Client sturdy makers are seeing a blockbuster Diwali season, with gross sales up 40–45% for the reason that GST cuts on September 22. Premium merchandise like TVs, ACs, and washing machines are driving demand, particularly in metro cities, with rural markets selecting up. Manufacturers like Haier, Godrej, and LG report report festive progress, whereas retailers comparable to Vijay Gross sales anticipate 15–20% increased gross sales this 12 months. Samsung noticed premium smartphone gross sales soar 40% and TV gross sales double, making this one of many strongest festive seasons in years.
Trump claims, Modi assured that India will cease shopping for Russian oil
US President Donald Trump mentioned Prime Minister Narendra Modi assured him that India will cease shopping for Russian crude oil, calling it a “massive cease” according to US efforts to chop Russia’s battle funding. Trump mentioned he would additionally push China to finish its Russian vitality imports. The declare adopted US Ambassador-Designate Sergio Gor’s go to to India and forward of commerce talks in Washington. In the meantime, India’s International Ministry mentioned its oil imports are guided by client pursuits and provide stability, including that vitality cooperation with the US continues to deepen.
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Rupee good points 25 paise on RBI intervention
The rupee prolonged its good points on Thursday, closing at 87.82 per US greenback—its strongest degree in practically a month—buoyed by the RBI’s current intervention and optimism over the upcoming US-India commerce talks. The forex rose about 25 paise from Wednesday’s shut of 88.08, after logging its greatest single-day soar in 4 months a day earlier. In response to V Rama Chandra Reddy of Karur Vysya Financial institution, the rupee has recovered most of final month’s losses, helped by softer international crude costs and hopes that the US might elevate further tariffs on Indian items.
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Ashok Leyland wins ₹669-crore order for 1,937 buses from Tamil Nadu State Transport
Ashok Leyland has strengthened its place within the state’s public transport trade by securing a 669-crore contract to produce 1,937 BS VI diesel buses to Tamil Nadu State Transport Undertakings. Low-floor and semi-low-floor fashions might be among the many deliveries that happen between October 2025 and January 2027. The corporate acknowledged that the brand new fleet could have the most recent AIS 153-compliant chassis for elevated security and luxury, as there are at the moment over 21,000 buses working all through Tamil Nadu. On the BSE, Ashok Leyland’s shares ended the day up ₹1.95 p.c at ₹137.60.
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Wipro Q2 income, revenue see muted progress amid macro headwinds
With income up 2% 12 months over 12 months to ₹22,697 crore and web revenue up 1.15% to ₹3,246 crore, Wipro reported modest progress within the second quarter of FY26. Income from IT companies was $2.6 billion, a 0.7% sequential enhance. Regardless of manufacturing and vitality’s weak point, BFSI and healthcare drove progress, in response to CEO Srini Pallia. With two mega offers, massive deal bookings elevated 90.5% 12 months over 12 months to $2.9 billion. In response to CFO Aparna Iyer, margins remained regular at 17% regardless of being barely impacted by a one-time cost. Wipro remains to be hopeful about Europe, BFSI, and the approaching Harman DTS acquisition.
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Printed on October 17, 2025
