City Gift Financial News

Subscribe to enjoy similar stories.It’s a long shot, but asset management companies (AMCs) are trying everything to lure fund managers into swapping their Bandra Kurla Complex offices for a new life in an upcoming financial hub about 500 km away.AMCs are offering pay hikes, relocation perks and faster career tracks to coax fund managers into moving to GIFT City, where talent remains hesitant to move.The push comes as regulators tighten norms on keeping an on-ground presence in the International Financial Services Centre (IFSC), forcing fund houses to ensure that key personnel are physically based in GIFT City (Gujarat International Finance Tec-City). But attracting experienced fund managers has proved to be difficult, with AMCs competing for a limited talent pool."Fund managers, if they have to move to GIFT City, are likely to ask for a salary hike.

Subscribe to enjoy similar stories.Remember what fund managers were telling you in the last quarter of 2025—that you must have gold in your portfolio? It included even those who had been advising you just a year or two before to sell the ‘unproductive’ gold you had at home and put it all in equities. Indian equity markets did not do well and gold did, so the advice changed. Unfortunately, this change came far too late.Investments from Indian investors into gold funds and exchange traded funds (ETFs) peaked in January, even exceeding equity flows.

Subscribe to enjoy similar stories.The Securities and Exchange Board of India (Sebi) plans to let online bond platform providers (OBPPs) offer products from Gujarat International Finance Tec-City (GIFT City), but early signals suggest platforms may move cautiously.In a consultation paper issued on Tuesday, the markets regulator recommended changes aimed at easing business conditions for OBPPs while widening the range of products they can offer. Mint explains what these changes are and whether OBPPs are likely to tap the opportunity.Sebi has proposed allowing OBPPs to offer products regulated by the International Financial Services Centre Authority (IFSCA), such as overseas debt investments, that aren’t easily accessible to most Indian investors using digital platforms.

Subscribe to enjoy similar stories.GANDHINAGAR: Six listed companies have applied for licences to set up corporate treasury centres in Gujarat International Finance Tec-City, or GIFT City, said Kalyanaraman Rajaraman, chairperson of the International Financial Services Centres Authority (IFSCA).The applications signal rising interest in India’s offshore financial hub as large companies look to centralize global cash and risk management. While the regulator declined to identify the applicants, Rajaraman said demand is likely to rise over time.“We have issued 10 authorizations till date… we are talking to almost every MNC (multinational company).

Subscribe to enjoy similar stories.A body representing alternative investment funds (AIFs) at GIFT International Financial Services Centre (IFSC) asked the government to intervene after the RBI mandated in late March that such funds must be treated as ‘resident Indians’ when reporting foreign assets.In a letter dated 10 April, which Mint has seen, the AIF Chief Financial Officers Association flagged a “critical regulatory overlap” triggered by the RBI's mandate for filing foreign liabilities and assets (FLA) returns, saying it conflicts with the specialized status usually granted to funds in the international zone. GIFT IFSC is a specialized regulatory zone within GIFT City that’s treated as a foreign jurisdiction for financial transactions.The association asked the union government to start a dialogue with the central bank and issue a joint clarification circular exempting IFSCA-registered entities from the FLA return rule.

Subscribe to enjoy similar stories.Bengaluru: Senior housing developers and operators, which build and manage residential communities for those aged 55 and above, are looking to ramp up operations by acquiring land, expanding into new cities, and adding premium services as demand for such homes rises.The senior living segment in India has seen mixed success in the past, and has remained under-penetrated. That is fast changing, though, with operators riding a strong demand, and developers too, entering the space.Bengaluru-based Manasum Senior Living, which has four operational projects in the city and one in Goa, has entered Chennai, Mysuru, Tirupati, Mangaluru, and Pune.

Subscribe to enjoy similar stories.Saurabh Mukherjea is not the kind of fund manager who hedges his bets with careful language. The founder of Marcellus Investment Managers, one of India’s more closely watched boutique fund houses, has made a career of saying out loud what others whisper.His latest vehicle for that is a book—Breakpoint: The Crisis of the Middle Class and the Future of Work, published by Juggernaut in March 2026 and co-written with economist Nandita Rajhansa and human resources professional Sapana Bhavsar.“I have argued in my book that India is not creating enough jobs for the middle and lower income segments,” he said. “This would mean that the opportunity to invest in Indian businesses will come down over the next several years.

₹6,835 crore (about $735 million) from five foreign banks to fund its ₹91,000 crore semiconductor fabrication (fab) facility in Gujarat. The lenders have put conditions on ownership, branding and equity that reflect their reliance on the Tata Group’s credit profile and the tight financing terms shaping India’s chip manufacturing push, according to company filings and executives aware of the matter.The lenders have stipulated that the Tatas retain a 51% stake in TSML, the wholly owned subsidiary of the privately held Tata Electronics, and continue using the ‘Tata’ brand, according to documents filed with the ministry of corporate affairs.

XED, which provides education programs to top executives. The company plans to raise $12 million through a dollar-based offering in GIFT City this month.While the offering will test the IPO route at the offshore financial centre, the forthcoming framework is aimed at companies that want to list directly on the exchanges.If implemented, the proposal would allow Indian and global companies, whether already listed elsewhere or privately held, to list their shares on GIFT City exchanges without raising fresh capital.

Mint, referring to India's growth trajectory.However, the task now is to integrate the deep domestic liquidity in Mumbai with international participation at GIFT IFSC, he added.“In GIFT City today, participation is currently limited to a handful of players. The real opportunity lies in bringing these two pools of liquidity together.

Subscribe to enjoy similar stories. In the regulatory tussle over supervision of India's clearing houses, the European Union blinked first. Ending a three-year standoff over supervision of the Clearing Corp.

XED Executive Development, set to be the first company to list on the GIFT City exchanges after its upcoming IPO, has appointed a market maker for one year to address low liquidity on the exchanges.“We have appointed Evermore as our market maker and 5% of the issue has been set aside for market-making purposes,” Piyush Agarwal, chief executive officer of XED Executive Development, toldMint.XED, which provides leadership and management development programmes to senior professionals in over 25 countries, plans to raise $12 million through a dollar-based offering. It will be listed on the NSE International Exchange and the India International Exchange – in GIFT City – in the first week of March.As the first company to list on these exchanges, XED may initially face liquidity challenges.

Subscribe to enjoy similar stories. The GIFT City regulator has started asking inactive companies to voluntarily surrender their licences if they do not intend to start a business, according to three people in the know, as India seeks to ensure the international finance hub is not reduced to a paper address. “Entities that remain inactive have been asked about their plans and, where there is no clear intent to operate, they may be persuaded to voluntarily surrender the license," said an official, one of the three people quoted earlier, on the condition of anonymity.

Subscribe to enjoy similar stories. The budget proposal to set up five new university townships near major industrial corridors could be the golden ticket for foreign institutions looking to establish campuses in India. Yet, according to sector experts, more clarity is needed on land and other approvals.

Subscribe to enjoy similar stories. MUMBAI: India’s market regulator Securities and Exchange Board of India (Sebi) and Gift City regulator International Financial Services Centres Authority (IFSCA) are aiming to sign information-sharing agreements with Europe’s securities watchdog within the next 60 days, a step that could allow five Indian clearing houses to seek re-recognition by the European Union, two people aware of the discussions told Mint. The move follows the European Union’s financial markets regulator European Securities and Markets Authority (ESMA) signing an agreement with the Reserve Bank of India (RBI) on 27 January on information sharing.

Subscribe to enjoy similar stories. MUMBAI : Fireside Ventures has closed its fourth consumer-focused fund at $253 million with a more diverse base of investors, or limited partners (LPs), to continue backing early-stage startups in India, a top official at the investment firm said. “In this fund, we have a 50-50 split between domestic and global investors.

DP World is preparing to start ship-leasing operations in India by setting up a subsidiary in the International Financial Services Centre (IFSC) at Gujarat's GIFT City, people familiar with the matter said. The port and logistics giant may commence operations with four ships, the people said, adding that the company has secured approval from Indian authorities. «The ships could be Indian flag ships or international ships. They may buy vessels and then lease them further or rent an Indian flag ship and then sub-lease it,» one of the persons said. DP World follows others such as Japan's Mitsui OSK Lines and UAE-based Transworld Group who have started operations in IFSC. DP World's new venture in India will encompass vessel ownership, operation, chartering, and other permitted activities, the people said. To be sure, the company offers feeder services globally but does not offer a ship leasing service in India currently.

Subscribe to enjoy similar stories. India’s ambitious push to bring home trading in Nifty 50 derivatives has made limited progress in nearly two years, as many traders tempted by cost and logistical advantages keep faith in the Singapore Exchange (SGX). While the share of GIFT Nifty volumes originating from within GIFT City has nearly doubled to 33% during the period, it is still a long way from realizing the goal of attracting the majority of these trades to India.

how to invest abroad under the liberalised remittance scheme.

Microfinance company Satin Creditcare Network has raised $100 million in external commercial borrowing from Standard Chartered Bank and six Sri Lankan lenders. This is Satin's maiden syndicated social term loan raised from overseas lenders under the automatic route of the Reserve Bank of India (RBI). «Securing $100 million from new lenders, notably prominent Sri Lankan banks, amid challengingThis social loan marks a significant landmark as Satin Creditcare’s first syndicated transaction, reflecting the trust and confidence that global financial institutions have placed in us. It times highlights our strong governance, sustainable growth, and financial resilience,» Satin chairman HP Singh said.

Aaditya Thackeray on Sunday demanded facilities and incentives like Gujarat's GIFT City for Mumbai while accusing the BJP of systematically weakening the city's economic standing. Talking at a party event here, Thackeray alleged a deliberate erosion of Mumbai's financial importance. «Subsidies and facilities given to GIFT City should also be extended to Mumbai. The BJP is deliberately weakening Mumbai's economic backbone,» he claimed. The former state minister criticised the BJP's policies for shifting major projects and headquarters from Mumbai to Gujarat and Delhi, questioning the impact on Maharashtra's economy.