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, ...

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

The India International Exchange Ltd (India INX) the first international exchange at GIFT IFSC is in talks with five unlisted ...

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

If a U.S. citizen or resident received a gift or bequest from a foreign person after June 17, 2008, they may be required to file Form 708 and pay the Section 2801 transfer tax to the IRS.

Federal tax law requires U.S. persons to report their receipt of foreign gifts or inheritances. IRS Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain ...

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

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

Trading in USD-denominated BSE Sensex derivatives at India International Exchange (India INX) located in International ...

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

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