Govt allows lower public float for companies listing on IFSC bourses

Govt allows lower public float for companies listing on IFSC bourses

The government on Wednesday stipulated a 10% public shareholding requirement for companies listing on recognized stock exchanges at the International Financial Services Centre (IFSC), lower than the 25% needed for those choosing bourses elsewhere. The move, experts said, is aimed at wooing more and more firms to list on the exchanges in IFSC, a deemed … Read more

NSE IX Gets SEC Class Relief; Permits US Clients to Trade on Equity Index Option Contract

NSE IX Gets SEC Class Relief; Permits US Clients to Trade on Equity Index Option Contract

NSE IX is an International multi-assets exchange set up at GIFT City in June 2017 and recognised by the International Financial Services Centre Authority. (File Photo) The class relief allows NSE IX members to get acquainted with equity indices at NSE IX through activities with approved broker-dealers and financial institutions in the US NSE International … Read more

Gujarat: Dry state Gujarat allows ‘Wine and Dine’ in GIFT City

Gujarat: Dry state Gujarat allows ‘Wine and Dine’ in GIFT City

GANDHINAGAR: In a first, the Gujarat government has allowed the consumption of liquor in hotels, restaurants and clubs offering “Wine and Dine” in Gujarat International Finance Tec-City (GIFT), a government order from the Narcotics and Excise Department read.In addition to this, a Liquor Access Permit will be given to all the employees or owners working … Read more

India’s GDP growth is reflection of transformative reforms of last 10 years: PM Modi

India’s GDP growth is reflection of transformative reforms of last 10 years: PM Modi

Prime Minister addresses the second edition of Infinity Forum, a global thought leadership platform on fintech, via video conferencing, in New Delhi, Saturday, Dec. 9, 2023. | Photo Credit: PTI Prime Minister Narendra Modi on Saturday, December 9, 2023, said India’s GDP growth of 7.7% in the first six months of the current fiscal year … Read more