Latest News for: Offshore gifts


Biden Administration Offers Fewest Offshore Oil and Gas Leases in History

Democratic Underground 29 Sep 2023
Deb Haaland, the Interior Department secretary, said in a statement that the plan “sets a course for the department to support the growing offshore wind industry and protect against the potential for environmental damage and adverse impacts to coastal communities.” ... https.//

AIFs may be allowed to issue P-notes from IFSC

Business Line 24 Sep 2023
... participatory notes from GIFT IFSC, said two people familiar with the matter.

Chris Bowen has had a ‘shocker of a week’: Peta Credlin

The Daily Telegraph Australia 21 Sep 2023
“He’s been criticised about this massive offshore wind farm off Port Stephens. “Chris Bowen – the gift that keeps ...

Tax waiver for ETF capital gains on GIFT exchange

Financial Express 13 Sep 2023
Nifty to reclaim 20,100 or fall in trade? See GIFT Nifty, FII data, crude, F&O ban, more before market opens ... set up in GIFT City ... Overseas listing treatment to firms listing in GIFT IFSC would help the Indian firms take advantage of lenient tax rules for the offshore facility.

LSE listing for Indian firms soon

Financial Express 12 Sep 2023
Sitharaman said the UK has expressed willingness to further expand its footprint in the Gift City IFSC and foster a robust fintech partnership ... Overseas listing treatment to firms listing in GIFT IFSC would help the Indian firms take advantage of lenient tax rules for the offshore facility.

Parekh says GIFT City demonstrates India\u2019s capability to re-image its cities

Indian Express 17 Aug 2023
'Gift City was no doubt an idea long in the making ... The opportunities for Gift City are rapidly unfolding across sectors \u2013 be it offshore banking, finance companies, alternative investment funds, bullion markets, asset management, insurance, global trading, treasury operations, IT and IT enabled services and real estate.

UGC drafts guidelines to recognise foreign degrees, bars online or distance mode

Indian Express 17 Aug 2023
Guidelines were also issued for educational qualifications from schools under a foreign board, or any degree from an offshore campus. The regulations come at a time when foreign universities are in the advanced stages of setting up campuses at GIFT City in Gujarat and Indian ...

Editorial. Direct listing of Indian cos in GIFT IFSC good idea

Business Line 02 Aug 2023
Similarly, if a highly popular public issue akin to the Coal India IPO, which attracted foreign portfolio money amounting to more than ₹1-lakh crore is done on the GIFT IFSC, not only will it move the IFSC into the limelight, but will also help bring FPIs to the Indian offshore centre.

How can family offices diversify their portfolio through GIFT city route

The Times of India 28 Jul 2023
The Gujarat International Financial Tec-City (GIFT City), started in 2007, is India’s first International Financial Services Centre created to provide a facility as available in other countries ... Foreign and local banks that open branches in Gift City will be treated as foreign branches of that bank.

The race to defuse an oil ‘time bomb’ disaster threatening the Red Sea

Grist 25 Jul 2023
Ten days ago, the crew of a ship called the Nautica lifted anchor in Djibouti and motored north in the Red Sea ... Thus began an operation that’s the ecological equivalent of placing the pin back into a hand grenade ... Just getting this far is a diplomatic triumph for the UN ... They soon realized a strategic gift lay just offshore ... Mohammed Hawaii / AFP ... .

ACME’s ₹6,000-cr REC loan may shift to USD

Business Line 24 Jul 2023
GIFT City is a business district and a special economic zone. A bank can set up a business unit in the International Financial Service Centre at the GIFT City. According to norms, the unit will be treated as an offshore banking unit ...

Can GIFT City be India’s Hong Kong?

Business Line 19 Jul 2023
When GIFT City’s international financial centre was inaugurated in 2015, it was intended ...

Finance minister Nirmala Sitharaman calls for wider G20 data sharing

Financial Express 17 Jul 2023
“At present, GIFT IFSC has more ... GIFT-IFSC is designed to create an internationally comparable regulatory framework under a special offshore status within India, and it is expected to attract businesses from established IFCs like Dubai, London and Singapore over the next few years.

A new era for India’s financial landscape

Financial Express 12 Jul 2023
The NSE IX–SGX GIFT Connect creates a financial corridor between India and Singapore, and can drive deeper liquidity for the Nifty ... The popular Singapore Stock Exchange (SGX) index, SGX Nifty, now known as GIFT Nifty, has been launched on the NSE International Exchange (NSE IX) at the International Financial Services Centre in GIFT City.

GIFT City to deepen India's integration with global finance

The Times of India 04 Jul 2023
As an offshore jurisdiction within India, GIFT can offer financial services within a liberalised foreign exchange regime ... from other offshore locations were withdrawn, making GIFT all the more attractive for issuing foreign currency loans for Indian corporates with zero WHT.

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