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...

Dilip Shanghvi of Sun Pharmaceuticals, with a net worth of $ 21.5 billion, surpassed Mukesh Ambani as the world’s richest Indian, few days after the Reliance Industries Ltd. chief was ranked India’s wealthiest for the eighth consecutive year

In line with his promise that India will not levy any tax with retrospective effect, finance minister Arun Jaitley announced that the government would delay by two years the implementation of the planned General Anti-Avoidance Rules (GAAR),...



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