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Banks push for Yuan trade in GIFT City as India-China ties warm upIndia's GIFT City is considering allowing banks to transact in offshore renminbi. This move follows a suggestion from banks to broaden serv...- 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...
- 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...
- PE, VC investments fall to USD 2.2 bn in Feb as big-ticket deals dry upPrivate equity and venture capital investments in February totaled USD 2.2 billion, down 39% from the previous year. The month saw 120 deal...
- 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...
- 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...
- Adani, AG&P, others look to buy into unison enviroAdani Group and I Squared Capital-backed AG&P City Gas, as well as Canadian funds Canada Pension Plan Investment Board and Brookfield are i...
- Fake-news virusAlso in today's ETtech Morning Dispatch: Delhi lockdown threatens e-commerce operations, SaaS startups in the dealmaking picks up in the se...
- 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.
- RBI bars Yes Bank’s IFSC business unit from taking foreign currency deposits“RBI, pursuant to its letter dated May 22, 2020, has directed that the IBU is no longer permitted to access Foreign Currency Non-Resident (...
- India can generate big volumes in rupee-dollar derivatives trading at GIFT-IFSC: FMThe finance minister opened the trading facility by ringing the bell electronically through video conference.
- International exchange arms of BSE, NSE launch rupee derivative contractsThe exchanges are permitted to offer trading in securities in any currency other than rupee.
- Standard Chartered to be first foreign bank to launch ops at GIFT IFSC; may open branch this yearStandard Chartered has received in-principle regulatory approvals to set up its IFSC Banking Unit in Gujarat International Finance Tec-City...
- need2know: Law to safeguard foreign investors, oil at $80 and other macro triggers for your day on D-StreetA lowdown on top macro triggers that may move market on Froday.
- First International Financial Services Centre banking unit starts operations at GIFT CityThe country’s first IFSC has become operational at the Gujarat International Finance Tec-City (GIFT) with the launch of the country’s first...
- Infosys IBU aims for 50% revenue from private sector by end of FY152013 also turned out to be a fairly important one for the IBU because it delivered on some key projects, the most prominent amongst them be...
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