Bloomberg Toyota Motor Corp. reported Thursday a 14.5 percent drop in profit for the fiscal first quarter as sales fell and a strong yen slashed earnings for the Japanese automaker. Two powerful quakes in southwestern Kumamoto in April that had disrupted production also hurt results. Toyota’s April-June profit totaled 552.4 billion yen ($5.4 billion), down from 646.3 billion yen …

  Bloomberg India’s biggest electricity producer plans to fuel a proposed power project on the country’s southern coast with domestic coal, switching from its original plan to use overseas supplies equivalent to almost 9 percent of this year’s forecast imports. The state-owned company NTPC Ltd. made the decision after the federal power ministry and the state government of Andhra Pradesh, …

  BLOOMBERG South Korea’s Hollys Coffee, which popularized 430-calorie sweet potato lattes as an unusual alternative in the caffeine-addicted country, has started looking for a new owner. Buyout firm IMM Private Equity Inc. has kicked off an auction of its controlling stake in the homegrown cafe chain, which it is seeking to sell for as much as $300 million, according …