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GIC Re hikes its property capacity to Rs 3,500 cr, plans US operations: Vaidyan
Vaidyan completed her tenure of 41 months as the CMD of GIC Re on Wednesday. After Vaidyan’s retirement, the government has asked two senior officials of GIC Re, M Sashikala , director & general manager and Reena Bhatnagar, general manager to discharge the function of Chairman & managing director(CMD), of the listed company, from Aug 1, till a regular appointment is done.
Foreign investors snap 5-month buying streak, pull out Rs 3,758 cr in July
V K Vijayakumar, chief investment strategist at Geojit Financial Services, said “The sentiments have been impacted by the higher tax on FPIs registered as trusts and association of persons. However, the main reason for the selling is the sharp slowdown in the economy particularly in segments like autos. Besides, the second quarter results from corporates have not been reassuring.”
GST slashed for EVs to 5% from 12%, will be effective from 1st August
India has received satellite data on flood-hit regions from 8 nations: MEA
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