*SGX Nifty will start trading on NSE IFSC on July 3rd as GIFT NIFTY*
*Timings - 2 sessions*
1 - Morning - 6.30 am to 3.40 pm
2 - Evening - 4.35 pm to 2.45 am
*Gandhinagar GIFT City updates*
1. Google will open its Global Fintech Center in GIFT City
2. DBS Bank (the largest bank in Singapore) gets approval to set up its base at GIFT City
→ In the past 3 years 25 Indian banks and 10 Foreign banks set up their base in GIFT IFSC
3. JP Morgan launched blockchain platform for USD clearing in GIFT
4. KredX’s trade finance platform goes live at GIFT
- The company hopes to execute transactions worth $2 billion in the next 18 months
5. Kotak Mahindra bank to move its Mauritius funds to GIFT City
6. Bank of Baroda’s GIFT City branch to outperform it’s London branch this year
7. India's biggest D-mart coming in GIFT City
8. Nakshatra group won New multi-level parking bid
- 1,150 cars capacity
- There will be commercial space along with parking facility
9. Family offices can now establish a first-of-its-kind fund management entity, family investment fund (FIF) in GIFT City.
10. Shivalik Group sold 250 residential units in GIFT City within 15 day of project launch
11. Akshay Kumar buys a luxurious duplex in GIFT City
12. GMRC is looking into having a second metro station within GIFT City premise.
WhatsApp fwd.
By: via Telegram.me/AlliesFin #StockMarket #india
