Economy

Business

Roving Periscope: After PM Modi’s austerity appeal, Kotak warns of the “shock” ahead

May 12, 2026 revoi editor

Virendra Pandit New Delhi: After Prime Minister Narendra Modi’s appeal to the people, twice in two days, to take some austerity measures, leading banker Uday Kotak on Tuesday warned that the global economy is on the verge of a significant “shock” as the delayed consequences of the prolonged US-Iran war are set to kick […]

Business

PM Modi to visit UAE, Netherlands, Sweden, Norway and Italy from May 15-20

May 12, 2026 revoi editor

New Delhi: Prime Minister Narendra Modi will embark on a five-nation visit to the United Arab Emirates, Netherlands, Sweden, Norway and Italy from May 15 to 20, with a focus on strengthening trade, investment, technology and strategic cooperation with Europe and the Gulf region. The Ministry of External Affairs (MEA) said the Prime Minister’s upcoming […]

Business

Sensex, Nifty open lower amid crude spike, geopolitical tension

May 12, 2026 revoi editor

New Delhi: Indian equity benchmarks traded lower on Tuesday for the second consecutive day in morning trade, with both indices declining around 0.5 per cent amid geopolitical tensions. Sensex declined as much as 0.62 per cent or 474 points to trade at an intraday low of 75,541 in early trade, while Nifty was seen trading […]

Business

Global-AI rally pauses as Middle East ceasefire goes on ‘life support’

May 12, 2026 revoi editor

New Delhi: Oil crept higher and the dollar rose on Tuesday as hopes faded for a deal to get ships moving through the Strait of Hormuz, while a red-hot chip rally in chip stocks cooled and traders waited on U.S. inflation figures. U.S. President Donald Trump said the ceasefire with Iran was “on life support” […]

Economy

Peace deal hopes fade after Trump rejects ‘garbage’ Iran proposal

May 12, 2026 revoi editor

New Delhi: Hopes for a peace deal on Iran faded on Tuesday after Donald Trump said a ceasefire with Iran was “on life support” as Tehran rejected a U.S. proposal to end the conflict and stuck to a list of demands the U.S. president described as “garbage”. Iran has called for an end to the […]

Economy

Odisha CM Unveils Tourism-Focused ‘Orange Economy’ Vision for Employment

May 11, 2026 revoi editor

New Delhi: Odisha Chief Minister Mohan Charan Majhi on Monday said his government is focused on generating employment opportunities for local people through tourism development by promoting the “Orange Economy,” or a culture-based economy, in the state. CM Majhi was speaking at a special event at the shrine of the Lord Lingaraj Temple here, on […]

Business

Roving Periscope: Even on ‘peace proposals’ the US clashes with Iran!

May 11, 2026 revoi editor

Virendra Pandit New Delhi: See the irony: on the 73rd day of the West Asian war, the US and Iraan clashed over the latest ‘peace proposals,’ which President Donald Trump found “totally unacceptable,” and, as is his wont, reiterated his threats and warnings to Tehran umpteenth time. Diplomatic efforts to forge a peace deal […]

Economy

Hungary to review Paks nuclear plant expansion, ministerial nominee says

May 11, 2026 revoi editor

New Delhi: Hungary will review the financing and implementation of the Pakistan’s nuclear power plant expansion project, the nominee for economy and energy affairs minister said on Monday, as the new government laid out its strategy after a landslide election win. The 12.5-billion-euro ($14.7 billion) project to expand the 2-gigawatt Paks nuclear power plant with […]

Business

Sensex, Nifty End Lower Amid Rising Middle East Tensions

May 11, 2026 revoi editor

New Delhi: Indian benchmark equity indices ended lower on Monday as investor sentiment weakened amid rising concerns over the impact of the ongoing West Asia conflict on global growth and inflation. At the closing bell, the Nifty was down by 360.3 or 1.49 per cent at 23,815.85, and the Sensex ended 1312.91 points or 1.70 […]

Business

Economy: BMI forecast India’s growth lower at 6.7% in FY27

May 11, 2026 revoi editor

Virendra Pandit New Delhi: With no end in sight to the ongoing West Asian war, its impact on global economies and energy security, and Prime Minister Narendra Modi’s appeal to Indians to observe austerity, India’s economic growth is likely to decelerate in the current financial year, the media reported on Monday. BMI, a Fitch […]