Amazon India launches automated messaging assistant that speaks Hindi

Amazon says that the conversations happen inside the messaging window where customers can naturally interact just as they would with a human and the chatbot seamlessly transitions to a human assistant within the same window, whenever necessary.Amazon India has introduced an automated messaging assistant...

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Passenger vehicle sales drop for 9th consecutive month, 31% slump in July

India’s domestic passenger vehicle sales fell for the ninth straight month in July, an auto industry body said on Tuesday, amid a deepening crisis in the country’s automobile sector that has triggered large-scale job losses.Sales of passenger vehicles to car dealers fell 30.9% to 200,790 in July,...

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Worst Downturn Ever For Indian Auto Industry, 350,000 Lay-Offs: Report

Maruti Suzuki, country's biggest carmaker, cut its temporary workforce by 6 per cent over the past six months, Reuters reported.Slumping sales of cars and motorcycles are triggering massive job cuts in the auto sector, with many companies forced to shut down factories for days and axe shifts, multiple...

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Maruti Suzuki sales crash 36% in domestic market

While sales of mini cars Alto and old WagonR dropped 69.3% , compacts fell 22.7%.The country’s largest carmaker Maruti SuzukiNSE 1.88 % Thursday reported 36.2% decline in passenger vehicle sales in the domestic market at 98210 units for July.While sales of mini cars Alto and old WagonR dropped 69.3%...

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Indian real estate developers at risk as credit dries up

Developers are at risk of going belly-up as mounting stress in the nation’s credit market has dried up funding.Indian developers are at risk of going belly-up as mounting stress in the nation’s credit market dries up funding even for those willing to pay decade-high rates.“With the worsening shadow-banking...

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‘I have failed… sorry’, wrote CCD founder VG Siddhartha in letter to directors

Siddhartha went missing after asking his driver to drop him off at the Netravathi bridge in Mangaluru as he wanted to take a walk. There was no sight of him an hour later and the driver alerted the family, and they in turn informed the authorities.“I am very sorry to let down all the people who put their...

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Adani plans to invest Rs 5,500 crore in UP over 5 years

“In the next five years, the group is planning to invest Rs 5,000 crore in power transmission and another Rs 500 crore in food processing sector,” Adani Group chairperson Gautam Adani said.Adani Group will invest Rs 5,500 crore over the next five years in power transmission and food processing sectors...

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State Bank of India tightens lending terms for auto dealers

SBI said it is revising the lending terms because of "growing stress" in the carmaker's portfolio.MUMBAI: State Bank of India NSE 0.35 % 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...

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This 37-year-old former school teacher is India’s newest billionaire

Byju Raveendran joined the rarefied club after his Think & Learn Pvt scored $150 million in funding earlier this month.India’s newest billionaire is a former classroom teacher who developed an education app that’s grown to a valuation of almost $6 billion in about seven years.Byju Raveendran...

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Sensex Falls Over 360 Points Amid Selloff In Auto, Metal Stocks: 10 Things To Know

Domestic stock markets gave up early gains to edge lower on Monday amid choppy trade, following Finance Minister Nirmala Sitharaman's comment that the government does not intend to review its overseas borrowing plan. The S&P BSE Sensex index - which opened 160.43 points higher at 38,043.22 - gave...

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