GIFT City fund ecosystem surges 60-fold to $32 billion, FMEs rise 25-fold

IANS | April 8, 2026 4:12 PM

New Delhi, April 8 (IANS) The Gujarat International Finance Tec-City (GIFT City), on Wednesday, told that its fund management ecosystem scaled sharply over five years, with capital commitments surging 60-fold from less than $0.5 billion in March 2020 to $32.13 billion as of December 2025.

Pakistan brazenly breaching terms of IMF loans: Report

IANS | April 8, 2026 3:28 PM

New Delhi, April 8 (IANS) While the International Monetary Fund (IMF) has asked Pakistan to remove subsidy on diesel as keeping prices of fuels below the market price violates the conditions that have been fixed for its loans to the cash-strapped country, Islamabad has, in brazen defiance of the norms, gone ahead with reducing the subsidy on petrol as well.

Adani wins US court hearing for plea to dismiss SEC suit

IANS | April 8, 2026 2:05 PM

New York, April 8 (IANS) A US judge has granted a request from Billionaire industrialist Gautam Adani to schedule a hearing to dismiss a US Securities and Exchange Commission (SEC) case of alleged fraud. The plea states that the case represents an impermissible extraterritorial application of US law and that the SEC has failed to establish actionable claims under US securities laws.