IFSCA Panel Proposes Direct Listing at GIFT City

01 Sep 2023 CW Team

The International Financial Services Centre Authority (IFSCA) has set its sights on streamlining the process for direct listings at Gujarat International Finance Tec-City (GIFT City). In a recent development, the IFSCA panel has recommended crucial changes to the regulatory framework, aiming to make GIFT City a more attractive destination for companies looking to go public.

The proposed measures seek to simplify and expedite the listing process for businesses in GIFT City's capital markets. This move could potentially unlock significant opportunities for domestic and international companies to raise capital directly, bypassing the traditional route of listing on Indian stock exchanges.

The IFSCA's initiative aligns with GIFT City's broader vision of becoming a global financial hub. It is expected to boost investor confidence and attract a broader range of businesses, including startups and tech firms, to list their shares at GIFT City. By facilitating direct listings, the IFSCA aims to position GIFT City as a competitive player in the international financial landscape, ultimately fostering economic growth and job creation.

These recommendations signal a progressive step towards establishing GIFT City as a prominent financial centre and may contribute to India's broader economic transformation.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..