Bloomberg Singapore is creating a S$1 billion ($718 million) fund to help innovative companies develop their businesses and expand overseas, part of the city state’s drive to boost economic growth. The Makara Innovation Fund — a collaboration between the Intellectual Property Office of Singapore and local private equity firm Makara Capital — will invest S$30 to S$150 million each …

  Bloomberg Maruti Suzuki India Ltd.’s decision two years ago to start a separate network of premium showrooms is starting to pay off, as India’s biggest automaker reaps higher sales of more expensive models. The unit of Japan’s Suzuki Motor Corp. said an increase in share of “higher-segment models” and running factories at full capacity helped boost net income by …

  Bloomberg PayPal Holdings Inc. CEO Dan Schulman is getting investors to embrace his strategy of converting the online payments platform into a digital wallet, even if it requires deal-making that may diminish profit margins. The company reported first-quarter results that showed Schulman’s strategy is working and raised its annual forecast. Sales and profit topped analysts’ projections as PayPal added …