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Car dealerships see increased footfalls as buyers queue up for dream machines at low cost

New Delhi, Sep 22 (PTI) The automotive dealers witnessed increased footfalls as buyers thronged dealerships in large numbers on Monday to buy their dream machines with lower price tags under the new GST regime, according to FADA President C S Vigneshwar. In an interaction with PTI, he said that the dealerships saw a massive increase in customer enquiries over the last 3-4 weeks and a very ‘positive’ sales performance on the first day of Navratri. “People have been coming in for the last three or four weeks, as they know prices are going to drop. A lot of people are

‘Irresponsible, builds media narrative’: Supreme Court miffed over selective release of AI plane crash report

New Delhi, Sep 22 (PTI) The Supreme Court on Monday termed as “unfortunate and irresponsible” the selective publication of a preliminary report on the June 12 Air India crash which outlined lapses on the part of pilots and paved way for a “media narrative”. A bench of Justices Surya Kant and N Kotiswar Singh, which issued notices to the Centre and the Directorate General of Civil Aviation (DGCA) on the aspect of an independent, fair and expeditious probe of the crash, said an element of privacy and dignity of families of victims was also involved. It took note of certain

Gold surges Rs 2,200 to hit fresh high of Rs 1,16,200/10 g in Delhi as strong global cues drive rally

Mumbai, Sep 22 (PTI) Gold prices surged Rs 2,200 to hit a fresh peak of Rs 1,16,200 per 10 grams in the national capital on Monday buoyed by strong global cues as investors awaited key commentary from US Fed officials for policy direction. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,14,000 per 10 grams on Friday. In the local bullion market, gold of 99.5 per cent purity rallied Rs 2,150 to hit a record high of Rs 1,15,650 per 10 grams (inclusive of all taxes). It had settled

Rupee falls 15 paise to close at 88.31 against US dollar

Rupee hits record low

Mumbai, Sep 22 (PTI) The rupee depreciated 15 paise to close at 88.31 (provisional) against the US dollar on Monday, as investors weighed Trump’s H-1B visa fee hike impact on Indian remittances amid heightened risk-averse sentiment. Forex traders said the recent hike in H-1B visa fees could contribute to equity outflows from the Indian IT sector in the near term, and could also exert pressure on the Indian rupee. At the interbank foreign exchange, the rupee opened at 88.20, then touched an intra-day low of 88.34 and a high of 88.12 against the greenback. The domestic unit finally settled at

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