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REC receives RBI approval to establish wholly-owned subsidiary in Gujarat’s GIFT city

REC receives RBI approval to establish wholly-owned subsidiary in Gujarat’s GIFT city

May 6, 2024, 03:46 AM - 2 mins read

State-owned REC Ltd. said on Sunday it has received the RBI's approval to set up a subsidiary in GIFT City, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services.

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Amit Shah starts campaigning from Gandhinagar. Image X.

Shah's spiritual start: Hanuman temple visit marks Gandhinagar campaign kickoff

March 15, 2024, 01:30 AM - 2 mins read

Union Home Minister Amit Shah kickstarted his electoral campaign for the Gandhinagar Lok Sabha seat in Gujarat on Friday, invoking the spirit of nationalism and urging BJP workers to mobilize voters for the forthcoming elections.

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Image for representative use only.

GIFT-City gains momentum: Fintech institute set to revolutionize India's financial landscape

March 14, 2024, 11:15 AM - 3 mins read

In a strategic move to bolster India's burgeoning fintech ecosystem, the Government of India and the Asian Development Bank (ADB) have inked a pivotal USD 23 million loan agreement.

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Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman presided over the 28th Meeting of the Financial Stability and Development Council (FSDC) held today in New Delhi.

Sitharaman chairs 28th meeting of FSDC today, prioritizes boosting financial sector resilience

February 21, 2024, 05:35 AM - 2 mins read

The gathering addressed critical issues pertaining to macro financial stability and India's readiness to confront them effectively. Among the key deliberations were ongoing inter-regulatory matters aimed at bolstering the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) to solidify its position as a global financial hub, facilitating foreign capital inflow and financial services for the domestic economy.

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Nirmala Sitharaman delivered keynote address at seminar on ‘Gift City'

Sitharaman addressed at a seminar on ‘Gift City’ in Gujarat

January 11, 2024, 02:03 AM - 2 mins read

Sitharaman on Wednesday expressed deep confidence that India will be the third-largest economy in the world with a gross domestic product (GDP)of over $5 trillion by 2027-28.

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Paytm to invest 100 cr in GIFT city.

GIFT city secures 100 cr investment from Paytm

January 9, 2024, 09:50 PM - 2 mins read

With GIFT city as an ideal innovation hub for cross-border activity, Paytm will use its proven capability to innovate and build new tech for users across the globe looking to invest in India.

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