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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.

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.

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.