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Over 3,000 fintech startups registered with DPIIT in India: MoS Corporate Affairs
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$7.5 Billion Derivatives Contract From Singapore Relocated To India: SGX Nifty Becomes GIFT Nifty! - Trak.in
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SGX Nifty Becomes GIFT Nifty: Here's All You Need To Know
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The $7.5 billion derivative trade from the Singapore Exchange (SGX) has shifted to the NSE International Exchange (NSE IX), resulting in the rebranding of SGX Nifty futures contracts as Gift Nifty. Gift Nifty will now trade in NSE IX, which operates under the regulatory framework of the International Financial Services Center Authority. SGX Nifty has been suspended for trading and will eventually be delisted. There will be no significant impact on retail traders and investors, as it is simply a migration from one exchange to another. Gift Nifty will be accessible for almost 21 hours, overlapping with trading hours in Asia, Europe, and the US.