Business & Markets: India — Today

36% — the one-day crash in PB Fintech shares, the largest single-day drop for India’s leading insurance aggregator, after IRDAI proposed commission caps that could slash distributor revenues by up to 30%.

Money Moves

• PB Fintech (POLICYBAZAAR) — shares crashed 36% to ₹1,210, wiping out ₹25,000 crore in market value, as brokerages slashed price targets by up to 45%.
• Turtlemint — hit 20% lower circuit twice, tumbling 35%...