HYDERABAD: State-run iron ore miner NMDC Ltd on Wednesday said it has clocked a 68% jump in profit after tax (PAT) for the third quarter ended December 31, 2023, at Rs 1,492 crore as compared to Rs 890 crore in Q3 of FY23.This was on 45% rise in turnover to Rs 5,410 crore in Q3FY24 … Read more
KOLKATA: Darjeeling tea production is estimated to have declined to 6.1-6.3 million kg in 2023, which industry veterans said could be the lowest “normal year output” in over 50 years. Compared to 6.9 million kg in 2022, production is estimated to at least 9% lower.Between January and November, production is estimated to have been around … Read more
NEW DELHI: Manufacturing activity in the country slowed to an 18-month low in December as the rate of expansion of new orders softened, but overall, it remained robust and business confidence continued to stay strong for the months ahead, a survey showed on Wednesday.HSBC’s India manufacturing purchasing managers index (PMI) slowed from 56 in November … Read more
NEW DELHI: Flagship explorer ONGC recorded a 20% decline in its second quarter net profit at Rs 10,216 crore compared to Rs 12,826 crore a year ago as a drop in global oil prices coincided with marginally lower production during the July-September period.Company director (finance) Pomila Jaspal said lower crude prices reduced earning from each … Read more