Seven new companies carved out of the erstwhile Ordnance Factory Board (OFB) have shown a significant turnaround, posting healthy profits after tax three years after corporatisation. Defence minister Rajnath Singh directed the companies to focus on research and development to meet future demand, resulting in profits of ₹1,549 crore, expected to grow by over 15% this year. The corporatisation process, overseen by Singh, successfully transformed the previously loss-making entities into profitable ventures with growing order books, marking a substantial shift from their past financial performance.
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Iowa Speedway corn drawing leaves lasting impression on analysts, drivers
For the second consecutive year, Iowa Speedway showcased a seven-acre corn drawing reading "I-O-W-A C-O-R-N," created by John Deere, to enhance the racing experience during the NTT IndyCar and NASCAR Cup Series events. The venue, known for its agricultural identity, features corn-themed elements and highlights Iowa's status as the top corn and ethanol producer in the U.S. Want More Context? 🔎
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