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ImportantCredit, payments & interestTextile policy & schemesFOSTTA, SGCCI & industry bodies14 h ago

IRDAI extends feedback deadline for insurance distribution reforms

IRDAI has extended the deadline for feedback on proposed insurance distribution reforms to October 31 after receiving over 650 comments. The reforms aim to cap commissions and lower expense limits but face opposition from brokers.

Read at Inc42 — Startup and funding news

Summary by TT-Media from “[Update] IRDAI Extends Feedback Deadline For Insurance Distribution Reforms To Oct 31” (Inc42 — Startup and funding news, Trade press). For the full text, official notices and exact figures, read the original.

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Inc42 — Startup and funding newsTrade press3 h ago
Credit, payments & interestExports, imports & dutiesImportant

E-commerce festive season squeezes seller margins with higher fees, penalties

Amazon and Flipkart have revised cancellation penalties and logistics fees ahead of the festive season, impacting seller margins. Flipkart charges flat fees for delays and cancellations, while Amazon links penalties to order value. Rising logistics costs add to the burden.

Why it matters

Textile and apparel sellers on e-commerce platforms should factor in higher cancellation fees and logistics costs when planning festive season inventory and pricing.

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Inc42 — Startup and funding newsTrade press3 h ago
Credit, payments & interestDeals, funding & partnershipsImportant

SoftBank sells 1.2% stake in Ola Electric amid rights issue

SoftBank has sold 1.2% of its stake in Ola Electric, reducing its holding to 11.7%. It also sold 25.9% of its rights entitlements in Ola Electric’s ₹1,000 crore rights issue.

Why it matters

Watch Ola Electric’s financial health; textile MSMEs should monitor EV sector trends for supply chain opportunities.

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Inc42 — Startup and funding newsTrade press14 h ago
Credit, payments & interestTech & digital trade

IndiaMART Q2 FY27 profit rises 10% YoY to ₹91 Cr, revenue grows 10%

IndiaMART reported a 9.8% YoY increase in net profit to ₹90.7 Cr for Q2 FY27, with revenue up 10% to ₹428.6 Cr. EBITDA margin improved by 300 bps to 40%, despite a sequential profit decline. Paying suppliers grew to 2.2 Lakh.

Why it matters

Textile MSMEs using IndiaMART should track platform trust and AI tools for better engagement and supplier monetisation.

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