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
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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
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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
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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
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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
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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
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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
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Feb 25, 2026
