Economy
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European markets hover near flatline as oil prices rise, bond yields remain elevated
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PB Fintech loses Rs 22,700 cr from market value as stock crashes 26% after IRDAI’s reform plans. What Citi and Jefferies are warning
PB Fintech shares plunged 26%, wiping out nearly Rs 22,703 crore from its market capitalisation after IRDAI proposed changes to insurance commission structures. Jefferies flagged risks to distributor earnings, while Citi warned of a potential sharp compression in distribution economics across several high-margin insurance categories.
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Sebi board meeting: PMS rules overhaul, FPI commodity trades among key decisions to watch out
Sebi’s upcoming board meeting aims to discuss significant changes to portfolio management services and settlement regulations. Proposed revisions could allow discretionary portfolio managers to make new types of investments, including overseas assets. The meeting is expected to review widening the accredited investor framework to increase market participation. Another key focus is enhancing foreign portfolio investor…
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Decisive Dividend appoints subsidiary President Mark Burleigh as COO, reaffirms muted tariff impact
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Goldman Sachs initiates MeiraGTx stock coverage with neutral rating
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Goldman Sachs initiates United Therapeutics stock with sell rating
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European shares dip on Middle East tensions ahead of US-China talks
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Quantum Data Energy shares resume trading on London exchange
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JPMorgan downgrades Alkami stock to Underweight on valuation