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Automobile sales slump 18.7% in July; sharpest decline in nearly 19 yrs

Aug 13, 2019

This is the sharpest decline in nearly 19 years, SIAM reported. It said passenger car sales in July were also worst since December 2000 when the segment had declined by 39.86 per cent. Last month, domestic car sales were down 35.95 per cent at 1,22,956 units as against 1,91,979 units in July 2018.

FPIs remain in sell-off mode, pull out Rs 9,197 cr in August so far

Aug 11, 2019

Given the situation, earnings growth is moderating while valuation is expanding. As a result, equity is losing its attractiveness as an investment class and funds are shifting to safe-haven assets like bonds and gold, Vinod Nair, head of research at Geojit Financial Services

Flood related loss in Karnataka Rs 10,000 crore, says CM

Aug 11, 2019

Thirty one people have died so far in rain related incidents in Karnataka as the flood situation remained grim in the state. 
A total of 3.14 lakh people have been evacuated, of whom 2.18 lakh are staying in 924 relief camps 

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