India’s retail inflation eases to 3.15% in July; breaking 5-month rising trend. As sales plummet and lakhs of jobs are jeopardised, auto sector faces its worst crisis in two decades. Economy awaits government’s promised reforms as slowdown gathers pace. To ensure an IL&FS or DHFL is not repeated, reforming credit rating systems is the need of the hour. Moody’s says RIL’s announced deals with Aramco and BP will reduce its debt and be credit-positive. What does Reliance’s deleveraging mean for the Indian economy? Viacom and CBS reunite after 13 years to cope with new media landscape. ViacomCBS: the road to a long-anticipated merger.
Moving on to the top Business news stories of the day: