Government-owned reinsurance company, GIC Re, has secured 10th position amongst the top 40 global reinsurers in a recent ranking published by Standard and Poor's.
The ranking was given on the basis of premium booked during FY18, the company said in a release.
In FY18, the company registered a top line growth of 24.5 per cent, recording premium of Rs 41,799 crore. ******************* MSRDC gets Rs 735cr bank guarantees from R Infra for sea-link proj *
Maharashtra State Road Development Corporation (MSRDC) Wednesday said it has received Rs 735 crore as bank guarantees from Reliance Infrastructure consortium for the Versova-Bandra sea link project.
The state government-run infrastructure company had last week signed an agreement with Reliance Infrastructure - Astaldi S.p.A (Italy) consortium for construction of 17.17 km long Versova-Bandra sea link, to be constructed at a cost of Rs 7,000 crore.
MSRDC has received Rs 350 crore as Performance Bank Guarantee (PBG) and Rs 385 crore as Advance Bank Guarantee (ABG) for the project, a release said. **************** SBI Mutual Fund launches SBI-ETF Sensex Next 50 *
SBI Mutual Fund (SBI MF) announced the launch of SBI-ETF Sensex Next 50, an open-ended equity scheme, tracking S&P BSE Sensex Next 50 Index.
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The scheme aims to generate returns that closely correspond to the total returns of the securities as represented by the underlying index.
The NFO opens for subscription on Sep 5 and closes on Sep 17. ****************** Tata Sky Family Health to provide preventive healthcare guidance *
Tata Sky, India's leading content distribution platform launched Tata Sky Family Health. This interactive service will be offered free of cost to all Tata Sky subscribers.
It will provide medical information on various health-related issues from renowned doctors and people and care givers sharing their experiences on having successfully overcome their challenges.
Tata Sky Family Health will offer a gamut of medical information. The content will also help viewers understand medical terms and educate them on how to read medical reports.
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