Top 10 business headlines: Core sector growth slump, CSR fears & more

From govt softening stance on time frame for transition to EVs to CCD board probing V G Siddhartha's transactions, here are the top business headlines on Thursday

1) Core sector growth at 50-month low in June; 4 out of 8 sectors contract

Growth in the eight core sectors of the economy collapsed to 0.2 per cent in June — a staggering 50-month low — dragged down by major contraction in the energy segment and weak performance across industries.

The data released by the commerce and industry ministry on Monday showed that coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity industries saw the rate of growth take a sudden hit in June after a slight dip in May when it was 4.3 per cent.