Indus said one of its large customers (Vodafone Idea), which accounts for a substantial part of revenue and receivables, has cleared all undisputed overdue amounts in March 2025, resulting in a significant reduction in the allowance for doubtful receivables. As a result, the fiscal fourth-quarter results reflected a write-back of Rs 226 crore in the provision for doubtful receivables.
Oil hits five-month high after US hits key Iranian nuclear sites
Oil prices surged to a multi-month high after the U.S. joined Israel in strikes against Iran’s nuclear facilities, escalating Middle East tensions. Concerns are mounting
June 23, 2025