Qatar Airways Group has announced its most successful financial year in its 27-year history, reporting a record net profit of QAR6.1 billion (US$1.7 billion) for the 2023/24 fiscal year. The airline attributes its success to a focus on customer experience, innovation, digitalization, and sustainability, leading to a significant increase in passenger numbers and revenue.
On May 24, various significant events occurred in India, covering business, politics, and criminal investigations. E-commerce giant Flipkart announced the addition of Google as a minority investor, while Hindalco reported a 32% increase in its quarterly net profit. In other news, the Pune Police revealed an attempt to frame a family driver in a car accident case. Additionally, the Ministry of External Affairs issued a notice to JD(S) MP Prajwal Revanna in connection with a sexual harassment case. India’s crude oil imports rose by 7% year-on-year, contributing to the net import bill’s increase. The S&P BSE announced changes to the Sensex index, replacing Wipro with Adani Ports and Special Economic Zones. Furthermore, the Delhi Police detained a key suspect in the Dombivali boiler blast case, and a Delhi court sent the personal secretary of Delhi Chief Minister Arvind Kejriwal to judicial custody for allegedly misbehaving with AAP MP Swati Maliwal.
Reliance Jio Infocomm, the telecom arm of Reliance Industries, reported a 13.2% rise in fourth-quarter profit on Monday, driven by a surge in subscriber additions. The company’s net profit climbed to 53.37 billion rupees ($640.2 million) in the January-March quarter compared to 47.16 billion rupees in the same period last year.
