Indian investors are increasingly looking overseas as global markets outperform domestic equities, driven by themes like AI. While internat...

Union Finance Minister Nirmala Sitharaman reviewed GIFT City in Gandhinagar. She noted its significant progress and strategic role in India...

Central 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 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 has set up an aircraft leasing unit at Gujarat International Finance Tec-City. This move supports fleet expansion and aims to kee...

Indian wealth is increasingly seeking global anchors, with GIFT City, Dubai's DIFC and Singapore emerging as key contenders. Each hub offer...

Global investors are shifting focus from FAANG and Magnificent 7 to broader innovation, embracing the BATMMAAN acronym for AI, semiconducto...

India's ports are becoming major logistics hubs. Cargo capacity has doubled and will reach 3,500 million tonnes per annum by 2030. The nati...

The Income Tax Department has introduced a new Form 97, replacing Form 60, for individuals without a PAN card undertaking specific transact...

The 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 ...

Finance Minister Nirmala Sitharaman has prolonged tax benefits on income from International Financial Services Centre (IFSC) units, origina...

Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday recognised "offshore derivative instruments (ODIs) as valid contracts...

Even though such business income is covered under 100% deduction for the GIFT IFSC units, any payment made to such GIFT IFSC units are subj...

The government has proposed a 10-year tax holiday on 100 per cent of the profit for business units in the IFSC.

This is the first overseas debt sale by a domestic issuer from the IFSC at the Gift City in Ahmedabad.

IDBI Bank today became the first state-run lender to open an international banking unit (IBU) at the International Financial Services Centr...

The industry expects the government to announce the tax structure that will bring more clarity for an IFSC in the upcoming Union Budget.