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BusinessPB Fintech, parent of Policybazaar, lost over ₹42,000 crore in market value within seven trading sessions, falling from ₹87,290 crore to ₹45,174 crore. This 48% decline followed an Irdai consultation paper proposing caps on distributor commissions. The stock price dropped to its IPO level of ₹980, marking a 32-month low.
ET Markets·
PoliticsBy-elections are being held today in India for five assembly seats and one Lok Sabha seat. Voting is taking place in Nagaon Lok Sabha seat in Assam; Nandigram and Rajnagar assembly seats in West Bengal; Madurantakam and Dharapuram assembly seats in Tamil Nadu; and Thattanchavady assembly seat in Puducherry.
Aaj Tak·
SportsDuring the China Open semifinal between Daniil Medvedev and Novak Djokovic, Medvedev hit a shot in anger that struck a fan in the eye. The fan was in pain, clutching their eye. Medvedev was trailing 7-5, 5-3 when the incident occurred after about two and a half hours of play. Officials disqualified Medvedev, advancing Djokovic to the final against Alex de Minaur.
News18Hi Sports·
WorldA Russian drone strike on the Turkish-owned cargo ship MV ROYAD MAMMADOV in the Black Sea outside Romania killed at least two crew members and injured others, including one of three Indian nationals aboard. The injured Indian sailor is receiving medical treatment in Romania. The Indian Embassy and Ambassador Manoj Mohapatra are in contact with authorities and confirmed the three Indians are in good health.
NDTV World·
PoliticsAndhra Pradesh Chief Minister N Chandrababu Naidu announced that the state government is adopting an integrated approach to manage water resources. This strategy aims to address the needs of drinking water, irrigation, and industrial use effectively. The announcement was made on Monday, highlighting the government's commitment to sustainable water management.
Hindustan Times··Andhra Pradesh
TechnologyXiaomi's subsidiary Mijia launched the Smart Air Purifier 4C and 6 series in India last month. The Smart Air Purifier 4 Compact features a minimalist design, weighs 2.2kg, and measures 220 x 355mm. It uses a 3-in-1 filtration system with a primary filter, HEPA filter, and activated charcoal filter, capturing 99.97% of particles as small as 0.3 microns, effectively reducing dust, pollen, smoke, and pet hair with low noise.
Deccan Herald·
ET Markets·
PB Fintech, parent of Policybazaar, lost over ₹42,000 crore in market value within seven trading sessions, falling from ₹87,290 crore to ₹45,174 crore. This 48% decline followed an Irdai consultation paper proposing caps on distributor commissions. The stock price dropped to its IPO level of ₹980, marking a 32-month low.
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