GIFT City

GIFT City

6/12/2025, 5:18:24 AM

*Banks from France, UAE queue up at Gift City* Credit Agricole Corporate and Investment Bank, Natixis and Societe Generale from France and two banks from the UAE have come forward to set up IFSC Banking Units in Gift City. For more details: https://www.thehindubusinessline.com/money-and-banking/banks-from-france-uae-queue-up-at-gift-city/article69678164.ece

GIFT City

6/12/2025, 5:18:51 AM

*HFTs shift to Gift City to save on stamp duty and transaction costs* These HFTs, which deploy algorithmic and quant strategies, will continue to be regulated by the Securities and Exchange Board of India (Sebi) and trade on domestic exchanges. The shift to Gift City, according to industry experts, is to save a significant amount on stamp duty paid on broking transactions. For more details: https://www.business-standard.com/markets/news/hfts-move-to-gift-city-for-stamp-duty-savings-on-trade-transactions-125061101074_1.html

GIFT City

5/23/2025, 6:09:23 AM

*CM opens Cognizant facility in GIFT City* Chief Minister Bhupendra Patel on Wednesday inaugurated Cognizant’s new state-of-the-art facility at its techfin centre in GIFT City. This is Cognizant’s fourth branch and it plans to expand it further in the next three years. For more details: https://www.ahmedabadmirror.com/cm-opens-cognizant-facility-in-gift-city/81891761.html#goog_rewarded

GIFT City

5/27/2025, 9:04:35 AM

Hon'ble PM talking about GIFT City during celebration of 20 years of Gujarat Urban Growth Story in Gandhinagar today.

GIFT City

5/20/2025, 10:35:43 AM

*India’s Vivriti secures $20m for MSME, retail loans fund* This brings the fund’s total capital to US$165 million, with an aim for a final corpus of US$250 million. Launched in March 2023 at GIFT City, VIRAF focuses on asset-backed securitization to finance small-ticket retail and micro, small, and medium enterprises (MSME) loans. For more details: https://www.techinasia.com/news/indias-vivriti-secures-20m-msme-retail-loans-fund

GIFT City

2/20/2025, 4:21:55 AM

*Bank of Maharashtra gets RBI nod for opening GIFT City branch* State-owned Bank of Maharashtra (BoM) on Sunday said it has received approval from the Reserve Bank of India to set up an International Financial Services Centre (IFSC) Banking Unit at GIFT City. The branch will function as Bank of Maharashtra's first international branch carrying out offshore banking operations from India. For more details: https://m.economictimes.com/industry/banking/finance/banking/bank-of-maharashtra-gets-rbi-nod-for-opening-gift-city-branch/articleshow/118298423.cms

GIFT City

2/4/2025, 9:05:44 AM

*Government Extends GIFT City Tax Breaks In Bid To Lure New Investment* Finance Minister Nirmala Sitharaman extended some of GIFT City’s tax benefits to March 2030 that had previously been slated to expire between 2024 and 2026. The government will also permit mutual funds and exchange-traded funds to relocate to GIFT City without paying a capital gains tax, effective April 2026 onward, according to budget documents. For more details: https://www.ndtvprofit.com/budget/budget-2025-government-extends-gift-city-tax-breaks-in-bid-to-lure-new-investment

GIFT City

2/26/2025, 2:30:28 PM

*GIFT City was envisioned as India’s first smart financial hub to compete with global financial centres* As India gains importance in global trade, investments and other financial transactions, its financial centres are rapidly ascending in global rankings. While Gift City has beendoing well in the rankings due to the backing it has received from the Centre, cities of Mumbai and Delhi are also rapidly improving their positions globally. For more details: https://www.thehindubusinessline.com/data-stories/data-focus/gift-city-along-with-mumbai-and-delhi-rapidly-climbs-the-global-financial-centres-ranking/article69262427.ece/amp/

GIFT City

2/3/2025, 4:48:54 AM

*No tax on GIFT City Ulip maturity proceeds even if premiums exceed Rs 2.5 lakh per year* In a boost to life insurance companies’ branches located in the International Financial Services Centre (IFSC)-GIFT city, Budget 2025 has announced a tax exemption for life insurance policies sold through such offices. For more details: https://www.moneycontrol.com/news/business/personal-finance/no-tax-on-ifsc-gift-city-insurers-ulip-maturity-proceeds-even-if-premiums-exceed-rs-2-5-lakh-per-year-12927606.html

GIFT City

2/17/2025, 3:05:30 AM

Dear All, Greetings, This is to inform all citizens of GIFT City that GMRC has revised the Metro timings from Ahmedabad to GIFT City from 15th February 2025 onwards. The feeder bus services operating within Gift city will ferry the passengers from GIFT City Metro station to various stops within the City. Regards, GIFT City