GIFT City targets $500 billion financial hub status

IANS | September 26, 2025 5:40 PM

New Delhi, Sep 26 (IANS) The second edition of the GIFT International Banking Forum (GIBF) 2025 successfully concluded on Friday, highlighting opportunities to position Gujarat International Finance Tec-City (GIFT City) as a $500 billion multi-asset financial hub, underscoring India’s transition from a delivery hub to a strategic global financial centre.

Pakistan’s Bitcoin deal defies IMF norms, raises money laundering concerns

IANS | September 26, 2025 5:29 PM

New Delhi, Sep 26 (IANS) The recent Pakistan-El Salvador Bitcoin deal has raised serious concerns as it shows that the adoption of cryptocurrency can allow emerging economies to bypass IMF oversight at a time when money laundering and terror financing are posing a major problem worldwide, an article said.

Jindal Steel commissions one of India’s largest blast furnaces at Odisha plant

IANS | September 26, 2025 4:40 PM

Angul (Odisha), Sep 26 (IANS) Jindal Steel on Friday said it has commissioned one of India’s largest blast furnaces at its integrated steel plant in Odisha's Angul, doubling hot metal capacity from 4 MTPA (million tonnes per annum) to 9 MTPA -- marking a major milestone in the country’s steelmaking industry by blowing in a 5 MTPA blast furnace.