gic

Following a disruptive incident at a Pahalgam terror attack protest where farmer leader Rakesh Tikait faced heckling and his turban was dislodged, the Bhartiya Kisan Union (BKU) has called for an urgent Kisan Panchayat in Muzaffarnagar on Saturday. BKU President Naresh Tikait alleges a political conspiracy to weaken the farmers' movement.

Ahmedabad-Gandhinagar-GIFT City is emerging as India's top Tier-II GCC hub, attracting global firms with its infrastructure, incentives, and skilled talent pool. GIFT City's tax benefits and Gujarat's industry-friendly policies are key drivers. The region offers a compelling proposition with a growing number of GCCs, startups, and IFSC units, making it a strong alternative to Tier-I metros.

Reliance Industries is reportedly vying for a stake in Haier India, potentially competing with a consortium led by Sunil Mittal. Haier, seeking a strategic partner, may dilute 25-51% equity, targeting a valuation of $2-2.3 billion. This move comes amid U.S. tariff pressures and India's cautious approach to Chinese investments.

Reliance Industries, led by Mukesh Ambani, has emerged as a strong contender to acquire a significant stake in Haier's Indian operations, intensifying competition with a consortium led by Sunil Mittal. Haier aims to reduce its equity, seeking a valuation of $2-2.3 billion, as Chinese firms are more open to partnerships with Indian entities.

The Supreme Court sharply criticised the Centre on Wednesday for delaying the implementation of a cashless treatment scheme for motor accident victims. Citing a breach of its January 8 order, the court summoned the transport ministry secretary to explain the delay. The court emphasised that financial hold-ups cost lives, and warned of contempt proceedings. The scheme, mandated under the Motor Vehicles Act, was to ensure critical care during the ‘golden hour’ post-accidents.

Skyroot Aerospace, a Hyderabad-based spacetech startup, successfully tested the third stage of its Vikram-1 rocket, named Kalam-100. The test featured an advanced flex nozzle and captured extensive data with cutting-edge sensors. Skyroot developed the rocket's avionics and performed the test at Solar Group’s testbed in Nagpur.

Investment platform Groww is set to raise about $250 million in a pre-IPO funding led by Singapore's gic, boosting its valuation to $6.8 billion. The Bengaluru-based company aims to go public by December, targeting a valuation between $6 billion and $8 billion. Groww has rapidly expanded its financial services and increased its revenue significantly.

Value Attics Reinsurance has become the first private-sector reinsurer in India after receiving a licence from Irdai. Backed by Fairfax group’s Prem Watsa and Kamlesh Goyal, it aims to leverage international reinsurance expertise. The company will start with a paid-up capital of Rs 200 crore and is set to begin operations shortly.

DLF Cyber City Developers Ltd (DCCDL) will invest Rs 6,000 crore to develop 75 lakh square feet of premium office and retail spaces in Gurugram, driven by rising demand for sustainable commercial properties. The investment will include Grade A++ office spaces and the DLF Mall of India. DCCDL's rental income increased by 10% in Q3 amidst higher occupancy and rents.

Today is the last day to apply for the initial public offering (IPO) of the state-run reinsurer General Insurance Corp (gic) of India. The Rs 113.73 billion ($1.75 billion) IPO of the company was subscribed 90 per cent by the second day of the sale on Thursday.

As new immigration regulations take effect, increased rejections and processing delays are raising concerns about Canada’s long-term appeal as a study destination

Singapore’s sovereign wealth fund gic will acquire a 49 per cent stake in Provenance Land, the developer that introduced the Four Seasons brand in India, for over Rs 1,000 crore.

gic Re, the sole Indian reinsurer, is set to acquire South Africa's Saxum Re.

Sadhguru will kickstart ‘Green India Challenge 5.0’ at Shamshabad on Thursday. The Green India Challenge (gic), launched with an aim to improve green cover and save environment, is entering its fifth year.

NEW DELHI: General Insurance Corporation (gic) is likely to buy out 40 per cent stake held by Soros-Chatterjee Group in its mutual fund arm.

The General Insurance Corporation of India (gic) has announced the recruitment of Assistant Managers to fill 110 vacancies. Interested candidates can apply online through the official gic website by December 19, 2024. The selection process includes a written exam, group discussion, personal interview, and medical evaluation. The basic salary for the position is Rs. 50,925, with additional benefits.

Singapore’s sovereign wealth fund gic is in advanced talks to acquire Shriram Group’s nearly 2 million sqft IT SEZ in Chennai for Rs 860 crore ($136 million), marking its third big-ticket commercial office purchase in the last five months in India.

In a bid to reduce pollution in Delhi, the Green India Challenge (gic) has taken up the task of planting one lakh saplings in the national capital in association with Delhi Municipal Corporation.