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GIC Re to be listed on NSE on Wednesday

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The insurance and reinsurance industry is the latest to join the palette of choice for equity investors in recent times LATEST NEWS   :    The IPO received bids for 17,06,99,808 shares against the total issue size of 12,47,00,000 shares, data available with the NSE showed. GIC Re is all set to emerge among the top 10 global reinsurers and figure among the 40 largest global corporates, both in terms of market capitalisation. From its current ranking of 12 largest global reinsurer, the company is set to grow to the 10th spot during the current fiscal, given its healthy growth rate, a market source said. At present, GIC Re is also the 3rd largest reinsurer in Asia. It is also likely be the second largest Indian entity in the financial sector PSU listed space after SBI, the source added. Alongside SBI, GIC Re is the country's leading MNC in financial sector with a global presence - it has branches in London, Dubai, Kuala Lumpur and a subsidia...

Exercising on empty stomach may be better for health: study

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Fitness enthusiasts, take note! Exercising on an empty stomach may help burn more body fat and fuel your metabolism, boosting your health in the long run, a new study has found. Researchers from University of Bath in the UK studied a group of overweight males. The volunteers walked for 60 minutes at 60 per cent maximum oxygen consumption on an empty stomach, and on another occasion for two hours after consuming a high-calorie carbohydrate-rich breakfast. The team took multiple blood samples after eating or fasting and after exercising. They also collected adipose tissue samples immediately before and one hour after walking. Gene expression in the adipose tissue differed significantly in the two trials, researchers said. ALSO READ :Fit & Proper: When weight affects the joints They found that the expression of two genes, PDK4 and HSL, increased when the men fasted and exercised, and decreased when they ate before exercising. The rise in PDK4 likely indicates that stored ...