“We have been witnessing record activity among brokers and other distribution intermediaries,” said Satyajit Tripathy, member (distribution), IRDAI, at an Insurance Brokers Association of India event. “While this is fine by all means, I must add a word of caution that with increased growth being seen, we need not be adopting what we call as sharp practices to increase valuation, get listed, and to do business in a way, which may in the long run prove detrimental to the whole ecosystem.”
US stocks: US market ends lower as tech stocks weigh on sentiment
Wall Street ended lower on Friday, with AI chip stocks experiencing a significant downturn while Moderna and other healthcare companies surged. Investors are weighing the