Delhi-based start-up Indo Petroleum Marketing (IPM) has begun its pan-India operations in Assam after being granted fuel retail marketing authorization by the Ministry of Petroleum and Natural Gas. IPM aims to set up five outlets in rural areas of Assam and plans to establish petrol pumps nationwide. This makes IPM the first Ministry-authorized start-up private oil marketing company (OMC) to begin operations.
Despite witnessing a late recovery in September, domestic pharma sales moderated sequentially in Q2, which is likely to put pressure on the July-September earnings of drugmakers