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India, US hit upon Indian Ocean natural gas discovery

  AFP Scientists from India, the United States and Japan have struck upon a large natural gas deposit in the Bay of Bengal, the first potentially producible discovery of its kind in the Indian Ocean. A research expedition carried out jointly by the three countries discovered the natural gas hydrate — an ice-like form of the fuel — off India’s ...

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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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