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Growth forecast: RBI projects FY27 GDP at 6.9%; hikes retail inflation to 4.6%

April 8, 2026 revoi editor

Virendra Pandit New Delhi: The Reserve Bank of India (RBI) on Wednesday forecast GDP growth projection for FY27 at 6.9 percent compared to 7.6 percent expected in FY26, the media reported. The central bank also raised the inflation projections for FY27 to 4.6 percent from the earlier 4.2 percent. RBI Governor Sanjay Malhotra said […]

Business

Ceasefire: Crude oil futures crashes 6%, hit lower circuit

April 8, 2026 revoi editor

Virendra Pandit New Delhi: With the US, Israel, and Iran agreeing to a two-week ceasefire proposal in West Asia, crude oil prices retreated sharply on Wednesday, crashing by 6 percent to hit their lower circuit level in futures trade, the media reported. On the Multi Commodity Exchange (MCX), crude oil futures for the April […]

Business

Roving Periscope: Another TACO leads to potential ceasefire in West Asia—for two weeks

April 8, 2026 revoi editor

Virendra Pandit New Delhi: In 2025, Financial Times columnist Robert Armstrong coined the financial acronym “TACO” to describe the trade strategy and market reaction to US President Donald Trump’s mercurial trade and tariff policies: Trump Always Chickens Out. It referred to the pattern of announcing severe tariffs, causing market dips, and then reversing or delaying […]

Business

Markets: With W. Asian peace prospects, Indian equity markets jump nearly 4%

April 8, 2026 revoi editor

Virendra Pandit New Delhi: With US President Donald Trump postponing his “stone age” threat against Iran to two weeks, Indian equity markets jumped nearly 4 four percent on Wednesday, as the Reserve Bank of India held repo rate at 5.25 percent and maintained a neutral stance. Meanwhile, the volatility index declined sharply by 21 […]

Business

Adani Group Announces ₹33,000 Crore Investment Blitz in Odisha; Karan Adani Vows to Build Legacy Infrastructure

April 8, 2026 revoi editor

BHUBANESWAR: In a landmark move that signals a massive leap for Eastern India’s industrial landscape, the Adani Group today broke ground on three mega-projects in Odisha, representing a staggering total investment of ₹33,081 crore. Addressing a high-powered gathering including Chief Minister Shri Mohan Charan Majhi and Industries Minister Shri Sampad Charan Swain, Karan Adani, Managing […]

Business

Adani wins US court hearing in push to throw out SEC fraud suit

April 8, 2026 revoi editor

New York, Apr 8: A US judge granted a request from billionaire Gautam Adani to schedule a hearing in his effort to dismiss a US Securities and Exchange Commission fraud case, which he says lacks necessary jurisdiction as well as fails on multiple reasons. This followed lawyers of Adani and his nephew, Sagar filing a […]

Business

Adani moves US court seeking dismissal of SEC fraud case, says lawsuit lacks jurisdiction

April 8, 2026 revoi editor

New York, Apr 7 : Billionaire Gautam Adani and his nephew Sagar Adani have asked a US court to dismiss a securities fraud lawsuit brought by the US Securities and Exchange Commission, arguing the case falls outside the US jurisdiction and fails to establish any wrongdoing. In a pre-motion letter filed ahead of a planned […]