New Delhi, July 7 (IANS) India’s International Financial Services Centre (IFSC) Gujarat International Finance Tec-City (GIFT City) on Tuesday announced collaboration with Vietnam International Financial Center – Da Nang (VIFC-DN), a newly established financial hub, to share institutional knowledge and best practices.The two institutions recently signed an MoU that aims to help Vietnam develop its international financial center and pave the way for cross-border investment across countries.“Ha…
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New Delhi, July 2 (IANS) Finance Minister Nirmala Sitharaman held a discussion with Flying Whales President Sebastien Bougon in Paris on Thursday about the French aerospace logistics company’s plans for setting up its ecosystem in India. Bougon informed the Finance Minister about Flying Whales’ sustainable PPP (public-private partnership) projects globally and shared details about the multitude of application use cases that the company serves. He highlighted that Flying Whales contributes to the…
Gandhinagar, June 29 (IANS) Kazakhstan’s Ambassador to India, Azamat Yeskarayev, called on Gujarat Governor Acharya Devvrat at Lok Bhavan in Gandhinagar on Monday, during which both sides discussed ways to deepen cooperation in energy, education, agriculture, and industrial investment, while reviewing the historical and strategic dimensions of India-Kazakhstan relations. During the meeting, the Governor referred to the longstanding civilisational links between the two regions, stating that rel…
Vadodara, June 29 (IANS) Gujarat Chief Minister Bhupendra Patel on Monday said that countries across the world are increasingly looking to India as a “trusted partner”, crediting Prime Minister Narendra Modi’s forward-looking leadership for strengthening the country’s global standing. Speaking at the inaugural session of the Vibrant Gujarat Regional Conference (VGRC) for Central Gujarat in Vadodara, Patel said the country’s economic transformation had been driven by governance that anticipates f…
New Delhi, June 25 (IANS) India’s asset and wealth management industry is projected to reach $1.7 trillion in assets under management by 2030, up from $0.9 trillion in 2024, implying a compound annual growth rate of 11.6 per cent, a report said on Thursday.The growth in asset and wealth management industry is driven by parallel growth in institutional capital pools and retail financialisation, the report from PwC said.It further highlighted that India’s rapid growth outlook sits within a broad…
New Delhi, June 23 (IANS) India’s outward foreign direct investment has rebounded strongly since the COVID-19 period, in contrast to the world where outward FDI is contracting, a report said on Tuesday.The report from Bank of Baroda said outward FDI climbed sharply to $42 billion in FY25 from $25 billion in FY24 and retained momentum at $47 billion in FY26, underscoring a steep U‑shaped recovery since COVID-19 period.Indian companies are increasingly seeking direct ownership through FDI, and…
Gandhinagar, June 19 (IANS) Gujarat Deputy Chief Minister Harsh Sanghavi said on Friday that more than four crore permanent houses had been built across India over the past 12 years under the ‘Pradhan Mantri Awas Yojana’, allowing lakhs of poor families who previously lived in temporary huts to lead more dignified lives. Addressing the “NAMO Yuva Samvad: Viksit Bharat Blueprint” programme at the National Forensic Sciences University (NFSU) in Gandhinagar, Deputy Chief Minister Sanghavi said: “Th…
Gandhinagar, June 18 (IANS) More than 1.25 crore citizens in Gujarat are expected to take part in Yoga Protocol training on ‘International Yoga Day’ this year, with the state-level main event scheduled to be held at Mansa in Gandhinagar district, Deputy Chief Minister Harsh Sanghavi said on Thursday. Addressing details of the 12th International Yoga Day preparations, Sanghavi said the state-level celebration will be held under the chairmanship of Chief Minister Bhupendra Patel, with over 4,000 c…
Gandhinagar, June 13 (IANS) Gujarat Chief Minister Bhupendra Patel on Saturday inaugurated Hexaware Technologies’ new delivery centre in GIFT City, a facility expected to create around 1,000 highly skilled jobs over the next three years and expand opportunities in advanced technology sectors, including artificial intelligence, cloud computing, data analytics and automation. The new centre has been established on the seventh and eighth floors of the Pragya-II building in GIFT City, Gandhinagar.St…
Gandhinagar, June 10 (IANS) A total of 13.81 crore passenger journeys have been recorded on the Ahmedabad-Gandhinagar Metro network since its expansion in October 2022, with average daily ridership rising to 1.53 lakh by May this year, according to information released by the Gujarat government on Wednesday as part of a review of infrastructure developments during Prime Minister Narendra Modi’s 12 years in office. The Ahmedabad-Gandhinagar Metro, which now operates across a 68.28-km network with…