Toyota to post its 5th straight profit drop Business

Toyota to post its 5th straight profit drop

Toyota is forecast to post a fifth straight quarterly operating profit decline this week, hit by weaker vehicle sales and rising costs, as investors gauge the impact of last week’s earthquake in southern Japan. The world’s biggest automaker is expected to report 1.11 trillion yen ($7.04 billion) in profit for the ⁠April-June quarter on Tuesday, […]

India to remain OMIFCO’s largest export market post IPO Business

India to remain OMIFCO’s largest export market post IPO

Muscat: India is set to remain the principal destination for urea exports from Oman India Fertiliser Company (OMIFCO) following its landmark initial public offering (IPO), according to details disclosed in the company’s prospectus. The prospectus highlights OMIFCO’s long-standing strategic role in supporting India’s fertiliser requirements and outlines new arrangements that will secure substantial export volumes […]