Maruti Suzuki Q1 Results: Net profit drops 9% as margin pressure offsets revenue growth; post-record sales

Maruti Suzuki reported a 9.1% YoY decline in profit to ₹3,446.9 crore despite a 35.9% increase in revenue to ₹52,469 crore. Higher input costs and expenses pressured profitability, leading to a price hike of up to ₹30,000 across its vehicle range. India’s largest passenger vehicle maker, Maruti Suzuki India Ltd, reported a muted set of…

Global oil prices up 3% as Iran war escalates, Yemen’s Houthis launch attacks on Israel

Crude oil rose over 3% as Yemen’s Houthis launched missile and drone attacks on Israel, raising fresh supply concerns at key global choke points and heightening risks for import-dependent India. International crude oil prices rose more than 3% on Monday morning as the West Asia war escalated, with Yemen’s Houthi militants opening a new front…