Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, on Saturday invited Mexican investors to explore opportunities in India's Global In-House Capability Centers (GICCs), aircraft leasing, ship leasing, and even foreign university setups at GIFT-IFSC, which is emerging as a global hub for reinsurance and sustainable finance.
GIFT Nifty recorded all-time high monthly turnover of $100.13 billion in August, setting a new benchmark to the growth story of Indian equity market.
The Union Government has cleared the path for allowing Indian companies to list securities directly at Gujarat International Finance Tec-city International Financial Services Centre (GIFT IFSC) with a minimum 10 per cent public float.
The subsidiary will engage in several financial activities as a finance company within GIFT, including lending, investment, and other services.
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The Union government has allowed direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC.
Union Finance Minister Nirmala Sitharaman on Thursday said India is now driving the growth engine of the world and can become the bridge between the developed Western world and the Global South.
The company said in a regulatory filing on Wednesday that it will make the investment over a period of time and will seek requisite approvals for the same.
About a week after relaxing the liquor consumption norms for the Gujarat International Finance Tec-City (GIFT City) area in Gandhinagar, the state government issued a set of rules on Saturday to be implemented for hotels, clubs, or restaurants desiring to serve liquor and for their customers.
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