Tax perspective of direct listing of firms on GIFT IFSC

Tax perspective of direct listing of firms on GIFT IFSC

It took around 20 years of persistent hard work by Infosys founder Narayana Murthy to ensure its listing on the US stock exchange, in 1999, the first Indian company to get listed on Nasdaq. Back then, Infosys had to take the more tedious and stringent route of American Depository Receipts (ADRs) for the Nasdaq listing …

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Indian companies can now list directly on GIFT City’s international exchanges

Indian companies can now list directly on GIFT City’s international exchanges

NEW DELHI : The finance ministry on Wednesday notified direct listing of Indian companies on GIFT City’s exchanges, a move expected to enable startups and unlisted companies access global capital. Indian companies can now list on the financial hub’s India International Exchange and NSE International Exchange at Gandhinagar, the ministry said.  “This policy initiative, to …

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Vibrant Gujarat Summit LIVE Updates: PM leaves for GIFT City; Essar Group to set up green hydrogen project in Jamnagar

Vibrant Gujarat Summit LIVE Updates: PM leaves for GIFT City; Essar Group to set up green hydrogen project in Jamnagar

10 Jan 2024, 06:30 PM IST Vibrant Gujarat Summit LIVE: Essar Group to set up 1GW green hydrogen project in Jamnagar Essar Group is setting up a 1-gigawatt green hydrogen project (1,000 megawatt) in Gujarat’s Jamnagar, besides expanding its ports and power businesses in the western state, news agency ANI quoted d Prashant Ruia, Promoter …

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Paytm eyes global expansion with ₹100 Crore investment in GIFT City, plans to offer AI-driven cross-border remittance

Paytm eyes global expansion with ₹100 Crore investment in GIFT City, plans to offer AI-driven cross-border remittance

Paytm, India’s fintech giant, announced a strategic investment of ₹100 crore in Gujarat International Finance Tec-City (GIFT City), aiming to build a global financial ecosystem, on January 10, 2023. This move comes ahead of the Vibrant Gujarat Global Summit 2024 and signifies Paytm’s ambition to expand beyond its domestic market, as per an exchange filing. …

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‘Dry state’ of Gujarat permits alcohol sale in GIFT city hotels and clubs. Details here

‘Dry state’ of Gujarat permits alcohol sale in GIFT city hotels and clubs. Details here

The Gujarat government has permitted the consumption of alcohol across its newly formed GIFT city. The formerly ‘dry state’ will now permit sale of liquor under certain conditions within the Gujarat International Finance Tec-City in Gandhinagar district. “Under the new system, hotels, restaurants and clubs (existing and that will come up) in the GIFT City …

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Gujarat govt relaxes Prohibition laws to allow “wine and dine” facilities in GIFT City campus

Gujarat govt relaxes Prohibition laws to allow “wine and dine” facilities in GIFT City campus

In a significant move, the Gujarat government on Friday announced its decision to lift stringent Prohibition laws enforced in the state, permitting “wine and dine” facilities in the GIFT City campus at Gandhinagar. The decision will allow all employees and officials of GIFT City, as well as visitors, access to liquor, according to a government …

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Dry State Gujarat Allows Liquor In GIFT City Restaurants Offering “Wine And Dine”

Dry State Gujarat Allows Liquor In GIFT City Restaurants Offering “Wine And Dine”

Gujarat has been a dry state since its formulation in 1960. (Representational) Gandhinagar: In a first, the Gujarat government has allowed the consumption of liquor in hotels, restaurants and clubs offering “Wine and Dine” in Gujarat International Finance Tec-City (GIFT), a government order from the Narcotics and Excise Department read. In addition to this, a …

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Historic! Air India acquires first A350-900 aircraft through finance lease transaction

Historic! Air India acquires first A350-900 aircraft through finance lease transaction

Image Source : PTI REPRESENTATIVE IMAGE Tata-owned Air India has achieved a historic milestone as it successfully acquired India’s first Airbus A350-900 aircraft through a finance lease transaction with HSBC through theGujarat International Finance Tec-City (GIFT City). This is also the first wide-body aircraft to be leased through the GIFT City, the country’s first International …

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