Latest news with #GIFTCity
Yahoo
a day ago
- Business
- Yahoo
Deakin University GIFT City Campus, India, announced 'Winner' at Economic Times Education Excellence Awards 2025
NEW DELHI, June 20, 2025 /PRNewswire/ -- Deakin University is proud to announce that its GIFT City Campus in Gandhinagar, India, has been awarded 'Winner' in the category of 'Outstanding in Adopting NEP Strategies' at the prestigious Economic Times Education Excellence Awards 2025. The awards ceremony, held at The Leela Ambience Convention Hotel, New Delhi, brought together distinguished educational leaders from across the country. This milestone not only recognises the landmark India's first international branch campus initiative but also celebrates Deakin's three-decade legacy of deep engagement with India. Since becoming the first university to establish an office in India in 1994, Deakin has fostered enduring partnerships across India's academia, industry, and government, forging the path for this transformative new campus. Established in 2024, the campus represents a new model for higher education in India. It is globally benchmarked, digitally empowered, and deeply aligned with the transformative vision of India's National Education Policy (NEP) 2020. "It's an enormous privilege to be part of India's education transformation and support the Indian Government's NEP 2020 ambitions. Our Deakin GIFT City campus provides access to a world-class education for Indian students on their home soil, whilst building on Deakin's deep and longstanding connection and friendship with India. Being in the heart of GIFT City allows us to facilitate opportunities with key global industry tech and finance players," said Professor Iain Martin, Vice-Chancellor, Deakin University. Deakin's GIFT City Campus is the first international branch campus in India. Focused on preparing students for the rapidly advancing digital economy, it offers a vibrant atmosphere that includes cybersecurity laboratories and state-of-the-art digital classrooms. It also facilitates internship opportunities with onsite industry partners. "This is not just a win for Deakin, it's a win for the India-Australia education partnership," said Ravneet Pawha, Vice President (Global Engagement) and CEO (South Asia), Deakin University. "Our GIFT City Campus builds on years of meaningful collaboration and trust earned in India. It reflects Deakin's unique positioning to bring international education closer to Indian aspirations." The GIFT City campus currently offers postgraduate programs in Cybersecurity and Business Analytics, designed with Indian industry partners and delivered at the same standards as offered in Australia. Its first successful placement cycle concluded recently, with students securing paid internships and future roles at National Australia Bank's India Innovation Centre. Deakin's GIFT City Campus has been purpose-built for scalability and sustainability, both across its physical and academic structure. Powered by Deakin's award-winning advanced tech for education delivery model, students benefit from AI-powered learning platforms, virtual labs, and simulations, alongside holistic learner support systems and access-enabling scholarships. As a campus grounded in Deakin's philosophy of 'In India, With India, For India', this recognition affirms their role in helping India realise its NEP goals through globally relevant, locally delivered education. To know more about the Deakin University GIFT City Campus, please visit About Deakin University Established in 1974, Deakin is Australia's most progressive University with a focus on delivering outcomes that benefit the whole of society through exploring and developing great ideas. Deakin excels in both education and research globally and has more than 65 global partnerships. Deakin's South Asia operations commenced in 1994 at New Delhi, India, making it one of the first overseas education providers to set up operations in this region. Here, Deakin engages with the government, industry, and academia to share its vibrant education and research culture. Our strong global footprint allows us to connect with students and partners around the world through our presence in China, Europe, India, Indonesia, South and Central America, and Sri Lanka. For more information on Deakin University, please visit Photo: View original content to download multimedia: Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
5 days ago
- Business
- Yahoo
Sing Re gets reinsurance branch licence to operate in India
Singapore Reinsurance Corporation (Sing Re) has secured a reinsurance branch licence from the International Financial Services Centres Authority (IFSCA). The regulatory approval enables the company to establish an IFSC Insurance Office (IIO) in Gujarat International Finance Tec-City (GIFT City). The move authorises Sing Re to conduct property & casualty (P&C) reinsurance as a Category – 2 reinsurer within the Order of Preference framework. The new IIO is expected to facilitate Sing Re's access to the Indian reinsurance market. The company provides treaty and facultative reinsurance across various lines including accident, agriculture, casualty, credit, energy, equipment, marine, medical, motor, personal and property business, targeting regions such as Asia-Pacific, Africa and the Middle East. With origins dating back to January 1973, Sing Re has transitioned from a local cooperative to a regional reinsurance entity, focusing on non-life reinsurance treaty and facultative business from Asia, including the Middle East and Indian sub-continent. In 2021, Sing Re underwent corporate changes, becoming a subsidiary of Fairfax Asia, with Fairfax Financial Holdings as the ultimate beneficial owner. Consequently, Sing Re was delisted from the Singapore Exchange on 5 August 2021. The treaty reinsurance covers a wide range of areas including accident and health, agriculture, auto/motor, casualty, marine and energy, marine hull and cargo, medical, professional liability, property and surety and trade credit. The facultative reinsurance services offered by the company encompass casualty, marine and energy, marine hull and property. "Sing Re gets reinsurance branch licence to operate in India " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Standard
5 days ago
- Business
- The Standard
Investment bankers in India paid more than in Hong Kong, Singapore
A general view of office buildings at the Gujarat International Finance Tec-City at Gandhinagar, India, in December 2023. Photo by REUTERS
Mint
11-06-2025
- Business
- Mint
India's elite is embracing overseas investments to unlock global wealth
India's wealthy are increasingly exploring investment opportunities beyond domestic markets, driven by the dual motivations of maximising returns and diversifying portfolios. The Liberalised Remittance Scheme (LRS), AIF (Alternative Investment Fund) structures at GIFT City, and the concept of accredited investors are all opening new doors for Indian investors to diversify their wealth, broaden their global reach, and potentially access more stable returns. Rising appetite for overseas investments With the LRS introduced in 2004, Indian residents can remit up to $250,000 annually for a variety of capital and current account transactions, including investments in foreign securities and real estate. As a result, Indian interest in overseas investments has surged. Also Read: Moving abroad? Here's what you should do with your NPS investments. According to The Wealth Index Report by 360 ONE Wealth, transfers for deposits, property acquisitions, and investments in equities and bonds reached $2.45 billion in 2022-23, reflecting a compound annual growth rate (CAGR) of 26% since 2018-19. Of these, equities and debt securities formed the largest category, boasting a 31% CAGR. A distinct appeal of these overseas investments is their potential to enhance portfolio diversification. With Indian equity markets showing a positive but relatively low correlation to global equities, investments in developed markets provide a buffer against domestic market volatility. This risk mitigation is particularly valued by wealthy Indian investors seeking to safeguard their portfolios against local economic fluctuations. Diversification benefits Given an environment of global uncertainty and volatility, investors prefer a diversified portfolio with exposure across the US, other developed markets, and emerging markets. Moreover, an actively managed approach is often preferred, as clients are deeply engaged in running their own businesses and value the oversight of dedicated advisors who actively monitor and manage their portfolios. The need for advice and active management is enhanced in times of volatility and uncertainty. India's gateway to international finance India's efforts to create a global finance hub led to the establishment of GIFT City in Ahmedabad in 2015, modelled after free trade zones in Singapore and Dubai, the avenue aims to position India as a powerhouse for international financial services by offering tax incentives, a streamlined regulatory framework, and facilities to facilitate cross-border financial activities. No FIF (Family Investment Fund) has received approval in GIFT for Indian resident capital going out. Also Read: This CEO has no fixed-income investments, and has never done an SIP Nevertheless, GIFT City remains a relatively new and complex concept. Awareness is limited, with only 55% of survey respondents aware of its offerings, and nearly half expressing no interest in exploring the opportunities it presents. For those who are attuned to the benefits, GIFT City's FIF structure can serve as a lucrative vehicle for managing family wealth internationally, providing Indian investors with a controlled yet global platform. Exploring the accredited investors avenue For wealthy individuals seeking access to a broader array of financial products, accredited investor status offers significant opportunities. Introduced by the Securities and Exchange Board of India (Sebi) in 2021, this designation allows individuals and entities meeting specific financial thresholds to engage in relatively high-risk, high-reward investments. Accredited individuals must have a net worth of at least ₹5 crore, with an annual income of ₹50 lakh or more, while corporates require a net worth of ₹25 crore. The purpose of accredited investor classification is to empower wealthy, financially sophisticated investors to diversify into high-potential yet complex financial products. Despite the potential advantages, only a fraction of India's affluent are taking advantage of this designation—the report held that while 50% of respondents are aware of the status, a substantial 85% have not applied for it. In comparison, the concept of accredited investors is well established in markets like the US, where 24 million households qualify as accredited, making up 18.5% of all households. Also Read: Bank, NBFC investments in AIFs may get smoother Investment opportunities for India's affluent are expanding well beyond domestic boundaries. With a growing number of Indians investing abroad under the LRS, a robust international financial centre in GIFT City and the emergence of the accredited investor category, Indian wealth is increasingly globalised. While some investors remain cautious, professionals can be instrumental in helping them understand, assess, and capitalise on the diverse avenues available. As awareness builds and more high-net-worth and ultra-high-net-worth families and individuals embrace these opportunities, India's wealthy are well-positioned to secure and grow their wealth across borders, underscoring the power of a well-optimised, internationally diversified portfolio. Aarthi Ramakrishnan, head of strategy, 360 ONE Asset.
Indian Express
02-06-2025
- Business
- Indian Express
First foreign university in India concludes placement cycle
Deakin University GIFT City, the first foreign university to have its offshore campus in India, has concluded its first-ever placement cycle in collaboration with the National Australia Bank's (NAB's) Innovation Centre India. Seven postgraduate students of Business Analytics from a batch of 30 were placed. Prof Deepak Bajaj, Academic and Campus Director, Deakin University GIFT City, said, 'Our first placement cycle, led by a prestigious global partner like NAB, validates the international standards we uphold at GIFT City. Our students are proving that world-class education can be delivered and nurtured right here on Indian soil.' Students of the first cohort secured paid internships, which will offer them full-time roles upon graduation in NAB's Innovation Centre India in Haryana' Gurugram. Vikas Malik, Executive Technology, NAB Innovation Centre India, said, 'The quality of talent from Deakin's GIFT City campus is truly exceptional. These students are not just industry-ready, but innovation-ready.' Khushi Saraf, a Masters of Business Analytics student, said: 'The opportunity to work with NAB is more than just a job offer, it's a career breakthrough.' 'The outcomes highlight the power of our industry-integrated academic model. The level of preparedness and maturity shown by our students made all of us at Deakin incredibly proud,' David Das, Head of Campus Operations, Deakin GIFT City, said. The hiring process includes technical and management interview rounds, which follow online coding assessment to gauge communication, motivation, and alignment with NAB's values. Deakin University's GIFT City campus offers postgraduate programmes in Business Analytics and Cyber Security.
