New Delhi, March 30 (IANS) Finance hub GIFT City on Monday announced that banking assets at its International Financial Services Centre have crossed $106.7 billion as of February 2026, marking over seven‑fold surge from $14 billion in September 2020.The huge surge indicated a rapid scale‑up of India’s offshore banking ecosystem and reflected increasing global and domestic participation in India’s international financial services ecosystem, it said.The growth has been supported by an expa…
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Gandhinagar, March 30 (IANS) Gujarat has recorded more than 56 crore Aadhaar authentication transactions in the last financial year across over 200 Direct Benefit Transfer (DBT) schemes, reflecting the state’s expanding digital governance framework and increased reliance on technology-driven service delivery.According to officials, Aadhaar authentication services are currently being used across 13 government departments for DBT schemes to improve transparency and efficiency in the transfer of …
Ahmedabad, March 29 (IANS) Gujarat’s Ahmedabad on Sunday received a Rs 1,099 crore infrastructure boost with the inauguration and foundation laying of multiple projects. Presiding over the event, Chief Minister Bhupendra Patel said the works are aimed at making urban living “easier and more convenient” while strengthening the city’s global standing.The projects unveiled include housing, bridges, gardens, lakes, auditoriums and other urban facilities intended to improve civic amenities and …
Gandhinagar, March 28 (IANS) Positioning India as a competitive global financial hub, Gujarat’s GIFT City has recorded rapid growth in financial activity and international participation, prompting Chief Minister Bhupendra Patel to describe it as a “vibrant reality driving economic growth”. The Chief Minister said the project, envisioned by Prime Minister Narendra Modi during his tenure in Gujarat, has moved beyond its initial concept to become a fully operational international financial hub….
New Delhi, March 20 (IANS) In a significant development for India’s financial landscape, a new global investment platform has been introduced at GIFT City, enabling Indian investors to seamlessly invest in international equities.The platform, launched through NSE International Exchange, allows both retail investors and non-resident Indians (NRIs) to access nearly 30 global markets.The initiative aligns with Prime Minister Narendra Modi’s vision of positioning India as a global financial hub …
Mumbai, March 19 (IANS) India’s stock market has become an attractive destination for foreign investors after the recent correction, a senior official of the market regulator said, highlighting fresh opportunities for global players, including those from Russia.Kamlesh Chandra Varshney, whole-time member of the Securities and Exchange Board of India, said valuations in the Indian equity market now look “quite attractive” following a decline over the past few months.“The correction, which…
Ahmedabad/Gandhinagar, March 3 (IANS) The Mayor of Milisauti Town in Romania, Vasile Carare, held talks with senior Gujarat government and municipal officials during a two-day visit to the state, focusing on smart infrastructure, e-governance and riverfront development.Carare, accompanied by his wife, is visiting India under a programme organised by the Indian Council for Cultural Relations, which includes engagements in several states.In Gujarat, he met Ahmedabad Mayor Pratibha Jain, Municipal …
Gandhinagar, Feb 26 (IANS) Government offices in Gujarat are undergoing a major transformation with the introduction of artificial intelligence (AI), marking a new phase in the state’s pursuit of efficient and transparent governance. Tasks that once took several days are now being completed with a single click, signalling a shift towards faster and smarter administrative processes.To facilitate this initiative, Gujarat Informatics Limited (GIL) has been appointed as the nodal agency, while the…
Gandhinagar, Feb 26 (IANS) Gujarat has explored potential collaboration with Luxembourg in green finance and long-term infrastructure development during a meeting between Chief Minister Bhupendra Patel and Luxembourg’s Finance Minister Gilles Roth in Gandhinagar, officials said on Thursday. The discussions focused on making use of Luxembourg’s expertise in green bonds and sustainable finance as Gujarat positions itself to expand its footprint in green energy, green financing and green growth.The…
Mumbai, Feb 25 (IANS) Indian investors may soon be able to buy shares in 30 global markets through the NSE International Exchange.The exchange plans to expand its recently launched global investing platform over the next three to six months, according to multiple media reports.NSE IX Managing Director and CEO V Balasubramaniam said the exchange currently allows trading in US stocks and is working to add more international markets.He said discussions are underway to include several G7 nations, in…