Business
Festive Season And GST Relief Drive Robust Auto Sector Surge In October 2025: SIAM
New Delhi: India’s automobile industry recorded robust growth across key segments in October 2025, buoyed by strong festive demand and the impact of the recent GST rate reduction, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
As per SIAM, domestic sales of Passenger Vehicles (PV) rose 17.2 per cent, with 4,60,739 units dispatched to dealerships in October 2025, up from 3,93,238 units in the same month last year. The month marked the highest-ever October dispatches for the segment.
The Two-Wheeler category also witnessed an uptick, with sales growing 2.1 per cent to 22,10,727 units, compared to 21,64,276 units in October 2024. Within this segment, scooter sales saw a strong 14.3 per cent jump to 8,24,003 units, while motorcycle sales declined 4 per cent to 13,35,468 units.
In the Three-Wheeler segment, overall sales stood at 81,288 units, reflecting a 5.9 per cent rise over October 2024. Passenger carriers grew 7.6 per cent, while goods carriers increased 2.8 per cent. Electric three-wheelers, however, registered a decline, with e-rickshaw sales dropping 27.2 per cent and e-cart sales falling 3.4 per cent.
Total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles in October 2025 stood at 28,01,412 units, SIAM said.
Commenting on the trend, Rajesh Menon, Director General, SIAM, said the record dispatches in October reflected a strong market recovery driven by festival-season buying sentiment and the GST cut that became effective from 22 September 2025.
“Passenger Vehicle, Two and Three-Wheeler segments posted their highest ever dispatches to dealers in October, primarily buoyed by the festive demand and the recent GST rate reduction, despite being constrained due to certain logistic limitations,” Menon said.
The GST rate reduction had also led to a notable rise in vehicle registrations, signalling continued retail strength beyond wholesales.
“With the reduced GST rates becoming effective from 22nd September 2025, October witnessed a strong uptick in Vehicle Registrations, resulting in a notable rise compared to Wholesales,” added Menon.
Business
No More Mandatory Probate Of Will In Mumbai, Chennai, Kolkata: What Does It Mean For Heirs?
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Probate of wills is no longer mandatory in Mumbai, Chennai and Kolkata after Parliament amended Section 213 of the Indian Succession Act, 1925.
ig Relief For Families: Wills No Longer Need Probate In Mumbai, Chennai, Kolkata
The probate of wills is no longer mandatory now in Mumbai, Chennai and Kolkata. The Indian government has brought amendment into Section 213 of the Indian Succession Act, 1925 under the Repealing and Amending Act, 2025.
Probate is a court’s legal confirmation that a will is valid. It allows the executor to distribute the deceased person’s assets.
Parliament passed the Repealing and Amending Act, 2025, which deletes Section 213, ending the requirement of mandatory probate for wills in Mumbai, Chennai, and Kolkata.
The government argued that the rule was a colonial-era provision, discriminatory, and causing unequal treatment between communities and regions.
What does this mean for heirs now?
Heirs of Mumbai, Chennai and Kolkata can claim property without probate like in other parts of the country. Banks, registrars and authorities may accept the will directly.
The process becomes faster, cheaper and less court-driven.
However, probate is still required in case there is a dispute over the will. The matter then can be proceeded with in the court for resolution.
Why was mandatory probate only for Mumbai, Chennai & Kolkata?
The mandatory probate was applicable only for these three cities, which reflects a remnant of the colonial era. The British created special succession rules only for these cities.
During British rule, Mumbai (Bombay), Chennai (Madras) and Kolkata (Calcutta) had Presidency High Courts.
Muslims and Christians were already exempt from mandatory probate even in these cities. This Section only applied over Hindus, Buddhists, Sikhs, Jains and Parsis.
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December 31, 2025, 13:01 IST
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The Pakistan Stock Exchange (PSX) continued its upward trend on Wednesday, with the benchmark KSE-100 Index crossing over the historic 175,000-point milestone in early trading.
During the trading session, the KSE-100 Index rose by over 700 points, reaching a high of 175,232 points, its highest level ever.
Earlier in the day, the index had climbed 208 points to 174,681.
At the close of trading on Tuesday, the KSE-100 Index had ended at 174,472 points, highlighting the market’s continued bullish momentum as the year comes to a close.
Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs and power generation.
Index-heavy stocks, including HUBCO, MARI, POL, PPL, OGDC, PSO, HBL, MEBL and MCB, traded in the green.
Business
Asian stocks today: Markets trade mostly in red on last trading day of 2025; HSI sheds over 200 points, Kospi flat – The Times of India
Asian markets slipped mostly into red on Wednesday, the final trading session of 2025, as investors remained cautious ahead of the New Year holiday and took cues from Wall Street losses.In Hong Kong, HSI slipped over 224 points to 25,630. Nikkai was also trading at a loss, shedding 187 points or 0.3%. Shanghai and Shenzhen were also down 0.07% and 0.67% at 10:35 AM IST. South Korea’s Kospi was also down 6 points to trade at 4,214. With the holiday season keeping participation low, trading volumes across the region remained thin. Commodities offered a steadier picture, with precious metals holding their ground after retreating from record levels seen earlier in the week. The uneven performance followed a muted session in the United States, where major Wall Street indices finished slightly lower on Tuesday. Investor unease over stretched valuations in artificial intelligence (AI)-linked stocks continued to weigh on sentiment. Even so, US markets were still set to deliver solid gains for the full year, a trend mirrored across much of Asia. Regional markets benefited from a combination of easing monetary conditions and a powerful rally in technology shares. In China, fresh official data showed factory activity edged up marginally in December, offering a rare positive signal at the close of an otherwise subdued year for the world’s second-largest economy. A key driver of the year’s global market strength has been the US Federal Reserve’s shift towards monetary easing in the latter half of 2025, alongside a flood of investment into AI-related technologies. Minutes from the Fed’s December policy meeting revealed that most officials consider further interest rate cuts appropriate, provided inflation continues to cool as anticipated. Precious metals have been among the most volatile assets in recent days, lifted by their demand as safe-haven investments amid ongoing geopolitical tensions. Gold and silver both touched record highs last week before pulling back.
No More Mandatory Probate Of Will In Mumbai, Chennai, Kolkata: What Does It Mean For Heirs?
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