Indian financial exchange BSE today said it has decided to begin mock trading sessions for its international exchange in Gujarat International Finance Tec-City (GIFT) from October 3rd. BSE had signed a pact with GIFT SEZ Ltd in January last year to set up BSE International Exchange and BSE International Clearing Corporation at the GIFT city…
Read moreBank of America, Citi Bank and HSBC are interested in setting up offshore branches in India’s first international financial services centre (IFC) in Gujarat. AK Jha, CEO of the forthcoming GIFT City in India’s north was quoted as conveying to the Economic Times of India. "All Indian banks that have offshore branches are willing to…
Read moreThe Union Budget, which is the annual budget of the Republic of India has cleared the path forward for the envisioned GIFT City, India's next generation and first international finance services center (IFSC). The budget, which is presented each year on the last working day of February by the Finance Minister of India in Parliament…
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