April 15, 2025

Gift city

Japan’s MUFG completes first blockchain-enabled trade deal with Tata International at GIFT City | Stock Market News

Japan’s MUFG completes first blockchain-enabled trade deal with Tata International at GIFT City | Stock Market News

TheSpuzz Desk05 mins

Source: Live Mint MUFG Bank, Ltd. (MUFG), Japan’s leading financial institution, has completed its first fully-digitalised trade finance transaction from its GIFT City Branch for a subsidiary of Tata International Limited, the global trading arm of the Tata Group.  Utilising the Contour Network Hub from Xalts, MUFG and Tata International Limited’s Singapore treasury centre digitally…

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Budget 2025 | GIFT City insurance and endowment plans are now tax-free for NRIs

Budget 2025 | GIFT City insurance and endowment plans are now tax-free for NRIs

TheSpuzz Desk010 mins

Source: Live Mint The Union Budget for 2025-26 has proposed a major tax arbitrage for unit-linked insurance policies and endowment plans sold via Gift City. If approved, the maturity proceeds in such dollar-denominated insurance plans will be tax-free if the premium amount is under 10% of the sum assured. Currently, maturity proceeds in Gift City-linked…

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India versus global: A balanced approach for NRI investors

India versus global: A balanced approach for NRI investors

TheSpuzz Desk09 mins

Source: Live Mint His Indian portfolio was equally scattered, featuring 25-30 mutual fund schemes and random stocks chosen based on tips from friends and online forums. Despite his proactive approach, Rohan’s investments lacked direction and alignment with his financial goals.  His story highlights a common challenge faced by NRIs: balancing investments between India and global…

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ESG investing remains fraught with challenges

ESG investing remains fraught with challenges

TheSpuzz Desk08 mins

Source: Live Mint With global warming, dwindling biodiversity and rising pollution threatening posterity and widening economic disparities, campaigns such as Race to Zero and the United Nations’ Sustainable Development Goals matter more than ever. Investors these days are conscious about where their money goes, and environment, social and governance (ESG) has evolved as a framework…

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Tax breaks, reforms, and returns: Why NRIs are banking big on India

Tax breaks, reforms, and returns: Why NRIs are banking big on India

TheSpuzz Desk06 mins

Source: Live Mint The Indian market offers diverse avenues for portfolio diversification, including alternative investments such as portfolio management services (PMS) and alternate investment funds (AIFs).  Equity investments, for instance, have delivered an impressive average annual return of 15% over the past five years, outperforming most major economies. Mutual funds also remain a popular choice,…

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GIFT City isn’t just for NRIs and foreigners – it has something for everyone

GIFT City isn’t just for NRIs and foreigners – it has something for everyone

TheSpuzz Desk09 mins

Source: Live Mint Speaking at an event organised in collaboration with the Financial Planning Standards Board (FPSB) India on the World Financial Planning Day on 4 October, Dipesh Shah and Pradeep Ramakrishnan, executive directors at International Financial Services Centres Authority (IFSCA), talked about how GIFT City, primarily perceived as an investment destination, has much more…

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