Category: Business

Business

IRDAI moots changes to distribution, payout norms

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IRDAI moots changes to distribution, payout norms

Insurance regulator IRDAI has proposed an overhaul of norms governing insurance distribution, commissions and expenses, a development that turned the spotlight on shares of insurers and intermediaries on Thursday, particularly PB Fintech and Turtlemint Fintech. Opening consultation paper ‘Recalibrating economics of insurance distribution’ for public comments, the Insurance Regulatory and Development Authority of India (IRDAI)…

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Business

West Asia crisis not over, potential to escalate further: Oil Minister Hardeep Puri

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West Asia crisis not over, potential to escalate further: Oil Minister Hardeep Puri

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri | Photo Credit: ANI The West Asia crisis is not over and has the potential to exacerbate, said Hardeep Singh Puri, Union Oil Minister at the Public Affairs Forum of India’s annual conclave here Thursday. He added that notwithstanding the prevailing situation, a potential silver…

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Business

Chennai’s BlueBinaries to acquire MicroNova’s auto testing arm to drive $100 mn growth plan

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Chennai’s BlueBinaries to acquire MicroNova’s auto testing arm to drive 0 mn growth plan

BlueBinaries aim to scale the combined business to $100 million in the coming years Chennai-based mobility engineering company BlueBinaries has entered into a definitive agreement to acquire the automotive testing business of Germany-based software and systems provider MicroNova AG, marking a major step in its global expansion strategy. Following the acquisition, the carved-out business will…

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Business

AI redefines India’s auto buying journey: Google-Kantar study

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AI redefines India’s auto buying journey: Google-Kantar study

AI takes the driver’s seat, showroom is no longer the starting point of the buying journey. | Photo Credit: The Hindu Artificial intelligence is becoming a powerful co-pilot in India’s automobile purchase journey, transforming the way consumers discover, compare and select vehicles. A Google-commissioned Kantar study reveals that 93% of car shoppers are using AI-enabled…

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Business

Sensex tanks 1,248 points, Nifty settles below 23,100 on spike in crude oil

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Sensex tanks 1,248 points, Nifty settles below 23,100 on spike in crude oil

Benchmark indices fell sharply on Thursday (September 24, 2026), with the Sensex tumbling 1,247.71 points and the Nifty declining to 23,063, following a spike in crude oil prices and selling in blue-chip Reliance Industries and bank stocks. Weak global trends also dampened investor sentiment. The 30-share BSE Sensex tanked 1,247.71 points, or 1.67%, to settle…

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Business

Rupee plunges 23 paise to 95.96 against U.S. dollar amid spike in crude oil

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Rupee plunges 23 paise to 95.96 against U.S. dollar amid spike in crude oil

This image is used for representational purpose only. | Photo Credit: Getty Images/iStockphoto The rupee weakened by 23 paise to settle at 95.96 (provisional) against the U.S. dollar on Thursday (September 24, 2026), dragged by a surge in crude oil prices and a strong greenback amid geopolitical uncertainties. According to forex traders, the domestic currency…

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Business

Complete important transactions before bank strike begins on Sept. 28: SBI tells customers

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Complete important transactions before bank strike begins on Sept. 28: SBI tells customers

File photo for representational purposes only. | Photo Credit: ANI State Bank of India on Thursday (September 24, 2026) issued an advisory, urging its customers to complete all important transactions before the three-day nationwide bank strike from September 28. The customer advisory was issued in view of the proposed nationwide bank strike by the United…

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Business

NSE enters top-10 most valued firms’ club; shares jump over 5%

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NSE enters top-10 most valued firms’ club; shares jump over 5%

NSE commanded a market valuation of ₹4,54,966.88 crore. File Shares of National Stock Exchange of India Ltd. (NSE) jumped over 5% during intraday trade on Thursday (September 24, 2026) after a muted debut and entered the elite club of top-10 most valued firms by market valuation. The exchange started trading at ₹1,800, marginally up by…

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Business

Sensex tanks over 600 points in early trade; crude oil trades above $100 per barrel

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Sensex tanks over 600 points in early trade; crude oil trades above 0 per barrel

The sharp spike in Brent crude above $102 and the U.S. 10-year bond yield rising to 5.11% will weigh on the market today. File | Photo Credit: GettyImages/iStockphoto Benchmark indices Sensex and Nifty tumbled in early trade on Thursday (September 24, 2026) as crude oil prices surged above the $100 per barrel mark. Selling in…

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