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GIFT NIFTY takes centre stage as NSE IX rings bell ceremony in GIFT City SGX Nifty has been rebranded as GIFT NIFTY from Monday, with all derivative contracts worth $7.5 billion transitioning from Singapore to India. The official operation of GIFT NIFTY marks a step in shifting the base from the Singapore Exchange to the NSE International Exchange (NSE IX) located in Gandhinagar. To commemorate this milestone, the NSE IX on Monday organised a bell-ringing ceremony for GIFT NIFTY, symbolising the commencement of trading activities. By 3:30 p.m., a staggering $1....
GIFT NIFTY takes centre stage as NSE IX rings bell ceremony in GIFT City
GIFT NIFTY takes centre stage as NSE IX rings bell ceremony in GIFT City
Source: IANS
4/07/2023 10:09:19 AM
Zicuro Technologies selected as a technology partner by One of India`s top three Private Sector Bank for their IFSC Banking Unit India’s leading custodial services software provider, Zicuro Technologies has bagged a prestigious project for developing technology solutions for the bank’s custody business. Zicuro Technologies has started working closely with the bank's IT and business teams to ensure that the technology solutions are fully integrated with the bank's existing systems and processes in line with the regulatory requirements. Zicuro Technologies Private Limited is the Fintech ...
Zicuro Technologies selected as a technology partner by One of India`s top three Private Sector Bank for their IFSC Banking Unit
Zicuro Technologies selected as a technology partner by One of India`s top three Private Sector Bank for their IFSC Banking Unit
Source: PR Agency
27/04/2023 3:46:21 PM
RBI expansion of NDF access to help manage Indian rupee volatility The Reserve Bank of India said it is proposing to permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to resident users in the onshore market. An IFSC Banking Unit or "IBU" is a bank permitted by the Reserve Bank of India to operate from an International Financial Services Centre (IFSC). They were earlier permitted to transact in rupee NDF forex derivatives contracts with non-residents and with other eligible bank...
RBI expansion of NDF access to help manage Indian rupee volatility
RBI expansion of NDF access to help manage Indian rupee volatility
Source: Reuters
6/04/2023 11:49:59 AM
India central bank permits banks to offer non-deliverable fx derivatives to resident users The Reserve Bank of India said it is proposing to permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to resident users in the onshore market. IFSC Banking Unit or an "IBU" is a bank permitted by the Reserve Bank of India to operate from an International Financial Services Centre (IFSC). IFSC banking units were earlier permitted to transact in rupee NDF forex derivatives contracts with non-residents and with other...
India central bank permits banks to offer non-deliverable fx derivatives to resident users
India central bank permits banks to offer non-deliverable fx derivatives to resident users
Source: Reuters
6/04/2023 11:08:14 AM
Bank of Baroda surges on offering range of solutions for start-ups at Gift IFSC Bank Of Baroda is currently trading at Rs. 160.85, up by 1.05 points or 0.66% from its previous closing of Rs. 159.80 on the BSE. The scrip opened at Rs. 159.30 and has touched a high and low of Rs. 162.30 and Rs. 158.65 respectively. So far 1146702 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022. Last one week high and low of the scrip stood at...
Bank of Baroda surges on offering range of solutions for start-ups at Gift IFSC
Bank of Baroda surges on offering range of solutions for start-ups at Gift IFSC
Source: Accord Fintech
27/03/2023 4:14:05 PM
Indian entities can hedge gold price risk at IFSC: RBI Indian entities can hedge their exposure to gold price risk in overseas markets on recognised exchanges in the International Financial Services Centre (IFSC), Gujarat, said RBI Governor Shaktikanta Das on Wednesday. Announcing the Monetary Policy Committee's (MPC) decision to increase the repo rate by 35 basis points, Das said: "Resident entities in India are currently not permitted to hedge their exposure to gold price risk in overseas markets." "With a view to provi...
Indian entities can hedge gold price risk at IFSC: RBI
Indian entities can hedge gold price risk at IFSC: RBI
Source: IANS
7/12/2022 3:07:26 PM
Trust credibility of Indian regulations, India of today is different from what it was: RBI Governor Shaktikanta Das The India of today is vastly different from what it was earlier and regulators of other countries should trust the credibility of Indian regulations, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. He also hoped for an early resolution on the issue of derecognition of six Indian clearing houses by the European Securities and Markets Authority (ESMA). Responding to media queries on the subject, the Governor said the RBI is hopeful for a resolution soon. He said...
Trust credibility of Indian regulations, India of today is different from what it was: RBI Governor Shaktikanta Das
Trust credibility of Indian regulations, India of today is different from what it was: RBI Governor Shaktikanta Das
Source: IANS
7/12/2022 2:19:33 PM
Committee on sustainable finance suggests use of innovative instruments New Delhi, Oct 5  A acommittee of experts on "Sustainable Finance", formed by the International Financial Services Centres Authority (IFSCA), has suggested use of innovative instruments such as catastrophe bonds, municipal bonds, green securitisation, and blended finance among others. Focusing on the need to enhance capital flows in IFSC, the committee has endorsed the need to enable aggregation facilities, impact funds, and green equity in IFSC. In addition to this,...
Committee on sustainable finance suggests use of innovative instruments
Committee on sustainable finance suggests use of innovative instruments
Source: IANS
5/10/2022 8:06:13 PM
Permanent Capital: Answer to India's $10 Trillion Economy (Opinion) The development and expansion of Indian enterprises, especially in terms of improving capital use efficiency, can benefit from understanding global trends in money management and business efficiency. The one trend that has been in focus throughout the asset management industry, especially the private equity world, is "permanent capital". This is broadly defined as access to funds for long periods instead of the usual seven to ten-year fund horizon that has been the norm in the pr...
Permanent Capital: Answer to India's $10 Trillion Economy (Opinion)
Permanent Capital: Answer to India's $10 Trillion Economy (Opinion)
Source: IANS
22/09/2022 3:57:34 PM
Finance ministry notifies rules for overseas investment by Indian entities to promote ease of doing business The finance ministry has notified the consolidated rules for overseas investment by Indian entities to promote ease of doing business. The Foreign Exchange Management (Overseas Investment) Rules, 2022 will subsume extant regulations pertaining to Overseas Investments and Acquisition and Transfer of Immovable Property Outside India Regulations, 2015. The finance ministry said ‘In view of the evolving needs of businesses in India, in an increasingly integrated global market, there is need...
Finance ministry notifies rules for overseas investment by Indian entities to promote ease of doing business
Finance ministry notifies rules for overseas investment by Indian entities to promote ease of doing business
Source: Accord Fintech
23/08/2022 11:12:31 AM
NSE IFSC to introduce trading in US stocks The NSE International Exchange (NSE IFSC), a wholly owned subsidiary of the National Stock Exchange of India Ltd (NSE), has announced that trading in select US stocks will soon be facilitated through the NSE IFSC platform. The offering will be in the form of unsponsored depository receipts. IFSCA has facilitated the same under the regulatory sandbox, said a company statement. The entire trading, clearing, settlement, and holding of US stocks will be under the regulatory structure of the...
NSE IFSC to introduce trading in US stocks
NSE IFSC to introduce trading in US stocks
Source: IANS
10/08/2021 9:26:21 AM
Kotak Mahindra Bank issues India`s first FPI license to GIFT IFSC AIF Kotak Mahindra Bank Limited (KMBL Bank) on a Thursday announced that it has issued the first-ever FPI (foreign portfolio investment) license to the GIFT IFSC AIF (alternate investment fund) of True Beacon Global. This is the first FPI license issued to an AIF incorporated in GIFT IFSC by any custodian bank/Designated Depository Participant (DDP) in the country. Kotak Mahindra Bank's President, Banking & Financial Institutions Group, Sachin Samant said: "Foreign portfolio in...
Kotak Mahindra Bank issues India`s first FPI license to GIFT IFSC AIF
Kotak Mahindra Bank issues India`s first FPI license to GIFT IFSC AIF
Source: IANS
20/05/2021 5:54:39 PM