Maruti Suzuki India Ltd., the nation’s biggest carmaker by market share, reported net income that missed analyst estimates as it sold fewer vehicles and spent more on sales promotion. The shares fell.
– Infosys Ltd. forecast full-year sales growth that beat analyst estimates as India’s second- largest software-services exporter cut costs and won more outsourcing contracts. The shares rose.
Maruti Suzuki India Ltd., the country’s biggest carmaker by volume, said it will recall 103,311 vehicles from today to replace their “fuel filler necks,” after it noticed a potential fuel leak risk.
India’s finance minister signaled more policy changes to revive economic growth and said steps are being taken to stabilize the nation’s currency as it resumed a slide near a record low.
India’s credit-rating outlook was revised to stable from negative by Fitch Ratings, following a nine-month policy push by the government to pare the nation’s budget deficit and revive economic growth.