SBI sees loan demand from cos expand in H2

Mumbai: State Bank of India expects corporate credit growth to accelerate in the coming quarters, supported by a Rs 7 lakh crore pipeline of loans. Chairman CS Setty said the bank anticipates at least 10% growth in corporate lending over the next two quarters, even as corporates continue to make large pre-payments.Setty said repayments in…

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Shutdown fallout: FAA slashes air traffic by 10% across 40 US hubs; safety risk prompts drastic step

The Federal Aviation Administration (FAA) will reduce air traffic by 10% across 40 of America’s busiest markets from Friday, an unprecedented move to ensure flight safety as the ongoing government shutdown strains air traffic controllers. The announcement, made Wednesday, could affect thousands of flights daily, as the FAA manages more than 44,000 aircraft movements each…

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Market watch: Asian stocks rebound as Wall Street rally lifts sentiment; oil prices steady after recent slump

File photo (Picture credit: AP) Asian shares gained on Thursday, recovering some of the previous session’s sharp losses as investor sentiment improved following upbeat US jobs data and a rebound on Wall Street. According to news agency AFP, the rally came after figures from payrolls firm ADP showed that US private sector employment jumped more…

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Microfin sector shrinks even as loan tickets rise

MUMBAI: The microfinance industry continued to shrink in the second quarter of FY26 even as asset quality improved. As of Sept 2025, the gross loan portfolio stood at Rs 34.56 lakh crore, a decline of 3.8% quarter-on-quarter and 16.5% year-on-year. The moderation reflected the sector’s ongoing shift to risk-based lending and tighter portfolio controls following…

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Say cheers! India tops alcohol growth in H1

SALT LAKE CITY India has recorded the highest growth in total beverage alcohol (TBA) consumption among 20 global markets for the third consecutive first half-year period, according to data shared exclusively with TOI. As per global alcohol-focused industry research firm IWSR, TBA volume in India grew 7% year-on-year during the January-June period to over 440…

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