LIVE NEWS 24 December 2024
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27 May, 2024 : GIFT City's journey has been marked by progress, yet it faces various challenges ahead

More than 200 companies have established their presence in GIFT City, including 19 banking units, 25 insurance companies and numerous brokerages and financial service providers.it took more than a decade for GIFT City in Gujarat, India's only international financial hub, to finally materialise with the help of better policies and regulatory clarity. GIFT City's inception in 2007 saw uncertainties until 2014 when Prime Minister Narendra Modi came ...

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24 May, 2024 : Gift Nifty down 50 pts as global shares slip

Pre-market update for Indian stock markets Friday, May 24, 2024: After a record-breaking gain of over 1.5 per cent yesterday, the bulls were eyeing further milestones in trades today on the BSE Sensex and the NSE Nifty. The Nifty 50 index, in particular, was within striking distance of the 23,000-landmark.However, with global mood turning sour, the Indian stock market too may witness some profit-taking on Friday.  At 07:00 AM, Gift...

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23 May, 2024 : "GIFT City tax incentives lead FPIs to bypass Mauritius, Singapore."

GIFT City, India's sole IFSC, is increasingly favored by FPIs over traditional investment routes like Mauritius and Singapore. Legal experts and industry insiders attribute the trend to India's promotion of GIFT City, offering tax advantages and improved business ease compared to traditional routes via Mauritius, Singapore, Netherlands, or Luxembourg. GIFT City's solid legal framework guarantees tax benefits, unlike the uncertain benefits un...

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