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GIFT City

Finmin lowers minimum public float requirement to 10 percent for companies listing on IFSC bourses

Finmin lowers minimum public float requirement to 10 percent for companies listing on IFSC bourses

Thu, Aug 29, 2024

The Indian finance ministry has reduced the minimum public float requirement for companies listing on stock exchanges at GIFT City, IFSC, from 25% to 10%. This amendment aims to attract more companies to list in India’s first International Financial Services Centre.

Silver scam through Gujarat's GIFT City? TMC MP Saket Gokhale's post has social media in splits

Silver scam through Gujarat's GIFT City? TMC MP Saket Gokhale's post has social media in splits

Fri, Jul 12, 2024

Divulging details of the matter, in a post titled 'Is there a HUGE silver scam being carried out through the GIFT city in Gujarat?', Saket Gokhale wrote that all of India's silver exports from the United Arab Emirates (UAE) are being brought in through a single place, GIFT City in Gandhinagar, Gujarat, since December 2023.

Allianz Partners becomes first foreign reinsurer to launch operations in GIFT City

Allianz Partners becomes first foreign reinsurer to launch operations in GIFT City

Thu, Apr 04, 2024

The IIO is a reinsurance branch of AWP P&C SA, a group entity of Allianz Partners headquartered in Paris, that aims to transform the reinsurance landscape in India with its B2B offerings, the company said in a statement.

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Indian markets can raise $100 billion a year: BSE CEO

Indian markets can raise $100 billion a year: BSE CEO

Sun, Mar 19, 2017

Chauhan said this target is "completely doable" given the high savings rate of Indians and what is required is channelising of these savings into financial market instruments.

India International Exchange starts trading at GIFT City

India International Exchange starts trading at GIFT City

Tue, Jan 17, 2017

The first trade happened between Globe IFSC and Edelweiss IFSC, the exchange said in a press release.

NSE gets Sebi nod to operate international exchange at GIFT

NSE gets Sebi nod to operate international exchange at GIFT

Wed, Jan 11, 2017

NSE IFSC Ltd, the global exchange promoted by the National Stock Exchange, has received in-principle approval from the Securities and Exchange Board of India (Sebi), to set up operations at Gift city, a NSE official told PTI.

Low inflation must for meaningful interest rate regime: Patel

Low inflation must for meaningful interest rate regime: Patel

Wed, Jan 11, 2017

"For us, in India, good policy housekeeping should be the cornerstone. It is easy and quick to fritter away gains regarding macroeconomic stability. But hard and slow to regain them," he said at Vibrant Gujarat Global Summit here.

Full Text: PM Modi’s address on the occasion of Inauguration of the India International Exchange at GIFT city, Gandhinagar

Full Text: PM Modi’s address on the occasion of Inauguration of the India International Exchange at GIFT city, Gandhinagar

Tue, Jan 10, 2017

Text of PM’s address on the occasion of Inauguration of the India International Exchange at GIFT city, Gandhinagar

Financial technology will be important for India's future: PM Modi

Financial technology will be important for India's future: PM Modi

Mon, Jan 09, 2017

Financial technology will be important for India's future, Bloomberg reported quoting Prime Minister Narendra Modi as saying on Monday while inaugurating India International Exchange at Gujarat International Finance Tec-City (GIFT) in Gandhinagar in Gujarat.

BSE gets Sebi's nod to set up international exchange in GIFT city

BSE gets Sebi's nod to set up international exchange in GIFT city

Tue, Nov 01, 2016

The exchange in a press release said that it plans to operationalise the International Exchange in early 2017.

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