Budget airline IndiGo drastically reduces its losses

India’s budget airline IndiGo has reported a loss of £106.43 million in the April-June 2022 quarter, down by almost two-thirds from a loss of £317.42 million in the same period last year. Record high jet fuel prices and a weaker rupee meant...

Increased revenue reduces Vodafone Idea loss

India's telecom service provider Vodafone Idea (VI) has reported its consolidated loss to £729.7 million for the June quarter. It is a marginal narrowing as compared to £7,31.9 million loss reported year-ago period, as tariff hikes boosted its...

India’s exports dipped for the first time since February 2021 as some of the checks imposed by the government to increase domestic supply took a toll on shipments out of the country. This pushed up the trade deficit to a new record of $31 billion...

SpiceJet promoter Ajay Singh is now in talks with multiple players - including a Middle Eastern carrier and a big Indian conglomerate - for stake sale to raise funds for the struggling-to-survive budget airline, which urgently requires re-capitalisation...



to the free, weekly Asian Voice email newsletter