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The Latest Breaking News from GIC

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

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

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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

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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

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 UK

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…

International Business Times

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.

Barchart

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

The Guardian - UK

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.

AAP

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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.

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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.

The Hindu

Skyroot expects to double rocket launches amid Chandrayaan-3's success

Skyroot Aerospace, backed by GIC, aims to double launches next year & raise more money. Chandana, ex-ISRO scientist, says they're receiving "a lot of messages" from investors since Chandrayaan-3 success. Plans to ramp up workforce and fundraising in 2024 to support increased launches.

The Hindu

Will seek reduction in vehicle insurance premium following fall in road accident deaths, says Transport Commissioner

Transport Commissioner S. Sreejith has proposed to GIC and IRDA to reduce insurance premiums for vehicles with no traffic rule violations/accidents & increase premiums for others due to a decline in accidents & fatalities.

Barchart

Are These 2 Unusually Active Call Options Under $1 Worth Buying?

The options market isn’t very busy in Thursday trading, so we thought it would be a good idea to find two tech stocks with unusually active call options trading for less than $1. This approach is best suited to aggressive investors used to above-average risk.

Liverpool Echo

Singapore £560bn sovereign wealth fund GIC not expected to invest in Liverpool FC

Singapore's sovereign wealth fund GIC had been linked with making an investment in Liverpool

Birmingham Post

UK Land Estates signals growth intentions and plans to attract businesses to the North East

The major commercial landlord and developer spoke to BusinessLive about opportunities in the region

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