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Car sales hit top gear on festival push

Business Standard

|

October 22, 2025

Up 15-35% during Navaratri-Diwali period

- SHINE JACOB

India's leading automobile manufacturers have recorded their best Diwali season ever, driven by recent goods and services tax (GST) reforms, repo rate relief, and buoyant consumer sentiment during the festival period from Navaratri to Diwali.

According to initial industry estimates, passenger-vehicle makers have seen between 15 per cent and 35 per cent sales growth during this period.

Industry major Maruti Suzuki on Saturday reported 450,000 bookings during the festival period, with retail sales touching a record 325,000 units. Tata Motors on Tuesday said it delivered over 100,000 vehicles, a 33 per cent increase over last year, while Hyundai Motor India saw retail sales surge 30 per cent year-on-year (yo-Y), averaging around 2,500 cars a day.

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Ananth Narayan G describes his three-year tenure as whole-time member of the Securities and Exchange Board of India (Sebi) as a privilege that allowed him to make an impact on a larger canvas.

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New currency of hard power

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Apple's India revenue hits new high in Sep qtr

Apple set an all-time revenue record in India for the September quarter, driven by strong iPhone sales, as the American technology giant’s overall sales revenue reached $102.5 billion globally.

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USFDA's new biosimilar norms to woo more players, fast-track mkt entry

The US Food and Drug Administration’s (USEDA)'s new draft guidelines aimed at speeding up and reducing the cost of developing biosimilars — lower-priced, near-replicas of complex biologic medicines — could significantly benefit Indian biotech companies.

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Business Standard

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Apple revenue tops $100 bn for first time

iPhone price hike drives record quarter

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Broking industry sees high growth on digital push

The Indian broking industry is passing through a lean patch after two years of rapid growth and expansion.

time to read

3 mins

November 01, 2025

Business Standard

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Al-related stocks have more room to grow'

Artificial intelligence (AI)-related stocks have more room to grow, said Mark Matthews, managing director (MD) and head of research for Asia at Julius Baer during lunch on the sidelines of the Business Standard BFSI Insight Summit 2025 on Friday.

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1 mins

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'Al unlikely to replace humans in fin services'

Artificial intelligence, or AI, has had an influence in the way we invest in stocks. While it helps you narrow the list of opportunities, it has not reached a point where it can replace wealth managers, points out Shankar Sharma, founder, GQuants, in a fireside chat with A K Bhattacharya. Edited excerpts:

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4 mins

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Business Standard

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Vedanta net profit plunges 59% on exceptional losses

Mining major Vedanta’s consolidated net profit plunged 58.69 per cent year-on-year (Y-0-Y) to %1,798 crore inthe second quarter of 2025-26 (Q2FY26), dragged down by exceptional losses booked during the period under review. The company had reported anet exceptional gain of $1,160 crore in Q2FY25.

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2 mins

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Sebi chief stresses responsible tech use, stronger market resilience

The Securities and Exchange Board of India (Sebi) is promoting the responsible use of emerging technologies, such as artificial intelligence in financial markets, strengthening cybersecurity, and preparing entities for change, said Chairman Tuhin Kanta Pandey on Friday.

time to read

1 mins

November 01, 2025

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