Unifi Capital launches two new funds via subsidiary in Gift City

[ad_1] Unifi Capital, an Indian portfolio management firm, has launched two new fund offerings through its subsidiary, Unifi Investment Management LLP (UIML), located in Gift City, International Finances Services Centre, Gujarat.The first offering is the Rangoli India Fund, an in-bound...

FLY91 sets up shop at IFSC Gift City; Adds Pune as 7th destination

[ad_1] After leasing two aircraft from IFSCA Gift City, Goa-based FLY91 has now approached the authorities to set up its own unit at Gift City. The airline has plans to induct over 30 aircraft in the next five years, and...

INX, NSE IX Merger: BSE pulls the plug on merger of Gift IFSC exchanges

[ad_1] The merger between India INX and NSE IX, the two stock exchange arms of BSE and National Stock Exchange operating at the International Financial Services Centre, has been called off, more than a year after talks began. A BSE...

IFSC Gift City: Aircraft leasing soars with 27 new units and 129% growth

[ad_1] The International Financial Services Centre (IFSC) at Gift City in Gujarat is experiencing a takeoff in aircraft leasing activity. The first quarter of 2024 (January-March) witnessed a significant surge, with a remarkable 27 new aircraft leasing units registering at...

AIFs can now issue offshore derivative instruments from Gift IFSC 

[ad_1] The market for offshore derivative instruments (ODIs) at Gift IFSC may get a fillip with non-bank entities allowed to issue such instruments. Also read:RBI breather for lenders on AIF investmentsSuch entities have to be registered with the Securities and...

Temporary site lab set up in GIFT City gets NABL recognition

[ad_1] A temporary site laboratory for testing aggregates and concrete at construction sites at GIFT City in Gujarat has become the first such laboratory to receive a formal “recognition” from the National Accreditation Board for Testing and Calibration Laboratories (NABL),The laboratory...

Carnelian AMC plans $250 mn offshore fund from GIFT City, says founder Khemani

[ad_1] 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 during the transformative period of  Amritkaal, its...

IFSCA sets up committee to transform GIFT City into climate finance hub

[ad_1] In order to transform GIFT City into a “climate finance hub”, the International Financial Centers Authority (IFSCA) has set up a standing committee that will come up with a framework for launching climate finance products.“Earlier our focus was on onshoring...

Mauritius’ tighter fund rules may spur shift to other jurisdictions 

[ad_1] Mauritius has stepped up scrutiny of offshore fund structures, resulting in longer timelines and a higher compliance burden for India-focussed funds.The tighter scrutiny, along with the recent amendment in the India-Mauritius tax treaty, tax notices to Mauritius-based funds by...

Merger of stock exchanges at GIFT City at advanced stage, to approach NCLT this month: IFSCA chairman

[ad_1] The proposal to merge the two international stock exchanges at GIFT City in Gujarat is at an “advanced stage” and is expected to reach the National Company Law Tribunal (NCLT) later this month, said K Rajaraman, chairman of International...
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