Articles tagged under: GIFT
April 16, 2018
Bengaluru based Indian multinational Real estate developer SOBHA Limited, has forayed into Gujarat market with an Investment of over Rs 500 crore towards residential development in Gujarat International Finance Tec-City (GIFT City), India’s 1st Operational Smart City and International Financial Services Centre (IFSC).
With a total built up area of 1.3 million square feet, the company will develop close to 1000 housing units in the fully-integrated city built ...Read More
April 10, 2018
Mumbai: The India International Exchange (IFSC) Limited (India INX), India’s first international exchange based in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) has achieved a major milestone on April 9th, 2018 when the daily trading turnover of its Derivatives segment crossed an approx. Rupees 3,257 crores (USD 500 million).
The India INX Futures are currently available on the SENSEX, SENSEX 50, Gold, Silver, Gold KG, Brent Cru...Read More
April 07, 2018
Gandhinagar: Muhurat for proposed building of Dalal Street Cooperative Society Ltd was held today in GIFT City in Gandhinagar in presence of Chief Minister Vijay Rupani.
With Rs 200 crore investment, 72 brokers of Bombay Stock Exchange will set up a dedicated 18-storey building at the GIFT City in Gandhinagar. Setting their business headquarters at the GIFT and operating from here will exempt them from paying Stamp Duty, bringing operational efficiency and providing a better standard of livin...Read More
March 26, 2018
Gujarat International Finance Tec- City (GIFT City) - India's First operational Smart City and International Financial Services Centre (IFSC) has entered into a Memorandum of Understanding (MOU) with Deloitte Touche Tohmatsu India LLP (DTTILLP), which renders consultancy services, for mutual cooperation in areas related to International Financial Services.
GIFT City, situated near Gujarat capital Gandhinagar, is a global business district offering platform for business...Read More
March 08, 2018
Gandhinagar: The Multi-Services SEZ at Gujarat International Finance Tec City (GIFT City) having status of India’s First Operational IFSC witnessed a major growth in exports of services with boost in foreign currency transactions. This has added a big way in Gujarat’s contribution to country’s export and foreign exchange earnings. It is worth noting that apart from services export by SEZ units, the contribution from IFSC units in GIFT SEZ is the new avenue of exports happening from the c...Read More
February 16, 2018
Axis Bank, India’s third largest private sector bank, today opened its off-shore banking unit (branch) at Gujarat International Finance Tec-City (GIFT City) near here.
Ms. Rita Teaotia – Commerce Secretary, Ministry of Commerce & Industry, Government of India, inaugurated the branch in the presence of Ms. Shikha Sharma – MD & CEO, Axis Bank.
Ms. Teaotia addressed the gathering and gave the background of the concept behind GIFT City SEZ. She empha...Read More
February 14, 2018
Gandhinagar: In a first for India, private sector YES Bank announced listing of its debut USD 600 million medium-term-note (MTN) bond on IndiaINX. This announcement was made in a function at GIFT City in Gandhinagar in presence of Gujarat Chief Minister Vijay Rupani and YES Bank MD Rana Kapoor.
With this the new IFSC headquarters of YES Bank was inaugurated. YES Bank was the first bank to start operations at GIFT City, Gandhinagar in October 2015. YES Bank's USD Bond issuance was launched in...Read More
February 05, 2018
The incident of fire that burnt down the makeshift project building of GIFT city near here today has incidentally taken place just days after the Regional Fire Officer of Gandhinagar had written a letter to the DGM-Fire Safety of this first IFSC in India to create a full fledged in-house fire tending unit in place of the existing mini one.
It is learnt that Regional Fire Officer Mahesh Modh had written the letter to the DGM-Fire safety Sunil Chaudhary almost a w...Read More
February 05, 2018
A fire broke out in the makeshift corporate/project office building in the GIFT city, the first IFSC in India, which. It caused extensive damage to the single storied structure and almost completely burnt it.
CEO of GIFT city Ajay Pandey said that the matter would be probed.
Chief Fire Officer of Gandhinagar Mahesh Kumar Modh said that around 90% part of the project office has been burnt down in the fire which was controlled completely after around one ...Read More
February 05, 2018
Gandhinagar: Fire broke out at GIFT city Gandhinagar's SEZ admin wing today afternoon. It is learnt that a canteen portion of SEZ blocks has gutted. In took nearly half an hour for first fire tender to arrive as fire spread further to administrative blocks. Chief Fire Officer of Gandhinagar Mahesh Modh said GIFT City's own fire service was already in action to douse the fire. However due to winds and open nature of administrative block, fire spread further and therefore Gandhinagar Fire Service ...Read More
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