Companies in GIFT City IFSC Cross 400 Mark

21 Aug 2025 CW Team

As of July 31, 2025, a total of 409 companies are operating in the Gujarat International Finance Tec City – International Financial Services Centre (GIFT IFSC), Finance Minister Nirmala Sitharaman informed Parliament.

In a written reply in the Lok Sabha, she highlighted that the number of firms in GIFT IFSC has grown nearly fivefold in less than five years — from 82 on October 1, 2020, to 409 by July 2025.

The centre now hosts a wide range of entities, including those in banking, asset management, and allied services, alongside other financial segments.

To support GIFT IFSC’s growth, the government has implemented several policy measures. These include establishing the International Financial Services Centres Authority (IFSCA) as a unified regulator, delegating powers of the Development Commissioner under the SEZ Act, 2005 to IFSCA, and introducing the Single Window IT System (SWITS) to streamline approvals.

News source: KNN India

Real Estate

01 Oct 2025

Q3 2025: Housing Sales Volume Declines 9% Annually

India’s residential real estate market showed mixed trends in Q3 2025. Despite global economic uncertainties and affordability challenges, housing demand remained resilient, supported by rising incomes, urbanisation, and aspirational homeownership.According to ANAROCK Research, housing sales across the top 7 cities stood at approx. 97,080 units in Q3 2025, a 9 per cent decline from 1,07,060 units in Q3 2024. However, the total sales value grew 14 per cent annually – from approx. Rs 1.33 trillion in Q3 2024 to approx. Rs 1.52 trillion in Q3 2025 – largely driven by higher traction in the ..

LANXESS India Honoured with Three Recognitions by Indian Chemical Council

LANXESS India has been honoured with three prestigious awards from the Indian Chemical Council (ICC), reaffirming its commitment to safety, security, and sustainability. The recognitions include the ICC–Vinati Organics Award for Excellence in Management of Health & Safety for its Jhagadia site, along with two ICC–Epsilon Carbon Certificates of Merit under Responsible Care for being the best compliant company in the categories of Security Code and Product Safety & Stewardship Code.The awards were presented by Shri Deepankar Aron IRS, Joint Secretary, Department of Chemicals and Petr..

Enlight Metals Expands into Coal Aggregation

Enlight Metals, one of India’s fastest-growing metal aggregators, has announced its entry into the coal sector with the launch of a dedicated coal aggregation division. This strategic move extends the company’s proven aggregation model from metals to coal, with a focus on reliability, efficiency, and scale in meeting the needs of India’s industrial and energy sectors.The new division will primarily serve two high-demand segments: coking coal for the steel industry and thermal coal for industrial and power producers. Both segments face persistent supply challenges, which Enlight Metals ai..