Bloomberg General Insurance Corp., India’s largest reinsurer, and its owner will seek as much as 113.7 billion rupees ($1.7 billion) after setting terms for the third-biggest initial public offering on record in the South Asian nation. GIC will offer 17.2 million new shares at 855 rupees to 912 rupees apiece, according to advertisement published on Wednesday in the Financial Express ...

Bloomberg Surging bids for Singapore land aren’t sustainable in a market constrained by demographics and the government’s cooling measures, according to the head of a developers’ association. “It is not sustainable to continue at this rate,” Augustine Tan, president of the Real Estate Developers’ Association of Singapore, said on Wednesday. “With property measures in place, slow growth in Singapore’s population ...

Bloomberg Billionaire Anil Ambani’s battle to chip away at the $7 billion his telecom company owes its debtors seems to get harder with each passing day. The failure of a plan to merge with rival Aircel Ltd. to gain scale and pare borrowings has sent Reliance Communications Ltd. back to the drawing board to stitch together alternate deals to sell ...