DARK SECRETS: Gic | Vintage Vibes

GST shake-up: Council may rejig tax officers' panels

The GST Council is likely to recast its tax officers' committees to make them leaner as the system matures. It is proposed to reduce the current structure into three consolidated bodies, including a standing committee. The new arrangement is based on political ownership and transparency in handling proposals from trade…

The Economic Times · 11h ago

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 · Sep 22

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 · Sep 19

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 · Jul 24

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 · Jul 10

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 · Jun 17

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 · Jun 16

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 · Jun 12

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 · May 20

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 · May 18