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  • ‘Aircraft leasing at GIFT City can change the way India travels’ Jul 16, 2021 02:49 PM IST

    ‘Aircraft leasing at GIFT City can change the way India travels’

    Covid-19 a temporary setback as fundamentals remain intact and there is still a huge potential for growth in India's passenger as well as cargo traffic, aviation experts say

  • India on course to develop aircraft leasing domestically, helmed by IFSC Jul 14, 2021 04:23 PM IST

    India on course to develop aircraft leasing domestically, helmed by IFSC

    A local leasing ecosystem would benefit both airlines and aircraft lessors

  • Explained | India’s latest move to secure more international trade finance and why it’s crucial for exports Jul 13, 2021 03:14 PM IST

    Explained | India’s latest move to secure more international trade finance and why it’s crucial for exports

    Without much publicity, the government has made a major move to break out of the chronic cycle of low working capital that plagues Indian exporters. The proposed International Trade Finance Services platforms will be a major boost to exporters.

  • Sebi issues guidelines for off-market transfer of securities by FPIs to IFSC Jun 01, 2021 10:37 PM IST

    Sebi issues guidelines for off-market transfer of securities by FPIs to IFSC

    For relocation, a Foreign Portfolio Investor (FPI) or its wholly-owned special purpose vehicle may approach its Designated Depository Participants (DDP) for approval of a "one-time 'off-market' transfer of its securities to the 'resultant fund'.

  • The Indian market is ripe for SPACs Mar 18, 2021 09:14 AM IST

    The Indian market is ripe for SPACs

    GIFT City’s regulator IFSCA is considering the listing of Special Purpose Acquisition Companies (SPACs) on the exchange

  • Budget announcement on tax incentives to give traction to IFSC: FM Nirmala Sitharaman Feb 26, 2021 07:49 PM IST

    Budget announcement on tax incentives to give traction to IFSC: FM Nirmala Sitharaman

    Speaking at the India Aircraft Leasing Summit, Nirmala Sitharaman said the government has rapidly built on the International Financial Services Centre (IFSC) owing to its cost-effective feature.

  • GIFT City one step closer to becoming a global finance hub Feb 02, 2021 09:51 AM IST

    GIFT City one step closer to becoming a global finance hub

    The exchange will come into the limelight if it handles a few high-profile IPOs

  • Budget 2021 | SEBI assigned new responsibility as Gold Spot Exchange regulator Feb 01, 2021 05:38 PM IST

    Budget 2021 | SEBI assigned new responsibility as Gold Spot Exchange regulator

    In the budget of 2018-19, the government had announced its intent to establish a system of regulated gold exchanges in the country. For this purpose, SEBI will be notified as to the regulator. For warehousing purposes, the government has appointed Warehousing Development and Regulatory Authority as a regulator.

  • MCX keen to set up a bullion exchange at IFSC in Gujarat’s Gift City; regulator not as enthusiastic Oct 30, 2020 05:47 PM IST

    MCX keen to set up a bullion exchange at IFSC in Gujarat’s Gift City; regulator not as enthusiastic

    IFSCA, the newly appointed regulator, is looking at having a consortium set up a bullion exchange rather than permitting individual/multiple exchanges

  • SEBI comes out with guidelines for investment advisers in IFSC Sep 28, 2020 06:45 PM IST

    SEBI comes out with guidelines for investment advisers in IFSC

    An IA will ensure to conduct annual audit in respect of compliance with investment adviser regulations and these guidelines from a chartered accountant from a company secretary.

  • Can GIFT City be the next Hong Kong? Aug 11, 2020 10:14 AM IST

    Can GIFT City be the next Hong Kong?

    Thanks to the Indian penchant for red tape, GIFT City barely features among the top financial hubs in the country.

  • IFSCA constitutes panel for development of international retail business in IFSC Aug 03, 2020 06:25 PM IST

    IFSCA constitutes panel for development of international retail business in IFSC

    "The committees may also examine and recommend any other issues which are important though not specifically mentioned in the above terms of reference," it added.

  • Online transfer: What happens if you enter wrong IFSC code? Jul 18, 2020 01:15 PM IST

    Online transfer: What happens if you enter wrong IFSC code?

    It is mandatory to add the payee’s name while making an online fund transfer. Some banks match the beneficiary’s name as a precautionary measure to ensure fund transfer happens to the correct account, but it’s not mandatory for banks to do so, according to Reserve Bank of India (RBI)'s regulations.

  • IFSC bank units to report all OTC forex deals to CCIL platform from June 1: RBI May 19, 2020 05:00 PM IST

    IFSC bank units to report all OTC forex deals to CCIL platform from June 1: RBI

    The Reserve Bank has mandated that all OTC foreign exchange, interest rate and credit derivative transactions, both inter-bank and client, will be reported to CCIL's trade reporting platform, according to a notification.

  • Govt allows cos to list global depository receipts at IFSC Feb 16, 2020 01:33 PM IST

    Govt allows cos to list global depository receipts at IFSC

    The move would help companies in having another avenue for raising funds.

  • FPI rules 2.0: Disruption or innovation? You decide Oct 03, 2019 11:42 AM IST

    FPI rules 2.0: Disruption or innovation? You decide

    While most changes are welcome, they will have to be assessed in light of current fund structures

  • SEBI grants central counterparty status to clearing corporations operating in GIFT IFSC Jan 25, 2019 05:42 PM IST

    SEBI grants central counterparty status to clearing corporations operating in GIFT IFSC

    A QCCP member is subjected to lower capital requirements under the Basel-III framework introduced by the Basel Committee on Banking Supervision.

  • NSE hopeful of consolidating offshore business to GIFT city Jun 17, 2018 09:43 AM IST

    NSE hopeful of consolidating offshore business to GIFT city

    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.

  • Mumbai best place to set up IFSC, says Maharashtra CM Mar 23, 2018 10:25 PM IST

    Mumbai best place to set up IFSC, says Maharashtra CM

    Fadnavis made the statement in the Legislative Council after a Congress member pointed out that Union Finance Minister Arun Jaitley had ruled out setting up an IFSC in Maharashtra's capital.

  • NSE IFSC launches debt securities; lists IREDA's masala bonds Mar 16, 2018 05:48 PM IST

    NSE IFSC launches debt securities; lists IREDA's masala bonds

    Bond issue by Indian Renewable Energy Development Agency (IREDA) is the first debt security to be listed on the NSE IFSC and will offer high cost efficiency as well as enable issuers to access international investors.

  • Budget 2018: International fin services centres gets a separate regulator Feb 01, 2018 04:39 PM IST

    Budget 2018: International fin services centres gets a separate regulator

    In a push to Prime Minister Narendra Modi's 'dream project' - GIFT City - the Union Budget has proposed a unified regulator for the International Financial Services Centre in Gujarat.

  • Sebi allows multilateral entities to issue securities in IFSC Nov 15, 2017 01:56 PM IST

    Sebi allows multilateral entities to issue securities in IFSC

    India's only IFSC has been set up in GIFT City, Gujarat, to enable Indian entities to compete on an equal footing with offshore financial centres.

  • IFSC: Sebi says LES exemptions applicable to all products Sep 22, 2017 07:37 AM IST

    IFSC: Sebi says LES exemptions applicable to all products

    Among others, the incentives given by the bourses during a financial year should not exceed 25 per cent of the net profits or the free reserves of the stock exchange concerned.

  • Sebi eases financial reporting norms for bond issuers in IFSC Sep 01, 2017 04:10 PM IST

    Sebi eases financial reporting norms for bond issuers in IFSC

    Besides, such issuers have to obtain the credit ratings either from an agency registered with Sebi or from any other agency registered in a Financial Action Task Force (FATF) member jurisdiction.

  • Bonds issued outside can get listed on IFSC exchanges: Sebi Aug 31, 2017 08:02 PM IST

    Bonds issued outside can get listed on IFSC exchanges: Sebi

    Earlier, Sebi's IFSC guidelines provided that the debt securities listed in stock exchanges should be traded on the platform of the stock exchange and such trades should be cleared and settled through clearing corporation set up in the IFSC.

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