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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 third phase of the GIFT City project is completed, which includes the development of more office buildings, residential apartments, and social infrastructure. The second IFSC tower, called GIFT Three, is inaugurated. The 30-storey building is built by the IL&FS group and serves as a hub for international financial services companies. 2021:
The Infinity Forum is an annual event organized by the International Financial Services Centres Authority (IFSCA) to promote dialogue and collaboration within the global FinTech ecosystem. The second edition, "InFinity Forum 2.0: GIFT-IFSC: Nerve Centre for New Age Global Financial Services," occurred in GIFT City, India.
GIFT Nifty set an All-Time High Monthly Turnover of US $100.7 billion for the Month of September 2024. Highest-ever Monthly Turnover of 1,975,468 contracts worth US $100.7 billion (INR 8,43,713 Crs. equivalent) during September 2024 [ 3 ] [ 4 ] GIFT Nifty Sets an All-Time High Open Interest of US $20.84 billion on September 24, 2024.
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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).