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General Insurance Corporation of India News

GIC Re board of directors approves setting up wholly owned subsidiary in UK

The company has no minimum capital requirement and can be set up with a capital of £1. The corporation will initially subscribe to the minimum capital as may be necessary, at face value

GIC Re board of directors approves setting up wholly owned subsidiary in UK
Updated On : 04 Feb 2025 | 8:20 PM IST

New India, GIC, other insurance cos fall up to 6% as GST decision deferred

In one month, the stock prices of ICICI Prudential, HDFC Life and SBI Life have fallen between 6 per cent and 10 per cent, as against the 2 per cent decline in BSE Sensex

New India, GIC, other insurance cos fall up to 6% as GST decision deferred
Updated On : 23 Dec 2024 | 10:22 AM IST

Breakout stock: GIC RE share price up 12%, hits record high on heavy volume

Breakout stocks: The strong surge in GIC RE share came as the stock witnessed a multi-year trendline breakout roughly above Rs 400 level

Breakout stock: GIC RE share price up 12%, hits record high on heavy volume
Updated On : 20 Dec 2024 | 1:22 PM IST

GST indecision pressure insurance stocks; HDFC Life, SBI Life shed up to 4%

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

GST indecision pressure insurance stocks; HDFC Life, SBI Life shed up to 4%
Updated On : 10 Sep 2024 | 4:13 PM IST

GIC RE gets bids worth Rs 2,300 cr; demand only half of total issue size

Shares of GIC Re, the country's largest reinsurance company, have rallied over 75 per cent in the past one year. The company is currently valued at Rs 69,825 crore

GIC RE gets bids worth Rs 2,300 cr; demand only half of total issue size
Updated On : 04 Sep 2024 | 4:50 PM IST

GIC Re slips 5% after Govt plans to dilute 6.78% stake to raise Rs 4,700 cr

The decline in GIC Re's share price follows the central government's announcement of its plan to reduce its stake in the company by 6.78 percent to raise about Rs 4,700 crore.

GIC Re slips 5% after Govt plans to dilute 6.78% stake to raise Rs 4,700 cr
Updated On : 04 Sep 2024 | 9:56 AM IST