Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements. The bank is looking for a $2-billion loan book in the first five years of business.
The beautiful twinkling Christmas markets that come up across the world, as December begins, allow you to step into the magic Christmas.
At the end of October, Sri Lanka President Maithripala Sirisena handed over the deeds for the transfer of 116 hectares in Colombo Port City to China Harbour Engineering Company on a 99-year lease to build a financial centre.
Sebi has approved the norms for financial institutions setting up shop at GIF City in Ahmedabad.
Vaa Vaathiyar ends up being a bland yet fascinating iteration of a masala film funnelled through the prism of a quirky humorist, notes Arjun Menon.
As per the Budget proposals, migration of a fund to a fund in IFSC will not be regarded as transfer if done on or before March 31, 2023. Transfer of units will be tax neutral. Grandfathered investments of the fund to continue to enjoy capital gains exemption on future sale by the IFSC fund. There is no impact on carry forward of losses for the investee company.
The Securities and Exchange Board of India (Sebi) may allow non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) greater exposure to domestic equities if their investments are sent through foreign portfolio investors (FPIs) registered at the GIFT City International Financial Services Centre (IFSC). The proposal will be taken during Sebi's board meeting on Saturday along with other key agenda items such as easing of voluntary delisting mechanism and introduction of a regulatory framework for real estate fractional ownership platforms, said people in the know. At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent.
From Bengaluru to GIFT City, British universities scale up India presence, cementing the UK's lead in global higher education partnerships.
Tendulkar also hoped that 'India also reaches the height that we all aspire to (in football).'
The Gujarat International Finance Tech-City, or Gift City, is expected to be spread over 886 acres and will have a special economic zone on 261 acres.
The final day of the GOAT India Tour will also see Messi exchanging greetings with two members of the Indian cricket team at the Ferozshah Kotla Stadium.
Finance Minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system in GIFT IFSC, which will facilitate seamless transactions on real-time basis, enhance liquidity management, and ensure compliance.
'...including my baby sisters, age three and one.' 'My dad was humiliated, and he started screaming at them.'
Bangkok is a fast, 24-hour megapolis, full of joie de vivre and buoyance that you will be instantly smitten, like I was.
For long stretches, the atmosphere felt less Mumbai and more Camp Nou. Chants of 'Barca... Barca' and 'Suarez... Suarez' echoed through the stands as Messi interacted with youngsters, celebrities and former India football captain Sunil Chhetri.
Nearly three decades after the ambitious project was first conceived to decongest the existing airport in the financial capital, the greenfield Navi Mumbai International Airport became a reality on Thursday as an IndiGo Airbus A320 from Bengaluru landed on the tarmac at 8 am amid a traditional water cannon salute.
They weren't up for a windfall even after the trophy but life was certain to get a lot better as some sponsors and state governments stepped up to lift them financially.
AI means 'All Inclusive' for India, asserted Prime Minister Narendra Modi on Thursday while stressing that India Stack is a beacon of hope for the world, especially for countries in the Global South.
Aseem Chhabra ranks the Best of 2025's films that released in theatres, or went directly to OTT platforms.
Argentine superstar Lionel Messi has sent his signed 2022 World Cup victorious jersey to Prime Minister Narendra Modi for his 75th birthday.
It took 10 Premier League games for the first cracks to appear in Manchester City's facade last season, but Pep Guardiola got a much earlier reminder of his side's fall from grace on Saturday in another defeat to Tottenham Hotspur.
'We currently have new proposals worth Rs 1.48 trillion in the pipeline.'
Work on projects worth Rs 1,000 cr in full swing: Gift City
An inspired Kylian Mbappe scored two fabulous goals to guide Real Madrid to a commanding 3-0 win at Athletic Bilbao on Wednesday, ending their three-game winless streak in LaLiga.
rediffGURU T S Khurana answers readers' personal income tax queries
'It feels like the universe gently whispered, 'Pause, don't rush away yet, there's a story waiting for you here'.'
New exchange will provide an electronic platform for trading.
'Initiatives such as the Young Professionals Scheme also offer young graduates the chance to live and work in the UK after gaining experience.'
Arsenal re-established their five-point lead at the top of the Premier League with a 2-0 home win against Brentford on Wednesday and for the second evening running the goals flowed as Aston Villa won 4-3 in a thriller at Brighton and Hove Albion.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Finance Minister Arun Jaitley on Monday said state governments should emulate the concept of 'Gujarat International Finance Tec-City'
In a spectacular display of admiration and affection, Gujarat Titans celebrated their skipper Shubman Gill's birthday by lighting up Ahmedabad with a massive projection.
Lawful possession means having both actual control over a property and a valid legal right to keep it, usually based on a registered sale deed, lease agreement, or lawful allotment.
Aditi Rao Hydari turned 47 on October 28, and was whisked off to Paris by hubby Siddharth to bring in her birthday in the romantic city.
The Budget will focus on Gujarat's GIFT City.
The exchange, say sources, began mock trading from early October and around 250 Indian brokers have said they'd take membership of the international exchange.
Entities controlled by governments - sovereign wealth funds, and pension funds - have recorded higher growth in equity assets under custody compared to other foreign portfolio investors (FPIs) over the past five years.
India's Diwali sales touched a record Rs 6.05 lakh crore -- comprising Rs 5.40 lakh crore in goods and Rs 65,000 crore in services -- buoyed by the recent GST reform and strong consumer sentiment, traders' lobby CAIT said on Tuesday. The Confederation of All India Traders (CAIT) based its findings on a nation-wide survey across 60 major distribution centres including state capitals and Tier 2 & 3 cities conducted by its research wing.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances