Articles tagged under: GIFT

India’s IFSC Authority to be headquartered in Gandhinagar

April 28, 2020
India’s IFSC Authority to be headquartered in Gandhinagar

Gandhinagar: Government of India through a gazette notification announced that the International Financial Services Centres Authority will be headquartered in Gandhinagar, Gujarat. Please find attached the gazette notification (pdf) for your reference. Also appended below is quote of Tapan Ray, MD & Group CEO, GIFT City welcoming this development. "We welcome Government of India's decision to set up the IFSC Authority headquarters at Gandhinagar Gujarat. This will provide a single windo...Read More

Steering committee of World Gold Council holds meeting at GIFT City Gujarat

March 06, 2020
Steering committee of World Gold Council holds meeting at GIFT City Gujarat

Gandhinagar: Post the announcement in the Union Budget 2020-21 for setting up of International Bullion Exchange in GIFT IFSC, the steering committee of World Gold Council held their meeting today at Gujarat International Fin-Tec City (GIFT City). Among other things, one of the key points in the agenda was to discuss about developing a comprehensive plan for International Bullion Exchange. In addition, the committee discussed various aspects of instituting an ecosystem for an organized an...Read More

‘IGLUS Centre of Excellence (ICE)- A Smart City Lab’ inaugurated at GIFT City

January 27, 2020
‘IGLUS Centre of Excellence (ICE)- A Smart City Lab’ inaugurated at GIFT City

Gandhinagar: IGLUS Centre of Excellence (ICE) – A Smart City Lab was inaugurated at GIFT City today. The centre, which has been instated by GIFTCL in association with École Polytechnique Fédérale de Lausanne (EPFL) and Nirma University, will act as a platform for exchange of knowledge and global best practices about smart city initiatives around the world, said a statement. As GIFT City is India’s first operational Smart city, ICE will also act as a common hub for global experts and prac...Read More

CDSL inaugurates India’s first IFSC branch at GIFT City Gujarat

January 06, 2020
CDSL inaugurates India’s first IFSC branch at GIFT City Gujarat

GIFT City, Gandhinagar:Central Depository Services (India) Limited (CDSL), the first listed depository in India, inaugurated its first IFSC Branch today at the GIFT City, Gandhinagar in Gujarat. CDSL’s IFSC branch intends to contribute to the growth of the financial markets with the introduction of delivery-based trading to the existing suite of the products traded on the exchanges at the IFSC Center. The ceremony was hosted by CDSL Chairman, Shri B. V. Chaubal, Public Interest Director,...Read More

CDSL receives SEBI approval to open IFSC Branch at GIFT City, Gujarat

December 24, 2019
CDSL receives SEBI approval to open IFSC Branch at GIFT City, Gujarat

Gandhinagar: Central Depository Services (India) Limited [CDSL], received the approval from SEBI for setting up its branch at the IFSC Center at GIFT City as per the prescribed regulatory framework. CDSL will be the first depository to launch its branch operations from the precincts of the IFSC in the GIFT city. Commenting on the above, Mr. Nehal Vora, MD & CEO of CDSL stated: “Adding to the list of many firsts, CDSL besides being the first listed depository in India would also be the firs...Read More

International hotel Grand Mercure opens in GIFT city

December 18, 2019

Gandhinagar:The first international hotel in the GIFT City, the first smart city cum IFSC in India near Gandhinagar, was opened today. Inaugurated by Gujarat CM Vijay Rupani, Grand Mercure Gandhinagar GIFT City, which will be at-least a four star or above rated property (as the star classification is still awaited) features 151 well-equipped guestrooms. The nine-floor hotel, amidst GIFT City, is built to cater to the demands of seasoned frequent travellers looking for quality accommod...Read More

GIFT City CEO welcomes Lok Sabha nod to IFSC bill

December 11, 2019
GIFT City CEO welcomes Lok Sabha nod to IFSC bill

Gandhinagar: Lok Sabha today passed The International Financial Services Centres Authority Bill 2019 for unified regulator for IFSC. Tapan Ray, MD & Group CEO, GIFT City (India's only IFSC), commenting on this development said, "The International Financial Services Centres Authority Bill 2019 passed today in Loksabha is a welcome step. This will further accelerate and fast-track development of the IFSC at GIFT City – India’s operational International Financial Services Centre (IFSC). ...Read More

Bank of America opens its Global Business Service Center in GIFT City Gujarat

December 06, 2019

Gandhinagar: Bank of America has opened its fifth Global Business Services Center in India at GIFT-IFSC in GIFT city Gujarat after Hyderabad, Mumbai, Gurgaon and Chennai. Bank of America had started its operations in India for the first time in year 2004. With this BoA has become the first foreign bank to set up operations in GIFT city. Bank of America opens its fifth Global Business Services Center in India at GIFT-IFSC in GIFT city Gujarat. With this BoA becomes the first foreign bank to se...Read More

Stock Holding IFSC Limited becomes first segregated nominee account provider of India INX and GIFT City IFSC

November 28, 2019
Stock Holding IFSC Limited becomes first segregated nominee account provider of India INX and GIFT City IFSC

Mumbai: Stock Holding Securities IFSC Limited has become the first Segregated Nominee Account Provider (SNAP) to register with India International Exchange (IFSC) Limited (India INX) on November 13, 2019. Stock Holding Securities IFSC can now provide services to its investors through the segregated nominee account structure, which was permitted by the SEBI at the IFSC in May 2018. As a Provider, Stock Holding Securities IFSC Limited, can enable its investors to access the index, currency, com...Read More

Cabinet approves introduction of IFSC Authority Bill, 2019 in Lok Sabha, after withdrawal from Rajya Sabha

November 20, 2019
Cabinet approves introduction of IFSC Authority Bill, 2019 in Lok Sabha, after withdrawal from Rajya Sabha

New Delhi: The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved for withdrawing of the International Financial Services Centres Authority, 2019 Bill which was introduced in the Rajya Sabha on 12th February, 2019 and pending in the Rajya Sabha and introducing the International Financial Services Centres Authority Bill, 2019 in the Lok Sabha in the ensuing session of the Parliament. Benefits Currently the banking, capital markets and insurance sectors in IFSC ar...Read More

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