ONGC Videsh Ltd Q1 profit jumps 72% to R837 crore
New Delhi: ONGC Videsh Ltd, the overseas arm of state-owned ONGC, on Sunday reported a 72 per cent jump in its net profit in the June quarter on the back of higher crude oil and natural gas output. Net profit in April-June quarter rose to Rs 837 crore from Rs 487 crore in the same period a year ago.
Boeing’s Nagpur MRO to open by December
Mumbai: The much-delayed $100 million MRO (maintenance, overhaul and repair) facility, which is being jointly set up by Air India and US aircraft major Boeing at the Mihan SEZ in Nagpur is likely to be functional by the year end. “In all likelihood, the first flight from the MRO should take off by December,” a source at Maharashtra Airport Development Company said.
Indian spices under scanner in US
New Delhi: The US Food and Drug Administration (FDA) has put nearly 200 India-based firms on its 'red list' due to presence of Salmonella bacteria in the spices and other food products exported by them to the US between 2009 and 2013. The spices include capsicum, cumin, ground coriander, turmeric, celery, and pepper
Foreign investors pull out $2.5 bn in August
New Delhi: Overseas investors have pulled out nearly Rs 16,000 crore (about $2.5 billion) from the Indian capital markets in August amid concerns over the depreciating rupee, Sebi data said. PTI