Vivo India: The company, under investigation for allegedly remitting large amounts of its revenue to its Chinese parent to allegedly avoid paying taxes, reported its second highest profits on the back of Rs 29,874.90 crore as revenue from operations in FY23, as compared with Rs 26,971.11 crore in FY22. The company is also being investigated for alleged violations of the Prevention of Money Laundering Act (PMLA) by the Enforcement Directorate.