NIIF invests $200 million in Ibus to boost digital infrastructure in IndiaIbus will be deploying the funds to scale operations in an organic way by expanding its capacities and for inorganic growth, according to a...
10 Apr, 2024, 04.13 PM IST
GIFT City bankers may follow global schedule, enjoy five-day work weekThe working group said in its recommendations that a five-day work week will align with practices adopted in international financial centre...
09 Apr, 2024, 12.36 AM IST
NIIF to acquire Morgan Stanley-backed in-building connectivity firm iBus for Rs 1600 croreNIIF is set to acquire a majority stake of 55-60% in iBus Networks, a leading provider of in-building wireless solutions in India, for Rs 1...
22 Feb, 2024, 03.59 PM IST
Banks set to pilot dollar clearing and settlement at IFSCOver the next few months, Wall Street banking biggie JP Morgan, along with several other financial institutions, will carry out a pilot pro...
20 Mar, 2023, 07.15 AM IST
Collapse of Silicon Valley Bank: An opportunity for IFSC, GIFT City?IFSC, GIFT City, which houses many private and public sector banks, global MNC banks, have been in operation for a long time now
15 Mar, 2023, 08.52 PM IST
Nomura invests Rs 125 crore in telecom company iBusThe funding will also help expand the iBus Group's presence globally through its subsidiaries in Singapore, Dubai and the US, the company s...
06 Sep, 2022, 12.28 AM IST
Morgan Stanley-backed iBus Networks acquires Ubico Networks for Rs 100 croreWith this acquisition, iBus will become one of the largest neutral in-building and in-campus network coverage providers.
20 Apr, 2021, 06.00 AM IST
Morgan Stanley India Infrastructure acquires stake in iBus for Rs 150 croreiBus offers in-building wireless solutions (IBS), outdoor small cells and other last-mile connectivity solutions to mobile operators to ena...
09 Apr, 2021, 07.30 PM IST
IFSCA approves draft banking regulationsThe regulations, to be notified by the government soon, will enable the International Financial Services Centres Authority (IFSCA) to lay d...
11 Nov, 2020, 09.11 PM IST
IFSC bank units to report all OTC forex deals to CCIL platform from June 1: RBIThe Reserve Bank has mandated that all OTC foreign exchange, interest rate and credit derivative transactions, both inter-bank and client, ...
19 May, 2020, 04.46 PM IST
RBI allows banks to trade in offshore rupee derivative marketIn the past, experts have expressed concern about the NDF market - till now inaccessible to Indian banks - as among the measures which driv...
27 Mar, 2020, 12.18 PM IST
IFSC banking units can open foreign currency current accountsThe RBI further said it will not prescribe any limit for raising short-term liabilities from banks. "However, the IBUs must maintain LCR (L...
23 Dec, 2019, 10.37 PM IST
RBI tweaks norms for setting up of IFSC Banking UnitsIn April 2015, the Reserve Bank had formulated a scheme for setting up of International Financial Services Centres (IFSC) Banking Units (IB...
17 May, 2018, 07.50 PM IST
iBus Networks and Infrastructure raises Series A funding of Rs 15 croreiBus networks & infrastructure, a provider of connectivity solutions inside buildings, has raised a Series 'A' funding of Rs 15 crore from ...
12 Jan, 2016, 07.17 PM IST
Banks can't deal in cash at IFSC: RBIRBI had issued relaxed norms for setting banking up units in the IFSC by relaxing the mandatory reserve requirements for domestic and forei...
10 Apr, 2015, 11.09 PM IST
IBUs to be treated as foreign branches of Indian banksThe parent bank would be required to provide a minimum of $20 million upfront as capital, and the IBU shall have to maintain minimum capita...
01 Mar, 2015, 10.09 PM IST
- Infosys restructures organisational structure
The company has reorganised its business units to anticipate changes in the global IT industry and differentiate vis-a-vis its competitors....
27 Oct, 2007, 11.10 AM IST