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Market move● Neutral for Welspun Corp
Welspun Corp hits record high, PB Fintech rebounds; Ola Electric, Meesho fall on Nifty500 market open
- Ola Electric, Aegis Logistics shares in focus ahead of fundraising meetings
- Ola shares snap 4-day rally, crash 9% ahead of board meet to raise funds
- Ola Electric shares fall 9% ahead of board meeting on proposed fundraise
IRDAI's proposed insurance distribution reforms
IRDAI proposed phased cuts to insurers’ expense limits, commission caps and a ban on compulsory insurance bundling with loans. The proposals prompted debate over premiums, mis-selling and distributor payouts, while reports highlighted possible earnings risks for PB Fintech.
Friday, 25 September
- Welspun Corp hits record high, PB Fintech rebounds; Ola Electric, Meesho fall on Nifty500 market open