Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
For someone who inherited a profitable liquor business at 27 and could make it grow, Vijay Mallya showed exceedingly poor judgment and business sense in getting into the brutally competitive airline business without doing his homework, insisting on running it his way, getting drawn deeper into a quagmire of leverage. There has been an element – or a great deal of it – of wrongdoing in the mountain of NPAs that we now see, overinvoicing of imports of capital goods, diversion of funds, but with his over the top lifestyle and indulgences, Vijay Mallya has given the entire business class a bad name.
Mallya is better than Nirav modi and Mehul choksi in fact better than Anil Ambani. Anil has managed to get Modi blessings so he is able to survive despite bankruptcy.
For someone who inherited a profitable liquor business at 27 and could make it grow, Vijay Mallya showed exceedingly poor judgment and business sense in getting into the brutally competitive airline business without doing his homework, insisting on running it his way, getting drawn deeper into a quagmire of leverage. There has been an element – or a great deal of it – of wrongdoing in the mountain of NPAs that we now see, overinvoicing of imports of capital goods, diversion of funds, but with his over the top lifestyle and indulgences, Vijay Mallya has given the entire business class a bad name.
Mallya is better than Nirav modi and Mehul choksi in fact better than Anil Ambani. Anil has managed to get Modi blessings so he is able to survive despite bankruptcy.