Bloomberg Maruti Suzuki India Ltd posted its lowest quarterly profit since fiscal 2016, caught in the Indian auto market’s worst ever sales slowdown. The Suzuki Motor Corp unit reported net profit of 13.6 billion rupees ($190 million) in the three months ended on September 30, down 39% from 22.4 billion rupees a year earlier. That still beat forecasts: analysts on ...

Bloomberg Citigroup Inc and ICICI Securities Ltd are among banks selected for UTI Asset Management Co’s planned initial public offering in Mumbai, according to people familiar with the matter. HSBC Holdings Plc, SBI Capital Markets Ltd and Kotak Mahindra Bank Ltd are also picked to arrange the Indian mutual fund’s share sale, said the people, who asked not to be ...

Bloomberg Indonesia’s budget deficit is set to widen this year as a weakening economy puts pressure on government revenue, Finance Minister Sri Mulyani Indrawati said. The manufacturing sector is struggling and commodity prices have dropped significantly, Indrawati told reporters Thursday in Jakarta. She said she’d issued a decree that would allow the government to widen the 2019 deficit and borrow ...