Top 10 biz headlines: Auto crisis worsens, India Inc gets CSR relief & more

From Amazon closing in on buying stake in Future Retail to Japan cautioning Andhra against reworking green power pacts, here are the top ten business headlines on Wednesday

1) 'Rock bottom': Passenger vehicle sales plunge 31%, steepest in two decades

The downward spiral continued for Indian automakers in July as sales fell by 18 per cent over the same month last year.

Sales of passenger vehicles declined by 30.98 per cent, the steepest fall in two decades, and industry executives are now counting on a good monsoon to revive them in the festive season. 

“What is ‘rock bottom’? Each month we feel it’s rock bottom. If we look at the numbers for last month, we thought they were very low, but this time they are breaking an almost