Stay updated with the latest gift-city news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on gift-city topics.
)
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: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved Jaipur Metro Phase-2, a transformative 41 km long North-South corridor from Prahladpura to Todi Mod, comprising 36 stations, at a total project cost of INR 13,037.66 crore. According to a statement from the Cabinet, the project will be implemented by Rajasthan Metro Rail Corporation Limited (RMRCL), a 50:50 joint venture of the Government of India and the Government of Rajasthan. The Phase-2 corridor wi ...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 >
Gandhinagar, April 08: GIFT City's fund management ecosystem has witnessed a sharp scale-up over the past five years, with capital commitments rising from less than $0.5 billion in March 2020 to $32.13 billion as of December 2025, marking an approximately 60-fold increase. The growth reflects accelerating adoption of GIFT City as a platform for structuring both India-focused and global investment strategies. ...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 >
Gandhinagar (Gujarat) [India], April 2 (ANI): GIFT City's insurance and reinsurance ecosystem has witnessed rapid expansion, with premium volumes growing from USD 102 million in 2020 to over USD 1.2 billion by 2025, marking an over 11-fold increase in the past five years and signalling a strong scale-up of India-linked risk underwriting within the International Financial Services Centre (IFSC). According to GIFT city press release, "The growth in premiums has been supported by a steady increase ...Read More >
Gandhinagar (Gujarat) [India], April 2 (ANI): GIFT City's insurance and reinsurance ecosystem has witnessed rapid expansion, with premium volumes growing from USD 102 million in 2020 to over USD 1.2 billion by 2025, marking an over 11-fold increase in the past five years and signalling a strong scale-up of India-linked risk underwriting within the International Financial Services Centre (IFSC). According to GIFT city press release, "The growth in premiums has been supported by a steady increase ...Read More >
Mumbai: JC Flowers & Co. has agreed to acquire a controlling stake in Niyam Group and anchor capital for its newly launched Lloyd's Syndicate 2047, to tap India's fast-growing reinsurance market and capture business shifting onshore. The platform, based out of GIFT City, will begin underwriting from April 1 and is aimed at channeling global capital into India and other high-growth markets. The investment comes as global insurers deepen their presence in India, drawn by low insurance penetration ...Read More >
Mumbai: XED Executive Development, which was set to become the first company from GIFT City's IFSC to tap the public markets, said it has decided to pull back its initial public offering, citing cautious mood among investors. "The company decided to withdraw the public issue in the current environment and hopes to tap the market at an appropriate time in the future," the company said in a release XED said although retail investors showed strong interest, many were unable to complete their appl ...Read More >
Lucknow: Efforts to strengthen child nutrition services and generate local employment are set to get a push as chief minister Yogi Adityanath will launch several programmes related to child development and nutrition at Lok Bhavan on Monday.Director, child development and nutrition, Sarneet Kaur Broca, said that growth monitoring devices such as stadiometers, infantometers and weighing scales would be distributed to improve tracking of children's health."Across the state, over 1.33 lakh stadiomet ...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 >
Gandhinagar (Gujarat) [India], March 30 (ANI): Banking assets at GIFT City's International Financial Services Centre (IFSC) have crossed USD 106.7 billion as of February 2026, marking a more than seven-fold increase from USD 14 billion in September 2020, underscoring the rapid scale-up of India's offshore banking ecosystem, according to a statement released by GIFT city. The growth has been supported by a robust and expanding banking base, with 37 banks operating in GIFT IFSC, including 20 fore ...Read More >
Gandhinagar (Gujarat) [India], March 30 (ANI): Banking assets at GIFT City's International Financial Services Centre (IFSC) have crossed USD 106.7 billion as of February 2026, marking a more than seven-fold increase from USD 14 billion in September 2020, underscoring the rapid scale-up of India's offshore banking ecosystem, according to a statement released by GIFT city. The growth has been supported by a robust and expanding banking base, with 37 banks operating in GIFT IFSC, including 20 fore ...Read More >
The Union Cabinet on Tuesday approved a series of major infrastructure and policy decisions, including investments in railways, urban transport, and aviation, with a total financial outlay of Rs 12,236 crore. Union Minister Ashwini Vaishnaw said the Cabinet cleared the doubling of the Gondia-Jabalpur rail line at an estimated cost of Rs 5,236 crore. It also approved the 3rd and 4th rail line project between Punarkh and Kiul, with an investment of Rs 2,668 crore, and the construction of the 3rd ...Read More >
Ahmedabad: The Detection of Crime Branch (DCB) on Wednesday registered a complaint alleging large-scale cheating and breach of trust in a proposed housing project in Chharodi village, where 95 buyers were allegedly duped of around Rs 35 crore by developers and their associates.The complainant alleged that the developers launched the scheme without RERA registration or NA permission, collected money, and later disposed of the land. The complaint was filed on Dec 17 by a 35-year-old software engin ...Read More >
Gandhinagar (Gujarat) [India], November 10 (ANI): GIFT City, India's first operational smart city and International Financial Services Centre (IFSC), and a project of national importance has announced that Bastian Hospitality, one of India's leading premium food and beverage (F&B) groups, is entering Gujarat with a flagship dining and lifestyle destination at GIFT City's Central Park. The upcoming venue, Bastian Republic, will operate the food zone spread across one lakh sq. ft. at Central Park ...Read More >
Chandigarh (Haryana) [India], October 16 (ANI): In a heartfelt tribute, both daughters of Haryana-cadre IPS officer Y. Puran Kumar performed the 'mukhagni' to his mortal remains during his last rites at the Sector 25 crematorium. The solemn ceremony was attended by Haryana DGP OP Singh, along with other dignitaries, honouring the legacy of the esteemed officer. Puran Kumar allegedly shot himself at his residence in Chandigarh on October 7. In the 'final note' he left behind, he accused eight ...Read More >
Ahmedabad: The Commonwealth Sport Executive Board on Wednesday recommended Ahmedabad as the host city for the 2030 Centenary Commonwealth Games, with a final decision to be made at the General Assembly in Glasgow in Nov next year. The decision follows a rigorous evaluation of infrastructure, athlete experience and governance. Ahmedabad has been steadily building its case as India's next global sports capital.The Rs 6,000-crore Sardar Vallabhbhai Patel Sports Enclave -- with the Narendra Modi Sta ...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, 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 >
New Delhi [India], September 29 (ANI): The Indian Institute of Foreign Trade (IIFT) inaugurated the International Trade Negotiations Program for officials of the Department of Commerce (DOC) today. Organised by IIFT's Centre for International Negotiations (CIN), the program is designed to strengthen the negotiation skills of government officials and bolster India's global trade engagement, the Ministry of Commerce and Industry said. Commerce Secretary, Sunil Barthwal, graced the occasion as Chi ...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 >
Standard Chartered Bank, along with Clearing Corporation of India Ltd (CCIL) and International Financial Services Centre Authority (IFSCA) is set to open the dollar clearing facility in GIFT city on October 7, according P.D. Singh, chief executive officer (CEO) "The entire dollar clearing that is happening in Gift City right now will move to this platform and every bank that is there, foreign and Indian bank, will become a member of this dollar clearing. I think we have a large number of the ba ...Read More >
MUMBAI: Standard Chartered India CEO P D Singh sees the India-Middle East trade corridor as a promising one for adoption of rupee invoicing, even though it's a gradual shift. "It is picking up in Middle Eastern corridors and could expand in future, much like how Chinese yuan invoicing became common in solar equipment trade," he said, adding that the move was steady but not yet large-scale.Govt and RBI have been working on internationalisation of the rupee to protect forex reserves and ensure ene ...Read More >
Dev Accelerator's IPO witnessed strong retail investor interest, subscribing over 48 times on the second day, despite valuation concerns. SBI Securities estimates a high FY25 P/E multiple of 310.10, significantly above peers. While SBI Securities suggests caution, Anand Rathi recommends subscribing, citing the company's expanded services and long-term potential. Flexible workspace solutions company Dev Accelerator has received a strong response from retail investors with the quota getting subsc ...Read More >
New Delhi, Sep 12 (PTI) The initial public offer of Dev Accelerator Ltd received 63.97 times subscription on the final day of bidding on Friday. The three-day IPO got bids for 84,10,19,175 shares against 1,31,47,075 shares on offer, according to NSE data. Retail Individual Investors (RIIs) part garnered 164.72 times subscription. The category for non-institutional investors received 87.97 times subscription, while the Qualified Institutional Buyers (QIBs) quota got subscribed 20.30 times. Dev ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.