Latest News for: Offshore gifts


HSBC and StanChart step up GIFT City play, buy stakes in CCIL-IFSC

The Economic Times 22 May 2024
"Being the global bank that we are, what we do, therefore, is connect India to the rest of the world and connect the rest of the world to India and GIFT is clearly onshoring what was happening offshore," HSBC India CEO Hitendra Dave told ET ... .

Editorial. GIFT for FPIs

Business Line 07 May 2024
These investors are likely to be more aware of the investment opportunities in India and may take the GIFT IFSC route to enjoy the tax benefits that the offshore centre offers ... GIFT City is beginning ...

India's exchanges spar for dominance in hot derivatives market

Business Line 06 May 2024
AIFs can now issue offshore derivative instruments from Gift IFSC ... ....

IFSC Authority permits Foreign Portfolio Investors to issue derivative instruments with Indian securities

Beijing News 04 May 2024
... Instruments with Indian securities as underlying assets in the GIFT-IFSC ... It was declared that Offshore Derivative Instruments (ODIs) issued in GIFT-IFSC would be recognized as valid contracts.

AIFs can now issue offshore derivative instruments from Gift IFSC

Business Line 03 May 2024
The market for offshore derivative instruments (ODIs) at Gift IFSC may get a fillip with non-bank entities allowed to ...

Here’s how to protect yourself from rising job scams online

The Siasat Daily 02 May 2024
Melbourne ... But it doesn’t mean we should get complacent ... Sometimes, job scammers promise a high commission if the person uses their own bank account to transfer existing funds into an offshore account, cryptocurrency exchange or gift cards ... .

Carnelian AMC plans $250 mn offshore fund from GIFT City, says founder Khemani

Business Line 18 Apr 2024
Carnelian Asset Management and Advisors plans to float a $250 million offshore fund from GIFT City in Gujarat to tap offshore clients who are keen to invest and ride on India’s exponential growth ...

UK court sentences former Ministry of Defence official to 30 months imprisonment for misconduct

Jurist 14 Apr 2024
The charges against Cook were advanced by the Serious Fraud Office (SFO) and concerned secret payments in exchange for commissioning work from offshore consultants for the MoD.

Former JSW Sports CEO launches ₹350 cr sports tech, gaming fund

Live Mint 04 Apr 2024
... fund, CCC will soon launch an offshore feeder fund in Gift City to raise capital from international investors. The fund has already completed its first two investments in the sports tech space.

GIFT City to host India’s first regulated global realty and infra-asset tokenization platform

CryptoNewsZ 21 Mar 2024
GIFT City may soon host India’s first regulated global realty and infra-asset tokenization platform ... The development comes days after several Indian asset managers expressed their desire to move their offshore fund business to GIFT City.

South Korea to Debut Crypto Management System in 2025 Ahead of Crypto Gain Tax Implementation

Coinspeaker 11 Mar 2024
Coinspeaker ... Authorities in South Korea view the introduction of the asset management system as a necessary response to the growing prevalence of illegal activities like money laundering, irregular inheritance gifting, and offshore tax evasion ... next.

Would love unicorns emerge in agritech, energy transition, clean tech space, says DPIIT’s Rajesh Kumar Singh

Financial Express 28 Feb 2024
Also ReadPower supply saw deficit of 1.4% in April-Jan ... Lenders may take JAL to NCLT ... The government would prefer that they start using other avenues, including the offshore sort of financing framework that we have set up in GIFT City ... .

Barjeel Geojit gets SCA license to manage investment funds in the UAE

Gulf News 21 Feb 2024
With the opening of Geojit IFSC office in the ‘GIFTCity, Gujarat, India – the emerging offshore financial hub, Barjeel & Geojit will offer an array of financial services and open doors to ...