Startup investors cash out nearly Rs 18,000 crore after IPO lock-ins endTop global investors like SoftBank and KKR have cashed out nearly Rs 18,000 cr from new-age Indian companies post-listing. This marks a shi...
Sarvam’s unicorn raise; Big exits in new IPOsHappy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.
Why India’s next real estate cycle could be driven by retail investors and REITs, Sandipan Roy explainsIn an interaction with Sandipan Roy, Chief Investment Officer (CIO), at Motilal Oswal Private Wealth, he explains why India’s next real est...
General Insurance Corp's OFS sees 3% subscription so far from retail investors on Day 2On Thursday, retail investors showed a 3.3% subscription rate for the General Insurance Corp offer for sale (OFS) on its opening day for re...
Patient investors could subscribe to GIC’s two-day OFSRetail investors can consider buying General Insurance Corporation shares in the ₹4,701-crore offer for sale on Thursday. Analysts suggest ...
Stocks in news: GIC Re, RIL, Vedanta, Sona BLW, PNB Housing Finance, Suzlon EnergyStocks in news: Equity markets paused after a 14-day winning streak, closing lower on Wednesday amid weak global trends. Key stocks in focu...
General Insurance Corporation's OFS sees strong demand with 108% subscription on Day 1As part of the OFS, the government has opted to exercise the greenshoe option, increasing the total stake sale to 6.78%. The government pla...
GIC Re shares tumble over 5% as government offloads stake via OFSGIC Share Price: Shares of General Insurance Corporation (Re) of India dropped by 5.4% to Rs 398.60 as the government began selling its 6.7...
Government to launch OFS for 6.78% stake in GIC, floor price set at Rs 395The Centre is set to launch an Offer for Sale (OFS) of 59.5 million shares in General Insurance Corp (GIC), reducing its stake from 85.78% ...
Govt to sell 6.78% stake in GIC Re via OFS, sets floor price at Rs 395/shareThe issue, estimated at Rs 4,701 crore, opens for non-retail investors on Wednesday and for retail investors on Thursday. Employees can sub...
New India Assurance, GIC Re at odds over Kudankulam Nuclear Power Plant insurance coverThe insurance cover of more than ₹43,200 crore is sought for the under-construction units 3 and 4 of the Kudankulam Nuclear Power Plant. Th...
PSU general insurers on promotion spree; elevate 21 DGMs to GMsIn their bid to take on rising competition, public sector insurers are promoting their young officials to the post of general managers.
Govt to shore up finances by diluting its stakes in general insurers like New India Assurance, GICUnlike public sector banks, none of the state-run insurers are listed and these firms have rarely been spoken of as candidates for listing.
General Insurance Corporation to offer catastrophe bondsIndian bond investors will soon get a novel product — catastrophe bonds from the state-run reinsurer, but it will be a high risk and high-r...
Expansion on mind, GIC Re poised to buy South Africa’s SaxumThe Johannesburg-based Saxum is a composite reinsurer underwriting both life and non-life business, and after acquisition will become the o...
- New reinsurers in the Gulf turn up the heat on GIC
The oil boom has resulted in billions of dollars flowing into reinsurance, creating new capacity in the Mid East, which will provide stiff ...
We'll be the reinsurer of choice in India, abroadGIC Re is moving away from captive business to becoming a market-led player with a focus on life reinsurance, energy cover and liability re...