STARTUP/TECHNOLOGY TCS Set To Deploy Treasury Platform At Indian Bank’s Colombo Branch

Tata Consultancy Services (TCS), the IT services and consulting major, will deploy its TCS BaNCS for Treasury platform at Indian Bank’s Colombo branch in Sri Lanka, extending the technology partnership with the public sector lender beyond India. The deployment marks the entry of TCS BaNCS for Treasury into Sri Lanka and follows its implementation across […]

CW Bureau · Oct 19, 2026

BANKING & FINANCE Canara HSBC Life Insurance Unveils USD-Denominated Global Wealth Plan

Canara HSBC Life Insurance Company Ltd has launched Global Wealth Plan, a unit-linked life insurance and savings product for non-resident Indians (NRIs), offering access to global investment opportunities through GIFT City. The individual, non-participating plan combines US dollar-denominated investments with life insurance protection. It is currently being distributed through Policybazaar, expanding access to NRI customers […]

CW Bureau · Oct 19, 2026

GENERAL India Eyes Global Hub Status In Ship Ownership, Maritime Finance

India is charting a course to become a global hub for ship ownership, leasing and maritime finance, with GIFT City emerging as a key centre for developing a comprehensive maritime value-chain ecosystem, Union Shipping Minister Sarbananda Sonowal said. Addressing the India Ship Leasing and Financing Summit in Gandhinagar, he said the initiative marked a significant […]

CW Bureau · Sep 10, 2026

INFRASTRUCTURE GMR Airports Sees Long Runway Of Growth Across Aviation Ecosystem

GMR Airports Ltd expects sustained growth across its airport and aviation-adjacent businesses, supported by long residual concession tenures and strong underlying demand. The company will continue to pursue new airport concession opportunities while expanding its asset-light portfolio through operations and maintenance contracts and airport-adjacent businesses, with a focus on sustainable growth and financial discipline. Airport […]

CW Bureau · Aug 27, 2026

BANKING & FINANCE HiWiPay Gets IFSCA Nod To Set Up Payment Services Arm In GIFT City

Cross-border payments platform HiWi Forex Transaction Services Pvt Ltd (HiWiPay) has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to establish a wholly-owned subsidiary as a payment service provider (PSP) at the GIFT International Financial Services Centre (GIFT IFSC). The approval marks a significant milestone for the fintech company as it seeks […]

CW Bureau · Jul 1, 2026

BANKING & FINANCE Nippon Life India AMC Bets On AIFs, Global Expansion And Digital Growth

Nippon Life India Asset Management Ltd (NAM India) has set its focus on alternative investments, global expansion and digital transformation as the company seeks to diversify growth beyond its mutual fund business, according to Managing Director & CEO Sundeep Sikka. In his message to shareholders in the company’s Annual Report 2026, Sikka said the asset […]

CW Bureau · Jun 16, 2026

STARTUP/TECHNOLOGY Hexaware Opens New Delivery Centre At GIFT City, Set To Create 1,000 Jobs

Global IT solutions and services provider Hexaware Technologies has expanded its presence in Gujarat with the inauguration of a new delivery centre at Gujarat International Finance Tec-City (GIFT City), strengthening its capabilities to serve banking, financial services and insurance (BFSI) clients worldwide. New hub for BFSI innovation The new centre will support Hexaware’s global BFSI […]

CW Bureau · Jun 13, 2026

STARTUP/TECHNOLOGY IPV Opens Access To Y Combinator Deal Pipeline For Indian Investors

Angel investing platform Inflection Point Ventures (IPV) has become one of the first platforms in India to provide investors access to startup deal flow from Y Combinator (YC), the globally renowned startup accelerator that has backed some of the world’s most successful technology companies. The move is aimed at giving IPV Ultra investors early access […]

CW Bureau · Jun 5, 2026

BANKING & FINANCE IOB Secures IFSCA Approval To Open Banking Unit At GIFT City Of Gujarat

Chennai-headquartered public sector lender Indian Overseas Bank (IOB) has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) as a branch at GIFT City in Gujarat. The approval marks IOB’s entry into India’s premier international financial services hub and is expected to strengthen its capabilities in serving […]

CW Bureau · Jun 2, 2026

ECONOMY GIFT City Emerges As Global Financial Powerhouse With 37 Banking Entities

GIFT City has strengthened its position as a globally competitive international financial and business hub, with banking assets crossing $110 billion and capital commitments under fund management activities exceeding $32 billion. Union Finance Minister Nirmala Sitharaman on Friday chaired a high-level review meeting on the progress of GIFT City and its expanding international financial services […]

CW Bureau · May 23, 2026

INFRASTRUCTURE IRFC Raises $400 Million Yen-Linked ECB Deal, Second Loan In FY26

Indian Railway Finance Corporation (IRFC) has signed a loan agreement with a consortium comprising Sumitomo Mitsui Banking Corporation (SMBC) GIFT City Branch and MUFG Bank Ltd GIFT Branch to raise an External Commercial Borrowing (ECB) of JPY equivalent to $400 million. The agreement was signed in New Delhi by IRFC General Manager (Finance) Nav Goel […]

CW Bureau · Feb 25, 2026