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ONGC posts 20% drop in quarterly profit
Credit: IndiaTimes- Published on November 10, 2023
State-run Oil and Natural Gas Corp (ONGC) on Friday posted a more than 20% drop in second-quarter profit, dragged down by lower prices for crude oil. Crude prices have fallen more than 35% from their peak in the September quarter last year amid economic uncertainties and easing concerns over supply. The company's profit fell to...