IFSC

IFSC chief: GIFT City inspires confidence in foreign investors

September 29, 2024 2:28 am

In the last five years, Rajaraman, a former IAS officer, said that the IFSC has seen “155 registered investment funds”.

Air India acquires its first Airbus A350-900 via finance lease through GIFT IFSC

September 29, 2023 12:42 pm

The transaction was facilitated by AI Fleet Services Limited (AIFS), a wholly owned subsidiary of Air India, and a GIFT IFSC-registered finance company, the Tata group airline said in a release.

Reserve Bank of India's wider NDF access may require foreign exposure proof, say bankers

April 25, 2023 1:10 pm

The Reserve Bank of India, while announcing its last policy decision, said it will permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to local residents.

First ship leasing company gets nod to operate from GIFT City

February 22, 2023 6:15 pm

A regulatory framework to enable the ship leasing business in GIFT City has already been put in place. The framework allows leasing entities to offer operating lease, financial lease and hybrid lease.

IFSC can't shy away from cryptocurrency: Chairman Srinivas

December 06, 2021 8:36 pm

Ahmedabad: IFSC at GIFT City can be lab for financial sector, says IFSC chairman

February 13, 2021 12:19 am

Appealing to the public sector units, that raise large capital from overseas, to participate in the GIFT City project, IFSC Chairman Srinivas said, “The government, budget after budget has been revealing its resolve and intent to see that the IFSC succeeds.

Mumbai has natural ecosystem for IFSC, will complement GIFT: Devendra Fadnavis

May 03, 2020 3:26 am

Directing his attack against NCP president Sharad Pawar who alleged that the PM favoured Gujarat over Mumbai while notifying IFSC Authority headquarters at Gadhinagar, Fadnavis said,

Centre’s decision to locate IFSC Authority in Gujarat disappointing, says Pawar

May 02, 2020 10:23 am

The series, which began on Friday, on the foundation day of the state, will host all former chief ministers of Maharashtra, and will end with a talk by Chief Minister Uddhav Thackeray.

Govt introduces IFSC Bill in Rajya Sabha

February 12, 2019 7:57 pm

The International Financial Services Center Authority Bill, 2019 mandates transaction of financial services in the IFCS shall be governed by an Authority headed by a Chairman.

IFSC banking units at GIFT record $100 million transactions

February 16, 2016 12:45 am

Two banks — YES Bank and Federal Bank — have generated such brisk business within three months of their IFSC banking units (IBUs) becoming operational at GIFT IFSC, stated an official release.