GIC RE
New India Assurance stock jumps over 5% on appointment of new CMD Shares of The New India Assurance Company rose by 5% to Rs 251 in Thursday's trading session on the BSE following the announcement of Girija Subramanian's appointment as Chairperson cum Managing Director (MD) of the company.
20 Jun, 2024, 12.46 PM ISTGovernment initiates parametric & hydroelectric insurance pools for enhanced disaster protection The government, led by GIC chairman Ramaswamy Narayanan, is developing parametric and hydroelectric insurance pools to enhance disaster protection. Parametric coverage will pay claims based on predefined triggers like earthquakes, while the hydroele...
04 Jun, 2024, 12.25 AM ISTGIC Re Q4 Results: Net profit rises 3% to Rs 2,642 crore GIC Re on Tuesday posted a 3 per cent increase in net profit to Rs 2,642 crore for the fourth quarter ended March 2024 compared to Rs 2,564 crore in the same quarter a year earlier.
28 May, 2024, 09.20 PM IST- ADVERTISEMENT
Data collaboration software firm Atlan raises $105 million; valuation nearly doubles to $750 million Funding led by Singapore's GIC and US-based Meritech Capital values startup at $750 million, up from $450 million in March 2022 when it last raised funds
08 May, 2024, 08.25 PM ISTGovt open to selling stake in GIC Re, LIC in FY24/25: Source In FY 2024/25, India may sell a 10% stake in GIC for about Rs 57 billion. LIC plans to offload 10% over 7 years and 25% over 10 years post its successful IPO.
19 Apr, 2024, 10.44 PM ISTIndia govt open to selling stake in GIC Re, LIC in FY24/25, says source The Indian government is likely to sell a minority stake in General Insurance Corporation of India and Life Insurance Corporation of India in financial year 2024/25 after assessing investor appetite.
19 Apr, 2024, 05.59 PM ISTMasdar, Gentari, others eye majority stake in Ayana Renewable Power The majority stake sale will value Ayana's equity at $1 billion, with an enterprise value - inclusive of debt in the capital structure - around $2.5-3 billion, sources told ET. Non-binding bids will likely be in by mid-April, said these officials.
18 Mar, 2024, 03.08 PM ISTIT services stock decodes way to rise 6%; insurance player promises 12% profit Nifty opened modestly lower but recouped some of the previous session’s losses. It closed positive.
15 Mar, 2024, 10.06 AM ISTNo structural breakdown yet in small and midcap indices: Anand James The gap between largecaps and small and mid cap indices is widening, but no structural breakdown has occurred. IT stocks, except for TCS, are in a downtrend. Tata Steel shares hit fresh 52-week highs. A largecap route is a more broad based one, whil...
04 Mar, 2024, 09.24 AM ISTFlorintree Capital sells entire 10.71%, GIC buys 6% stake in Data Patterns through block deals Florintree Capital Partners, led by Mathew Cyriac, has exited its investment in Data Patterns (India) Ltd, selling its entire 10.71% stake worth about Rs 1,100 crore. The company has also received investments from Singapore's GIC, Mirae Mutual fund,...
16 Feb, 2024, 01.11 PM ISTGlobal captive centers fueling demand for large offices Global centers, particularly in the technology and BFSI sectors, have cornered almost 40% of the significant deals in the top six cities. Notable transactions involve names such as Bank of America, Philips, Wells Fargo, Qualcomm, and CitiBank, with ...
25 Dec, 2023, 01.18 AM ISTPublic-private partnerships are the way to go for real climate action beyond good intentions India has already demonstrated a high level of ambition and accomplishment on climate change. Progress is being made towards the goal Prime Minister Narendra Modi announced two years ago: reaching 50% clean energy by 2030.
03 Dec, 2023, 08.24 PM ISTPost Covid, health segment seeing the maximum amount of growth: Ramaswamy Narayanan, GIC RE “Post Covid, there has been a lot of understanding amongst the investing public among the insuring public that you need to be adequately covered because even healthy people started getting claims. So that is an area where there were high claims rati...
27 Nov, 2023, 09.20 AM ISTGreen 'n' bear it, it's ammonia, GH2 start Ammonia is used for manufacturing nitrogenous fertilisers, and the green ammonia production process is 100% renewable and carbon-free. Once concluded, the deal will be the largest FDI to date in this sector as India seeks to decarbonise its economy.
01 Nov, 2023, 12.15 AM ISTMalaysia's Petronas, Singapore's GIC and Greenko form a $2 billion green ammonia venture Petronas arm Gentari and AM Green established by the creators of Greenko have officially announced the signing of binding agreements with a GIC affiliate. Their collective goal is to produce 5 million tons per annum (MTPA) of green ammonia by the ye...
30 Oct, 2023, 10.18 AM ISTPetronas, Singapore’s GIC, Greenko founders set to invest $2 bn in new green platform AM Green To set up 5 MTPA green ammonia facilities; aims to be among lowest-cost producers of green H2, molecules etc. Once concluded this will be the largest FDI in green molecules space in the country till date.
30 Oct, 2023, 06.18 AM ISTAn insurer and a pharma firm get ready for a climb After a weak session on Friday, the start of the week remained better than expected. NIFTY consolidated in a defined range before closing with minor gains. The markets saw a positive start to the day and the NIFTY marked its high point in the first ...
11 Jul, 2023, 09.00 AM ISTView: Want to save the planet? Re-Industrialize through renewables Instead of focusing on degrowth, China and India are prioritizing technology to enable people to aspire to a more prosperous life next year and beyond without destroying the planet. Pumped-storage hydropower and the chemistry of ammonia are the top ...
20 May, 2023, 08.20 PM ISTLIC, GIC Re, New India remain Domestic Systemically Important Insurers, says Irdai India's Insurance Regulatory and Development Authority (Irdai) has declared three state-run insurers, Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and New India Assurance, as Domestic Systemically Importan...
31 Mar, 2023, 10.42 PM ISTCPPIB may offer to buy out ReNew minority shareholders Earlier this month, CPPIB bought a 14% stake from Goldman Sachs for a sum of $268 million, increasing its stake in the company to 52%.
25 Mar, 2023, 01.01 AM IST