BL Morning report: October 17, 2025

Hit the ground running this Friday with the week’s biggest business updates! Consumer durables see blockbuster Diwali – Sales surge 40–45% post-GST cuts, led by premium TVs, ACs, and appliances; brands like Haier, Godrej, LG, Samsung report strong festive growth, with retailers expecting 15–20% higher sales. Trump claims Modi assured India will stop buying Russian oil – The US President called it a “big stop” amid efforts to curb Russia’s war funding; India says energy imports are guided by consumer interests and supply stability, with ongoing US-India cooperation. Rupee gains 25 paise to 87.82 – Buoyed by RBI intervention, softer crude, and optimism over US-India trade talks, the rupee hits a nearly one-month high, recovering most of last month’s losses. Ashok Leyland wins ₹669-crore TN bus order – The company will supply 1,937 BS VI diesel buses, including low-floor and semi-low-floor models, strengthening its presence in Tamil Nadu’s public transport; shares close up 1.95% at ₹137.60. Wipro Q2 revenue and profit see muted growth – Revenue rises 2% to ₹22,697 crore, net profit up 1.15% to ₹3,246 crore; BFSI and healthcare drive growth, large deal bookings surge 90.5%, and margins remain steady at 17%.