-Imperial Energy, the Russia-focused oil firm that India’s Oil and Natural Gas Corporation (ONGC) acquired recently, is likely to post its maiden cash profits next financial year as it ramps up output
–UPDATE: Jet pilots’ stir continues, 230 flights cancelled. Pilots have indicated that they would continue their agitation against sacking of two of their colleagues after no headway was made in the discussions between the two sides till late last night with the protestors also insisting that their trade union rights cannot be curtailed. Businessworld
-India’s exports slid for the 11th straight month in August by 19.7 per cent to $14.3 billion owing to the continuing slump in global demand.In August 2008, the exports were $17.8 billion. “Sectors which continue to be in deep trouble are leather, gems and jewellery, drugs and pharmaceuticals both in monthly and cumulatively for the last five months,” says Commerce Secretary Rahul Khullar .- Businessworld
-BHEL wins order worth Rs990cr
- India Inflation for the week ended August 29 was at -0.12%
-L&T wins four orders for steam generators for Nuclear Power Corp
-IVRCL Infra wins order worth Rs557cr from the Government of Maharashtra.
