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Credit cards lose ground as small-ticket personal loans gain traction: CIBIL
Credit cards now hold 38% of unsecured credit, down from 56% in 2016. Small personal loans under fifty thousand rupees have gained significant market share. Card balances remain stable at fifteen to sixteen percent of total consumption credit. Delinquency data shows risk spilling across various credit products. Occasional card users exhibit low delinquency rates across their credit portfolios.
JSW Energy adds 1,081 MW renewable capacity since April, total installed capacity at 14,535 MW
Shares of JSW Energy Ltd ended at ₹536.95, down by ₹6.85, or 1.26%, on the BSE.
Alliance Insurance Brokers helps settle Rs 1,100-crore health insurance claims in FY26
Alliance Insurance Brokers settled over 1.5 lakh group health claims in FY26. The company disbursed a total of Rs 1,100 crore for these claims. Ninety-six percent of claims were settled within ten working days. Their employee benefits products now cover 5.8 million lives. Managed premiums reached Rs 1,600 crore during the year.
NTPC Group commissions 50.4 MW capacity of Vanki Wind Energy Project
With this, the total installed capacity of NTPC group stands at 90,954 MW and commercial capacity at 89,874 MW.
Government notifies Navi Mumbai Airport as a Port for Import of drugs under Drug Rules
The Ministry of Health has enabled drug imports through Navi Mumbai Airport. This amendment strengthens the pharmaceutical supply chain and trade facilitation. Navi Mumbai Airport now joins other designated ports for drug importation. The total number of entry points for drugs has increased to forty-two. This initiative promotes ease of doing business and regulatory oversight.
Private life insurers outpace LIC as industry new business premium rises 16.6% in Q1
Life insurers saw a 16.6% rise in new business premium during the first quarter. Private sector players grew faster than LIC, driven by regular premium products. Total new business premium collected reached Rs 1.09 lakh crore in the period. Insurers are preparing for upcoming regulatory changes and improving demand. Private companies gained market share while LIC retained its dominant position.
India's mutual fund industry just beat FIIs in a historic first. Here's what changed
India's mutual fund industry has overtaken foreign institutional investors in total assets under custody for the first time, marking a historic shift in market ownership. Strong SIP inflows and sustained domestic participation have driven the milestone, even as FII holdings declined amid continued selling and changing global investment trends.
Marksans Pharma inks deal to acquire ABCnow GmbH
For a total consideration of 892,384
Navi Mumbai Airport notified as port for import of drugs under Drugs Rules
Navi Mumbai Airport has been designated as a port for drug imports, a decision that boosts the pharmaceutical supply chain and simplifies trade activities. Following the amendment to Drugs Rules, 1945, the total number of notified ports has increased to 42. This initiative is aimed at facilitating efficient movement of pharmaceutical goods and enhancing regulatory oversight, showcasing the government's dedication to improving trade dynamics.
Inox India shares jump 5% after bagging orders worth ₹939 crore since May
The orders span the Industrial Gas, LNG and Cryo-scientific Solutions businesses. Of the total order value, ₹871 crore came from the Industrial Gas segment, ₹44 crore from LNG, ₹16 crore from Cryo-scientific Solutions and ₹8 crore from beverage keg orders.
Two Millennium Trading Pods Made About $3.7 Billion Last Month
Pods run by Glen Scheinberg and Pratik Madhvani made about $3.7 billion in total last month, according to people with knowledge of the matter.
Bayer Crop shares jump 4% after equity worth ₹2,207 crore change hands in block deal
Bayer Crop Shares changed hands at an average price of ₹4,122 apiece, taking the total transaction value to ₹2,207 crore.