Gandhinagar: State-run Central Bank of India has received approval from the Reserve Bank of India, via a letter dated August 11, 2025, to establish an IFSC Banking Unit (IBU) at GIFT City. The bank described the upcoming IBU as a key milestone in its growth journey, enabling it to expand its international banking operations and offer specialised services to customers. The IFSC Banking Unit (IBU) will allow the bank to access international financial markets and provide a full range of products ...Read More

Gandhinagar: Gujarat International Finance Tec-City (GIFT City), which is the country's maiden International Financial Services Centre (IFSC), has signed a Memorandum of Understanding (MoU) with Gujarat Technological University (GTU) to strengthen industry-academia collaboration in the fields of IFSC education, FinTech innovation, and research. As part of the collaboration, both institutions will jointly develop specialised courses, training programmes, certification modules, and a dedicated Ce...Read More

Vadodara: The upcoming shift of operations of Gujarat Urja Vikas Nigam Limited (GUVNL) and its subsidiary, Gujarat Energy Transmission Corporation (GETCO), to GIFT City in Gandhinagar has sparked concern among Vadodara’s business and industrial community. These power sector companies, currently headquartered in Vadodara, play a critical role in electricity transmission and distribution across Gujarat. GUVNL oversees power distribution to over 1.80 crore consumers in the state through its fo...Read More

New Delhi: The Parliamentary Standing Committee on Finance has recommended that the government explore the establishment of satellite financial innovation zones or fintech clusters in other major cities, while prioritizing the International Financial Services Centre (IFSC) at GIFT City in Gujarat as the central hub. In a report tabled in the Lok Sabha on Monday, the panel, chaired by senior BJP leader Bhartruhari Mahtab, pointed to the rising need for specialized financial services and suggeste...Read More

Bhubaneswar: In a significant urban development initiative, the Odisha government is considering the creation of a 426-acre ‘New Cuttack City’ along the banks of the Mahanadi river. Inspired by Gujarat’s GIFT City, the plan is part of a wider strategy to transform the Bhubaneswar‑Cuttack‑Puri‑Paradip Economic Region (BCPPER) into a globally competitive urban‑industrial corridor. The city is expected to feature an international‑standard eco‑park, research and rejuvenation centr...Read More

Bhopal – Madhya Pradesh is set to embark on an ambitious urban development project, with plans to establish 10 smart cities modeled after Gujarat International Finance Tec-City (GIFT City). This initiative, recently announced by Chief Minister Dr. Mohan Yadav in Indore, aims to create integrated hubs for health, education, industry, and housing. In the first phase, the state capital, Bhopal, has been selected for the development of an integrated township. This township will be built on a sp...Read More

Gandhinagar: Techfin hubs are rapidly becoming the biggest job creators in GIFT City here, with HCL Technologies Ltd becoming the latest such name. Following tech giants like Infosys, Wipro, and Cognizant, which have either established centres there or plan to do so, the company has proposed to set up a techfin hub at GIFT City with around 1,500 employees, a news report said. According to its application to the International Financial Services Centres Authority (IFSCA), HCL Technologies intends...Read More

Gandhinagar: In what would be an addition to several international lenders like Standard Chartered, HSBC, Citibank, Deutsche Bank, Barclays, and JP Morgan Chase, two Taiwanese banks are planning to set up branches in Gujarat. These lenders are Taipei Fubon Bank and CTBC Bank, as announced in a social media post by the Taipei Economic and Cultural Centre (TECC), Taiwan’s de facto embassy in India. The TECC, in an X post, said, "India is rolling out the red carpet for Taiwanese investment ...Read More

Gandhinagar: In the latest bureaucratic reshuffle, the Gujarat government today appointed 2001-batch IAS officer Kaul Sanjay Moolchand as the Managing Director and Chief Executive Officer of GIFT City Company Ltd., Gandhinagar. He will serve on deputation for a period of three years, or until further orders, whichever is earlier, from the date he assumes charge. In another notification, the government announced the transfer of two other IAS officers. As per the notification issued by the Gener...Read More

Gandhinagar: With major industry giants like Google, IBM, and Capgemini already operating, GIFT City is set to welcome a new infrastructural beauty in the realm of luxury hospitality—the upcoming five-star hotel, Hyatt Regency. The project is being developed by Kaavyaratna in collaboration with renowned architect Reza Kabul. With ARK already contributing notable residential and commercial developments in the financial hub, this latest venture marks a significant step into premium hospitality. ...Read More