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Hitesh Joshi appointed as CMD of GIC Re

Hitesh Joshi appointed as CMD of GIC Re

by AIP Online Bureau | Jun 16, 2026 | Indian News, Reinsurance

Hitesh Joshi, CMD, GIC Re Joshi has been serving as the acting CMD of GIC Re since Oct 1.The post has fallen vacant after N Ramaswamy retired from the company since Sep 30. The government on Tuesday has appointed Hitesh Joshi, 57, as the new CMD of GIC Re, the ninth...
India limits cough syrup sales to pharmacies after contamination cases

India limits cough syrup sales to pharmacies after contamination cases

by AIP Online Bureau | Jun 16, 2026 | Health, Indian News, Policy, Regulation

The government has now removed cough syrups from the exemption list, ​while allowing pills, tablets and lozenges to remain on it, according to a government ​notification dated June 15. New Delhi:India has restricted cough syrup sales to licensed pharmacies especially...
Institutional investors rush for GIC Re shares; issue subscribed nearly 4X on day 1

Institutional investors rush for GIC Re shares; issue subscribed nearly 4X on day 1

by AIP Online Bureau | Jun 16, 2026 | Eco/Invest/Demography, Indian News, Reinsurance

DIPAM Secretary shared the development via X on Tuesday, adding “Offer for Sale in General Insurance Corporation of India received an enthusiastic response from the investors on day one and was oversubscribed 3.72 times. Government has decided to exercise the...
Trade Secrets: TCS to take $70 million hit after US Supreme Court rejects appeal

Trade Secrets: TCS to take $70 million hit after US Supreme Court rejects appeal

by AIP Online Bureau | Jun 16, 2026 | Indian News, Risk Management, Technology

The case ​stems from a 2019 lawsuit filed in Dallas federal ​court by DXC’s predecessor, Computer Sciences Corporation, which accused TCS of ‌hiring ⁠around 2,200 Transamerica, another insurance company, employees and using their inside access to build a rival...
Insutech Turtlemint Fintech Solutions to announce around Rs 900 crore IPO on Tuesday

Insutech Turtlemint Fintech Solutions to announce around Rs 900 crore IPO on Tuesday

by AIP Online Bureau | Jun 15, 2026 | Indian News, Technology, Wealth Management/ Philanthropy

It is expected to launch its IPO between June 19 and June 23, with the issue size estimated at Rs 2,000 crore, said sources Mumbai Mumbai based insurtech startup Turtlemint Fintech Solutions, connecting insurace advisors, customers and insurance company for offering...
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