Latest News for: Offshore gifts

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SGX-NSE Connect all set to start operations at GIFT-IFSC

Business Line 06 Apr 2021
The Singapore Stock Exchange (SGX) is all set to start its offshore office in India at the International Financial Services Centre (IFSC) at GIFT City in Gandhinagar, thereby paving the way for trading of globally popular products such as SGX Nifty Futures on Indian soil through the IFSC platform.
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Singapore stock exchange to open office at GIFT City

Yahoo Daily News 05 Apr 2021
Ahmedabad, Apr 5 (PTI) Singapore Stock Exchange (SGX) will be establishing its offshore office at Gujarat International Finance Tec-City (GIFT-City) in Gandhinagar, an official release said on Monday ... Singapore Stock Exchange (SGX) at the GIFT City by April-end, the release said.
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Here's how Marco Rubio turned the Senate Intelligence Committee into a Trump defensive team

Alternet 23 Mar 2021
Meeting notes from Manafort's phone included cryptic financial references to offshore accounts such as "OffshoreCyprus/ 133m shares."Trump regularly received gifts from his Russian friends including a watch, artwork and decorative box holding a personal letter from Putin.
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How Marco Rubio turned the Senate Intel Committee into a Trump defensive team

Raw Story 20 Mar 2021
Meeting notes from Manafort's phone included cryptic financial references to offshore accounts such as "Offshore - Cyprus/ 133m shares."Trump regularly received 'gifts' from his Russian friends including a watch, artwork, and a gift from Putin to Trump—a decorative box and personal letter from Putin.
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Deny SPACe

Business Line 16 Mar 2021
If any of the issuers fail to make the intended acquisitions, it may impact the credibility of the GIFT-IFSC. While it is good that the Government is not attempting to introduce these products in the domestic market, it’s best not to introduce this in the GIFT-IFSC either, given that the offshore centre is at a very nascent stage of development.
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View: What’s India’s beef with Bitcoin, really?

The Times of India 16 Mar 2021
A lot of the experiments that fintech firms are doing in blockchain, she said, will be taken up “in a big way” in the offshore financial center in Gift City in Gujarat, Prime Minister Narendra Modi’s home state.
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What’s India’s beef with Bitcoin?

Live Mint 16 Mar 2021
A lot of the experiments that fintech firms are doing in blockchain, she said, will be taken up “in a big way" in the offshore financial center in Gift City in Gujarat, Prime Minister Narendra Modi’s home state.
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Mets’ Pete Alonso and Jeff McNeil won’t get money they asked for

New York Post 11 Mar 2021
More On.. new york mets. Post sports reporters remember when COVID-19 took over. ‘I had no clue’. Why Mets celebrated like they just won World Series. The $40 million question awaiting the Mets ... NOT TO get all offshore casino here, but let’s say... Francisco Lindor announced a $1 million gift to his alma mater, Montverde (Fla.) Academy ... .
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GIFT City's residential development gets boost from Gujarat govt

Yahoo Daily News 10 Mar 2021
Until now, only those working in GIFT City could occupy residences there ... With the recent tax incentives announced in Union Budget coupled with stamp duty exemption by Gujarat government, GIFT City said it is witnessing heightened interest for participation from corporates who want to do their offshore business onshore from GIFT City.
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Bourses join hands for bullion exchange

Business Line 01 Mar 2021
The move will now pay for retail participation in Gift city for the first time since its inception in 2015.Tax breaks. In order to attract hedge funds (category III AIFs that raise monies from non-resident investors) investment in Gift City the government had offered taxation sops bringing the regime in line with the offshore tax treaties.
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Messi has to weigh up the pros and cons of possible Saudi deal

Irish Independent 21 Feb 2021
Lionel Messi is the man whom the kingdom’s tourism authority, Visit Saudi, wants to give its country’s hitherto under-developed tourism industry the global boost it thinks it needs ... Read More ... Now living in Dubai, and beyond the jurisdiction of Spanish courts, Juan Carlos was discovered to have received $100 million as a gift in an offshore account ... .
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Indian investors will see wealth erosion if govt bans crypto trade

The Times of India 21 Feb 2021
Mumbai ... Indian investors, however, will not face prosecution for prior actions if a ban is implemented ... While Berstein director (financials & fintech) Gautam Chhugani tweeted on Sunday that India should make GIFT City an offshore crypto hub as the ring-fencing will address regulatory concerns while giving investors and entrepreneurs freedom ... .
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Aircraft leasing business can now take wings out of GIFT City

Business Line 19 Feb 2021
Currently, India has only one IFSC in GIFT City in Gujarat.Conditions ... Reacting to this move to issue the final framework for Aircraft leasing activities, Tapan Ray, MD & Group CEO, GIFT City, "The framework on aircraft operating lease would pave the way for offshore leasing entities to serve India’s hinterland demand from GIFT IFSC.
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GIFT ideas

Business Line 12 Feb 2021
The changes made in the Budget to taxation of foreign investors operating in the GIFT International Financial Services Centre (IFSC) along with the recent move by the RBI to allow domestic investors to invest there, show that the Centre and the central bank are acting in tandem to make the Indian IFSC an active offshore investment hub.

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