News for 'International Financial Services Centre'

Gulf War: Hormuz Is Becoming The Central Battlefield

Gulf War: Hormuz Is Becoming The Central Battlefield

Rediff.com23 Mar 2026

The question is no longer whether the war will expand. It has. The next few days will tell us whether the war stabilises around Hormuz or whether the Strait itself becomes the trigger for a far larger rupture. What to watch for over the next 48 hours is simple: Any move by the US toward direct naval control of the Strait; any credible Iranian attempt to disrupt or mine shipping lanes and, critically, whether energy infrastructure in the Gulf continues to be targeted.If those lines are crossed in tandem, the war will no longer be containable within the region.

TCS pegs $1.5 bn AI revenue, seeks to become largest AI-led tech firm

TCS pegs $1.5 bn AI revenue, seeks to become largest AI-led tech firm

Rediff.com17 Dec 2025

The country's largest IT services firm Tata Consultancy Services on Wednesday outlined an aggressive plan to become the "world's largest AI-led technology services company" as CEO K Krithivasan shared that the company has logged about $1.5 billion in annualised revenue.

India must use current geopolitical churn to build manufacturing scale at home: Amitabh Kant

India must use current geopolitical churn to build manufacturing scale at home: Amitabh Kant

Rediff.com26 Feb 2026

India should resist knee-jerk responses to tariff volatility in the US and instead use the current geopolitical churn to build manufacturing scale at home, former G20 Sherpa and former chief executive officer of NITI Aayog Amitabh Kant said on Wednesday.

NSE to set up an international exchange in Gujarat's GIFT City

NSE to set up an international exchange in Gujarat's GIFT City

Rediff.com26 Feb 2015

New exchange will provide an electronic platform for trading.

War Exposes Cracks in US-Israel Alliance

War Exposes Cracks in US-Israel Alliance

Rediff.com20 Mar 2026

Alliances fight wars effectively only when they share an endgame. If Israel acted without US knowledge, then the military alliance is operating without real coordination at the level of strategic targeting. Neither picture is reassuring in a war that is no longer regional in its consequences. Prem Panicker continues his must read daily blog on the Gulf War.

Why 2026 Is Crucial Year For India's Military

Why 2026 Is Crucial Year For India's Military

Rediff.com14 Jan 2026

'The tools of warfare are changing. The MoD must deepen its engagement with technology thinkers that can present compelling visions of where warfare may be heading.'

Foreign investors to increase participation in NSE IX

Foreign investors to increase participation in NSE IX

Rediff.com5 Nov 2024

Trading turnover on NSE IX has been witnessing an uptrend and this momentum is likely to continue thanks to the growing global interest in the overall India growth trajectory, MD & CEO of NSE International Clearing Neeraj Kulshrestha has said. Speaking at the Singapore Fintech Festival (SFF) on Monday Kulshrestha said foreign investors are likely to further increase their participation in GIFT City NIFTY.

US visa curbs, AI surge will shape Indian IT in 2026

US visa curbs, AI surge will shape Indian IT in 2026

Rediff.com23 Dec 2025

India's $280-billion IT industry heads into 2026, balancing visa-related headwinds and global trade uncertainty against its biggest-ever push into artificial intelligence and the rapid expansion of global capability centres (GCCs). Heightened scrutiny of the US H-1B visa programme - including a proposed $100,000 fee for new visas and concerns over a potential 25 per cent outsourcing tax - has complicated cross-border delivery for Indian firms, even as companies accelerate efforts to reduce reliance on onsite staffing.

2025 Marks India's Arrival As A Great Power

2025 Marks India's Arrival As A Great Power

Rediff.com26 Jan 2026

In a world fractured by uncertainty, India stands out for its policy consistency, paired with sustained ambition, points out Pritam Banerjee.

Will Trump Send Troops To Iran By The Weekend?

Will Trump Send Troops To Iran By The Weekend?

Rediff.com26 Mar 2026

Taking Kharg would give the US control over virtually all of Iran's oil exports and thus provide significant leverage, notes Prem Panicker in his must read daily blog on the Gulf War. It would also put American troops within range of Iran's remaining missiles, drones, and artillery on a piece of real estate that is just eight square miles in size, and just 15 miles from the Iranian mainland.

Inderjit Singh Bindra: Architect of Modern Indian Cricket

Inderjit Singh Bindra: Architect of Modern Indian Cricket

Rediff.com27 Jan 2026

As he is laid to rest, Indian cricket bids farewell to one of its greatest administrators -- a visionary who understood that breaking monopolies and building stadiums were about the same thing: Giving millions of cricket-loving Indians the infrastructure worthy of their passion.

Has US Repeated Its Iraq Mistake?

Has US Repeated Its Iraq Mistake?

Rediff.com11 Mar 2026

Israel and the United States had a plan. Iran punched back. And now the Gulf is reeling, the world is beginning to feel the pain and, as on date, no one in Washington or Tel Aviv appears willing to admit that the punch has landed, notes Prem Panicker, continuing his must-read blog on the war in the Middle East.

Insurance staff oppose pvt sector entry in top PSU posts

Insurance staff oppose pvt sector entry in top PSU posts

Rediff.com14 Oct 2025

The All India Insurance Employees' Association has opposed the government directive seeking to open up top posts in the state-owned insurers to the private sector, saying this would lead to greater private influence and "eventual privatisation".

'Money Comes Only When Markets Do Well'

'Money Comes Only When Markets Do Well'

Rediff.com4 Feb 2026

'Given that India underperformed emerging markets by 28 per cent in 2025, the worst performance in over 30 years, the timing of the sharp STT hike could have been better.'

Modi, Merz set for Ahmedabad talks amid rising global tensions

Modi, Merz set for Ahmedabad talks amid rising global tensions

Rediff.com11 Jan 2026

In their talks, Modi and Merz are likely to deliberate on trade and investment ties as New Delhi is looking at deepening economic engagement with Europe against the backdrop of Washington's 50 percent tariff on Indian goods, people familiar with the matter said.

NRIs yet to fully warm up to GIFT City's higher FPI limits

NRIs yet to fully warm up to GIFT City's higher FPI limits

Rediff.com20 Sep 2024

The Securities and Exchange Board of India (Sebi) has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country's international financial services centre (IFSC). However, the Indian diaspora is yet to fully embrace this new route. The regulator allowed this route to enhance the fund ecosystem at GIFT City and attract genuine investments from overseas Indians.

NRIs likely to get bigger play in local equities through GIFT City FPIs

NRIs likely to get bigger play in local equities through GIFT City FPIs

Rediff.com3 Dec 2023

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.

Why Budget 2026 Deserves 8.5/10

Why Budget 2026 Deserves 8.5/10

Rediff.com2 Feb 2026

This is the first Budget in my memory of Budgets over the last half a century which has embraced upfront, enthusiastically and emphatically, technology, modernity and fiscal sobriety, notes Shreekant Sambrani.

Nirmala Sitharaman: 'Focus Of Budget Was To Keep Stable Growth Going'

Nirmala Sitharaman: 'Focus Of Budget Was To Keep Stable Growth Going'

Rediff.com6 Feb 2026

'We kept this Budget on a larger plank, rather than on one incident, however serious.'

Foreign companies' tax burden at record low in India

Foreign companies' tax burden at record low in India

Rediff.com24 Feb 2025

Foreign companies now pay less tax relative to their earnings than at any time in more than three decades. Foreign private companies paid 24.36 per cent of their pre-tax profit as tax in 2023-24, show numbers from the Centre for Monitoring Indian Economy (CMIE).

JLR Cyberattack Triggers $2.55 Billion Shockwave

JLR Cyberattack Triggers $2.55 Billion Shockwave

Rediff.com23 Oct 2025

At an estimated 1.9 billion in losses and over 5,000 UK organisations affected, the Jaguar Land Rover cyberattack has been labelled the most economically damaging cyber incident in UK history, exposing the deep vulnerability of interconnected supply chains.

NDA promises jobs to 1 cr youth, Rs 2000 for SC students

NDA promises jobs to 1 cr youth, Rs 2000 for SC students

Rediff.com31 Oct 2025

The NDA released its manifesto for the Bihar assembly polls, promising jobs, infrastructure development, and social welfare programs.

Agenda of special Parliament session is to separate Mumbai: Maha Congress chief

Agenda of special Parliament session is to separate Mumbai: Maha Congress chief

Rediff.com11 Sep 2023

Maharashtra Congress chief Nana Patole on Monday alleged that the agenda of the upcoming special session of Parliament is to separate Mumbai from the state and declare it as a Union territory.

Modi inaugurates India's first international exchange

Modi inaugurates India's first international exchange

Rediff.com9 Jan 2017

INX will trade initially in equity derivatives, currency derivatives, commodity derivatives including index and stocks

Air India acquires first A350 aircraft through GIFT City

Air India acquires first A350 aircraft through GIFT City

Rediff.com29 Sep 2023

Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City. This is also the first wide body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC). In a release, the airline said the transaction was facilitated by its wholly-owned subsidiary AI Fleet Services Ltd (AIFS) and is also the first financing transaction from the orders for 470 aircraft that were made earlier this year.

How Mumbai can be transformed

How Mumbai can be transformed

Rediff.com23 May 2006

Can Gujarat's GIFT city be Asia's next financial hub?

Can Gujarat's GIFT city be Asia's next financial hub?

Rediff.com5 Aug 2020

'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'

Reits keep lights on for India's office leasing as market flickers

Reits keep lights on for India's office leasing as market flickers

Rediff.com13 Oct 2025

With average returns of 18 per cent over the past year, listed real estate investment trusts (Reits) have clearly outperformed both the Nifty Realty index and the Sensex. Over the same period, Nifty Realty fell 15.5 per cent, while the benchmark index was largely unchanged. Steady office leasing, the Securities and Exchange Board of India's (Sebi's) decision to reclassify Reits as equity instruments, and ongoing portfolio expansion have strengthened the sector's appeal.

Direct listing of firms at GIFT City likely by year-end

Direct listing of firms at GIFT City likely by year-end

Rediff.com7 Sep 2023

The International Financial Services Centre Authority (IFSCA) plans to operationalise the framework for direct listing of companies at International Financial Services Centre (IFSC) exchanges by the end of the year, said Chairperson K Rajaraman. He added that the amendments would be notified within three months. Further, the GIFT City regulator is also considering the launch of separate payments system regulations - similar to that of the real time gross settlement (RTGS) for banking within a few months.

Issuers in wait-and-watch mode for overseas listing at GIFT City

Issuers in wait-and-watch mode for overseas listing at GIFT City

Rediff.com2 Feb 2024

With the government clearing the decks for direct listing at the Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC), issuers will wait for the ecosystem to develop further before firming up their listing plans. In the meantime, most companies may continue to prefer listing in the onshore market, even as the new avenue provides key benefits such as tax waivers and reduced foreign exchange risk. Sources said that a few key things need to be ironed out further.

'My Life Has Been Paused Without My Consent'

'My Life Has Been Paused Without My Consent'

Rediff.com12 Dec 2025

Thousands of Indian H-1B workers are stranded in India after sudden visa appointment cancellations at US consulates.

'TCS Can Survive Without H-1B Visas'

'TCS Can Survive Without H-1B Visas'

Rediff.com21 Oct 2025

'We sent just 500 people from India to the US on H-1B visas. There is no dependence on H-1B visas.'

Sitharaman on how India will remain an engine of growth despite Trump's tariff

Sitharaman on how India will remain an engine of growth despite Trump's tariff

Rediff.com8 Apr 2025

The resilience of the economy and strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs, Finance Minister Nirmala Sitharaman said in London on Tuesday.

NSE faces around 170 mn cyberattacks daily!

NSE faces around 170 mn cyberattacks daily!

Rediff.com12 Oct 2025

The National Stock Exchange (NSE) faces around 170 million cyberattacks daily, requiring a dedicated team of "cyber warriors" to work around the clock to ensure uninterrupted operations. The NSE recorded its highest-ever 40 crore (400 million) cyberattacks in a single day during 'Operation Sindoor', designed as a DDoS simulation. However, attackers failed to cause any damage due to the coordinated efforts of men, machines, and advanced technology.

How Operation Sindoor Changed Security Doctrine

How Operation Sindoor Changed Security Doctrine

Rediff.com13 Jan 2026

'Some success has been achieved in raising the costs of terrorism for Pakistan.'

Why Gen Z Is Investing In US Stocks

Why Gen Z Is Investing In US Stocks

Rediff.com27 Jun 2025

They don't just want better returns -- they're looking for global opportunities, more variety and smarter ways to grow their money, says Soubho Moulik, CEO, Appreciate.

India rejects IMF view that US tariffs will stay indefinitely, hit growth

India rejects IMF view that US tariffs will stay indefinitely, hit growth

Rediff.com27 Nov 2025

The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.

IFSCA looks to clear decks for startups' direct listing at GIFT City

IFSCA looks to clear decks for startups' direct listing at GIFT City

Rediff.com29 Aug 2023

The International Financial Services Centres Authority (IFSCA) has proposed key exemptions to the current listing framework and measures for setting up holding companies (holdcos) and special purpose acquisition companies (SPACs) to encourage domestic startups list at GIFT City, the country's only international financial services centre (IFSC). Under the current framework, to be eligible to list on IFSC exchanges, an issuing company should have operating revenue of at least $20 million in the preceding financial year and average pre-tax profits of at least $1 million during the preceding three financial years. An expert committee has noted these conditions have acted as hurdles to listing new-age companies, and they need a relook.

H1B Visa Hike: Come Back Home, Say Experts

H1B Visa Hike: Come Back Home, Say Experts

Rediff.com24 Sep 2025

'Returning Indians can leverage their international skills and the strong funding environment for start-ups here.'

BSE calls off merger of GIFT City unit with NSE

BSE calls off merger of GIFT City unit with NSE

Rediff.com24 May 2024

The stock exchange BSE has called off the merger of its unit at the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC), India International Exchange (India INX), with NSE International Exchange (NSE IX), a similar unit floated by rival National Stock Exchange (NSE), according to sources familiar with the development. BSE and NSE had been in discussions for the merger for over a year, but it has yielded no results, they said.