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Policybazaar parent PB Fintech plunges 32% after IRDAI insurance proposal

Business

Policybazaar parent PB Fintech plunges 32% after IRDAI insurance proposal

PB Fintech shares fell to ₹1,285.20 from the previous close of ₹1,890 after IRDAI proposed changes to insurance distribution costs and commissions. The consultation paper also targets misleading website designs and mis-selling, raising concerns about pressure on Policybazaar's per-policy earnings and triggering a sharp investor response.

24 Sep 2026

Banks to Open on Sunday, September 27 Before Nationwide Strike Begins

Business

Banks to Open on Sunday, September 27 Before Nationwide Strike Begins

Public sector banks and regional rural banks will operate normally on Sunday, September 27, after the Finance Ministry and RBI approved the move ahead of the United Forum of Bank Unions strike scheduled from September 28 to September 30. The decision is intended to give customers access to branch-based banking before the proposed industrial action.

24 Sep 2026

Stake-sale report sends an Indian company's stock up 20% at close

Business

Stake-sale report sends an Indian company's stock up 20% at close

Shares of an Indian company ended 20% higher after news emerged that its promoter company was selling a stake. The report links the sharp market move to the stake-sale development, but it does not identify the company, the promoter or the size of the stake involved.

24 Sep 2026

RBI backs offline e₹ payment ideas using Bluetooth and NFC technology

Business

RBI backs offline e₹ payment ideas using Bluetooth and NFC technology

The Reserve Bank of India is encouraging payment innovations through HaRBInger, including ideas that could allow digital rupee transactions without internet connectivity. highlights Bluetooth and NFC as possible ways to support offline e₹ payments, pointing to broader possibilities for digital transactions.

22 Sep 2026

RBI FD rules change from 1 October 2026: What depositors need to know

Business

RBI FD rules change from 1 October 2026: What depositors need to know

RBI’s revised fixed deposit guidelines will require banks to follow uniform rates for matching deposits made on the same day, while publishing applicable rates online. The changes take effect from 1 October 2026 and also set disclosure requirements for bulk deposits of ₹3 crore or more.

22 Sep 2026

Warren Buffett, 96, hands Berkshire chairmanship to son Howard Buffett

Business

Warren Buffett, 96, hands Berkshire chairmanship to son Howard Buffett

Warren Buffett has stepped down as Berkshire’s chairman and transferred the company’s leadership to his son, Howard Buffett. He will remain associated with the business as honorary chairman. The 96-year-old investor is still listed among the world’s top 10 billionaires, with a net worth of $145 billion.

19 Sep 2026

Adidas cuts jobs at Gurugram tech hub; 45–50% staff reportedly affected

Business

Adidas cuts jobs at Gurugram tech hub; 45–50% staff reportedly affected

Adidas has confirmed reductions in some technology roles in India, while the number of affected employees remains undisclosed. The cuts were communicated during a town hall meeting on 15 September at the company’s Gurugram tech hub, where about 700 people work, according to reports.

17 Sep 2026

NSE IPO GMP at ₹207 points to estimated ₹1,992 listing price

Business

NSE IPO GMP at ₹207 points to estimated ₹1,992 listing price

The NSE IPO has a price band of ₹1,700-₹1,785 per share, while its grey market premium is around ₹207. Based on the upper band, the implied listing price is about ₹1,992, or an estimated 11.60% premium. The issue will be entirely an offer for sale and open in September 2026.

14 Sep 2026

DPIIT approval required to use Indian Patent Office’s official logo

Business

DPIIT approval required to use Indian Patent Office’s official logo

The Department for Promotion of Industry and Internal Trade has ordered that individuals, businesses, digital platforms and professionals must obtain government approval before displaying, reproducing or using the official logo of the Indian Patent Office in any medium.

14 Sep 2026

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