Indian Oil’s quarterly profit decay 52% due to inventory losses, low fuel prices

Indian Oil Corporation (IOC) on Tuesday reported a 52 percent decline in fourth quarter profit as the company sold fuel below market prices due to inventory losses. While India is the world’s third-largest oil importer and consumer, Indian Oil controls about a third of India’s five million barrel-per-day refining capacity with its unit Chennai Petroleum….

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Tata Motors Expands Presence: New Commercial Vehicle Spare Parts Warehouse Inaugurated in Guwahati

Tata Motors, India’s largest commercial vehicle manufacturer, announced the inauguration of a new commercial vehicle spare parts warehouse in Guwahati. The state-of-the-art facility is fully digitalised and spans across 1 lakh square feet, stocking spare parts for the entire commercial vehicle portfolio. The addition of the new facility will enable the company faster turnaround times…

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