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Indian Oil Q3 Results: Profit Falls 21% As Expenditure Jumps

Indian Oil’s profit fell on increase in raw material and finance costs, and higher taxes.

Sameer Bhardwaj
An Indian Oil Corporation petrol station is pictured in New Delhi, India. (Photographer: Amit Bhargava/Bloomberg News)

Indian Oil Corp.’s quarterly profit fell on higher raw material and finance costs, and an increase in higher taxes.

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Govt Receives Air Force's Proposal For Buying 114 'Made-In-India' Rafale Jets

  • chevron-double-right Indian Air Force proposed acquiring 114 Made-in-India Rafale fighter jets to Defence Ministry
  • chevron-double-right The deal may be worth over Rs 2 lakh crore with more than 60% indigenous content
  • chevron-double-right Rafale jets will be built by Dassault Aviation alongside Indian aerospace firms
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