Major US stock indices, including the S&P 500 and Nasdaq, closed at record highs Friday, fueled by optimism over Iran’s decision to open the Strait of Hormuz and potential peace talks with the US. This development eased inflation concerns as oil prices plummeted, boosting consumer discretionary and industrial sectors while energy stocks slid.
Share of new-to-credit customers rises to 50% in June 2026 from 24% in June 2016: TransUnion CIBIL-FIDC report
NBFCs now account for half of India’s new-to-credit (NTC) borrowers, up from 24% in 2016, according to a TransUnion CIBIL-FIDC report covering about 2,000 NBFCs.