IFSCA Panel Proposes Direct Listing at GIFT City

IFSCA Proposes Foreign Ships at GIFT City for Indian Ports

India's shipping sector faces a critical examination as the International Financial Services Centre Authority (IFSCA) seeks permission for foreign-flagged ships to operate from the Gujarat International Finance Tec-City (GIFT City). This proposal aims to alleviate longstanding challenges within India's maritime industry, presenting a potential solution to boost efficiency and competitiveness.

The IFSCA's initiative highlights the pressing need to confront issues affecting Indian ports. By allowing foreign ships to operate from GIFT City, a designated financial hub, the proposal aims to ..

IFSCA Proposes Foreign Ships at GIFT City for Indian Ports

India's shipping sector faces a critical examination as the International Financial Services Centre Authority (IFSCA) seeks permission for foreign-flagged ships to operate from the Gujarat International Finance Tec-City (GIFT City). This proposal aims to alleviate longstanding challenges within India's maritime industry, presenting a potential solution to boost efficiency and competitiveness.

The IFSCA's initiative highlights the pressing need to confront issues affecting Indian ports. By allowing foreign ships to operate from GIFT City, a designated financial hub, the proposal aims to ..

IFSCA Proposes Foreign Flag Ships for Indian Ports

India's shipping sector faces scrutiny as the International Financial Services Centre Authority (IFSCA) seeks approval to permit foreign-flagged ships to operate from the Gujarat International Finance Tec-City (GIFT City). The move aims to alleviate challenges in the country's shipping industry, potentially introducing a solution to long-standing issues.

The proposal by IFSCA underscores the urgency of addressing woes in India's maritime sector. By allowing foreign-flagged ships to operate from GIFT City, a designated financial hub, the initiative seeks to enhance the efficiency and co..

PNB Official Accused of Embezzling Rs 5 Crore from Bhopal Firm

The Central Bureau of Investigation (CBI) has charged a Punjab National Bank (PNB) official with embezzling approximately Rs 4.98 crore from a Bhopal-based infrastructure construction company. The head cashier, Mukul Singh, allegedly conspired with a private individual, Vinod Kumar Singh, to commit the fraud.

The incident occurred at PNB?s Delhi Road Branch in Hapur, Uttar Pradesh. According to CBI officials, Mukul Singh, without proper authorization, merged the account of Dilip Buildcon Ltd with that of Vinod Kumar Singh?s company, Star Raze. Subsequently, funds amounting to Rs 4.98 cr..

KMRL's Rs.1.16 Bn Project Delayed Due to Lack of Government Support

The Kochi Metro Rail Limited (KMRL) is experiencing setbacks in its ?1.16 billion project as several government departments have reportedly failed to provide necessary support. The project, aimed at enhancing urban transportation infrastructure in Kochi, has encountered delays due to bureaucratic hurdles and insufficient cooperation from concerned government bodies.

According to sources familiar with the matter, the project's progress has been significantly hampered as key departments have not fulfilled their commitments, including providing essential clearances and approvals. This lack..