IFSCA
NSE International Exchange begins 23.5-hour trading, extends market access across global time zones
NSE International Exchange has introduced a 23.5-hour trading schedule, providing near-continuous market access across Asian, European and American time zones. The extended window aims to help global investors respond to international developments while strengthening GIFT City’s position as a global financial hub.
Razorpay gets final Gift City licence to expand cross-border payments
Razorpay has attained a payment service provider licence from the International Financial Services Centres Authority. This licence allows the company to process foreign-currency payments from its base in Gift City, Gujarat. The approval enables Razorpay to offer multi-currency accounts and facilitate international transactions. With established integrations with RBL Bank and ICICI Bank, the service is expected to be utilized shortly.
HDFC Capital creates Rs 1,500 crore residential platform with DivyaSree Developers
DivyaSree Developers has formed a partnership with HDFC Capital to establish a residential development platform. The new platform will provide growth capital to support residential projects over the next three to four years. There is a potential Gross Development Value of Rs 6,750 crore from the upcoming projects. The partnership reflects the ambitions of DivyaSree Developers for growth in urban markets.
Jio BlackRock International AMC (IFSC) launches JioBlackRock Advantage World Equity Fund (IFSC), its first GIFT City fund
JioBlackRock has launched the Advantage World Equity Fund through GIFT City, offering eligible Indian investors access to global developed-market equities. The feeder fund invests primarily in BlackRock’s actively managed strategy spanning the US, Europe and Japan.
Banks seek relief from sustainable lending norms for FCNR(B) loans
Banks have approached the International Financial Services Centres Authority regarding sustainable lending targets for international banking units. The request stems from a significant rise in Foreign Currency Non-Resident deposits at GIFT City. These deposits have surged following the Reserve Bank of India's swap facility introduced in June. It is expected that the IFSCA may provide similar exemptions as the RBI has done before.
India refines 1,200 tonnes of gold but consumes 800-850 tonnes: How GIFT City could help unlock major export opportunity
India’s 1,200-tonne gold refining industry could unlock new export opportunities through GIFT City, following the introduction of responsible sourcing and audit guidelines by the International Financial Services Centres Authority (IFSCA). The framework sets standards for refiners seeking Good Delivery accreditation to trade gold through the India International Bullion Exchange (IIBX).
From SGX Nifty to GIFT Nifty: Understanding the evolution of India's global market indicator
July 2023 heralded an important change for India as it moved from SGX Nifty to GIFT Nifty, a development with major implications for the financial sector. GIFT Nifty aligns with Indian regulations and provides attractive tax incentives for foreign investors. This initiative is intended to strengthen India's financial infrastructure and position it more firmly within the ranks of international financial hubs.
NSEIX, London Stock Exchange sign pact to deepen India-UK market links
NSE IFSC and the London Stock Exchange have signed an MoU to explore dual listings, cross-listings, new financial products and cross-border trading connectivity between GIFT City and London. The proposed collaboration could expand global investor access for Indian issuers, improve market connectivity and strengthen GIFT IFSC’s role as an international financial hub.
HDFC Capital, Godwitt Group to develop 100,000-bed workforce housing platform
HDFC Capital and Godwitt Group have partnered to create a workforce housing platform across India. This platform will develop and manage over 100,000 beds for frontline industrial workers. The aim is to enhance living standards and improve workforce mobility within the manufacturing sector. The Government of India's National Manufacturing Mission intends to significantly increase manufacturing's GDP contribution.
Saurabh Mukherjea’s Marcellus ties up with VanEck to widen global investment offerings for Indian investors
Marcellus Investment Managers has partnered with VanEck to expand its global investment offering for Indian investors through a multi-asset strategy. The portfolio will span global equity and bond ETFs, commodities and real assets, giving high-net-worth investors access to diversified global exposure and dollar diversification through Marcellus GIFT City.
From Rs 0 to GIFT: How TPFM is lowering the entry barrier for fund managers
Third-Party Fund Management Services under IFSCA regulations are transforming market entry into GIFT IFSC. By allowing emerging managers to utilize existing Fund Management Entities, TPFM lowers fixed infrastructure costs, shifting focus from building platforms upfront to raising fund capital and accessing established regulatory framework capabilities efficiently.
ETMarkets Smart Talk| ‘Desi to Videsi’: How GIFT City is changing the way Indians invest globally — Mustafa Pardiwala
GIFT City is emerging as a gateway for Indian investors seeking global diversification, offering access to US stocks, ETFs and sectors such as AI and semiconductors. Mustafa Pardiwala of Mirae Asset Capital Markets (IFSC) explains how investors can start with smaller amounts, the role of ETFs, currency risk and fractional investing.
Solar Industries’ Omnia acquisition to reshape growth, debt outlook
Solar Industries is performing well in the market despite broader weaknesses, primarily due to strong earnings. The planned acquisition of Omnia Holdings is expected to significantly increase revenue and profits in the long term. Management forecasts that combined revenues may substantially rise by FY28, enhancing overall financial performance. However, the acquisition could lower short-term profitability due to increased debt.
IPO Rush: Over 50 firms file DRHPs ahead of Sebi deadline
September 2025 marked a significant increase in Draft Red Herring Prospectuses submitted to Sebi with 55 submissions. Companies with a March 31 fiscal year end rushed to file before the September 30 deadline. Failing to meet this deadline could complicate their IPO plans, requiring updated audits and due diligence. The IPO market has surged since July, recovering from previous delays in activity.
Growpital case: Sebi to refund money directly to investors for first time
Securities and Exchange Board of India has ordered a refund for investors affected by Growpital's scheme. The refund will involve ₹192.88 crore raised from over five thousand investors through unregistered entities. Sebi will verify investor details with Cashfree Payments before issuing refunds proportionately. Investors will receive interest at a rate of 12% per annum from the date of the interim order.
Hospital stocks slip after SC query on steep cancer drug markups
In a landmark ruling, the Supreme Court of India highlighted troubling markups on cancer drugs enforced by hospitals, urging a probe into reports of patients being directed to specific pharmacies for their medications. Following this announcement, the BSE Hospitals Index faced a steep 5% drop, leading to notable losses for industry giants like Apollo Hospitals and Fortis Healthcare.
Can October turn the tide for Indian stocks after September rout?
As investors approach October, the landscape is shaped by high crude oil prices, increasing bond yields, and continued foreign selling. Historically, October has favored positive market returns, yet recent downturns could challenge this pattern. With the earnings season on the horizon, corporate profitability, particularly within large-cap stocks, will be under scrutiny.
GIFT City eyes direct listings without IPO to deepen equity market, says IFSCA's Pradeep Ramakrishnan
IFSCA plans to introduce a direct-listing framework at GIFT City within months, allowing companies to list shares without traditional IPOs. The move aims to deepen GIFT IFSC’s equity market, complementing its growing bond, overseas investment and sustainable finance ecosystem.
Shalimar Corp creates Rs 750 crore platform with HDFC Capital
HDFC Capital Advisors Limited has partnered with Shalimar Corp to create a significant investment platform in Uttar Pradesh. This collaboration aims to focus on residential and mixed-use developments across key cities including Lucknow, Varanasi, and Kanpur. The platform is expected to facilitate the construction of about 3,000 homes and over 5 million square feet of development space.
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