This is the first residential project in Gujarat International Finance Tec-City (GIFT City), a global financial and technology hub, the Bengaluru-based company said.
It is only when financial activity crosses a certain threshold can one expect talent to settle in this new centre. It will be this talent that will drive future activity and make it a virtuous circle of financial development.
In a public notice July 16, IL&FS said it has put its two towers--Gift One and Gift Two--having a developable area of around 6 lakh sqft on the block and has invited expressions of interest from investors.
The Securities and Exchange Board of India (Sebi) said the contracts would be cash-settled on the settlement price determined on overseas exchanges.
Both the exchanges have jointly proposed to their regulators a possibility of using the NSE–International Financial Services Centre-SGX connect model as the way forward.
In an interaction with Moneycontrol, Balasubramanianian spoke about the achievements of the exchange.
NSE is hopeful of consolidating trading volume at its subsidiary NSE IFSC Exchange in Gujarat's GIFT City in the long term even as it awaits the outcome of offshore derivative tussle with the Singapore Exchange.
On the residential side, about Rs 2,000 crore worth of investment expected. As many as 350 affordable units to be handed over in the first week of May
Around 136 units are already present in the IFSC and employ 8,000 people at present.
NSE IFSC Ltd, the global exchange promoted by National Stock Exchange, will remain operational for a longer period than NSE during a trading day.
Largely an end-user driven market, Ahmedabad in the recent times has been clocking in demand from prospective home buyers, mostly in the affordable category. However, the popularity of certain localities over the others show R
The BSE International Exchange, which is at GIFT City in Gandhinagar, will start with these companies: Tata Motors, Axis Bank, ICICI Bank, HDFC Bank, L&T, Infosys, Tata Consultancy Services, State Bank of India, Maruti Suzuki and Reliance Industries. Futures and options of these companies are already trading on the Dubai Gold and Commodity Exchange (DGCX).
Kerala-based Federal Bank has crossed USD 200 million in total business at its IFSC Banking Unit (IBU) in Gift City, Gujarat, the bank said here today.
RBI has permitted domestic public and private sector banks to open an IFSC banking units (IBU) at GIFT City to undertake foreign exchange transactions with resident and non-resident entities other than individuals.
Mid-sized private sector lender Yes Bank today said its the balance sheet of its international banking unit (IBU) in the GIFT City has crossed the USD 1 billion mark in the past financial year.
GIFT City is likely to help attract trillions of dollars of investment into India, says top exchange BSE's CEO Ashish Chauhan who envisions Hong Kong like model for India's first global financial services centre.
"Yes we are planning to open an international finance branch at GIFT City," Sharma said when asked about the bank's plan regarding the GIFT City.
The Securities and Exchange Board of India’s Risk Management Review Committee (RMRC) on Tuesday discussed the framework for allowing equity, commodities and currency products at the International Finance Services Centre (IFSC) in GIFT City, Gandhinagar.
Pointing out that his government has already appointed a master planner to design the International Financial Services Centre (IFSC) in Mumbai, Maharashtra chief minister Devendra Fadnavis, on March 21, 2017, said that the project R
The Securities and Exchange Board of India-appointed Commodity Derivative Advisory Committee feels a detailed study is needed before approving commodity derivatives trading in the Gift City, sources told Moneycontrol.
In an interview to Moneycontrol, Arjun Ram Meghwal, Union Minister of State for Finance and Corporate Affairs, said that the time had come for the Indian market to be a price setter.
Premier stock exchange BSE's IPO pricing is "fair" and is based on robust feed back from institutional investors, according to investment bankers.
India International Exchange, the wholly-owned subsidiary of Asia's oldest bourse BSE, today officially commenced trading at Gujarat International Finance Tech (GIFT) city.
International exchange can take Indian financial sector to a different level provided government laws are consistent and in line with global norms
Prime Minister Narendra Modi today inaugurated India's first international exchange -- India INX -- at the International Financial Service Centre (IFSC) of GIFT City here, saying it will enable Indian firms to compete on equal footing with offshore firms.