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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.
It was rebranded from the erstwhile SGX Nifty and shifted to the new international exchange–NSE IFSC in GIFT City, Gandhinagar, Gujarat. GIFT Nifty started trading on September 25, 2000 under the name of SGX Nifty [1] and trading under new name began on July 3, 2023. [2] GIFT Nifty set an All-Time High Monthly Turnover of US $100.7 billion ...
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]
The company forayed into the segment of infrastructure or data centre-as-a-service, and built a state-of-the-art Tier-III data centre in GIFT City, Gandhinagar. It received Tier-III design certification from Uptime Institute as it is equipped with fully redundant and dual-powered servers, storage, network links and other IT components. [22]
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).
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
It was rebranded to GIFT Nifty on 3 July 2023 and trading was moved to the NSE International Exchange (NSEIX) situated in GIFT City, Gandhinagar. [ 74 ] [ 8 ] [ 75 ] The CEO of NSEIX called it a watershed moment since it was the first time India got back an international contract which had previously been exported.