GIC Re reports 9.7% profit jump to Rs

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 reported an 8.8 percent year-on-year rise in gross premium income. Furthermore, the incurred claims ratio saw a signifi

Big Tech’s AI capex surge is putting pressure on free cash flow, with Microsoft, Amazon, Alphabet and Meta spending $165 billion in Q2 against just $7 billion in free cash flow. Jefferies’ Chris Wood warns that growing reliance on cash-burning AI firms OpenAI and Anthropic could pose a hidden risk.

Sugar stocks rallied for a second session on Friday as domestic sugar prices climbed 8-10% over the past month to a seven-year high. Rising global prices, supply concerns in Brazil and Thailand, higher ethanol demand and expectations of tighter Indian exports have strengthened the outlook for sugar

The Indian rupee faced a challenging week, depreciating against the dollar amidst mounting tensions from the Middle East conflict. Despite this, central bank interventions and steady dollar sales by state banks helped mitigate more significant losses. With India relying on imports for about ninety p

The Securities and Exchange Board of India (Sebi) has introduced a significant update allowing Infrastructure Investment Trusts (InvITs) to re-include major maintenance debt specifically for road projects. This enhancement provides InvITs with increased flexibility to manage upkeep costs efficiently