Top Indian carmaker Maruti Suzuki posts first jump in sales in nine months

New Delhi: Maruti Suzuki India Ltd, India’s biggest carmaker, posted sales that rebounded for the first time in nine months in October, coinciding with the peak of the local festival season. Total sales rose 4.5 per cent to 153,435 vehicles last month, the Suzuki Motor Corp unit said in a statement to the stock exchanges. […]

Saudi Arabia to cut spending as private sector growth picks up

Riyadh, Dubai: Saudi Arabia plans to gradually reduce government spending as private-sector growth picks up and businesses take the lead, Finance Minister Mohammed Al-Jadaan said on Thursday. Spending is expected to fall from about 1.05 trillion riyals ($280 billion) this year to 1.02 trillion riyals in 2020, then to 955 billion riyals by 2022, according […]

Nissan names CFO, shuffles executives as new CEO takes over

Tokyo: Nissan Motor Co. unveiled the responsibilities of its new top managers, appointing a new chief financial officer and making other executive moves as the Japanese automaker seeks to turn a new page almost a year since the arrest of former Chairman Carlos Ghosn. Stephen Ma, corporate controller and former chief financial officer of Nissan’s […]