually get settled with a lag of 36 to 48 hours. Speaking at the Global Fintech Fest 2025, the finance minister said with the operationalisation of the foreign currency settlement system, GIFT City joins a select list of fina ...Read More >
Mumbai: Finance Minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system in GIFT IFSC, which will facilitate seamless transactions on real-time basis, enhance liquidity management, and ensure compliance. Currently foreign currency transactions usually get settled with a lag of 36 to 48 hours. Speaking at the Global Fintech Fest 2025, the finance minister said with the operationalisation of the foreign currency settlement system, GIFT City joins a select list of fin ...Read More >
Mumbai: Mumbai's long-awaited Metro Line 3, also known as the Aqua Line, is gearing up for its grand completion as Prime Minister Narendra Modi is set to inaugurate the final Worli-Cuffe Parade stretch on October 8. The milestone will make the entire 33.5-kilometre Colaba-Bandra-SEEPZ corridor fully operational, marking a transformative leap for South Mumbai's urban mobility network. Ahead of the inauguration, Mumbai Metro 3 released stunning inside visuals of the Science Centre Metro Station i ...Read More >
MUMBAI, Sept 30 (Reuters) - India's National Stock Exchange will offer a daily expiry on GIFT Nifty (.GIFc1), opens new tab contracts to foreign investors via a tax-neutral jurisdiction as it seeks to attract more global funds, diverging from domestic markets' tighter equity derivatives rules. GIFT Nifty is a dollar-denominated derivative contract of the Nifty 50 traded on NSE subsidiary, the NSE International Exchange (NSE IX) in Gujarat International Finance Tech (GIFT) City. In August, the c ...Read More >
Mumbai: Sunteck Realty has bought a nearly 3-acre plot in Dubai Downtown, part of the Burj Khalifa district, for developing a residential project under its ultra-luxury vertical Emmance. This is part of the Mumbai-based developer's plan to build about ₹20,000 crore worth of ultra-luxury homes over the next 12 months. While Dubai would mark Sunteck's entry into the international market, the other project under the newly-created vertical will be in South Mumbai. Sunteck has acquired a prime sea-f ...Read More >
Bank of Baroda has received approval from IFSCA to operate as a Trading-Cum-Clearing Member on the India International Bullion Exchange (IIBX) at GIFT City. This strategic move positions its International Banking Unit as a key hub for bullion trading, aiming to boost liquidity and efficiency in India's bullion market. Bank of Baroda on Friday said it has received an approval from the International Financial Services Centres Authority (IFSCA) to operate as a Trading-Cum-Clearing Member (TCM) on ...Read More >
Synopsis- India is home to some of the world's most prestigious educational institutions, the IITs and IIMs. However, only a few cities have the unique distinction of hosting both. This article explains those select cities, highlighting how they have become hubs of academic excellence, innovation, and career opportunities. When the best tech brains of India are assembled against the best business brains, then something extraordinary happens. IITs and IIMs co-exist in only four cities, creating ...Read More >
NEW DELHI, Sept. 15 (Xinhua) -- The India Meteorological Department (IMD) on Monday issued a red alert for very heavy to extremely heavy rains in India's financial hub Mumbai, said media reports. An online report by the Indian Express said heavy showers battered Mumbai for the second consecutive day on Monday, with the Colaba coastal observatory recording over 100 millimeters of rainfall between Sunday and Monday morning, triggering intense waterlogging and traffic snarls. Movement of trains w ...Read More >
Dimapur, Jul 18 (PTI) Two persons have died of Japanese Encephalitis (JE) in Nagaland, a health department official said on Friday. Chief Medical Officer, Dimapur, Dr Yartenla Jamir, said that of the seven JE cases detected in Dimapur, Chumoukedima, and Niuland districts, two persons have died so far. She expressed concern over the rise in Japanese encephalitis (JE) cases in the three districts, especially during the monsoon season, which increases the risk of transmission. The Health departm ...Read More >
Mumbai: Shiv Sena (UBT) chief Uddhav Thackeray has strongly criticised the opposition party, accusing them of undermining Mumbai's importance and shifting key industries to Gujarat. In a sharp statement, Thackeray said, "We are not speaking 'todne ki bhasha' but Mumbai is gradually losing its significance." While talking to the media, he mentioned, "Who took the industries and financial centres of Mumbai to Gujarat? These people. So, nobody can separate Mumbai from Maharashtra. Jo bhi karega hu ...Read More >
The World Pickleball League (WPBL) has announced Jio World Garden as the host venue for Season 2, which will be held in Mumbai from January 24 to February 8, 2026. Situated in the heart of Mumbai's financial hub, Bandra Kurla Complex, Jio World Garden is one of the city's premier event venues. It boasts world-class infrastructure and versatility, having hosted international artists such as Backstreet Boys, Bryan Adams, Slash, and Armin van Buuren, as well as Indian icons like Arijit Singh, AR R ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): The World Pickleball League (WPBL) on Friday announced Jio World Garden as the host venue for Season 2, set to take place in Mumbai from January 24 to February 8, 2026. Located in the heart of Mumbai's financial hub, Bandra Kurla Complex, Jio World Garden is one of Mumbai's premier event venues, known for its world-class infrastructure and versatility, having hosted international artists like Backstreet Boys, Bryan Adams, Slash and Armin van Buuren al ...Read More >
New Delhi, July 18 (SocialNews.XYZ) The All India Football Federation have congratulated Inter Kashi on being adjudged the I-League Champions following the decision by the Court of Arbitration for Sport (CAS). CAS has partially upheld an appeal by Inter Kashi Football Club (Inter Kashi FC) against Churchill Brothers FC Goa, Namdhari FC, Real Kashmir FC, and AIFF. CAS has ruled that the AIFF shall declare Inter Kashi FC as winners of the I-League 2024-25. After an unsuccessful first procedure i ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): The World Pickleball League (WPBL) on Friday announced Jio World Garden as the host venue for Season 2, set to take place in Mumbai from January 24 to February 8, 2026. Located in the heart of Mumbai financial hub, Bandra Kurla Complex, Jio World Garden is one of Mumbai premier event venues, known for its world-class infrastructure and versatility, having hosted international artists like Backstreet Boys, Bryan Adams, Slash and Armin van Buuren along ...Read More >
New Delhi: The government is set to exempt non-bank lenders registered with the International Financial Services Centres Authority (IFSCA) from the Companies Act provisions governing loans, guarantees, and investments made by companies. The ministry of corporate affairs said in an order that it has received a request from IFSCA for such an exemption to finance companies registered with it, which is aligned with similar exemption to non-bank lenders registered with the Reserve Bank of India (RBI ...Read More >
Forbes contributors publish independent expert analyses and insights. You're face-down on a heated jade bed, with a hint of Azorean lavender in the air, when it hits you: Your phone hasn't buzzed in 20 minutes. Above you, floor-to-ceiling windows frame the Four Seasons Hong Kong's infinity pool, its turquoise water merging with Victoria Harbour's glittering skyline. It's the kind of view that could make even the most type-A CEO exhale. This is the Ignae Digital Detox Retreat -- a 120-minute a ...Read More >
The Ministry of Development of Northeastern Region (MDoNER) will host the Northeast Trade and Investment Roadshow in Mumbai on December 16, 2024. Union Minister Jyotiraditya M. Scindia and Chief Ministers from Tripura and Meghalaya will address the event, showcasing investment opportunities across eight Northeastern states.The Ministry of Development of Northeastern Region (MDoNER) is set to host the Northeast Trade and Investment Roadshow in Mumbai on December 16, 2024. The event will be addre ...Read More >
New Delhi [India], December 15 (ANI): Ministry of Development of North Eastern Region is set to host the Northeast Trade and Investment Roadshow in Mumbai on Monday. The event will be addressed by Jyotiraditya M. Scindia, Union Minister for MDoNER, along with Tripura Chief Minister Manik Saha, Maeghalya Chief Minister Conrad Sangma. Chanchal Kumar, Secretary, MDoNER, and Monalisa Dash, Joint Secretary, MDoNER, will also attend, alongwith senior representatives from various northeast states. T ...Read More >
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