Market News
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SBI pitches for review of affordable home definition, cites jump in average loan size
Chairman C S Setty said that the bank, which has the highest market share in the highly competitive affordable housing segment, has seen the average loan size increase to Rs 51 lakh now, compared to around Rs 35-40 lakh two years ago.
Star Health to launch affordable health insurance plans targeting tier 2, 3 markets
As healthcare expenses soar, Star Health is bracing for premium increases in the next fiscal year. In a proactive move, the insurer is rolling out a series of affordable health insurance options tailored for smaller urban areas. These plans will incorporate a curated list of hospitals to not only streamline costs but also enhance accessibility for policyholders in these communities.
Aadhar Housing targets 20% growth in FY27, eyes ₹50,000 crore AUM in three years
The Blackstone-backed lender said West Asia tensions have no material impact on loan book as it sees steady demand from affordable housing and state-backed projects.
Harley-Davidson bets on affordable models, dealer network in latest turnaround effort
Harley-Davidson is launching a new plan called 'Back to the Bricks'. This strategy focuses on making more affordable motorcycles and strengthening its dealer network. The company aims for significant profit growth and cost reductions by 2027. New models like the Sprint and revived Sportster are planned. This move comes as economic pressures affect consumer spending on big-ticket items.
Star Health aims Gross Written Premium of Rs 24,000 crore in FY27: MD
Star Health aims for Rs 24,000 crore in Gross Written Premium this fiscal, up from Rs 20,400 crore last year, with plans to launch two affordable products for smaller towns. The company, targeting Rs 30,000 crore by FY28, saw significant claim settlements in Andhra Pradesh and Telangana, boosting regional GWP and policy numbers.
India supplies 20% of global generic medicines; its IP rules WTO-compliant: GTRI
India is a major global supplier of affordable generic medicines. The United States continues to pressure India regarding intellectual property protection for pharmaceuticals. India maintains its intellectual property regime is compliant with international trade rules. This ongoing issue reflects long-standing differences between the two nations. India's stance aims to protect its generics industry and ensure access to affordable healthcare worldwide.
Reliance Retail buys Priyanka Chopra Jonas’ Anomaly in beauty expansion push
Reliance Retail has acquired Priyanka Chopra Jonas's global haircare brand Anomaly. This move expands Reliance Retail's beauty and personal care offerings. Anomaly is known for its clean, vegan, and affordable products. Reliance Retail plans to scale the brand in India and internationally. Priyanka Chopra Jonas will continue as Creative Director. This acquisition strengthens Reliance Retail's position in the beauty market.
Tesla Model Y L Launched in India: Check Price, specifications, features and colour options
The Tesla Model Y L has been launched in India with an extended wheelbase, premium features, advanced tech, and fast charging, positioned between Tesla’s high-end and more affordable offerings.
IMGC, Bajaj Housing team up to make home loans easier for first-time buyers
IMGC partners with Bajaj Housing Finance to expand affordable home loans for underserved buyers in India, using mortgage guarantees, Bajaj Housing shares close up 1.85%.
PNB Housing Finance share surge 11% after margins expand, asset quality improves in strong Q4
Affordable and emerging markets remained key growth drivers and together they contributed a meaningful share of both the retail portfolio and retail disbursements. This is the best single-day gain for shares of PNB Housing Finance in two years.
Mahindra eyes South Africa expansion as China rivals gain ground
Mahindra & Mahindra is reportedly in advanced talks to upgrade its South African plant, potentially introducing completely knocked-down (CKD) production. This move aims to capitalize on rising demand for affordable vehicles and sidestep potential import tariffs, enhancing local manufacturing capabilities and competition in the South African market.
Paid music streaming hits the right note as free users fade
India's music streaming sector is seeing strong growth. Paid subscribers have increased significantly and are expected to rise further. Affordable plans, telecom bundles, and better payment systems are boosting numbers. Streamers are also focusing on regional content and superior audio quality. Live events are seen as a future differentiator.