Maruti Suzuki’s Q4 profit dipped by 4.3%, missing estimates, despite higher revenue. Expenses increased during the quarter. However, the company achieved a record annual profit. Maruti Suzuki sold a record number of vehicles this quarter. Domestic sales saw modest growth, while exports rose. The company anticipates export growth to drive future performance.
India Inc reduced overseas bond issues on local liquidity, rupee fall
Indian companies scaled back overseas bond issuances as improved domestic liquidity and a weaker rupee made local fundraising more attractive.