Ajay Seth has taken over as chairman of the IRDAI, filling a five-month vacancy. His appointment comes as the insurance sector faces challenges like slowing growth, health insurance disputes, and mis-selling concerns. Seth’s extensive experience in economic policy and regulatory reforms will be crucial as he addresses these issues and oversees upcoming reforms, including amendments to the Insurance Act.
Dalal Street Week Ahead: Nifty seen consolidating further before next directional move
The Nifty experienced a mild corrective movement, trading in a downward-biased consolidation phase and ending the week with a slight loss. Despite a supportive Fed