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Maruti net rises 23% as India top seller seizes on SUV boom

  Bloomberg Maruti Suzuki India Ltd.’s profit climbed 23 percent as demand for its Vitara Brezza sport utility vehicle led a more than doubling of sales in India’s fastest-growing segment. Net income in the quarter through June rose to 14.9 billion rupees ($221 million) from 12.1 billion rupees a year earlier, the New Delhi-based unit of Suzuki Motor Corp. said ...

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Politicians must protect Central Bank independence: Rajan

  Bloomberg Governments around the globe must protect the independence of central banks to ensure sustainable economic growth, Reserve Bank of India Governor Raghuram Rajan said on Tuesday. The former International Monetary Fund chief economist said that central banks are under fire from criticism that is unsupported by evidence. He cited attacks against the Bank of England over Brexit, the ...

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Chinese army bans Hong Kong’s Pokemon players from barracks

  AFP The Chinese army garrisoned in Hong Kong has warned people searching for Pikachu and other virtual monsters to stay off their premises, as Pokemon Go mania sweeps the smartphone-obsessed city. The gaming app landed on Monday in Hong Kong and saw residents more glued to their phones than ever, searching for the cyber creatures in locations ranging from ...

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