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<ul><li>Growth in home loan originations remained stagnant in Q2 FY24 due to fall in under ₹35 lakh category.</li><li>Auto loans, credit card loans and consumer durable loans grew in single digits for the quarter.</li><li>Delinquencies improved in all loan segments with the exception of personal loans and credit card loans. </li></ul>India’s retail loan growth moderated in the second quarter of FY24, especially in consumption-led segments like credit cards, consumer durables, and personal loans. A report by <keyword id="20478706" type="General" weightage="20" keywordseo="transunion-cibil-credit-market-indicator" source="keywords">TransUnion CIBIL Credit Market Indicator</keyword> says that it’s because financial institutions tightened the supply of credit. Growth in home loan originations remained stagnant on a year on year basis overall. The reason being a 4% fall in the origination of loans under ₹35 lakh in Q4 of FY24. Those between ₹35-75 lakh grew by 8%, even as those over ₹75 lakh grew at a healthy rate of 23%. Auto loans, credit card loans and consumer durable loans grew in single digits for the quarter. Loans for two-wheelers, loans against property and personal loans kept up with double digit growth, but much lower as compared to the same quarter last year. “The latest CMI indicates continued stability in the Indian consumer credit market, as credit institutions aligned and responded effectively to the market trends over the last year. This stability now provides a strong bedrock for driving balanced and sustained credit growth across products,” said <keyword id="20020737" type="General" weightage="20" keywordseo="rajesh-kumar" source="keywords">Rajesh Kumar</keyword>, MD and CEO of <keyword id="20348147" type="General" weightage="20" keywordseo="transunion-cibil" source="keywords">TransUnion CIBIL</keyword>. Growth in loan originations (YoY) <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Loan type </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2FY24 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2 FY23 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Home Loan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Loans against property </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Auto Loan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Two-Wheeler Loan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Personal Loan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">28% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">72% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Credit Card </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">74% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Consumer Durable Loan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">39% </td></tr></tbody></table>Source: TransUnion CIBIL Fewer ‘new’ credit consumers The share of new-to-credit (<keyword id="20132670" type="General" weightage="20" keywordseo="ntc" source="keywords">NTC</keyword>) consumers in originations dropped to 14% in Q2FY24 as compared to 17% in the same quarter last year. The share of younger consumers in origination volume also went down by 1%, even as that of semi-urban and rural consumers went up 2%. “India’s evolving demography includes youth, women and consumers in the semi-urban and rural geographies who typically make up a larger share of first-time credit seekers. The decline in origination volumes for new-to-credit consumers is detrimental to the development of these consumer segments,” the report says. The delinquencies improved in almost all loan segments with the exception of personal loans and credit card loans where balance-level delinquencies went up by 10 basis points and 23 basis points respectively. “Lenders must continue to focus on strong underwriting practices and regular and nuanced monitoring of consumer behaviour to drive sustained credit growth and profitability,” said Kumar.

Consumption loans take a breather in July-September 2023 period, even as delinquencies rise

<ul><li>Listed cigarette players have been gaining due to increase in sales, and enforcement agencies cracking down on illicit trade. </li><li>ITC stock has been gaining, thanks to double-digit volume growth and market share gains in its cigarette business. </li><li>Godfrey Phillips, VST Industries and Kothari Products have also delivered positive returns in the last one year. </li><li><keyword id="382997" type="General" weightage="20" keywordseo="alcohol-stocks" source="Orion">Alcohol stocks</keyword> like Radico Khaitan and United Spirits have also gained as events and weddings are expected to aid a spike in consumption. </li></ul>It’s a good time to be in the business of alcohol and cigarettes. Most stocks in these businesses have given positive returns to investors — a few of them by over 50% in the last one year – and the outlook for these industries is bright too, according to analysts. The best performer of the pack remains ITC. And while it’s a conglomerate with interests across fast-moving consumer goods (FMCG), hotels and more — its legacy business of cigarettes remains its mainstay. A market leader in cigarettes and its brands like Wills Navy Cut, Gold Flake and more contribute to 39% of sales, and 76% of EBIT or earnings before interest and taxes. This business is expected to remain the cash cow for the company going ahead as well – as its new launches in the premium category gain traction amid robust demand. Added to that, action from enforcement agencies by cracking down on smuggled foreign brands continues to enable volume recovery which in turn boosts the company’s revenue. In the fourth quarter, cigarette revenues grew 13.7%, year-on-year. “The cigarettes business continues to deliver double-digit volume growth and market share gains in the absence of competition from illicit trade, even as the recent tax hike is unlikely to dent sales,” said a research report by Bobcaps. It’s not just ITC that’s gaining from the robust demand for cigarettes. Godfrey Phillips – which sells Four Square and Marlboro brands – also gave stellar returns in the last one year. The company’s board has also increased the dividend to ₹44 per share in FY23 from ₹28 paid last year, giving a fillip to the shares. Other stocks in the sector – be it Hyderabad-based VST Industries that distributes cigarettes and tobacco products or even Kothari Products that sells Pan Parag and Pan Masala – have provided positive gains over a one-year period, with the exception of NTC Industries of Kolkata. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stock </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1-year returns </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ITC </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">67% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Godfrey Phillips </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">46% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">VST Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.7% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kothari Products </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16.3% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NTC Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-17% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sula Vineyards </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">38.6% (since listing)* </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">United Spirits </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.3% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Radico Khaitan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">51% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">United Breweries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.4% </td></tr></tbody><tbody></tbody><tbody></tbody></table>Source: BSE Sula Vineyards listed on the bourses in December 2022 Booze stocks on a high Stocks of <keyword id="742786" type="General" weightage="20" keywordseo="alcohol-companies" source="Orion">alcohol companies</keyword> have also been picking up pace in the last one year. Although United Breweries gave paltry returns — the rest have risen between 15-51%, including the recently listed Sula Vineyards, whose stock has run up 38.6% since its debut on the bourses. The sector is all set for good growth, according to analysts. The Indian whisky market, valued at $14.9 billion in FY20, is projected to touch $22.4 billion by FY25 on the back of demographic trends, new customers and premiumisation, said a research report by Nuvama. “The market is set to drive value growth with strong premiumisation trends leading to up-trading within the category as well as an increasing preference for high-value products across price segments,” the research report said. “Events and marriages are back to pre-Covid levels and shall drive a spike in alcohol consumption. This could negate the urban slowdown,” the report said. However, three of the listed players — Radico Khaitan, United Breweries and United Spirits have been stressed by margin worries because of high input costs. Apart from steady growth in demand, stocks in the sin category are also gaining from a clutch of other favourable market factors, which bodes well for these businesses. “Liquor industry finally saw some green shoots in margins after tepid three quarters. We expect long-term growth momentum to sustain even as near-term stress on margins persists. The worst is likely behind,” said Nuvama. <div type="javascript" title="Custom" contenttype="Text"><cdata><![CDATA[]]></cdata></div>

Brewing gains: Alcohol as well as cigarette stocks on a high

Benchmark index <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> was down more than 500 points while <keyword id="583923" type="General" weightage="20" keywordseo="energy-stocks" source="Orion">energy stocks</keyword> picked up. <keyword id="58805" type="General" weightage="20" keywordseo="power-grid-corp" source="Orion">Power Grid Corp</keyword>, <keyword id="45179" type="General" weightage="20" keywordseo="ntpc" source="Orion">NTPC</keyword>, <keyword id="45383" type="General" weightage="20" keywordseo="coal-india" source="Orion">Coal India</keyword>, IOC, BPCL and <keyword id="6354737" type="General" weightage="20" keywordseo="ongc" source="Orion">ONGC</keyword> were up 2%-5%. Several <keyword id="6354298" type="General" weightage="20" keywordseo="stocks" source="Orion">stocks</keyword> rose in excess of 10 per cent on BSE as domestic equity indices -- BSE Sensex, NSE Nifty traded in the red on Tuesday amid selling in bluechip counters. Accordingly, the sticks that's rallied over 10 per cent on BSE included NTC Industries (16.9%), Paramone Concepts (12.90%), Novateor Research (10.66%), Stove Craft (10.61%), Cosco India (10.57%). The 30 share Sensex traded 475 points down at 59,602 points around noon while 50 shares Nifty fell 117 points at 17,737 points. In Nifty 50, about 21 stocks traded in green while 29 traded in red. Stocks such as NTC Industries, Novateor Research, Surana Telecom, Stove Craft touched their 52 week high while Nova Pub, Shanti Educational touched new 52 week low. <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/shares-of-gujarat-state-fertilizers-and-chemicals-surges-over-4-on-reports-of-anti-dumping-duty-approval-on-caprolactam/articleshow/86576235.cms">Gujarat State Fertilizers and Chemicals surges over 4% on reports of anti-dumping duty approval</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/here-is-how-to-check-paras-defence-and-space-technologies-ipo-allotment/articleshow/86559437.cms">Paras Defence and Space Technologies IPO: Here’s how to check allotment status</a>

Sensex down over 500 points; Power Grid Corp, NTPC, Coal India gain up to 5%

<ul><li>Between 2017 and 2022, the number of <keyword id="2501853" type="General" weightage="20" keywordseo="women-borrowers" source="Orion">women borrowers</keyword> grew at 15% CAGR, says CIBIL insights report. </li><li>Between 2017-22, the number of women seeking business loans grew 3x reflecting the growth in women-led startups. </li><li>By the end of 2022, the number of active women borrowers stood at 63 million. </li></ul>Thanks to self-monitoring and more financial discipline, women borrowers have a better credit risk profile than men. As many as 57% women borrowers had a credit score of prime and above compared to 51% of male borrowers in 2022, says a report by TransUnion CIBIL. A prime score refers to <keyword id="147901" type="General" weightage="20" keywordseo="credit-scores" source="Orion">credit scores</keyword> between 731 to 770, according to CIBIL. Between 2017 and 2022, the number of women borrowers grew at a compounded annual growth rate (CAGR) of 15%, while this number is at 11% for men. CIBIL also says that <keyword id="8141316" type="General" weightage="20" keywordseo="credit-access" source="Orion">credit access</keyword> for women has grown from 7% in 2017 to 14% in 2022. By the end of 2022, the number of credit active women borrowers – with an active line of credit — stood at 63 million. “The marked evolution of women borrowers as active participants in India’s <keyword id="1349609" type="General" weightage="20" keywordseo="credit-market" source="Orion">credit market</keyword> bodes well for the government’s <keyword id="107911" type="General" weightage="20" keywordseo="financial-inclusion" source="Orion">financial inclusion</keyword> mandates that intend to improve access to financial opportunities for traditionally underserved segments such as women,” said Harshala Chandorkar, COO of TransUnion CIBIL. The number of women who keep an eye on their credit scores is also growing. In 2022, over 8.2 million women accessed their CIBIL score and report – growing 44% over one year. “The increase in the number of women monitoring their CIBIL Score and report reflects improved financial awareness and credit consciousness. It also demonstrates that women are cognizant that credit discipline matters, and are taking proactive measures to continually improve their credit profile,” says Sujata Ahlawat, senior vice president and head – DTC Interactive, TransUnion CIBIL. After checking their CIBIL Score, 45% of them improved their credit profile. And 28% of them improved their score by over 20 points. What are women borrowing for? As per CIBIL’s annual retail credit insights survey, consumption-led credit products like personal loans and consumer durable loans are gaining popularity among women. “As more women borrowers enter the workforce and become financially independent, they are seeking credit opportunities to fulfil their life goals and aspirations,” the report said. There has also been a spurt in activity among women entrepreneurs seeking business loans. Between 2017-22, the number of women seeking business loans has more than tripled — a reflection of the growth in women-led startups. The share of women in over-all business loan portfolio too increased from 20% in 2017 to 32% in 2022. There has been an increase in the home loan segment too with a 6% growth. TransUnion’s latest study on new-to-credit (NTC) borrowers shows that the highest proportion of women borrowers availed agricultural loans and consumer durable loans as their first credit facility in 2022. The share of women borrowers among first-time credit seekers has increased from 32% in 2017 to 34% in 2022. Beyond the cities The rise in loan-seeking behaviour in women is not an urban phenomenon either. In fact, the growth has been higher in rural and semi-urban locations (18% CAGR), as compared to urban areas (14% CAGR). The overall share of women borrowers in semi-rural and rural locations has risen to 62%, marking an increase of 6% during the period. West Bengal, Rajasthan and Bihar saw the highest growth in women borrowers, as per the report. “Customised products for women borrowers across socio-economic categories, age-groups and geographic locations will further empower them to fulfil their aspirations and economic goals while catalysing steady portfolio growth for credit institutions,” said Chandorkar. As more women participate in the formal credit market, it expands the pie for credit institutions and drives financial inclusion and empowerment. SEE ALSO <a href="https://www.businessinsider.in/finance/news/women-are-shaping-new-real-estate-trends-like-preference-for-bigger-homes-anarock/articleshow/98446173.cms">Women are shaping new real estate trends like preference for bigger homes: Anarock</a>

Armed with better credit scores, female borrowers grow in numbers: CIBIL

<ul><li>Credit demand grew at 1.29 times YoY in the quarter ending September 2022. </li><li>MSME lending continues to be concentrated in the top ten states that have higher industrialization. </li><li><keyword id="6904501" type="General" weightage="20" keywordseo="Delinquency-rates" source="Orion">Delinquency rates</keyword> dropped YoY across private sector banks, public sector banks and NBFCs.</li></ul>With lenders being able to supply timely credit to resilient MSMEs, the sector is on an accelerated growth trajectory according to the TransUnion CIBIL-SIDBI MSME Pulse Report. The report also indicates benchmark credit growth in the micro segment owing to an improvement in lender confidence. The measures on formalization of MSMEs and adoption of digital platforms by lenders has enabled them to access granular data on enterprises and improved their confidence for lending, especially to the microsegment of MSMEs. “The progressive reforms introduced by the government for MSME sector resurgence have borne fruit as reflected in the vigorous business activity and improved credit uptake by enterprises across all the segments,” said Sivasubramanian Ramann, CMD of SIDBI. <cmsannotation type="cmsannotation" annotationid="Rise in credit demand and credit exposure" comment="subhead2" text="Rise in credit demand and credit exposure">Rise in credit demand and credit exposure</cmsannotation> Data from the report shows that credit demand – measured in terms of credit inquiry volumes – is correlated to the improvement in business activity. It grew at 1.29 times year-over-year (YoY) in the quarter ending September 2022, while credit supply remained stable with disbursement growing by 24% YoY. Disbursements to micro, small and medium sized enterprises grew at 54%, 23% and 8% YoY, respectively. Overall, MSME credit exposure stood at ₹22.9 lakh crore as of September 2022, reflecting a YoY growth rate of 10.6%. Bank type wide analysis of credit exposure shows that public sector banks hold ₹7.9 lakh crore, private banks hold ₹10.1 lakh crore, and non-banking financial companies (NBFCs) account for ₹3.1 lakh crore of share. There are about 77 lakh live MSME borrowers – and this number is growing at 11% YoY. Small segment enterprises comprised the highest proportion in the MSME credit book at ₹9.5 lakh crore, while micro and medium enterprises hold ₹5.8 lakh crore and ₹7.6 lakh crore, respectively. <cmsannotation type="cmsannotation" annotationid="Higher industrialization equals higher MSME lending" comment="subhead2" text="Higher industrialization equals higher MSME lending">Higher industrialization equals higher MSME lending</cmsannotation> MSME lending continues to be concentrated in states that have higher industrialization. The top ten states based on current outstanding MSME lending balances are Maharashtra, Gujarat, Tamil Nadu, Uttar Pradesh, Delhi, Karnataka, Rajasthan, West Bengal, Telangana and Haryana. The top ten states constituted 72% of the MSME outstanding balance as of September 2022. Of these ten states, Gujarat and Haryana had the highest growth rate of 15% and 14%, respectively. On the other hand, Rajasthan and Gujarat had the lowest delinquency rate of 1.8% and 1.85% respectively. Says Rajesh Kumar, MD &amp; CEO of TransUnion CIBIL, “The rapid pace of innovations driven by the government, regulator, and the lending ecosystem has significantly fortified the MSME sector to continue its high growth trajectory. These innovations have provided capabilities for triangulating the power of financial, income and trade information so that credit institutions can get a unified view of the business entity, enabling improved risk differentiation for underwriting MSME loans.” <cmsannotation type="cmsannotation" annotationid="Reduction in delinquency rates" comment="subhead2" text="Reduction in delinquency rates">Reduction in delinquency rates</cmsannotation> In this edition of MSME Pulse, a new definition for over 90 Days Past Due (DPD) is being introduced, which excludes legacy accounts with DPD beyond 720 days or reported as loss/doubtful. The overall delinquency rate on MSME portfolio was 3% for September 2022 (FY23-Q2), down from 4.4% during the same period last year (FY22-Q2). This reduction is due to a drop in delinquency rates across micro, small and medium segments. These findings emphasize that improved credit flow to the MSME segment can help stabilize the sector and provide much needed financial support to fortify it further. Delinquency rates have dropped YoY across private sector banks, public sector banks and NBFCs. Private sector banks showed the highest drop in delinquency – from 2.8% in the quarter ending September 2021 to 1.5% during the same period in the year 2022. For PSBs, delinquency rates dropped from 5.3% to 3.9% and for NBFCs from 5.9% to 4.5% during the same period. <cmsannotation type="cmsannotation" annotationid="Growth in the micro segment of MSMEs" comment="subhead2" text="Growth in the micro segment of MSMEs">Growth in the micro segment of MSMEs</cmsannotation> MSME Pulse also studied the growth in the micro segment of MSMEs. Its findings show that disbursements to the micro segment grew by 54% YoY and credit balances grew by 13% YoY as of September 2022. In comparison, disbursement growth of 24% and credit balances growth of 10.6% was observed on the overall MSME portfolio. Very small ie. Micro1 and Micro2 segments showed YoY balance growth (growth that is sustainable in the long term) of 20%, 15% and 11%, respectively. Interestingly, more than 50% of new originations came through new-to-credit (NTC) borrowers in this segment – which emphasizes the importance of alternate data sources for effective underwriting. Even though the micro and small enterprise segments are dominant in the market, less than half of the micro units have access to formal credit, marking a significant opportunity for credit institutions to accelerate MSME lending. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/first-82-days-of-2023-see-more-layoffs-than-the-entire-2022/slidelist/98960848.cms">First 82 days of 2023 see more layoffs than the entire 2022</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/you-will-soon-lose-your-legacy-blue-tick-on-twitter-heres-everything-you-need-to-know/articleshow/98960333.cms">You will soon lose your legacy blue tick on Twitter – here’s everything you need to know</a>

MSMEs on a growth path with rise in credit demand, fall in delinquency rates: CIBIL-SIDBI report

<ul><li>Shares of consumer product company <keyword id="6357073" type="General" weightage="20" keywordseo="itc" source="Orion">ITC</keyword> surprises investors by rallying 7.5% on Thursday.</li><li>ITC gained just 8% in 2021 so far, massively underperforming peers and even the benchmark index Nifty 50, which surged 25% during the period.</li><li>Investors shared their excitement on Twitter with humorous tweets as the stock is typically known for its narrow range stock movement.</li></ul>Excitement of witnessing ITC rally about 8% in a day is real considering the stock has not moved much in 2021 or even in the last 5 years. Shares of the consumer product company have risen 8% in 2021, so far, thanks to the rally in the stock today, September 16. ITC gained just 8% in 2021, so far, massively underperforming peers and even the benchmark index Nifty 50, which surged 25% during the period. The stock is trading at ₹230.75, higher by 6.8% as of 11:52 a.m., on Thursday. Analysts believe the rise in stock can be on expected lines as the stock has not performed since a long time. Meanwhile, there is no new fundamental development happening in the company that could have triggered the stock. The rally in the stock could also be specific to the cigarette industry as most of the tobacco manufacturers were trading 5-9% higher including Godfrey Phillips, VST Industries, NTC Industries, Golden Tobacco and Raghunath Tobacco. “This rally can be attributed to the stock specific trade strategy of the market investors who are putting money in the quality stocks available at discounted price. But the stock hasn't been able to sustain at highs. It has remained range-bound between ₹200 to ₹240 for the last 10 months. Fresh buyers should wait and see whether the stock manages to break its jinx and sustains at new highs," said Avinash Gorakshkar, Head of Research at Profitmart Securities, according to <a href="https://www.livemint.com/market/stock-market-news/itc-share-price-near-52-week-high-should-you-buy-11631768393728.html">Mint</a>. Meanwhile, investors are busy sharing their happiness over share gains on Twitter in humorous ways. <div type="image" title="ITC 2" height="900" width="1200" msid="86255246" hostid="261"></div> <div type="image" title="ITC 4" height="900" width="1200" msid="86255264" hostid="261"></div> <div type="image" title="ITC 5" height="900" width="1200" msid="86255296" hostid="261"></div> Last week, global research firm CLSA had <a href="https://www.moneycontrol.com/news/business/stocks/itc-share-price-rallies-7-this-global-brokerage-sees-double-digit-upside-7472521.html">reportedly </a>maintained a "buy" rating on the stock with a target price of ₹265 per share. The brokerage firm is of the view that the fast moving consumer goods (FMCG) business is firmly on the path for a profitable scale-up. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sansera-engineering-ipo-last-day-for-subscription-grey-market-indicates-10-premium/articleshow/86255105.cms">Last day to bid for auto components maker Sansera Engineering IPO; grey market indicates ₹10 premium</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/airtel-vodafone-idea-and-jio-welcome-telecom-relief-package-but-analysts-are-divided-on-whether-it-is-enough/articleshow/86252002.cms">Airtel, Vodafone Idea and Jio welcome telecom relief package, but analysts are divided on whether it is enough</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/tcs-valued-at-almost-200-billion-closer-to-us-listed-peer-accenture-with-216-billion/articleshow/86251290.cms">TCS valued at almost $200 billion, closer to US-listed peer Accenture with $216 billion</a>

ITC finally starts rallying, but Twitter can't stop trolling it

<keyword id="605544" type="PERSON" weightage="20" keywordseo="Mahmud-Jibril">Mahmud Jibril</keyword>, the former head of the Libyan rebel government that overthrew dictator Muammar Gaddafi in 2011, died on Sunday of the <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword>, his party said. Jibril, 68, died in Cairo where he had been hospitalised for two weeks, said Khaled al-Mrimi, secretary of the <keyword id="9011114" type="COMPANY" weightage="20" keywordseo="alliance-of-national-forces">Alliance of National Forces</keyword> party founded by Jibril in 2012. He had been admitted to the Ganzouri Specialised Hospital in Cairo on March 21 after suffering from cardiac arrest and three days later tested positive for coronavirus, hospital director Hisham Wagdy said. "He started... recovering the day before yesterday but then he began deteriorating again", Wagdy told AFP in Cairo, confirming that Jibril died at 2:00 pm. Jibril headed the rebel <keyword id="641894" type="LOCATION" weightage="20" keywordseo="National-Transitional-Council">National Transitional Council</keyword> (NTC), the interim government during the NATO-backed rebellion that toppled and killed Gaddafi. He had been an economic advisor to the Gaddafi regime in its final years, before joining the revolution in 2011 and briefly serving as premier.Jibril resigned three days after Gaddafi was captured and killed when NTC fighters overran his hometown Sirte on October 20, 2011. In the early days of the Libyan uprising, Jibril made several trips abroad to rally European and US support for the rebels against Gaddafi. In 2012, after the veteran leader was ousted and killed, Jibril stood in the country's first ever democratic elections and his party won the vote but failed to clinch a majority in parliament which chose an independent candidate to become prime minister. Amid the chaos and violence that erupted in the following years, Jibril left Libya to live abroad. Libya, now divided between a UN-recognised government based in Tripoli and a rival administration in the country's east, announced its first death from coronavirus earlier this week. Health authorities said an 85-year-old woman was confirmed to have had COVID-19 on examination after her death, without giving further details.The UN-recognised Government of National Accord which controls the west of the country has officially recorded 10 cases. No cases have been declared in the south and east, which are largely under the control of the rival administration supported by military strongman <keyword id="2245033" type="PERSON" weightage="20" keywordseo="Khalifa-Haftar">Khalifa Haftar</keyword> who has been battling to seize Tripoli. Wagdy, the hospital director in Cairo, said that Jibril was in and out of consciousness during his time in the hospital's intensive care unit, where he had been quarantined since his admission. Mrimi said that Jibril had appeared in stable conditions in recent days "and was even getting ready to leave the hospital" before his condition deteriorated again. SEE ALSO: <a href="https://www.businessinsider.in/international/news/queen-delivers-message-of-resolve-in-special-covid-19-address/articleshow/75000311.cms" data-type="tilCustomLink">Queen delivers message of resolve in special Covid-19 address</a>

Libya's former PM Mahmud Jibril dies of coronavirus in Egypt

<div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div><ul class="summary-list"><li>General Motors on Wednesday <a href="https://www.businessinsider.com/gm-lawsuit-against-fca-analysis-uaw-what-does-it-mean-2019-11">filed a damning lawsuit against its rival Fiat-Chrysler</a> accusing the automaker of bribing union officials for a better labor contract to help it get a leg up on competition.&#xa0;</li><li>The same day, <a href="https://www.businessinsider.com/category/uaw">United Auto Workers</a> president Greg Jones resigned as union leadership voted to expel him.&#xa0;</li><li>Wall Street analysts estimate that damages, which weren't specified by GM, could total up to $15 billion.&#xa0;</li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories.&#xa0;</a></li></ul>The <a href="https://markets.businessinsider.com/news/stocks/uaw-president-takes-leave-of-absence-as-corruption-probe-continues-2019-11-1028653072">alleged corruption that eventually led to the resignation of a high-ranking union official</a> was on full display in a lawsuit filed by General Motors against its rival Fiat-Chrysler on Thursday.In a bombshell 95-page complaint, GM accused executives of its crosstown Italian rival of bribing United Auto Workers officials in order to undercut competition and violating federal labor law in the process."As part of this bribery scheme, and to lock in the competitive efficacy of the purchased benefits, concessions, and advantages for FCA, GM was denied similar union commitments and support," the racketeering suit, filed in Detroit federal court, says.Since 2009, GM alleges that FCA, in cahoots with its now-deceased former chief executive Sergio Marchionne and UAW executives spent millions on bribes that included a Venetian wedding, luxury watches, resort outings, and more, all of which went underreported (if reported at all). In some cases, GM alleges, fake businesses, charities, and even a fake hospice were used as fronts to move the money."For example," GM writes, "in February 2010, Marchionne, acting in the interest and as an agent of FCA Group, gave [former UAW official General] Holiefield a custom-made Terra Cielo Mare watch worth several thousand dollars in direct violation of the Taft-Hartley Act."From there, things got even more complex."As the bribery scheme grew in complexity and depth," the complaint says, union executives "Holiefield and Morgan, with FCA Group's knowledge, used false front businesses, including Monica Morgan Photography, Wilson's Diversified Products, and even a fictitious hospice organization, in an attempt to launder funds from the NTC and LTLOF."(NTC in the above quote refers to a joint training center financed by FCA and the UAW. LTLOF is the "Leave the Light on Foundation," a nonprofit controlled by UAW official Holiefield.)Marchionne personally approved FCA's financing of the now-deceased Holiefield's wedding in Venice in 2015, GM alleges in the suit. That same year, the automaker claims, the union used FCA funds for lavish golf-and-steak outings in Palm Springs and a villa rental nearby.From the suit:<ul><li>$7,569.55 on January 9, 2015 at LG's Prime Steakhouse,</li><li>$1,267.79 at Indian Canyons Golf Resort,</li><li>$4,587.04 on January 18, 2015 at LG's Prime Steakhouse,</li><li>$3,372.74 on January 23, 2015 at Spencer's Restaurant,</li><li>$6,200.05 on January 24, 2015 at Palm Springs Steak &amp; Chop Restaurant, and</li><li>$4,147.74 on January 28, 2015 at Melvyn's Restaurant.</li></ul>All of these alleged bribes helped FCA net a better deal with the union in 2015, saving the once-bankrupt automaker plenty of cash. As part of that agreement, the union lifted a cap on "tier two" workers, allowing FCA to hire more of the cheaper, less-skilled workers, and gain a leg up on the competition, the lawsuit claims.Because of those alleged disadvantages, GM is demanding a jury trial and relief for "substantial damages," though the company did not specify an amount beyond "billions."That pluralized word could be key.Fresh off the heels of a 40-day strike that ate into third-quarter earnings and is expected to take an even bigger chunk out of this quarter's financials, GM will likely be looking to recoup as much as possible."There is reason to believe this amount is at least $6 billion and - under one scenario we would regard as extreme high-end - could potentially be $15 billion," Ryan Brinkman, an analyst at JPMorgan, told clients in a note Thursday.Based on the math of a $4 per hour disadvantage for every worker, JPMorgan estimates that GM was spending about $416 million per year more than FCA. Payback for those could be huge for the company and shareholders, even if the spat ends in a settlement instead of a jury trial."We believe investors may not have fully considered its potentially materially positive ramifications [of the suit]," JPMorgan said.In response to the lawsuit, Fiat Chrysler said it was "astonished.""We can only assume this was intended to disrupt our proposed merger with PSA as well as our ongoing negotiations with the UAW," <a href="https://www.fcagroup.com/en-US/media_center/fca_press_release/FiatDocuments/2019/november/FCA_General_Motors_Lawsuit_Without_Merit.pdf">the automaker said</a>. "We intend to vigorously defend against this meritless lawsuit and pursue all legal remedies in response to it."'The union, for its part, appears to have admitted to some of the wrongdoing alluded to by GM.On Thursday, not long after the suit had been filed, current UAW president Gary Jones resigned. Simultaneously, the executive board voted to remove him from the board, calling it a "somber day.""We are committed at the UAW to take all necessary steps including continuing to implement ethics reforms and greater financial controls to prevent these type of charges from ever happening again," acting president Rory Gamble <a href="https://uaw.org/uaw-executive-board-files-article-30-charges-gary-jones-vance-pearson/">said</a>.<h2>Read the full lawsuit below:</h2><div><p style=" margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;"> &#xa0; <a title="View General Motors' FCA lawsuit on Scribd" href="https://www.scribd.com/document/436200453/General-Motors-FCA-lawsuit#from_embed" style="text-decoration: underline;">General Motors' FCA lawsuit</a> by <a title="View Insider Inc.'s profile on Scribd" href="https://www.scribd.com/user/460427084/Insider-Inc#from_embed" style="text-decoration: underline;">Insider Inc.</a> on Scribd</div>

A Venetian wedding, luxury watches, and $7,000 steak dinners: How Fiat Chrysler seduced union officials in what General Motors says was years of bribery and corruption

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Photographs by PlatonVincent Butto plays a soldier who has suffered a severe injury at the NTC. Butto, a civilian with no military experience, is one of the real-life double amputees playing a victim of an IED. Fort Irwin, 2008.</div></div></div>Although the US officially completed its withdrawal of troops from Iraq by December 2011, the years of war and deployment to the country left a significant and lasting effect on both the US military and Iraqi society. The effect of the US' role in Iraq has been captured beautifully by photographer Platon. In the exhibit SERVICE, <a href="http://www.themilkgallery.com/exhibition/52">currently on display</a> and open to the public from June 22 to July 24 at Milk Gallery in New York, Platon shows how anyone, regardless of background, can serve and be of service. Additionally, SERVICE shows how the long lasting effects of war can affect all who serve. Mazdack Rassi, the co-founder and creative director of Milk, noted that "Platon's captivating photography documents men, women and children as they have served this country.""Illustrating the notion that any American, no matter their ethnic background, sexual orientation, gender or skin color, can offer service, Platon's work tells stories of courage, loyalty and sacrifice," Rassi said.Below are some of the most striking examples of Platon's work on display.

These searing pictures capture the tragic consequences of the war in Iraq

<div class="image-container float_right"><div class="image">REUTERS/Eric GaillardA shop owner, who gave his name as Yohan, uses an electronic cigarette near a poster which reads "electronic cigarette, free trial" in his shop in Nice June 7, 2013. France intends to ban electronic cigarette smoking in public places by imposing the same curbs enforced since 2007 to combat tobacco smoking. </div></div>E-cigarettes is officially a $1 billion per year business.
This is according to Wells Fargo data cited by V-2 Cigarettes, a major online electronic cigarette retailer.
Sales in brick and mortar stores are now at $700 million annualized, while online transactions are expected to tick at least $500 million. 
“When combined with online sales, the industry has now exceeded $1 billion for the first-time ever, with the consumption of e-cigs likely surpassing that of traditional cigarettes in the next decade,” Wells Fargo's Bonnie Herzog said. 
Here's V-2's full release:
Miami, FL – V2 Cigs (<a href="http://www.v2cigs.com/" target="_blank">www.v2cigs.com</a>), the worldwide online leader in electronic cigarettes with over 1 million customers, today announced that, for the first-time, the electronic cigarette category has surpassed $1 billion in annual sales across both traditional and digital retail channels. Wells Fargo Securities also projects total 2013 retail sales to reach a record $1.7 billion by the end of the year—an increase of at least 240 percent, respectively, over the previous year’s estimated $500 million mark.
“Conservative data indicates that traditional electronic cigarette retail sales on an annualized basis is $700M,” said Bonnie Herzog, Managing Director and Senior Beverage and Tobacco Analyst at Wells Fargo Securities. “When combined with online sales, the industry has now exceeded $1 billion for the first-time ever, with the consumption of e-cigs likely surpassing that of traditional cigarettes in the next decade.”
E-cig retail sales through online channels will total an estimated $500 to $625 million in 2013. As America’s largest volume online retailer of electronic cigarettes and the third-largest overall electronic cigarette company in the world, whether on or offline, V2 will own at least 20 percent of the total online market with year-over-year sales doubling in 2013 to well north of nine figures.
 
Established in 2009 as an online-first retail brand, V2 announced a partnership with National Tobacco Company (NTC) in April of this year to distribute their world famous e-cig products to traditional retail outlets across the nation.
With more than one million customers spread evenly across the country, V2 is perfectly positioned to drive online buyers into traditional retail locations. Through the partnership with NTC, V2 products are now sold in over 10,000 outlets nationally, including HESS gas stations, with the company fully deployed in no less than 35,000 retail locations by December 2013.
“Over the past few years, traditional retail brands have been transitioning online—but today we’re seeing a new trend with the most successful online brands moving into retail,” said Andries Verleur, CEO of V2 Cigs. “2013 was already on track to be our best year, in excess of nine figures in net sales, but post-NTC, our long-term growth will be unparalleled. Our strategy demonstrates the competitive power of developing high-demand brands online first and making them available to a wider audience at retail.”
After debuting in traditional retail outlets only several months ago, offline sales already account for more than 20% of V2’s total net sales, with offline retail expected to outpace online sales in 2014.
V2 Cigs is the flagship brand of VMR Products. V2Cigs.com receives over 6 million unique monthly visitors. For more information about V2 Cigs, please visit<a href="http://www.v2cigs.com/" target="_blank">http://www.v2cigs.com</a>.

E-Cigarettes Just Passed The $1 Billion Sales Mark

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><a href="http://www.dvidshub.net/image/1154485/techie-soldier-helps-brigade-break-new-ground#.UyTbP1FdWu8">U.S. Army photo by Staff Sgt Justin Naylor</a>U.S. Army Cpl. Charles Wamsley, a communication specialist with 3-2 Stryker Brigade Combat Team, 7th Infantry Division, works on a computer at the National Training Center, Fort Irwin, Calif., Jan. 20, 2014. While at NTC, Wamsley has spearheaded a program that connects communication equipment that was previously unable to communicate.</div></div></div>Microsoft just scored a tremendous win with the announcement that the United States Department of Defense will be moving all four million of its employees across all of its agencies to the Windows 10 operating system within a year.That 12-month timeline is unusually quick for any large <keyword id="6356323" type="UNKNOWN" weightage="100" keywordseo="Enterprise">enterprise</keyword> - and especially for the United States government, where bringing in new technology can be painful and take years.The Department of Defense was apparently attracted by Windows 10's security features, and so hit the gas pedal, according to an official blog post.Microsoft says that this is going to be its biggest enterprise deal for Windows 10 so far. So far since the operating system came out in summer 2015, <a href="http://www.businessinsider.com/microsoft-windows-10-is-on-10-of-pcs-in-the-world-2015-12">Microsoft has gotten over 200 million users on Windows 10</a> with a goal of getting to one billion within the next two years or so. Big deals like this are an important part of hitting that milestone. Back in 2013, <a href="http://www.businessinsider.com/microsoft-windows-8-department-of-defense-2013-1">Microsoft and the Department of Defense signed a similar deal for Windows 8</a>, the <a href="http://www.businessinsider.com/microsoft-fan-says-windows-8-is-a-disaster-in-every-sense-of-the-word-2014-2">much-maligned predecessor to Windows 10</a>. But that deal only affected about 350,000 employees directly employed by the Department of Defense.This new Windows 10 arrangement accounts for all employees who work at sub-agencies of the Department - which means that it gets the additional benefit of having all its employees everywhere on the same version of Windows. This likely makes life much easier for the DoD's IT department, which has had to manage a mishmash of operating systems across agencies.As an added bonus for Microsoft, the Department of Defense has certified Microsoft's Surface line of tablets as having met the necessary security requirements, meaning that agencies are free to buy them for their employees. Plus, Microsoft's very cool "<a href="http://www.businessinsider.com/microsoft-surface-pro-4-windows-10-hello-2015-11">Windows Hello</a>" facial recognition sign-on tech is similarly certified as usable for Department employees.For Microsoft, this is a big deal in all senses of the phrase. Not only will it draw in a lot of cash for Microsoft's Windows business, which has been struggling to gain traction amid a shrinking overall PC industry, but it's a big marketing victory, too. Now, when Microsoft pitches business customers on upgrading to Windows 10, it can point at this deal as a case in point. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/muslim-girl-frightened-of-trump-2015-12">An 8-year-old was terrified after Trump's comments about Muslims - and a US Army member stepped up to help</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="5zdGlveTpvJEQvTmLjhlrNT5O1EN5TKc" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

You Searched For "ntc" and got 11 results

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Sensex down over 500 points; Power Grid Corp, NTPC, Coal India gain up to 5%

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ITC finally starts rallying, but Twitter can't stop trolling it

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Libya's former PM Mahmud Jibril dies of coronavirus in Egypt

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A Venetian wedding, luxury watches, and $7,000 steak dinners: How Fiat Chrysler seduced union officials in what General Motors says was years of bribery and corruption

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These searing pictures capture the tragic consequences of the war in Iraq

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E-Cigarettes Just Passed The $1 Billion Sales Mark

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