U.S. recipients from former U.S. citizens or long-term residents ("covered expatriates"). IRS finalized the regulations.

Approximately 99 percent of the gifts received during Nawaz Sharif and Musharraf's terms (1997-2001) were retained by the receivers, with 45 per cent in free and the rest as low as Rs 50 per gift, ...

Despite markets remaining open for the Budget, foreign investors' participation was very minimal. Hence, analysts say the ...

Unimoni, a leader in the foreign exchange and travel service industry, is proud to announce the continued expansion of its ...

GIFT City has made steady progress, with over 740 entities registered and banking assets crossing $78 billion by December ...

Leading foreign financial institutions such as Goldman Sachs, Morgan Stanley, and UBS are set to benefit from relaxations ...

India INX in talks with 5 Indian companies for direct listing in GIFT City, Gujarat, aiming to boost international trading.

When gifts are changing hands — perhaps literally — in a windowless room in City Hall, there is no opportunity for oversight ...

Avinash Nair in Ahmedabad discusses the impact of Union Budget on GIFT IFSC treasury operations, attracting Indian corporates ...

HSBC is the only international bank in GIFT City offering a full range of products and services, including wholesale banking ...