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GIC

GIC

GIC of India is a state owned enterprise in India. It was the sole reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France.

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GIC to invest Rs 5,512.5 cr in Reliance Retail Ventures
Business

GIC to invest Rs 5,512.5 cr in Reliance Retail Ventures

Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that GIC, a leading global investment fund, will invest Rs 5,512.5 crores into RRVL, a subsidiary of Reliance Industries.

Modi makes 3 records with visit to Ram Janmabhoomi
National

Modi makes 3 records with visit to Ram Janmabhoomi

New Delhi, Aug 5 Prime Minister Narendra Modi reached Ayodhya on Wednesday after a gap of 28 years. ...

Burning costs to cool combined ratio for general insurers
Business

Burning costs to cool combined ratio for general insurers

With the combined ratio for motor vehicle damage or own damage business line crossing 100 per cent for Indian general insurers it is time for the sectoral regulator and the companies to take corrective action, said senior industry officials.

Ghaziabad girls get administrative exposure through day-long initiative
National

Ghaziabad girls get administrative exposure through day-long initiative

As part of the "Beti Bachao, Beti Padhao" initiative, the district administration here has attached as many as 10 girl school students with the officials for a day so as to give them a glimpse into the functioning of the administration and enrich their experience.

AAI writes to SG again, now on validity of GIC's GMR stake
Business

AAI writes to SG again, now on validity of GIC's GMR stake

State-owned Airports Authority of India (AAI) has once again written to Solicitor General of India (SG) seeking his opinion on the proposed investment by Tata Group consortium partner GIC, the Singapore government's sovereign wealth fund, in home-grown airport major GMR group's airport business.

Singapore invokes 'fake news' law for 1st time
Business

Singapore invokes 'fake news' law for 1st time

Singapore on Monday invoked its controversial law against fake news for the first time to order correction of a Facebook post by Progress Singapore Party (PSP) member Brad Bowyer.

'Foreign PEs pumped $14 bn in realty during 2015-19'
Business

'Foreign PEs pumped $14 bn in realty during 2015-19'

Foreign private equity firms invested around $14 billion during the period starting 2015 to the quarter ended September of 2019 with most of the investments in the commercial real estate sector, says a data by Anarock Capital.

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