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India s New Finance Hub Gives First Nod to Rich to Invest Abroad

India s New Finance Hub Gives First Nod to Rich to Invest Abroad
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GIFT City gives first nod to Premji s family office to invest abroad

The approval raises hope for the nation’s wealthy as they wait for clarifications from regulators to make similar moves.

City ofUnited kingdomNarendra modiAzim premjiRepresentatives for international financial services centres authorityGujarat internationalGujarat international financePrime minister narendra modiNarayana murthy backed catamaran venturesPremji investReserve bankGift cityAzim premjiInvest abroad

GIFT City: India s new finance hub GIFT City gives first nod to rich to invest abroad

India s new financial hub, Gujarat International Finance Tec-City (GIFT City), has granted approval to Azim Premji s family office to set up a family investment fund. The approval comes as dozens of applications for FIFs allowing families to invest across various asset classes and instruments offshore are still pending.

City ofUnited kingdomUttar pradeshNarendra modiAzim premjiOffering collegeGujarat international finance tecIndian school of businessRepresentatives for international financial services centres authorityGujarat international finance tec cityPrime minister narendra modiCorporate journeyStrategic skillProduct officerExecutive officerNarayana murthy backed catamaran ventures

GIFT City: Azim Premji s family office: India s new finance hub GIFT City gives first nod to rich to invest abroad

India s new financial hub, Gujarat International Finance Tec-City (GIFT City), has granted approval to Azim Premji s family office to set up a family investment fund. The approval comes as dozens of applications for FIFs allowing families to invest across various asset classes and instruments offshore are still pending.

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CCI Clears Amazon s Acquisition of Cloudtail Parent Prione

In a major announcement, the Competition Commission of India (CCI) has now cleared Amazon’s proposal to acquire Prione Business Services.

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