A number of family offices are evincing interest in setting up shop at GIFT IFSC (International Financial Services Centre), with the new norms allowing such offices to set up as an authorised fund management entity (FME) and utilise the corpus for investment outside India or for re-investment purposes.“The challenges, which existed earlier in respect of Indian resident entities not permitted t...

PM Narendra Modi inaugurated the NSE IFSC-SGX Connect in Gandhinagar on Friday. Investors in India and around the world can now trade Nifty contracts listed on the NSE IFSC seamlessly following global risk-management and clearing standards. They will have real-time access to NSE IFSC market data. Here’s a quick low-down on events that led to the Connect and how it will operate:How did Nifty deri...

Life Insurance Corporation of India’s (LIC) bid to buy a 15% stake in India International Exchange (India INX), an international exchange, and a similar stake in India International Clearing Corporation (India ICC) — both promoted by BSE and located at GIFT IFSC — may come to fruition after the government tweaked provisions of the Insurance Act last week to allow Indian insurers to invest in...

NSE IFSC Ltd, a subsidiary of National Stock Exchange (NSE), on Friday announced the launch of an international sustainability platform, at Gujarat’s GIFT City, which is expected to get operationalised in the second half of the year.This is a first of its kind ESG (environmental, social and governance) platform in India, NSE IFSC said in a statement.The platform will facilitate listing and tradi...

Individuals who want to invest in stocks of market leaders and technology innovators in the US have now got a platform to do it directly from India through NSE International Exchange (NSE IFSC), a subsidiary exchange of National Stock Exchange of India. The platform will allow investors to invest in US companies through a demat account with the depository in the Gujarat International Finance Tec-...