Latest News for: Offshore gifts

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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 ...
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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.
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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.
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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.
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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.
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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 ... .
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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 ...
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Vladimir Putin’s role in the global shift away from hostility of a single-nation

Blitz 16 Feb 2024
The documents also show that just before he was elected, he gifted his stake in a key offshore company, the British Virgin Islands-registered Maltex Multicapital Corp., to his business partner — soon to be his top presidential aide.
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Budget 2024: Tax exemption deadline extended by one year for these categories

Live Mint 01 Feb 2024
The Indian branches of foreign banks situated in GIFT City are now authorized to utilize these Offshore Derivative Contracts (ODCs) for investments in the Indian stock market.Entities in GIFT City ...
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FM’s gift: Startups get a tax breather

Live Mint 01 Feb 2024
... Finance Tec-City (GIFT-City) to claim tax breaks ... The government had also given tax breaks to businesses registering in GIFT City, particularly to offshore banking units and aircraft and ship lessors.
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Budget 2024: Startups get tax exemption, manufacturers left out

Live Mint 01 Feb 2024
Now, this timeline too has been extended by a year. The government had also given tax breaks to businesses registering in GIFT City, particularly to offshore banking units and aircraft and ship lessors.
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Budget 2024: Sitharaman proposes to extend tax exemption to GIFT units

The Times of India 01 Feb 2024
... in non-deliverable forward contracts and offshore derivative instruments.
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Coup d’état in Kiev imminent, CIA wants end of Zelensky

Blitz 31 Jan 2024
The documents also show that just before he was elected, he gifted his stake in a key offshore company, the British Virgin Islands-registered Maltex Multicapital Corp., to his business partner — soon to be his top presidential aide.

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