GIC Re has emerged as the 10th largest amongst the top 40 Global Reinsurers, as reported by Standard and Poor’s. The ranking is based on the net premium booked by the reinsurer in 2018. GIC Re demonstrated 24.5 per cent growth in its top line during FY 2018, while amassing a staggering premium of Rs. 41,799 crore.

The state-owned company's Initial Public Offering (IPO) of approx Rs. 1,350 crore will be issued at a price band of Rs. 115.00-118.00 per share.

The advantages of diversification is a much talked topic in the investor community. Diversification is one of the key tools for mitigating risk. Diversification means investing in unrelated asset classes. Investors may also further diversify their portfolio by spreading risk across geographies.

Health Ministry has prohibited the manufacture and sale of 328 fixed-dose combinations (FDCs) for human use with immediate effect observing that they may involve risk to patients.

The number of investors opting for mutual funds as an investment vehicle has been increasing for a while. Equity investment leads the way.

Soap-to-software company Wipro gained after the company announced a partnership with Duck Creek Technologies, developer of software for property and casualty insurers across the globe. The partnership arrangement is such that Wipro will provide a multitude of implementation services and associated software and data solutions to insurance companies. 

Following stocks are close to their 52-week low as at 1.04 p.m. on September 12, 2018.

The markets on September 12, 2018 opened up. BSE Sensex is trading at 37,377.19, down by 35.94 points and the Nifty is trading at 11,264.25, down by 23.25 points. 

The shares of Bharti Airtel Limited took a hit of around 2 per cent as the company was issued a demand notice, charging penalties worth Rs. 11 lakh for the quarter ending March 2018. 

Sun Pharma’s Mohali plant in Punjab is undergoing a three-day surprise investigation by the USFDA. The investigation commenced on September 10, 2018, confirmed the company in an exchange filing. The company is of the opinion that the investigation will not cause any material impact.