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https://ift.tt/QupFDmx The Insurance Regulatory and Development Authority of India (IRDAI) has issued a sweeping two-part consultation paper on distribution regulations and expense of management (EoM) caps, sending shockwaves across the financial services landscape. The proposals seek to clamp down on inflated distributor payouts, reduce friction costs for end-policyholders, and transition the industry from an aggressive "push" model to an effort-based and pull-oriented distribution ecosystem. Global brokerage assessments from Jefferies, Macquarie, Bernstein, and HSBC indicate the proposed measures will deliver a significant near-term hit to distributor unit economics — most notably for PB Fintech (Policybazaar) — while leaving low-cost, agency-backed underwriters like Life Insurance Corporation of India (LIC) and SBI Life relatively insulated. ALSO READ:  IRDAI Eyes 5-Year Glide Path To Cut EoM Caps To 20% For General Insurers, 12.5% For Life Insurers The Proposed Regu...

https://ift.tt/QSv1wji Bollywood actor Ayushmann Khurrana, famous for the film 'Vicky Donor', has stepped in to sponsor a rifle for current Asian Championship gold medallist Meghana Sajjanar after learning about her challenges with the equipment. Khurrana had not met Sajjanar or known her personally, yet offered to sponsor her rifle after learning about her circumstances. The support gave the athlete access to world-class equipment and allowed her to train and compete without having to compromise on her preparation. "He didn't know me. We had never met. He just wanted to see an Indian athlete win on the global stage. That rifle levelled the playing field for me, allowing me to train without compromise, take on the best in the world, and achieve what I have today," Sajjanar posted on social media. Recently she won gold in team event and an individual bronze in 10m Air Rifle category at the Asian Championship here at the Karni Singh Range. She won couple of bron...

https://ift.tt/rJQSkud The share allotment status for the National Stock Exchange IPO will be finalised today, on Tuesday, Sept. 22. The bourse is expected to process refunds for non-allottees on Sept. 23, while shares are expected to be credited to the demat accounts of successful allottees on the same day. The initial public offering of NSE kicked off with a slower than expected start but gained traction by the last day of bidding, with strong demand from qualified institutional buyers (QIBs)  overwhelming response from investors as the public issue was oversubscribed by 5.71 times on the third and final day of bidding on Sept. 21. Qualified Institutional Buyers (QIBs) led the demand for the issue, subscribing 12.68 times. The Non-Institutional Investors (NIIs) category was subscribed 6.55 times, while retail investors booked their quota 1.39 times. Investors who participated in the IPO can check the allotment status on the websites of BSE, NSE, and the issue regi...

https://ift.tt/8UK7sO4 Indian equity markets could remain range-bound in Tuesday's session as the Nifty faces a crucial resistance zone around 23,520-23,550 amid persistent geopolitical uncertainty and elevated energy prices. This comes as GIFT Nifty rises 0.34% to 23,519.50 after Brent crude fell below $100. According to Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, the 23,520-23,550 zone is likely to act as an important resistance area for the Nifty in the near term. "A sustained move above 23,550 could extend the ongoing pullback rally towards the 23,700 mark in the short term," Shah said. On the downside, the 23,330-23,300 zone is expected to provide crucial support. Shah said a breach below 23,300 could weaken the near-term structure and potentially result in the index resuming its corrective trend. Market participants are also keeping a close watch on crude oil prices and geopolitical developments, which could influence the sustaina...

https://ift.tt/pedIgY4 Scheduling congestion could force the Indian team to rest some of their players for the final two of their five ODIs against New Zealand later this year, according to a report. India are scheduled to play five T20Is, five ODIs and two Tests during a gruelling two-month tour of New Zealand. However, concerns have been raised over the scheduling of the series, with the Test leg set to begin just four days after the fifth and final ODI on November 15. According to a report in Dainik Jagran , the likes of Shubman Gill , Jasprit Bumrah , KL Rahul , Nitish Kumar Reddy, Prasidh Krishna , Kuldeep Yadav and Mohammed Siraj could be rested for the final two ODIs in Mount Maunganui to prepare for the subsequent Test series. The aforementioned players are expected to be part of both the ODI and Test squads, which could force the team management to prioritise their workload and availability for the red-ball leg of the tour. The report further claimed that India's ...

https://ift.tt/Pso4Bbt Asian Games organisers offered "deepest apologies" on Saturday for playing the North Korean national anthem for the South Korean men's hockey team. South Korean officials were left angered by the latest mishap to hit the Nagoya-Aichi Games, which officially opened after a troubled build-up. At their Friday contest against Bangladesh, South Korea's players lined up for the traditional playing of the anthems, only to look bemused as North Korea's song rang out. Organisers then played Bangladesh's anthem and later the South Korean one, the South's Yonhap news agency said. South Korea went on to win 5-0. "During the men's hockey match between (South) Korea and Bangladesh on September 18, an incorrect national anthem was mistakenly played before the match," the Asian Games organising committee told AFP on Saturday. The statement said that, on Friday, "officials responsible for (National Olympic Committee) relations ...