India's Maruti Suzuki Q3 profit doubles, first rise in 6 qtrs

NEW DELHI Fri Jan 25, 2013 2:07pm IST



NEW DELHI Jan 25 (Reuters) - Maruti Suzuki India Ltd , India's biggest carmaker by sales volume, said its third quarter profit more than doubled, its first increase in 18 months after a torrid period marked by a strike, plant shutdowns and a demand slowdown.

Maruti, controlled by Japan's Suzuki Motor Corp, said profit for the Oct-Dec quarter was 5.01 billion rupees ($93.30 million), up from 2.05 billion rupees in the same quarter of 2011. Sales rose 46 percent to 109.57 billion rupees. ($1 = 53.6950 Indian rupees) (Reporting by Anurag Kotoky; Editing by Daniel Magnowski)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.