CNNMoney is CNN’s unique business site with business, markets, know-how, media, luxurious, private finance and small business news. Latest business news in a stay business news feed, together with updates on firm, financial and economic news, plus analysis of UK and international markets. As per Indian accounting requirements, X’s India arm recorded a Rs forty four crore loss in FY22. The additional loss was related to share-based compensation costs that the corporate needed to bear. In July 2022, the Ministry of Electronics and Information Technology revealed that X had 23.6 million customers in India, making it the platform’s third-largest market.

“The main distinction in 2022 was that there was a quick fix within the form of a new prime minister,” Bill stated, referring to the exit of Liz Truss after the market chaos that adopted her mini-budget drove up mortgage charges. Nevertheless, the scale of price falls has been “modest”, …

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