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Top 10 selling cars in India in August 2024

<ul><li><keyword id="20025925" type="General" weightage="20" keywordseo="auto-sales" source="keywords">Auto sales</keyword> in August 2024 recorded a month-on-month decline.</li><li>One of the reasons for the decline in sales was excessive rainfall in the country.</li><li><keyword id="20108734" type="General" weightage="20" keywordseo="FADA" source="keywords">FADA</keyword> has urged banks and NBFCs to tighten funding for dealers with excessive inventory.</li></ul>Auto sales in India experienced a significant decline in August 2024, primarily due to excessive rainfall during this monsoon season, according to a report by the Federation of Automobile Dealers Associations (FADA). The report highlighted a 7.01% month-on-month (MoM) decline in overall retail auto sales, falling from 20.34 lakh units in July to 18.91 lakh units in August. Despite this monthly decline in sales, the auto sector witnessed a modest 2.88% year-on-year (YoY) growth compared to August 2023. "India saw 15.9% <keyword id="22508938" type="General" weightage="20" keywordseo="excess-rainfall" source="keywords">excess rainfall</keyword>, with a significant surplus in key regions, disrupting auto retail performance," said a report by FADA. <h2>Decline in sales</h2>The report added that the two-wheeler (2W) segment, despite showing a 6.28% year-on-year growth, registered a 7.29% month-on-month decline. As per the report, market saturation and weather disruptions were the key factors behind the decline in two-wheeler sales. <div type="Article" hostid="261" msid="113016216" title="August auto sales – Maruti Suzuki, Tata Motors and others report a decline in sales" mstype="2" mssubtype="0"></div> In the passenger vehicle (PV) segment, there was a 4.53% YoY and 3.46% MoM decline, while the commercial vehicle (CV) segment recorded an 8.5% MoM and 6.05% YoY decline. FADA noted that weak industrial demand and weather-related challenges were major contributors to the significant drop in commercial vehicle sales. <h2>Inventory levels continue to be a challenge</h2>FADA also highlighted growing inventory challenges in the PV segment, with stock days ranging between 70-75 days, representing approximately 7.8 lakh vehicles valued at ₹77,800 crore. The report noted that these high inventory levels, combined with aggressive OEM dispatches have created cash flow pressures for dealers, impacting their profitability. "Dealers under pressure due to aggressive OEM dispatches, with dealers facing cash flow challenges and reduced profitability" the report said. <h2>FADA urges banks to tighten funding</h2>To address this, FADA has urged banks and NBFCs to tighten funding for dealers with excessive inventory. Additionally, the report emphasized the need for dealers and OEMs to recalibrate their supply strategies to avoid a potential inventory crisis. For the upcoming months, the report paints an optimistic picture with the festive season offering growth opportunities. However, it also noted that the auto retail market must navigate challenges posed by weather uncertainties and inventory management. With inputs from ANI. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/india-beats-the-us-to-emerge-as-the-second-biggest-market-for-5g-smartphones/articleshow/113095322.cms">India beats the US to emerge as the second-biggest market for 5G smartphones</a> <a href="https://www.businessinsider.in/tech/mobile/news/apple-iphone-16-to-launch-on-september-9-design-specs-and-everything-we-know-so-far/articleshow/113091114.cms">Apple iPhone 16 to launch on September 9 – design, specs and everything we know so far</a> <a href="https://www.businessinsider.in/stock-market/webstories/shree-tirupati-balajee-agro-trading-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113082663.cms">Shree Tirupati Balajee Agro Trading IPO – Price band to risk factors, all you need to know</a>

FADA urges banks to tighten funding to dealers as rains play spoilsport in August

Top international getaways from India for this August long weekend

<ul><li><keyword id="19901379" type="General" weightage="20" keywordseo="Xiaomi" source="keywords" meta.keywordsubtype="org" meta.entityname="Xiaomi" meta.hostid="261" meta.entityid="Xiaomi">Xiaomi</keyword> has taken the second spot in <keyword id="21305568" type="General" weightage="20" keywordseo="global-smartphone-shipments" source="keywords">global smartphone shipments</keyword> in August 2024.</li><li>This is the first time in three years that Xiaomi has claimed the second spot.</li><li><keyword id="19894961" type="General" weightage="20" keywordseo="Apple" source="keywords" meta.keywordsubtype="org" meta.entityname="Apple" meta.hostid="261" meta.entityid="Apple">Apple</keyword> reported a slowdown in sales in August as it prepared to launch the iPhone 16 in September.</li></ul>Xiaomi has emerged as the second biggest <keyword id="20770075" type="General" weightage="20" keywordseo="smartphone-brand" source="keywords">smartphone brand</keyword> in the world in August 2024, after a period of three years. The company has beaten Cupertino tech giant Apple to claim the position. Apple’s sales usually slow down in August as the company launches its new flagship devices in the month of September. This allowed Xiaomi to take the second spot, despite the company’s sales remaining flat month-on-month. August is reportedly the weakest month in any year for Apple. <div type="Article" hostid="261" msid="113204340" title="iPhone 16 Pro and iPhone 16 Pro Max with bigger displays, A18 Pro chipset launched starting at ₹1,19,900" mstype="2" mssubtype="0"></div> As per a Counterpoint Research report, Xiaomi has emerged as one of the fastest-growing smartphone brands in 2024. Despite the market slowing down in August, Xiaomi was able to outperform the market. While even Xiaomi’s sales reported a decline in its key markets, the company was able to offset it by promotions-led growth in Latin America. “Xiaomi has adopted a leaner product strategy this year, focusing its energies to create one hero model per price band, rather than launching multiple devices in one segment. Besides, it has also re-energized its sales and marketing focus while continuing expansion into newer markets and consolidating its position in existing markets,” said Tarun Pathak, Research Director, Counterpoint Research. “While entry-to-mid-tier devices continue to show strong performance for Xiaomi, it has also made inroads into the premium segment with foldable and ‘ultra’ devices,” Pathak added. As per the report, Xiaomi has been able to change its product, sales and channel strategy after a weak performance in 2022 and the first half of 2023. While Apple took the third spot, Samsung is back on the top, after being dethroned by Apple. <div type="Article" hostid="261" msid="106922358" title="Apple beats Samsung for the first time since 2010, tops global smartphone shipments" mstype="2" mssubtype="0"></div> In 2023, Apple had beaten Samsung for the first time to become the top smartphone maker in the world since 2010. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/instagram-will-force-teenagers-to-have-a-private-account-enable-sleep-mode-after-10-pm/articleshow/113449313.cms">Instagram will force teenagers to have a private account, enable sleep mode after 10 PM</a> <a href="https://www.businessinsider.in/business/ecommerce/news/amazon-great-indian-festival-sale-to-begin-on-september-27/articleshow/113445238.cms">Amazon Great Indian Festival sale to begin on September 27</a> <a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-series-allows-users-to-wirelessly-restore-the-firmware-using-an-iphone-or-ipad/articleshow/113455048.cms">iPhone 16 series allows users to wirelessly restore the firmware using an iPhone or iPad</a>

Xiaomi emerges as the world’s second-biggest smartphone brand in August

If you're a salaried employee or a business owner who can't leave for a trip whenever you want and need to plan ahead, August is a great time for a vacation. In <keyword id="21604710" type="General" weightage="20" keywordseo="August-2024" source="keywords">August 2024</keyword>, there are some exciting long weekends thanks to holidays like Independence Day, Raksha Bandhan, and Janmashtami. This means it's a perfect time for you to plan a trip! If you plan your leave carefully, you can get up to five days off in a row. We're here to help you plan your August holidays and suggest some great travel options. We'll tell you about the top destinations you can visit near <keyword id="66" type="General" weightage="20" keywordseo="Delhi" source="Orion">Delhi</keyword>, <keyword id="6358070" type="General" weightage="20" keywordseo="Mumbai" source="Orion">Mumbai</keyword>, and <keyword id="6354321" type="General" weightage="20" keywordseo="Bengaluru" source="Orion">Bengaluru</keyword> during these long weekends. <h2>Here's a breakdown of the long weekends in August:</h2> <div type="image" title="Calender" msid="112289713" hostid="261" sizebytes="143659" caption="&amp;lt;p&amp;gt;Breakdown of the long weekends in August 2024.&amp;lt;/p&amp;gt;"></div> Now, let's look at great places to visit near Delhi, Mumbai, and Bengaluru during these weekends. <h3>Near Delhi:</h3>Jaisalmer, Rajasthan Known as the "Golden City," Jaisalmer is famous for its stunning sandstone architecture and desert landscapes. Explore the Jaisalmer Fort, Patwon Ki Haveli, and the picturesque Sam Sand Dunes, where you can enjoy a camel safari and witness a beautiful sunset. Munsyari, Uttarakhand A hidden gem in the Kumaon region, Munsyari offers breathtaking views of the Himalayan peaks. It's a paradise for trekkers, with routes like the Milam Glacier and Khaliya Top. The quaint village atmosphere and stunning natural beauty make it a perfect escape. Pushkar, Rajasthan A small town known for its sacred Pushkar Lake and the famous Brahma Temple, Pushkar is a spiritual and cultural destination. The vibrant Pushkar Bazaar is great for shopping, and if you're visiting in November, don't miss the famous Pushkar Camel Fair. <h2>Near Mumbai:</h2>Goa A popular beach destination, Goa offers a mix of sun, sand, and vibrant nightlife. Visit the beautiful beaches of Baga, Anjuna, and Palolem, explore historic churches like the Basilica of Bom Jesus, and enjoy water sports. Goa's rich Portuguese heritage and delicious seafood are added attractions. <div type="Article" hostid="261" msid="109562865" title="Things to do in Goa in monsoon to make the most out of your trip" mstype="2" mssubtype="0"></div>Alibaug A coastal town with beautiful beaches, Alibaug is ideal for a relaxing weekend. You can visit Kolaba Fort, enjoy water sports, or just unwind at the various beaches like Alibaug Beach and Nagaon Beach. Matheran A charming hill station free of vehicles, Matheran offers peaceful walks through nature. The views from Panorama Point and Charlotte Lake are breathtaking. You can also explore the many viewpoints that offer stunning landscapes. <h2>Near Bengaluru:</h2>Hampi, Karnataka: A UNESCO World Heritage site, Hampi is renowned for its ancient ruins and temples from the Vijayanagara Empire. Explore the Virupaksha Temple, Vittala Temple with its iconic stone chariot, and the Hampi Bazaar. The landscape of giant boulders and ancient structures makes Hampi a unique and fascinating destination. Chikmagalur: A paradise for coffee lovers, Chikmagalur is a hill station surrounded by coffee plantations. You can trek to Mullayanagiri, the highest peak in Karnataka, visit the serene Hebbe Falls, and explore ancient temples. Mysuru: A city rich in history and culture, Mysuru is famous for its magnificent Mysore Palace. You can also visit Chamundi Hill, St. Philomena's Church, and the vibrant Devaraja Market. The Mysore Zoo and Brindavan Gardens are other popular attractions. SEE ALSO: <a href="https://www.businessinsider.in/travel/india/webstories/10-most-beautiful-hill-stations-to-visit-in-north-india-this-august/slidelist/112213767.cms" data-type="tilCustomLink" target="_blank">10 most beautiful hill stations to visit in North India this August</a>

Plan the perfect August 2024 long weekend: Getaways from Delhi, Mumbai, and Bengaluru

Upcoming cars launching in India in August 2024

Upcoming smartphones launching in India in August 2024

<ul class="summary-list"><li>An index of non-US stocks saw their steepest decline since August this week. </li><li>The broad sell-off came after Trump's election win stoked fears of coming trade wars. </li></ul>Donald Trump's win has <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/trump-election-win-stock-market-today-record-high-sp500-dow-2024-11">sent US stocks on a tear</a>, but for equities in the rest of the world, it's sparked a sell-off on fears of a widespread economic downturn due to tariff risks.An MSCI <a target="_blank" href="https://www.msci.com/indexes/index/899901">index</a> of large and mid-sized stocks outside the US tumbled 1.6% on Tuesday, its steepest daily drop since August.The Stoxx Europe 600 Index, meanwhile, lost 2.1% for its worst one-day drop in three months, while an <a target="_blank" href="https://www.msci.com/indexes/index/891800">index</a> of emerging market stocks dropped 2%. Another index shows emerging market currencies have nearly pared their year-to-date gains with a 1% drop since the election.The losses come a week after Trump's US election win and as the president-elect has appointed some key cabinet members.<a target="_blank" href="https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11">Trump's appointments</a> have shown a preference toward his most loyal supporters and those who he says share his "America First" protectionist agenda. Along the campaign trail, Trump proposed an across-the-board tariff of at least 10%, with a far steeper tariff of 60% on imports from China. If enacted, those duties would pose <a target="_blank" href="https://www.businessinsider.com/global-reaction-donald-trump-election-victory-tariffs-trade-disputes-2024-11?utm_medium=ingest&amp;utm_source=markets&amp;_gl=1*1mwwhu3*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMTUxMDc3NS4zOTkuMS4xNzMxNTEyMDU5LjcuMC4w">huge obstacles</a> for international economies reliant on trade with the US.In Europe, analysts at Dutch bank ING say there could be a "full blown recession" under Trump's tariffs, while Germany in particular could suffer a <a target="_blank" href="https://www.reuters.com/markets/europe/bundesbanks-nagel-trump-tariffs-could-cost-germany-1-economic-output-2024-11-13/">1% hit to GDP</a>, according to the country's central bank president Joachim Nagel.China's already fragile economy, meanwhile, will only be further damaged by a new trade war. Analysts at UBS say tariffs would hamstring most trade between the two nations and likely affect China's GDP."The mooted 60% tariff on imports from China and a 10% tariff on imports from the rest of the world could make much of US-China trade unviable, reduce US domestic demand and corporate profits, and lead to lower GDP growth around the world, particularly in China," the analysts wrote in a note last week.As stocks in the rest of the world have faced steep declines, US shares have rallied sharply since the election.The S&amp;P 500 and the Dow Jones Industrial Average have each jumped to record highs, driven by gains in Trump trades like bitcoin, <a target="_blank" href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-trillion-valuation-donald-trump-election-win-tsla-2024-11?_gl=1*jyqhh7*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMTQxOTczNy4zOTIuMS4xNzMxNDE5NzcxLjI2LjAuMA..&amp;utm_medium=ingest&amp;utm_source=markets">Tesla</a> and shares of banks expected to benefit from deregulation and tax cuts.

Non-US stocks have seen their sharpest sell-off since August on fears over Trump's tariffs

Starting today, August 29, India is ready to demonstrate its prowess and win its best-ever medal haul at the <keyword id="20396851" type="General" weightage="20" keywordseo="Paralympics" source="keywords">Paralympics</keyword>. On the schedule for Thursday are preliminary rounds in at least 12 sports, including badminton, archery, taekwondo, and table tennis. For the women's individual compound open ranking round, the spotlight will be on the para-archer Sheetal Devi along with <keyword id="22963010" type="General" weightage="20" keywordseo="Sarita-Devi" source="keywords">Sarita Devi</keyword> for the same event. Sheetal came to the limelight after she won two gold and a silver medal in the <keyword id="20418133" type="General" weightage="20" keywordseo="Asian-Para-Games" source="keywords" meta.keywordsubtype="org" meta.entityname="Asian Para Games" meta.hostid="261" meta.entityid="Asian Para Games">Asian Para Games</keyword> in 2023. In para-badminton, we will see in action Sukant Kadam, Manoj Sarkar, Suhas Yathiraj, Manasi Joshi, Tarun Dhillon, Nitesh Kumar, Thulasimathi Murugesan, Manish Ramdass and Palak Kohli in their respective group stage matches. Here is India’s full schedule for day 1: <h2>1. Para-Badminton </h2>Mixed Doubles SL3-SU5 (Group Stage) Nitesh Kumar/Murugesan Thulasimathi vs Suhas Lalinakere Yathiraj/Palak Kohli (12 PM) Mixed Doubles SH6 (Group Stage) Sivarajam Solaimalai/Nithye Sre Sumathy (12:40 PM) Women's Singles SL3 (Group Stage) Mandeep Kaur (2 PM) Manasi Joshi (2 PM) Men's Singles SL4 (Group Stage) Sukant Kadam (2:40 PM) Suhas Lalinakere Yathira (3:20 PM) Tarun (3:20 PM) Men's Singles SL3 (Group play) Nitesh Kumar vs Manoj Sarkar (4 PM) <h2>2. Para-Cycling</h2>Jyoti Gaderiya - Women's C1-3 3000m Individual Pursuit Qualifying (4:25 PM) <h2>3. Para-Archery (From 4:30 PM)</h2>Harvinder Singh - Men's Individual Recurve Open (Ranking Round) Sarita, Sheetal Devi - Women's Individual Compound Open (Ranking Round by 4:30 PM) <h2>4. Para Badminton</h2>Palak Kohli - Women's Singles SL4 (Group play) - 4:40 PM onwards Murugesan Thulasimathi - Women's Singles SU5 (Group play) - 5:20 PM onwards Sivarajam Solaimalai - Men's Singles SH6 (Group play) - 7:30 PM onwards Manisha Ramadass - Women's Singles SU5 (Group play) - 7:30 PM onwards Nithya Sre Sumathy - Women's Singles SH6 (Group play) - 7:30 PM onwards Krishna Nagar - Men's Singles SH6 (Group play) - 7:30 PM onwards <h2>5. Para-Archery (8:30 onwards)</h2> Shyam Sundar Swami, Rakesh Kumar - 8:30 PM onwards Pooja - Women's Individual Recurve Open (Ranking Round) Sheetal Devi-Rakesh Kumar, Sarita-Shyam Sundar Swami - Mixed team Compound Open (Ranking Round) - 8:30 PM onwards Harvinder Singh-Pooja - Mixed team Recurve Open (Ranking Round) - 8:30 PM onwards <h2>6. Para-Taekwondo</h2>Aruna - Women K44 - 47kg - 8:30 PM onwards <h2>7. Para-badminton</h2>Nitesh Kumar/Murugesan Thulasimathi - Mixed Doubles SL3-SU5 (Group play) - Not before 10:10 PM Suhas Lalinakere Yathiraj/Palak Kohli - Mixed Doubles SL3-SU5 (Group play) - Not before 10:50 PM Hopes are high as India is expecting that these performances could result in India's best-ever medal tally in Paralympics.

India's Schedule At Paris Paralympics 2024, August 29

<keyword id="19898516" type="General" weightage="100" keywordseo="Intel" source="keywords" meta.keywordsubtype="org" meta.entityname="Intel" meta.hostid="261" meta.entityid="Intel">Intel</keyword>, known for its microprocessor chips that power most computers, recently announced that it will be cutting down 15 percent of its workforce after reporting a loss of USD 1.6 billion in the quarter that ended recently. This decision of the company could impact as many as 19,000 employees, a report in The Verge says. This move is part of a broader strategy to streamline operations and address financial challenges made worse by more competition in the AI chip market. <h2>Intel announces decision to lay off employees</h2>Intel’s <a href="https://www.businessinsider.in/careers/news/the-full-list-of-major-us-companies-slashing-staff-next-year-from-nike-to-intel/slidelist/106798798.cms" data-type="tilCustomLink" target="_blank">decision to lay off employees</a> comes at a time when the company is struggling to maintain its leadership in the chip-making sector. The company’s stock plummeted over 20 percent following the announcement, reflecting investor concerns about its future. As mentioned already, Intel has faced stiff competition, particularly in the AI sector. Rivals like <a href="https://www.businessinsider.in/stock-market/news/nvidia-stock-tumbles-as-ai-chip-competition-heats-up/articleshow/109174332.cms" data-type="tilCustomLink" target="_blank">Nvidia </a>and Advanced Micro Devices (AMD) have gained market share with their innovative products tailored for data centers and AI applications. <h2>Intel CEO sends memo to employees about layoffs</h2>The Verge reports that <keyword id="21042302" type="General" weightage="20" keywordseo="Intel-CEO-Pat-Gelsinger" source="keywords">Intel CEO Pat Gelsinger</keyword> shared a memo with employees in which he described the news as “painful”. In the memo, he also added that this was the “hardest thing” that he had to do in his career. “We have moved our All Company Meeting to today, following our earnings call, as we are announcing significant actions to reduce our costs. We plan to deliver $10 billion in cost savings in 2025, and this includes reducing our head count by roughly 15,000 roles, or 15% of our workforce. The majority of these actions will be completed by the end of this year. “This is painful news for me to share. I know it will be even more difficult for you to read. This is an incredibly hard day for Intel as we are making some of the most consequential changes in our company’s history,” Gelsinger wrote as per The Verge. "My pledge to you is that we will prioritise a culture of honesty, transparency, and respect in the weeks and months to come,” he added. Gelsinger took over as Intel CEO in early 2021 and has been on a mission to revitalise the company ever since. Some of the biggest changes he made include the introduction of a new plan called IDM 2.0, which included building many new factories in the West and boosting its business of making chips for other companies. <h2>What’s next for Intel?</h2>To conserve cash and streamline operations, Intel will suspend its quarterly dividend in the fourth quarter. The company will also reduce layers of management, eliminate overlapping responsibilities, and halt non-essential work. These measures are expected to drive efficiency and cost savings, helping Intel navigate its financial challenges.

You Searched For "August" and got 11 results

Top 10 selling cars in India in August 2024

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FADA urges banks to tighten funding to dealers as rains play spoilsport in August

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Top international getaways from India for this August long weekend

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Xiaomi emerges as the world’s second-biggest smartphone brand in August

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Plan the perfect August 2024 long weekend: Getaways from Delhi, Mumbai, and Bengaluru

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Upcoming cars launching in India in August 2024

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Upcoming smartphones launching in India in August 2024

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'Painful news to share' says Intel CEO Pat Gelsinger as company prepares to lay off thousands of employees

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