Articles tagged under: Gift city

Axis Bank introduces digital opening of US Dollar Fixed Deposits for NRIs at GIFT City

March 26, 2024
Axis Bank introduces digital opening of US Dollar Fixed Deposits for NRIs at GIFT City

Mumbai: Axis Bank today announced the introduction of Digital US dollar Fixed Deposit for NRI customers at Axis Bank IBU- GIFT City. NRI customers of Axis Bank can now open US dollar Fixed Deposits at GIFT City through ‘Open by Axis Bank’; the mobile banking application of Axis Bank. This offering simplifies the process of booking US dollar Fixed Deposit for NRI customers, by providing them end-to-end digital paperless solution and eliminating the need for physical documentation. Besides op...Read More

Capgemini opens office in GIFT City of Gujarat

March 23, 2024
Capgemini opens office in GIFT City of Gujarat

Gandhinagar: Capgemini has announced the inauguration of its new office in Gujarat International Finance Tec-City (GIFT City), Gandhinagar. This milestone marks Capgemini’s unwavering commitment to technological innovation and talent development in Gujarat, India. Capgemini’s India operation is also the Group’s largest platform for innovation and delivery, the company said in a statement. The new office in Gandhinagar was inaugurated jointly by Ms. Mona K. Khandhar, IAS, Principal Secr...Read More

ADB approves USD 23 million loan for Fintech at GIFT City

February 23, 2024
ADB approves USD 23 million loan for Fintech at GIFT City

Gandhinagar: The Asian Development Bank (ADB) has approved a USD 23 million loan to enhance access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT) in Gujarat. DeshGujaratRead More

PM Narendrabhai Modi to launch Rs. 13,000 crores projects from Mehsana on Feb 22

February 21, 2024
PM Narendrabhai Modi to launch Rs. 13,000 crores projects from Mehsana on Feb 22

Gandhinagar: Prime Minister Shri Narendra Modi will visit Gujarat on February 22, during which he will unveil various development projects for the state. In Mehsana, he will inaugurate and lay the foundation stone of projects worth more than ₹13,000 crores across various departments. Chief Minister Shri Bhupendra Patel will also remain present during the event in Mehsana. Inauguration of The Gujarat Fiber Grid Network, valued at ₹2042 crore, part of BharatNet Phase-2 The Prime Minister...Read More

Digital Financial Service Security Lab at GIFT City, Indian Inst of Science Edu & Research to come up in Gujarat

February 02, 2024
Digital Financial Service Security Lab at GIFT City, Indian Inst of Science Edu & Research to come up in Gujarat

Gandhinagar: The Gujarat government has proposed to set up a Regional Digital Financial Services Security Lab at GIFT City, Gandhinagar for the Asia-Pacific region of the International Telecommunication Union. The budget presented today by Finance Minister Kanubhai Patel has made a provision of Rs. 2.24 crore for this purpose. The State government also plans to introduce the Gujarat IT/ITES Startup policy for 2024-29 for which Rs. 10 crore provision has been made in the State budget. The g...Read More

Gujarat govt provisions Rs 152 crore for Fintech hub, Riverfront in GIFT City

February 02, 2024
Gujarat govt provisions Rs 152 crore for Fintech hub, Riverfront in GIFT City

Gandhinagar: Gujarat government today said GIFT City in the State will be expanded from 900 acre to 3300 acres. Finance Minister Kanubhai Desai in his budget speech announced Rs. 52 crore for setting up a Fintech hub in GIFT City. He also announced Rs. 100 crore provision for building a Riverfront on the bank of River Sabarmati in GIFT City. In his speech, the minister said, "Gift City has emerged as a global finance hub. Gift city will be developed as a planned green city by expanding ...Read More

Union govt allows direct listing of Indian companies on International Exchanges of GIFT IFSC

January 24, 2024
Union govt allows direct listing of Indian companies on International Exchanges of GIFT IFSC

New Delhi: In pursuance of the announcement on July 28, 2023 by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to enable direct listing of Indian Companies at GIFT- IFSC exchanges in the first phase, the Department of Economic Affairs (DEA), Ministry of Finance, has amended Foreign Exchange Management (Non-debt Instruments) Rules, 2019, and notified the ‘Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme’. Simulta...Read More

Union govt notifies additional financial services to be offered at GIFT IFSC

January 23, 2024
Union govt notifies additional financial services to be offered at GIFT IFSC

Gandhinagar: The International Financial Services Centre (IFSC) located in GIFT City will now be offering more financial services, as notified by the Union Government through a Gazette notification issued recently. Services such as bookkeeping, accounting, taxation, and financial crime compliance have been brought under the ambit of IFSC. According to the Gazette notification,"In exercise of the powers conferred by sub-clause (xiv) of clause (e) of sub-section (1) of section 3 of the Internat...Read More

MoU inked for Global Hydrogen Trading in GIFT City

January 16, 2024
MoU inked for Global Hydrogen Trading in GIFT City

Gandhinagar: The International Financial Services Centre (IFSC) at GIFT City has announced a collaboration with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC) to establish a Global Hydrogen Trading Mechanism. This initiative, set to be the second of its kind globally, places GIFT City at the forefront of the emerging green hydrogen economy. A key aspect of this collaboration is the subsequent launch of the Global Hydrogen Price Index, which will play a pivotal ro...Read More

69th Filmfare Awards 2024 to be two-day extravaganza in GIFT City, Gujarat

January 16, 2024
69th Filmfare Awards 2024 to be two-day extravaganza in GIFT City, Gujarat

Gandhinagar: The 69th Hyundai Filmfare Awards 2024, in collaboration with Gujarat Tourism, are scheduled for January 28, 2024. However, this year's prestigious awards will be a two-day extravaganza at GIFT City in the state capital. Filmmaker Karan Johar, Varun Dhawan, and Janhvi Kapoor participated in the press conference for the event, alongside Rohit Gopakumar, Director of the Times Entertainment Division. Rohit revealed a significant detail about this edition, announcing that, for the fir...Read More