LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

NSE gets Sebi nod to operate international exchange at GIFT

NSE IFSC Ltd, the global exchange promoted by the National Stock Exchange, has received in-principle approval from the Securities and Exchange Board of India (Sebi), to set up operations at Gift city, a NSE official told PTI.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
NSE gets Sebi nod to operate international exchange at GIFT
NSE IFSC will be operational for a longer period than the NSE during a trading day and all trades will be cleared and settled via NSE IFSC Clearing Corporations Ltd. Photo: IANS
Written By: PTI
Updated: Wed, Jan 11, 2017
05:50 pm
Mumbai, PTI

Leading stock exchange NSE has got regulator Sebi's approval to set up an international exchange at Gujarat International Finance Tech (GIFT) city.

NSE IFSC Ltd, the global exchange promoted by the National Stock Exchange, has received in-principle approval from the Securities and Exchange Board of India (Sebi), to set up operations at Gift city, a NSE official told PTI.

The international exchange is expected to go operational by mid-February this year, the official said.

Gujarat's GIFT City, is being developed as the country's first International Financial Services Centre (IFSC).

Several products from the currency, commodity and equity segments are expected to get listed on the new exchange which may also introduce other innovative products in line with Sebi regulations.

Being a global exchange, NSE IFSC is expected to remain operational for a longer period than the NSE during a trading day and all trades will be cleared and settled through NSE IFSC Clearing Corporations Ltd.

The regulator has recently issued norms allowing international exchanges to operate up to 23 hours in GIFT and settle trades at least twice a day.

The stock exchange's closest competitor BSE has already launched an international exchange namely India International Exchange which is expected to go live post Makar Sankranti.

The exchange was inaugurated by Prime Minister Narendra Modi earlier this week.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
NSE IFSCSebiNational Stock ExchangeNSE IFSC Clearing CorporationsGIFT City IFSCGIFT CityMarketNarendra ModiBombay Stock Exchange
RELATED NEWS

LATEST NEWS

On Whatsapp, Hero MotoCorp expands Digital outreach, enhances customer service

Anil Singhvi decodes key levels of FIIs are Buying and Selling; EXPLAINED

IMD monsoon 2021 outlook: Good news! Rains to be normal this year, says weatherman

Centre readies National Hydrogen mission, Rs 800 crore outlay planned

LIC wage revision: Employees to get over 25% wage hike, five day week and other benefits - All details here

Ravichandran Ashwin roped in as Beetel brand ambassador

Delhi curfew e-pass update: Apply for wedding e-pass on delhi.gov.in website, timings and more

NEET PG 2021 exam date: Important notification for Candidates, here is Latest News on examination

Anil Singhvi’s Strategy April 16: Day support zone on Nifty is 14,450-14,500 & Bank Nifty is 31,500-31,800

CBSE class 10 promotion criteria, class 12 board exam dates and will ICSE Class 10, 12 exams be postponed?—All you need to know

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved