Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
GIFT City joins global financial hubs
Mint Kolkata
|October 08, 2025
Union finance minister Nirmala Sitharaman launched the foreign currency settlement system on Tuesday at Gujarat International Finance Tec-City (GIFT City), marking a major step towards enhancing India’s standing as a global financial hub.
Finance minister Nirmala Sitharaman launched the foreign currency settlement system on Tuesday at GIFT City.
(BLOOMBERG)
The system will enable the real-time settlement of foreign currency transactions within GIFT City’s International Financial Services Centre (IFSC), eliminating the delays that can last up to two days under the existing correspondent banking mechanism.
“Transactions in foreign currency by entities in IFSC are today settled through correspondent banking arrangements routed via multiple Nostro banks (foreign banks with which a domestic bank holds an account), often with a lag of up to 36 to 48 hours,” Sitharaman said at the Global Fintech Fest in Mumbai.
Dit verhaal komt uit de October 08, 2025-editie van Mint Kolkata.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Kolkata
Mint Kolkata
Battery storage to jump 6x by 2047
(MNRE).
2 mins
November 27, 2025
Mint Kolkata
India’s labour reforms promote inclusion as well as productivity
The codes are designed to work in the interests of our workforce while supporting economic growth
3 mins
November 27, 2025
Mint Kolkata
ICIL sells Bharti Airtel's stake
Telecom czar Sunil Bharti Mittal’s family office-owned ICIL on Wednesday raised ₹7,195 crore by selling a 0.
1 min
November 27, 2025
Mint Kolkata
McKinsey trims about 200 tech jobs
The consulting firm joins rivals in using artificial intelligence to automate some positions.
1 min
November 27, 2025
Mint Kolkata
Uber India valuation surges amid battle with Ola, Rapido
November funding values shares 41% higher than the previous round in May 2023
2 mins
November 27, 2025
Mint Kolkata
EV, hydro boom to power 6x rise in battery storage by ‘47
India is preparing to meet a projected cumulative battery energy storage capacity of nearly 3 terawatt-hours (TWh) by 2047 across electric mobility, power, and electronic components, according to two people aware of the development, with electric vehicles (EVs) expected to contribute a third of the demand.
1 min
November 27, 2025
Mint Kolkata
Climate crisis: Innovation works, compression doesn't
After weeks of hot air, the UN’s CoP summit limped to an end in Brazil's Amazonian hub of Belém over the weekend, with a ‘deal’ that delivers nothing measurable for the climate, while wasting political capital and much effort on pledges.
3 mins
November 27, 2025
Mint Kolkata
PepsiCo taps gourmet taste buds with Red Rock Deli’s India debut
Snack and cola maker PepsiCo is finally giving gourmet a chance with the launch of Red Rock Deli chips, priced ₹60 and ₹125 a pack, in a shift from its years-long focus on mass-market Lay's that starts as low as ₹5.
2 mins
November 27, 2025
Mint Kolkata
Cabinet approves ₹7,280 cr rare earth magnets scheme
The scheme has been drawn up along the lines of India’s semiconductor mission
2 mins
November 27, 2025
Mint Kolkata
PORTFOLIO MANAGEMENT AND ASSET ALLOCATION LESSONS FROM THE MAHABHARAT
Thenote can move freely across need and time.
2 mins
November 27, 2025
Listen
Translate
Change font size