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...

Air Pegasus, India’s ninth airline carrier got Directorate General of Civil Aviation’s approval to commence its operations. The airline is based in Bengaluru and is the third new airline in a year to take off in the Indian skies after AirAsia...



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