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The Latest Breaking News from GIC

LIC said to lead bidding in NSE’s Rs 22,800 crore IPO

LIC emerged as the largest bidder in NSE’s ₹22,800 crore IPO with ₹4,500 crore in bids, joined by ICICI Prudential and Quant Mutual Fund. Despite cautious retail participation (1.3x), strong institutional demand (12.7x) drove overall subscription to 5.7x ahead of its September 24 listing on BSE.

The Economic Times

DLF to open ₹500 crore Goa mall by March 2027, eyes over ₹150 crore annual rental income

DLF is set to develop a lavish seven lakh sq ft shopping mall in Goa by March 2027, with a projected investment of approximately ₹500 crore. The mall is forecasted to earn over ₹150 crore in annual rent and has already secured leases for seventy to seventy-five percent of its…

The Economic Times

NSE IPO: IFCI, New India Assurance, other stocks rally up to 9% as Rs 22,569 crore IPO opens. How much exposure do they have?

IFCI, New India Assurance and other stocks rallied after the Rs 22,569 crore NSE IPO opened for subscription. The companies have direct or indirect exposure to NSE, with several shareholders also selling stakes through the offer-for-sale. NSE’s IPO comprises 12.64 crore shares and is open for bidding until September 21.

The Economic Times

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Goldman, Templeton, Fidelity said to plan buying into NSE IPO

Goldman Sachs Asset Management, Franklin Templeton and Fidelity International are among global investors expected to participate as anchor investors in NSE’s IPO. Norges Bank Investment Management, Abu Dhabi Investment Authority, GIC, Millennium Management, Marshall Wace and Citadel Capital are also likely to subscribe. The exchange is preparing to raise up…

The Economic Times

Govt achieves 78 pc of FY27 divestment, asset monetisation Budget target in Apr-Aug

The government has achieved about 78% of its ₹80,000-crore FY27 disinvestment and asset monetisation target within five months. It has raised ₹62,124 crore so far, led by a ₹31,515-crore LIC stake sale, while the strategic sale of IDBI Bank remains on the table.

The Economic Times

New insurance norms for hospital admission: 'Unnecessary hospitalisation' won't be allowed; doctors fear genuine mediclaims may be denied

New insurance norms for hospital admission issued by the General Insurance Council advise that patients with uncomplicated fever be treated on an outpatient basis rather than admitted. While the council calls it advisory, doctors and nursing home owners fear insurers will use the guidelines to deny legitimate cashless claims, particularly…

The Economic Times

Global Market: GIC to invest $30 billion more in hedge funds, doubles down on AI

Singapore's sovereign wealth fund GIC plans significant new investments. The fund will allocate an additional thirty billion dollars to hedge funds over three years. GIC is also expanding its exposure to artificial intelligence opportunities across various sectors. This strategic shift follows a period of more conservative investment and softer long-term…

The Economic Times

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Global Market: GIC reshuffles senior investment leadership, names two deputy group CIOs

Singapore sovereign wealth fund GIC has appointed two deputy group chief investment officers and named a new chief investment officer for its Fixed Income & Multi Asset business as part of a senior leadership reshuffle. The changes aim to strengthen oversight of the fund's global investment operations.

The Economic Times

GIC shares dip 4% as Rs 3,088 crore OFS opens for retail investors. Should you participate?

General Insurance Corporation of India shares saw a dip as the government initiated an Offer for Sale. Retail investors can now bid for a stake in the insurer. The offer has already attracted strong demand from institutional investors. Market analysts suggest caution for retail investors due to profitability concerns and…

The Economic Times

GIC shares decline 6% as Rs 3,088 crore OFS opens at 9% discount

The government is set to divest up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale, opening today at a floor price of Rs 352 per share. This move aims to raise over Rs 3,087 crore and is part of the government's broader…

The Economic Times

GIC's common empanelment of hospitals win-win for all stakeholders: IFFCO-TOKIO MD

The General Insurance Council is introducing a common hospital empanelment platform. This initiative aims to streamline processes for over 10,000 hospitals and 32 insurance companies. Policyholders will experience reduced friction and improved services. IFFCO-TOKIO General Insurance is also upgrading its IT system for faster claims and efficient operations. This move…

The Economic Times

Southwest Airlines opens GIC in Hyderabad

Southwest Airlines has launched its Hyderabad Office, a Global Innovation Centre. This marks a significant expansion of its global business and technology operations. The centre will enhance reliable, secure, and efficient airline operations. It will develop next-generation solutions in artificial intelligence and data. Hyderabad's role in shaping future mobility and…

The Economic Times

DLF-GIC JV firm's rent income rises 16% to Rs 5,525 cr in FY26 on demand for commercial spaces

DCCDL, a joint venture between DLF and GIC, saw its rental income climb 16 percent to Rs 5,525 crore last fiscal. This growth was driven by strong demand for its prime office and retail assets. The company's office rents increased by 17 percent, while retail rents grew by 11 percent.…

The Economic Times

Sony's $4 Billion Bet on Rock & Roll Royalties

Sony Group's acquisition of Blackstone's music catalog solidifies streaming royalties as a premier, institutionally-backed asset class for investors.

MarketBeat

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International Business Times UK

Sony Wants to Spend $4B on Justin Bieber and Neil Young Songs — Here's Why They Are Worth So Much

Sony and GIC near a $4 billion acquisition of Blackstone's Recognition Music Group, securing 45,000 iconic songs from artists like Bieber and Neil Young. Discover the impact on the music industry.

International Business Times

Hologic Stock at 52-Week High in 2026: Buy or Sell Ahead of $18.3 Billion Blackstone Takeover Closure?

Hologic Inc. shares hit a fresh 52-week high of $76.07 Tuesday as the medical technology company's $18.3 billion buyout by private equity giants Blackstone and TPG appeared on track to close as early as April 7, leaving investors with a narrow window to decide whether to buy, sell or ride…

Barchart

Earnings Preview: What to Expect From Prologis' Report

Prologis is all ready to post its fiscal 2026 Q1 earnings next month and analyst expect its earnings to climb in single-digit.

The Guardian - UK

Anthropic raises $30bn in latest round, valuing Claude bot maker at $380bn

Maker of chatbot with coding ability says annualised revenue grew tenfold in each of past three years, to $14bn

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AAP

Aust's biggest self-storage chain to be taken private

National Storage, which owns 290 self-storage locations in Australia and New Zealand, has agreed to be acquired by Brookfield and GIC for $4 billion.

Fortune

Top analyst sees 'genuine cracks for mid- to lower-end consumers' as the K-shaped economy continues to bite

Mid- to lower-income households are struggling with an "affordability crisis," notes Lisa Shalett of Morgan Stanley Wealth Management. Credit stress is "flashing yellow."

Benzinga

Hologic Agrees To $18.3 Billion Buyout By Blackstone And TPG

Hologic, Inc. (NASDAQ:HOLX) shares are trading higher after the company agreed to be acquired by funds managed by Blackstone Inc. (NYSE:BX) and TPG Inc. (NASDAQ:TPG) for an enterprise value of about $18.3 billion.

Barchart

Nio Brushes Aside Fraud Allegations: How Should You Play the Chinese EV Stock Now?

Nio stock brushed aside fraud allegations made by Singapore’s GIC yesterday. Here’s how to play the stock now.

Fortune

NTT DC REIT's flat trading debut shows Singapore's struggle to revive a 'lackluster' stock market

Singapore has had just three IPOs so far this year. Hong Kong, by comparison, has had more than 40.

The Hindu

Cashless Everywhere initiative welcomed by patients but hindered by slow implementation in hospitals

Low consumer awareness about cashless hospital facilities, lack of standardised rates, and disagreements between hospitals, insurers about treatment costs are challenges faced by GIC’s new scheme

StockNews.com

Top 4 Industrial Stocks on Wall Street in 2024

The robust industrial sector, driven by a surge in demand for automation and modernization, is complemented by government initiatives. Thus, fundamentally solid industrial stocks Gibraltar Industries (ROCK), Global Industrial (GIC), Apogee Enterprises (APOG), and Clearwater Paper (CLW) might be ideal buys this year. Read more.

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