Prime Minister Narendra Modi launched the NSE IFSC-SGX Connect, a joint venture between the National Stock Exchange of India (NSE) and Singapore Exchange (SGX) at the Gujarat International Finance Tec (GIFT) City, Gandhinagar on Friday. The new platform will enable global investors to trade in dollar-denominated Nifty futures contracts available on the Singapore Exchange (SGX) in GIFT City. Investors will also have real-time access to NSE IFSC market data.

Mumbai: The National Stock Exchange (NSE) – Finance Services Center (IFSC) on Monday introduced a new facility through which clients of Singapore Exchange (SGX) can execute Negotiable Large Trades (NLT) through Gift City. This marks the first phase in operationalising the proposed NSE-SGX connect from Gift City, Gujarat.

Global entities and fund managers are keen to invest in India, Chairman of the International Financial Services Centres Authority (IFSCA) Injeti Srinivas has said, underlining the need to create a platform that intermediates global capital flows into the domestic economy.

Private sector lender ICICI Bank has launched two new products – loan against deposits and dollar bonds – for non-resident Indians at its GIFT City branch in Gujarat. The bank is the first to offer these products in GIFT City, the lender said in a release.

Global entities and fund managers are keen to invest in India, Chairman of the International Financial Services Centres Authority (IFSCA) Injeti Srinivas has said, underlining the need to create a platform that intermediates global capital flows into the domestic economy.

Commerce and Industry Minister Piyush Goyal on Monday urged small businesses to consider dual listing to widen their capital raising options.
The minister said small companies have the option to list on the main bourses’ SME platforms and also on the Gift City in Gandhinagar.

NEW DELHI: Prime Minister Narendra Modi on Friday launched the ‘India International Bullion Exchange (IIBX)’ in Gujarat, the first of its kind in the country.
He also laid the foundation stone for the HQ of the HQ of the International Financial Services Centre Authority (IFSCA) at GIFT City, Near Gandhinagar.

India’s First Bullion Exchange | PM Modi is set to launch India’s first international bullion exchange at Gujarat’s GIFT city on July 29, an exchange which will empower India to influence global gold prices, considering it has one of the world’s largest markets for gold.