City Gift Financial News

02.07 / 05:07

COST Citi Platform Pool NIFTY A $7.5 billion derivative trade shifts to India as SGX feud ends

SGX Nifty, the Singapore Exchange Ltd.-traded futures on India’s key equity NSE Nifty 50 Index, will be known as GIFT Nifty from July 3, and all outstanding orders will be transferred to the GIFT City, the new financial hub in the western Indian state of Gujarat. The switch from SGX to the NSE International Exchange at GIFT or Gujarat International Finance Tech-City also highlights partial success of the Prime Minister Narendra Modi-led administration’s attempts to attract India-centric trading that had moved to global financial centers such as Dubai, Mauritius and Singapore to its shores.

06.06 / 19:39

JPMorgan JPMorgan to use blockchain to settle US dollar forex trades in India hub

JPMorgan Chase & Co. has tied up with six Indian banks to introduce a blockchain-based platform to settle interbank dollar transactions in the nation’s newest international financial hub. “We will be running a pilot project for the next few months as we need to analyze banks’ experience,” Kaustubh Kulkarni, senior country officer, India and vice chairman, Asia Pacific at JPMorgan, said in an interview.

06.06 / 18:00

business Blockchain Banks Dollar Indian JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks

Global financial services company JPMorgan continues exploring the benefits of blockchain, deploying the technology to eliminate some restraints of traditional finance.

17.01 / 16:25

Blockchain cryptocurrency Digital ETF Asia’s First Cryptocurrency Exchange-Traded Fund: Key Things To Know

Asias first cryptocurrency ETF is set to launch in India

14.01 / 17:19

Government ETF Bitcoin Indian Indian INX exchange reportedly plans to list Bitcoin futures ETF

Despite the ongoing uncertainty about cryptocurrency regulation in India, local financial firms are backing new ventures aiming to launch Bitcoin (BTC) exchange-traded funds (ETF).

14.01 / 14:13

Blockchain Ethereum cryptocurrency Bitcoin Asia's first crypto ETF on the cards, to be launched in India by Torus Kling blockchain

Torus Kling Blockchain IFSC, an equal joint venture between financial management firm Kling Trading India and Cosmea Financial Holdings, is all set to launch Asia's first cryptocurrency exchange-traded fund (ETF), which will potentially go live by March 2022 in GIFT (Gujarat International Finance Tech) city.

03.12 / 13:18

Blockchain cryptocurrency Infinity Mukesh Ambani bullish on blockchain technology, says it is vital for equitable society

Reliance Industries Chairman and Managing Director Mukesh Ambani said that he was a big believer in the blockchain technology.

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