Victims said they had no prior dispute with the men, suggesting the assault was random. Police teams from Gandhinagar Police Station are analysing CCTV footage and appealing for public information to identify the six attackers.

The incident occurred shortly after another violent attack in the city, where 20–25 masked men armed with swords, sticks, and baseball bats stormed Magic Spot Café in Misrod. CCTV visuals captured them rushing in and destroying property within minutes, forcing customers to flee for safety.

Police have registered an FIR naming five suspects in the café case and ruled out robbery as a motive. Two individuals have been detained for questioning. Officials said the attack appears linked to personal enmity or business rivalry, with three police stations jointly investigating using CCTV and witness accounts.

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The FCSS allows entities within the International Financial Services Centre (IFSC) to settle transactions in foreign currency on a real-time or near real-time basis. This upgrade makes GIFT IFSC one of the few global financial hubs, including Hong Kong, Tokyo, and Manila, with this infrastructure.

Earlier, foreign currency transactions took 36-48 hours via correspondent banking. Sitharaman said the FCSS ensures faster, seamless settlements while strengthening operational resilience and compliance. Standard Chartered India will handle US dollar clearance for this system.

India ranks third globally in fintech companies and leads in digital payments, completing over 18,580 crore UPI transactions worth Rs 261 lakh crore in 2024-25. GIFT City in Gandhinagar, Gujarat, is now a strategic hub for international finance and fintech innovation, providing faster and secure transaction infrastructure.

The post Sitharaman Launches Foreign Currency Settlement at GIFT City appeared first on India Podcast.

The conclave focused on connecting early-stage ventures with top investors. More than 50 venture funds joined the event. 170+ startups from 20 states showcased innovations in defence, aerospace, clean energy, agritech, and fintech. The Startup Conclave 2025 created a vibrant space for collaboration, learning, and growth.

Investor pitching sessions aimed to unlock ₹250 crore in funding. Gujarat’s government signed 50 MoUs and handed out funding cheques and Letters of Intent. These efforts reflect the state’s commitment to nurturing entrepreneurship and driving economic progress.

Thematic pavilions featured electric vehicles, semiconductors, drones, and space tech. Visitors explored cutting-edge solutions and interacted with founders and tech leaders. The conclave also hosted panel discussions, workshops, and networking events to boost startup visibility and investor confidence.

Chief Minister Bhupendra Patel and Education Minister Rushikesh Patel joined Amit Shah at the ceremony. Their presence highlighted Gujarat’s push for innovation and self-reliance. Amit Shah praised the state’s proactive approach and encouraged youth to embrace entrepreneurship.

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