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CNNMoney is CNN’s unique business website with business, markets, know-how, media, luxury, personal finance and small business news. Latest business news in a reside business news feed, together with updates on company, monetary and economic news, plus analysis of UK and global markets. As per Indian accounting standards, X’s India arm recorded a Rs 44 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.

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