ipo -mcr world Business Economic 

GIC IPO to open on October 11; price band fixed at Rs 855-912

General Insurance Corp of India (GIC Re) is good to go to commence its uber Rs 11,370 crore introductory open offer one week from now on October 11. This would be India’s second-greatest IPO ever after Coal India’s Rs 15,200 crore issue in October 2008. The state-run reinsurer said it will offer 12,47,00,000 offers in Rs 855-912 each value band in the IPO that will finish up on October 13. The organization said it will offer a markdown of Rs. 45 for every offers to retail financial specialists and qualified…

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sbi mcrworld Business Economic 

SBI Life lists at 5% premium to issue price:

Shares of SBI Life Insurance Company, whose Rs 8,400 crore uber issue finished up as of late, made a not too bad presentation on Tuesday, as the scrip got recorded at Rs 733.30 On BSE, a premium of 4.76 to its issue cost of Rs 700. On NSE, the scrip got recorded at Rs 735, up 5 percent. The issue, which was sold on September 20-22, was subscribed 3.58 times.¬†SBI Life is a joint wander between India’s biggest loan specialist State Bank of IndiaBSE – 0.75 % (SBI) and BNP…

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MARKET TODAY Business Economic 

These Stocks Gained Over 11% Today ; 29 Sep

As the benchmark indices bounced back after the year’s longest bear phase, most popular stocks logged significant gains. Shares of Orient PressBSE 19.97 % (up 19.99 per cent), Onward Tech (up 13.84 per cent), Tarmat LtdBSE 19.98 % (up 13.54 per cent), Rupa & Co (up 12.96 per cent), LCC InfotechBSE -9.88 % (up 12.50 per cent), Radha Madhav (up 11.94 per cent), Lovable LingerieBSE 11.35 % (up 11.41 per cent) and Shekhawati PolyBSE 2.56 % (up 11.11 per cent) were trading¬†.

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Business Economic Corporates 

HDFC ERGO will be launching global health cover of Rs 2 crore

Demand for high-ticket health insurance policies in India has increased. Soon the HDFC ERGO General Insurance will be launching a global health cover of Rs 2 crore. This will be covering travel as well as medical treatments in India and in abroad. The senior member of HDFC ERGO General Insurance had informed that they have observed these days individuals are getting serious about their health from a younger age itself. Thus there is a need of high-ticket health insurance policies. At HDFC ERGO in the health segment, the average age…

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