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Emails reveal Indian carmakers’ fuel contamination worries before public retreat

NEW DELHI, Aug 13 (Reuters) – Hours after India made public assurances last week that its ethanol-blended petrol was safe, the country’s main auto lobby withdrew a complaint about ​fuel contamination it had sent to the government a week earlier. The group said some figures needed more checks. But separate communications between industry executives, reviewed by Reuters, showed that ‌in the preceding days, top automakers Maruti Suzuki, Tata Motors and Mahindra discussed their concerns about contamination of petrol blended with 20% ethanol, called E20. Their data compiled the most comprehensive fuel testing done by the industry since Prime Minister Narendra

Gold’s seven-session rally loses steam, prices fall Rs 2,800 per 10 gms

Gold’s seven-session rally loses steam, prices fall Rs 2,800 per 10 gms

New Delhi, Aug 13 (PTI) Gold ended a seven-session rally on Thursday, with prices falling by Rs 2,800 to Rs 1,57,000 per 10 grams in the national capital amid a weak trend in global markets. The yellow metal of 99.9 per cent purity had closed at Rs 1,59,800 per 10 grams on Wednesday. Silver also faced an even steeper sell-off, tumbling Rs 6,000 to Rs 2,40,000 per kilogram (inclusive of all taxes), according to the All India Sarafa Association. The white metal had settled at Rs 2,46,000 per kg in the preceding session. Traders said gold and silver prices fell

​Markets end mixed amid geopolitical uncertainty; Sensex up nearly 114 pts, Nifty ends below 24,400

Mumbai, Aug 13 (PTI) Benchmark indices ended mixed on Thursday, with the Sensex rising nearly 114 points and the Nifty sliding over 40 points, as elevated crude prices and geopolitical uncertainty made investors cautious. Fag-end buying helped the BSE Sensex end the session in the positive territory. The 30-share index settled 113.61 points, or 0.15 per cent, higher at 78,079.96. During the day, the benchmark hit a high of 78,119.39 and a low of 77,665.89, gyrating 453.5 points. The 50-share NSE Nifty was marginally down 40.10 points, or 0.16 per cent, to end at 24,395.85, registering its third day of

Rupee falls 12 paise to close at 95.45 against US dollar

Rupee falls 12 paise to close at 95.45 against US dollar

Mumbai, Aug 13 (PTI) The rupee depreciated 12 paise to 95.45 against the US dollar on Thursday, weighed by weak domestic markets and persistent foreign fund outflows amid lingering geopolitical risks. Forex traders said investor sentiment remains fragile on the delay in the deal between the US and Iran and the broad strength of the American currency in the overseas markets. At the interbank foreign exchange, the rupee opened at 95.40 against the greenback and traded in a range of 95.35-95.48 during the session. It eventually settled at 95.45 (provisional), lower by 12 paise from its previous close. On Wednesday,

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