REC avails ₹1,670 cr green loan from Deutsche Bank GIFT City
The power sector financier had already availed a tranche of green loan in April 2024 from the Italian export credit agency, SACE under their Push Strategy programme.
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RBI allows resident Indians to open foreign currency accounts in GIFT City
Indian residents are allowed to remit up to $250,000 (around ₹2.06 crore) per year without any prior approval from the Reserve Bank of India.
Govt allows direct listing of Indian companies on GIFT City's exchanges
Eligible platforms for this initiative include India International Exchange and NSE International Exchange
India driving global growth, says Nirmala Sitharaman
India is now driving the growth engine of the world and it can become the bridge between the developed Western world and the Global South, says FM
Vibrant Gujarat Global Summit 2024: Paytm to invest ₹100 cr in GIFT City
Paytm plans to build a global financial ecosystem in GIFT City; to also set up a development centre to develop AI solutions
States On ‘Trillion Dollar’ Mission
Top five states set their own targets to contribute to India’s ambitious economic growth plan.
Air India borrows $120 mn from SMBC to buy Airbus plane
The transaction was executed with the assistance of Air India’s wholly-owned subsidiary in GIFT City
Global Universities Up Their India Game
Foreign players setting up campuses in India will compete with local counterparts to attract best students. Educators believe this will lift the quality of learning.
Infibeam Avenues to list digital marketing arm; plans to foray into AI space
Odigma Consultancy Solutions, which is into web development and online marketing, will be listed on domestic stock exchanges
HDFC Bank secures RBI approval for step-down subsidiary
The step-down subsidiary will be set up through HDFC Securities Limited for offering broking and clearing services in IFSC at GIFT City.
