US economy grows at 3.7% in second quarter

Washington
The US economy grew much stronger than first estimated in the second quarter, at an annual rate of 3.7%, the Commerce Department reported on Thursday. The number for gross domestic product was initially reported at 2.3% on July 30. AFP

New Delhi
Vedanta to shut Odisha unit, lay off 2,000 jobs

Vedanta Aluminium on Thursday said it has started the closure process of one of its production stream, which will lead to the Lanjigarh facility's output declining to half and impacting up to 2,000 jobs. The company said the collapse in aluminium prices and lack of bauxite availability from Odisha had forced it to opt for a gradual closure of its Lanjigarh facility in the state. PTI

Mumbai
DLF stock up 3% after CCI rejects complaint

Shares of DLF on Thursday settled for the day with gains of over 3% after Anti-trust regulator CCI rejected a complaint against the realty major related to a project in the national capital. PTI

New Delhi
ONGC gets 1-year extension for Vietnam block

ONGC on Thursday said it has received a one-year extension to explore in a Vietnam oil block in the contested waters of the South China Sea. It had in May applied to the Vietnamese authorities for a third extension of the exploration licence for deepsea Block 128 to maintain India's strategic interest in the South China Sea. PTI