News for General Insurance Corporation of India (GICRE.BO)

For the third year in a row, the Insurance Regulatory and Development Authority of India (IRDAI) has retained the ‘obligatory cession,’ which is the

'Investment by insurers in the Bima Sugam India Federation is illegal as it is a private limited company.'

The Board of Directors of the General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has approved the incorporation of a

Stock Market Today: Trump Tariffs have become a grim reality for the markets, geopolitics and economies globallyUS President Donald Trump announced a 25 per cent tariff on imports from Canada and Mexico and a 10 per cent tariff on Chinese goods.

RBI may declare a surplus to the Government for FY25 through dollar sales and overseas investments, experts suggest.

Key divestment candidates, Ajay Garg of SMC Global Securities said, include CONCOR, BPCL, LIC, SCI and HAL, all of which are likely to be in focus due to their significant market presence and profitability.

Shares of GIC Re, NIACL, Star Health, Go Digit dropped up to 10% after the GST Council deferred a decision on relief for life insurance premiums.

India's government auditor unearthed costly mistakes. Oriental Insurance Company lost Rs 194 crore on a crop insurance scheme. They also lost Rs 14.92 crore on an uninsured policy. SBI Cards lost Rs 19.65 crore due to poor credit checks. UTI Infrastructure wasted Rs 5.71 crore by re-tendering a PAN card printing contract.

India's finance ministry is strategically divesting stakes in public sector enterprises. This has boosted market capitalization by 3.6 times in three years. Dividend payouts reached a record Rs 63,749 crore. The government collected Rs 8,625 crore this fiscal year from stake sales. The combined divestment and asset monetization target is Rs 50,000 crore for 2024-25.

IBPS has declared the results for the Specialist Officer (SO) Preliminary Examination today. Candidates can check their results on the official website. Those who qualify will move on to the IBPS SO Mains Examination, scheduled for December 14, 2024. This recruitment drive aims to fill 896 vacancies across various Specialist Officer positions.

Q2 Results Today: 3M India Ltd, Bombay Dyeing and Manufacturing Co. Ltd, Bosch Ltd, CESC Ltd, Hyundai Motor India Ltd, and FSN E-Commerce Ventures Ltd (Nykaa) are among 554 companies set to post their quarter earnings on November 12.

Stocks including Sagility India, Hindalco Industries, Britannia, ONGC, L&T Technology Services, Bank of India, NMDC, Awfis Space Solutions and more will be in the spotlight on Tuesday, November 12.

The jury will convene on November 11 to assess India’s banking sector, large non-banking financial companies (NBFCs), and fintech firms, drawing on its unparalleled expertise honed over nearly three decades.

It is a trend of Dalal Street that big IPOs usually perform to fail big. In fact, the majority of the mega Dalal Street issues have been proved to be wealth destroyers, getting listed on discounts.

Global credit rating agency AM Best has upgraded and revised the credit rating outlooks for Indian public sector reinsurer, General Insurance Corporation

AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of General

Insurance stocks: The GST Council has announced the formation of a new Group of Ministers to review the issue of GST rate reduction on health insurance.

Reliance Industries, Suzlon, Vedanta, PNB Housing, Sona BLW, GIC of India, Raymond Lifestyles and more may remain under the spotlight on Wednesday, September 04.

ECOS (India) Mobility, AU Bank, GIC RE, Mankind, IEX, Godfrey Phillips, NHPC, BGR Energy, and more may remain under the spotlight on Wednesday, September 04.