Why investors are ready to play in global equity leagueIndian investors are increasingly looking overseas as global markets outperform domestic equities, driven by themes like AI. While internat...
GIFT City showcases India’s scale, growth opportunities to global investors: SitharamanUnion Finance Minister Nirmala Sitharaman reviewed GIFT City in Gandhinagar. She noted its significant progress and strategic role in India...
Central Bank of India to open 150 branches, recruit about 1,400 officers in FY27: MDCentral Bank of India is planning a major nationwide expansion with the opening of 150 new branches across India. To support its growth str...
Central Bank to launch GIFT city branch next month: MDCentral Bank of India is set to launch its IFSC Banking Unit at GIFT City next month with an aim to expand its international banking operat...
Akasa Air establishes aircraft leasing unit at GIFT City, boosting India's aviation finance hubAkasa Air has set up an aircraft leasing unit at Gujarat International Finance Tec-City. This move supports fleet expansion and aims to kee...
GIFT City vs Dubai vs Singapore: What you need to know while choosing your investment hubIndian wealth is increasingly seeking global anchors, with GIFT City, Dubai's DIFC and Singapore emerging as key contenders. Each hub offer...
From FAANG to BATMMAAN: the new acronym driving global tech investing, says Niteen DongareGlobal investors are shifting focus from FAANG and Magnificent 7 to broader innovation, embracing the BATMMAAN acronym for AI, semiconducto...
Indian ports turning into logistics and industrial hubs, shipping secretary tells investors in SingaporeIndia's ports are becoming major logistics hubs. Cargo capacity has doubled and will reach 3,500 million tonnes per annum by 2030. The nati...
Buying property costing between Rs 20 lakh and Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax DepartmentThe Income Tax Department has introduced a new Form 97, replacing Form 60, for individuals without a PAN card undertaking specific transact...
Select payments to units in IFSC exempted from TDSThe Centre on Friday notified 14 categories of payments made by any payer to IFSC units on which no TDS is required. This exemption was so ...
Budget 2024: Sitharaman proposes to extend tax exemption to GIFT unitsFinance Minister Nirmala Sitharaman has prolonged tax benefits on income from International Financial Services Centre (IFSC) units, origina...
Govt paves way for IFSC units to issue P-notes to foreign investorsFinance Minister Nirmala Sitharaman in her Budget speech on Wednesday recognised "offshore derivative instruments (ODIs) as valid contracts...
Budget should streamline IFSC rules to attract more financial services playersEven though such business income is covered under 100% deduction for the GIFT IFSC units, any payment made to such GIFT IFSC units are subj...
FPIs may book a ticket to GIFT CityThe government has proposed a 10-year tax holiday on 100 per cent of the profit for business units in the IFSC.
In a first, YES Bank to sell $300 million bonds through IFSC unitThis is the first overseas debt sale by a domestic issuer from the IFSC at the Gift City in Ahmedabad.
IDBI Bank first state-run bank to open branch at IFSCIDBI Bank today became the first state-run lender to open an international banking unit (IBU) at the International Financial Services Centr...
Budget 2016: Bigger tax breaks are essential to kick-start IFSC operationsThe industry expects the government to announce the tax structure that will bring more clarity for an IFSC in the upcoming Union Budget.