The Chennai, Tamil Nadu-based company reported a profit before exceptional items and tax of 5.22 billion rupees ($61.14 million) for the fourth-quarter ended March 31, compared to 3.81 billion rupees last year. Redington primarily generates revenue from the sale of smartphones, computers, and other hardware products. Redington's revenue from operations rose nearly 18% to 264.40 billion rupees, driven by deeper penetration in the South Asian markets and expansion in African markets.
Brazil government not considering specific aid for airline Azul, minister says
Brazil's government is not considering providing specific aid for Azul as the airline faces financial hurdles, but money from a local fund will soon be available for carriers, tourism minister Celso Sabino said on Monday. The so-called "national aviation fund" is set to be ready in the first half of 2025, Sabino said, adding the move would make "billions of reais" available to local airlines.
Reuters
•
41 minutes ago
Weak currency, labour reforms and passenger compensation costs dragged Indigo's earnings.
Shares of China's Xiaomi were set to rise 2.3% on Wednesday after it reported a record first-quarter revenue and profit and said…
NEW DELHI: Budget airline IndiGo posted slower first-quarter revenue growth on Wednesday, weighed down by subdued demand…
Azul's move would follow in the footsteps of Aeromexico, Colombia-based Avianca and its two largest rivals, Gol and LATAM…
Brazil's government is not considering providing specific aid for Azul as the airline faces financial hurdles, but money from a…
Signaling rising global interest in India’s data‑center sector, Bharti Airtel has attracted private‑equity interest as it seeks…
