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Aditi Shah

India's passenger vehicle sales drop at steepest pace in nearly two decades

Aug 13 2019

NEW DELHI India's domestic passenger vehicle sales in July dived at the steepest pace in nearly two decades, an auto industry body said on Tuesday, as a financing crunch deepened a crisis in the country's autos sector and triggered large-scale job losses.

UPDATE 2-India's passenger vehicle sales drop at steepest pace in nearly two decades

Aug 13 2019

* Passenger vehicle sales plunge 31%, steepest pace since Dec 2000

Many Sri Lankans want a strongman leader, and that favors Gotabaya Rajapaksa

Aug 12 2019

COLOMBO Sri Lankans, angered by the government's inability to prevent the Easter Sunday terror attacks that killed more than 250 people, want a strongman back in power who can guarantee their safety and bring back economic growth.

Indian auto executives seek tax cuts, easier finance access to revive sales: sources

Aug 07 2019

NEW DELHI India's auto industry demanded tax cuts and easier access to finance for dealers and buyers at a meeting with Indian government officials on Wednesday to discuss the sector's woes, sources said, in an effort to revive sales that have slumped.

Exclusive: Tens of thousands losing jobs as India's auto crisis deepens - sources

Aug 06 2019

NEW DELHI Slumping sales of cars and motorcycles are triggering massive job cuts in India's auto sector, with many companies forced to shut down factories for days and axe shifts, multiple sources said.

RPT-UPDATE 1-EXCLUSIVE-India's SBI tightens lending terms for auto dealers -source, internal memo

Jul 29 2019

* SBI will not lend to new Hyundai car dealers without collateral - internal memo

Exclusive: India's SBI tightens lending terms for auto dealers - source, internal memo

Jul 29 2019

MUMBAI State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn.

EXCLUSIVE-India's SBI tightens lending terms for auto dealers -source, internal memo

Jul 29 2019

* SBI will not lend to new Hyundai car dealers without collateral - internal memo

"They bombed our livelihoods": Sri Lanka's tourism firms struggle after attacks

Jul 15 2019

UNWATUNA/GALLE, Sri Lanka Pearl Divers, a diving school on one of Sri Lanka's most popular southern beaches, shut shop for two months after suicide bombers attacked churches and hotels on the island on Easter Sunday, killing about 250 people. It had no customers as tourists canceled holidays, and its manager Nuwan Harshana says he took two months leave and a pay cut.

Prosecutors say tests needed before Sri Lanka sterilization case can proceed

Jul 11 2019

KURUNEGALA, Sri Lanka Sri Lankan prosecutors said on Thursday tests would be needed to establish whether a Muslim doctor had sterilized Buddhist patients, while there was no evidence to support other charges against him of links to terrorist groups or money laundering.

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