On Tuesday, the group’s total market capitalisation rose by ₹12,190 crore – the first increase since the sell-off in its stocks began on January 25 triggered by the adverse Hindenburg Research report that resulted in its value almost halving.
GIC Re reports 9.7% profit jump to Rs 1,922 crore driven by improved claims and underwriting
General Insurance Corporation of India has announced a notable profit increase of 9.7 percent, attributed to enhanced performance in claims management and underwriting. The company