Business
GST cut drives MSME loan demand – The Times of India
CHENNAI/MUMBAI: The GST rate cut is driving MSMEs to seek additional funding from banks for expansion. After the GST rejig, banks have seen a spike in enquiries for advances from the MSMEs. It comes amid lenders having moved closer to their annual targets for the MSME segment in the first half of the current fiscal. For instance, state-owned Indian Overseas Bank has recorded its MSME portfolio touching Rs 48,000 crore as of Sept 30, 2025, out of the total target of Rs 51,000 crore for the full financial year, a 16.7% increase YoY.
Indian Overseas Bank’s MD & CEO Ajay Kumar Srivastava said govt has taken several initiatives to accelerate MSME growth, such as their classification and turnover. Noting that the bank is likely to reach Rs 55,000 crore in its MSME portfolio this fiscal, he said, GST will be one of the major factors. “We are focusing on the manufacturing (in the MSME) sector,” he added.To target the high-growth MSME segment, the country’s largest lender SBI has launched digital MSME loans. These loans offer MSMEs end-to-end sanctions in 45 minutes. The bank has processed nearly 2.3 lakh such accounts with credit limits of Rs 74,434 crore up to Aug 2025. Indian Bank MD & CEO Binod Kumar said, there has been good traction from the MSMEs, with the YoY growth tripled from 5-6% to around 17% (FY25 vs FY26). “We are seeing demand mainly from the services sector, including hospitality. It is for their expansion plans or setting up new hotels both during pre- and post-GST 2.0. Major demand is also coming from the ancillary units. We will exceed our target for MSMEs this year,” he said. PNB has launched a slew of products, including comprehensive financing up to Rs 100 crore, digital MSME loans enable paperless lending up to Rs 25 lakh. The bank has also introduced a fully digital MSME loan of up to Rs 5 crore backed by CGTMSE guarantee and concessional rates.Bankers said that another reason for the thrust on MSME loans is that the new regulations on expected credit loss make it less capital intensive for banks to lend to MSMEs.
Business
Govt keeps petrol, diesel prices unchanged for coming fortnight – SUCH TV
The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
Business
Serial rail fare evader faces jail over 112 unpaid tickets
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
Business
JSW Likely To Launch Jetour T2 SUV In India This Year: Reports
JSW Jetour T2 Launch: JSW Motors Limited, the passenger vehicle arm of the JSW Group, is reportedly preparing to enter the Indian car market this year. It has partnered with Jetour, a China-based automotive brand owned by Chery Automobile, and the Jetour T2 SUV could be the company’s first product, according to the reports.
Media reports suggest that the launch will happen independently and not under the JSW MG Motor India joint venture. The SUV will wear a JSW badge and name, instead of the Jetour branding. The upcoming SUV will be assembled at JSW’s upcoming greenfield manufacturing facility in Chhatrapati Sambhaji Nagar, Maharashtra.
According to the reports, the company plans to have the vehicle on sale by the third quarter of this year. With this move, JSW aims to establish itself as a standalone carmaker in India.
Expected Powertrain
The SUV is likely to arrive with a 1.5-litre plug-in hybrid setup. Internationally, this hybrid powertrain is offered with both front-wheel drive and all-wheel drive options. It is still unclear which version will be introduced in India.
Design
In terms of design, the T2 is a large and rugged-looking SUV. It has a boxy and upright stance, similar to vehicles like the Land Rover Defender. Despite its tough appearance, it uses a monocoque chassis instead of a ladder-frame construction.
Size
The SUV measures around 4.7 metres in length and nearly 2 metres in width. This makes it larger than the Tata Safari, even though it is a five-seater. A longer 7-seat version is also sold in some markets.
Price
Pricing details for India are yet to be announced. For reference, the front-wheel-drive five-seat T2 i-DM is priced at AED 1,44,000 (around Rs 35 lakh) in the UAE.
Jetour
Jetour is a brand owned by Chinese automaker Chery. Launched in 2018, it focuses mainly on SUVs and is present in markets across China, the Middle East, Africa, Southeast Asia and Latin America.
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