๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
Paytm eyes global expansion with โน100 Crore investment in GIFT City
Livemint
ยท
1y ago
Medial
Indian fintech giant Paytm has announced a strategic investment of โน100 crore in Gujarat International Finance Tec-City (GIFT City) to establish a global financial ecosystem. The company aims to leverage GIFT City's infrastructure to develop artificial intelligence-powered cross-border remittance solutions, offering faster and cheaper options for global transactions. Paytm plans to create a development center in GIFT City to build advanced financial products and services, serving as a hub for its global technology initiatives. This move aligns with Paytm's ambitions to expand beyond the domestic market.
View Source
Related News
GIFT City: A Game-Changer For HNIs Seeking Global Investment Opportunities
Inc42
ยท
9m ago
Medial
- GIFT City is positioned to become a global business hub and a leader in bullion trading. - Indian residents can invest in GIFT City by opening a foreign dollar-denominated bank account. - GIFT City offers a unique investment opportunity by allowing investors to diversify their portfolios globally. - GIFT City aims to transform India from a price taker to a price setter in the bullion market. - GIFT City provides a platform for international businesses to establish a presence in India and expand their operations.
View Source
Ireda eyes overseas lending, borrowing from green funds via GIFT City arm
Livemint
ยท
10m ago
Medial
The Indian Renewable Energy Development Agency (Ireda) is exploring the possibility of financing projects abroad through its subsidiary, Ireda Global Green Energy Finance IFSC Ltd. The subsidiary, based in Gujarat's GIFT City, aims to finance solar component manufacturing and green hydrogen businesses in India, as well as cater to export demand. Ireda is planning to borrow and lend from its GIFT City office, eliminating the need for foreign currency conversion. It also intends to approach green funds for financing projects and make its debut in the international market. The company is awaiting approval for its proposed follow-on public offering to raise around INR 4,500-5,000 crore.
View Source
GIFT City Officials Knock On RBI Door For Setting Up Dollar Payment System
Inc42
ยท
1y ago
Medial
Discussions are underway to establish a dollar payment system at GIFT City, the international financial center in Gujarat, India. The system aims to address delays in dollar transactions, currently taking several hours, from a bank's nostro account abroad to a GIFT City subsidiary. One proposal being considered involves creating a settlement bank in GIFT City, through which transactions would be conducted. The Clearing Corporation of India could potentially operate as a facilitator for this system. The government is working to develop GIFT City into a global financial hub and attract investment from sovereign wealth funds and startups.
View Source
Azim Premji's wealth fund gets nod to set up shop in GIFT City
VCCircle
ยท
1y ago
Medial
Billionaire Azim Premji's wealth fund has received approval to establish a family investment fund in India's Gujarat International Finance Tec-City (GIFT City). This move allows the fund to invest overseas without regulatory approval. GIFT City, a financial hub in Prime Minister Narendra Modi's home state, has been implementing initiatives to attract foreign brokers and companies. Premji's family office declined to comment. The fund has $10 billion in assets, with the proposed GIFT entity planning an initial investment of $200 million. Approximately 80 funds with $24 billion in commitments have been set up in GIFT City.
View Source
Financial distributors turn to GIFT City for outbound funds. But few can enter.
Livemint
ยท
13d ago
Medial
In response to regulatory caps limiting access to global markets through mutual funds, Indian financial distributors are increasingly looking to GIFT City for outbound fund opportunities to meet the growing investor demand for international exposure. However, the limited availability of such funds and high investment thresholds present significant challenges. Despite these hurdles, GIFT City has emerged as a viable alternative for retail and high-net-worth investors seeking global equity exposure.
View Source
Adaniโs gift city arm to break even in nine years
Thehindubusinessline
ยท
1y ago
Medial
Adani Ports' subsidiary, Udanvat Leasing IFSC Ltd, plans to enter the aircraft leasing market and achieve net foreign exchange positivity within nine years. With an initial investment of โน555 crore over the next five years, Udanvat aims to acquire aircraft and lease them through operating lease agreements. The company's goal is to compete in the global aircraft leasing market and establish itself as a key player in GIFT City, aligning with the Indian government's efforts to position the city as a global aviation hub.
View Source
Ahmedabad-based developer buys land parcel in GIFT City for Rs 342 cr for residential project
Money Control
ยท
1y ago
Medial
Ahmedabad-based developer, Nila Spaces Limited, has acquired a 5,550 square meter land parcel in Gujarat International Finance Tec-City (GIFT City) for INR 342 crore. The company plans to develop a residential project on the site, with a potential of 5.22 lakh square feet. The investment in the project is estimated to be around INR 750 crore, and the company expects the revenue from the project to exceed INR 1,000 crore. Nila Spaces emerged as the top bidder in the auction, outperforming 10 other participants. GIFT City is a prominent hub for financial services and technology industries.
View Source
SEBI allows foreign funds at GIFT City to take full investment from NRIs
VCCircle
ยท
1y ago
Medial
India's market regulator, SEBI, has announced that foreign funds operating at Gujarat International Finance Tec-City (GIFT City) can now accept full investment from non-resident Indians (NRIs) and Indian-origin citizens. However, funds with over 33% of their equity assets under management (AUM) in a single Indian group must provide detailed disclosures about their investors. Funds with a combined equity AUM of over INR250bn ($3bn) will also need to make similar disclosures. This move is part of the Indian government's efforts to establish GIFT City as a global financial hub.
View Source
India's Modi aims to make GIFT City a centre for sustainable finance
Reuters
ยท
1y ago
Medial
Indian Prime Minister Narendra Modi aims to transform Gujarat into a global sustainable finance center to support the $10 trillion investment required for the country's net-zero emissions target by 2070. Modi envisions GIFT (Gujarat International Finance Tec-City) as a channel to attract green capital flow through the issuance of financial instruments like green bonds and sustainability-linked bonds. GIFT City, a tax-neutral financial hub, aims to become a leading global financial services and technology center similar to Singapore.
View Source
More Indian asset managers shift overseas business to GIFT City
VCCircle
ยท
1y ago
Medial
Several Indian asset managers are relocating their offshore fund business from financial centers like Dubai and Singapore to GIFT City in Gujarat, India. GIFT City is being promoted by the Indian government as a gateway for global capital and financial services, offering tax breaks and incentives to attract companies. In the last six months, eight out of the top 10 Indian asset managers have either relocated or set up new funds in GIFT City. The stable regulatory regime and proximity to Indian markets are driving these decisions, with cost-effectiveness also being a factor.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in