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Get the appGetHDFC Bank and IndusInd Bank shares fell sharply following a new IRDAI proposal to cap product-wise commissions and introduce clawback of commissions in cases of mis-selling. This regulatory move caused a significant drop in banking and financial stocks, with the NIFTY Bank index tumbling over 1,130 points. The proposal aims to change distribution and payout norms for insurers.
Upstox·19h ago
TechnologyResearchers at IIT Delhi's Electrical Engineering Department have designed India's first working indigenous micro-GPU chip. This development aims to reduce the country's dependence on imported GPUs used in artificial intelligence, machine learning, and other embedded applications, marking a significant step in India's semiconductor capabilities.
Asianet Newsable·12h ago·Delhi
India's largest ePharmacy is developing an in-house quick-commerce system to deliver medicines across cities within 30 minutes. The company faces complex challenges in achieving this rapid delivery, highlighting that moving medicines in under an hour is far more complicated than it appears. This initiative aims to enhance accessibility and convenience for customers.
The Economic Times·12h ago
SciencePublic Works Secretary Vince Dizon urged a shift to hybrid flood control methods combining nature-based and concrete infrastructure. He emphasized learning from countries like the Netherlands, which use both approaches effectively. Dizon highlighted the need for tailored solutions per area, proper use of public funds, and urgent action to address persistent flooding in the Philippines without delay.
The Manila Times·12h ago
BusinessAndhra Pradesh will organize five regional investment meets ahead of the Vizag Partnership Summit in November. These events aim to showcase different regions, attract memorandums of understanding (MoUs), and boost investments in the state. The initiative is part of efforts to promote economic growth and regional development through increased business engagement.
The Hindu·12h ago·Visakhapatnam
For the first time, astronomers have detected radio signals originating from an exoplanet outside our solar system. These signals suggest the presence of auroras on the distant planet, providing new insights into its magnetic environment and atmospheric conditions. This discovery marks a significant milestone in the study of planets beyond our solar system.
Google News·12h ago
Upstox·19h ago
HDFC Bank and IndusInd Bank shares fell sharply following a new IRDAI proposal to cap product-wise commissions and introduce clawback of commissions in cases of mis-selling. This regulatory move caused a significant drop in banking and financial stocks, with the NIFTY Bank index tumbling over 1,130 points. The proposal aims to change distribution and payout norms for insurers.
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