Business Brief:Car prices fall to 4-year-low post-GST cut; rupee sees record dip; top 3 auto firms sell 51,000 vehicles in single day

Here’s a brief outlook on today’s key events and a recap of major business news headlines on Tuesday. Before yesterday’s big news, today’s headlines to watch out for… Now read yesterday’s big news… 1. Gold crosses all-time high at ₹1.14 lakh/10 gms; Silver reaches ₹1.35 lakh On Tuesday, September 23, the prices of gold and silver once again reached new highs. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24-carat gold increased by ₹2,159 to reach ₹1,14,314. While, silver also became costlier by ₹2,398, reaching ₹1,35,267. 2. Top-3 companies sold 51,000 cars in one day: Prices fall to 4 year ago levels due to GST reduction, Maruti’s 30-year-old record broken The country’s top 3 automobile companies Maruti, Hyundai, and Tata Motors sold more than 51,000 cars on the first day of Navratri. Due to the new GST rates being implemented from September 22, car prices fell to 4-year low. Additionally, companies are offering more than 10% festive discounts. After cars became cheaper, companies recorded record sales. 3. Rupee hits record all-time low; Falls 10 paise against the dollar to 88.49 The rupee reached its all-time lowest level against the dollar on September 23. The rupee slipped to 88.49, surpassing the all-time low (88.46) made two weeks ago. 4. Wheat-based product manufacturer Ganesh Consumer IPO subscription reaches 42%:MD says, ‘We are number one in Bengal, now focusing on Bihar’; read the full interview here Ganesh Consumer Products, which started as a small retail shop in Kolkata’s Burrabazar in 1936, has now launched its IPO. The public issue, which opened on September 22, was subscribed 42% on the second day. Retail investors can bid for this issue until September 24. Petrol/Diesel Prices As of Wednesday LPG Prices As of Wednesday