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BusinessInsurance stocks such as PB Fintech, Turtlemint, ICICI Lombard, HDFC Life, and SBI Life have dropped up to 38% over three days. The decline follows proposed IRDAI distribution reforms that raise concerns about commissions, revenue, and earnings, leading to significant selling pressure in the sector.
ET Markets·2h ago
PoliticsThe United Forum of Bank Unions (UFBU) postponed its planned three-day nationwide strike from September 28 to 30, 2026, after reaching an understanding with the Indian Banks’ Association (IBA). The strike was called over demands including a five-day banking week, suspension and revision of the Performance Linked Incentive (PLI) scheme, and resolution of pending issues. UFBU warned of an indefinite strike from October 26 if demands remain unmet.
Hindu Business·40m ago
BusinessJefferies has ranked Max Financial Services as its top life insurance pick, maintaining a Buy rating despite lowering its target price. The brokerage believes regulatory changes will have a manageable impact on growth and identifies additional opportunities through Axis Bank partnerships.
ET Markets·52m ago
PoliticsA Supreme Court bench led by Chief Justice Surya Kant, with Justices Joymalya Bagchi and V Mohana, is hearing a PIL filed by advocate Anjan Datta. The petition challenges the Centre's September notifications and the new Merchant Discount Rate (MDR) framework, which is scheduled to be implemented from October 15.
DNA India·51m ago
TechnologySeveral budget smartwatches priced below Rs 3,000 now offer long battery life, with some lasting up to two weeks. Key models include Redmi Watch Move with up to 14 days battery, Noise Pulse 4 Max with a large AMOLED display and 7 days battery, and boAt Wave Sigma 3 Curv. These watches also feature clear displays, reliable calling, activity tracking, and water resistance for daily use.
News18 Tech·22m ago
PoliticsTamil Nadu Chief Minister C. Joseph Vijay inaugurated the Thai Maaman Thanga Mothiram Thittam in Madurai, providing a free one-gram 22-carat gold ring to newborns in government hospitals. The scheme encourages deliveries in state-run hospitals and fulfills an electoral promise. A video shows Vijay kneeling and gifting a gold ring to a smiling baby girl. Eligible babies are those born after June 22 in government facilities.
News18·46m ago·Madurai
ET Markets·2h ago
Insurance stocks such as PB Fintech, Turtlemint, ICICI Lombard, HDFC Life, and SBI Life have dropped up to 38% over three days. The decline follows proposed IRDAI distribution reforms that raise concerns about commissions, revenue, and earnings, leading to significant selling pressure in the sector.
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