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The name "GIFT" is an acronym that stands for "Gujarat International Finance Tec-City". The word "Gujarat" refers to the western Indian state where the city is located."International" signifies that the city is intended to be a global hub for financial and business services, attracting businesses and investors from around the world.
The GIFT International Financial Services Centre (GIFT IFSC) is a financial centre and special economic zone in Gujarat International Finance Tec-City (GIFT City) covering 106 ha (261 acres) established in April 2015 as a financial hub to provide world-class infrastructure and services for financial institutions and companies operating in areas such as banking, insurance, capital markets, and ...
In December 2015 the first International Financial Services Centre (IFSC) in India was set up in Gujarat International Finance Tec-City (GIFT City). [5] In 2019 the Government of India enacted an Act of Parliament called the International Financial Services Centres Authority Act, 2019. [6] [7] [5]
India International Exchange (IFSC) Limited, also known as India INX, is a wholly-owned subsidiary of BSE (Bombay Stock Exchange) Ltd. It is India's first international exchange located at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City).
The SGX Nifty had long been a key indicator for India's domestic stock market indices. [8] The transition to GIFT Nifty was part of a broader strategy to centralize international financial services in GIFT City, a hub for India's financial sector and a key initiative under the Smart Cities Mission started by Prime Minister Narendra Modi.
Night view of GIFT City 1.svg 1,792 × 1,013; 758 KB Night view of GIFT City.svg 2,186 × 748; 295 KB TIER - IV Data Centre, GIFT City.svg 1,808 × 990; 1.27 MB
IIFL Wealth was founded in 2008. It operated as a subsidiary of IIFL Holdings, a diversified publicly traded financial services company, [8] [9] backed by Fairfax Financial, [10] until the demerger of the IIFL Group into three separately listed entities, one of which is IIFL Wealth.
The GIFT ONE Tower is a 122-meter-tall, 29-story office building located in the heart of GIFT City. It is one of the tallest buildings in Gujarat and features a modern glass facade and facilities for businesses and offices. [1] [2] It was inaugurated by Indian Prime Minister Narendra Modi in July 2013. [3] [4]