Economy

Business

Gold surges 1.83 pc this week amid persistent tensions in Strait of Hormuz

May 9, 2026 revoi editor

New Delhi: Gold prices rose 1.83 per cent during the week over persistent geopolitical uncertainty and volatile crude prices. On Friday, MCX gold June futures gained 0.04 per cent while MCX silver May futures surged 1.34 per cent. Currently gold futures stand at Rs 1,52,589, while silver futures at Rs 2,61,999 per kg. The price […]

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Economy

Financial inclusion: 3 Jan Suraksha Schemes reach 94.5 crore in cumulative enrolments

May 9, 2026 revoi editor

New Delhi: Three Jan Suraksha Schemes, which completed 11 years of providing social security cover, have reached 94.5 crore in cumulative enrolments, the government said on Saturday. Launched on May 9, 2015 by Prime Minister Narendra Modi, the schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal […]

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Business

Sensex, Nifty end lower as US-Iran tensions weigh on market sentiment

May 8, 2026 revoi editor

New Delhi: Indian benchmark indices ended lower on Friday as renewed tensions between the United States and Iran dampened investor sentiment and triggered caution across sectors. The selloff was largely led by banking stocks, while gains in IT shares helped limit the downside. The Nifty ended 150.50 points or 0.62 per cent down at 24,176.15 […]

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Economy

India pushes stronger BRICS MSME cooperation under its 2026 chairship

May 8, 2026 revoi editor

New Delhi: India has begun advancing a renewed agenda for micro, small and medium enterprise (MSME) cooperation under its 2026 chairship of BRICS, with a focus on improving access to finance and strengthening collaboration among member nations. As part of its leadership role under the BRICS Partnership on the New Industrial Revolution (PartNIR), Ministry of […]

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Economy

No wheat glut in Punjab mandis, procurement and lifting better than last year: Centre

May 8, 2026 revoi editor

New Delhi: The Centre on Thursday rejected claims of a “glut-like” situation in wheat mandis of Punjab, asserting that procurement, lifting and evacuation operations during the ongoing Rabi Marketing Season (RMS) 2026-27 are progressing more efficiently compared to last year. The clarification came in response to a media report which alleged that delays in wheat […]

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Economy

RBI announces result of underwriting auction for Rs 34,000 crore government securities

May 8, 2026 revoi editor

New Delhi: The Reserve Bank of India (RBI) on Friday announced the result of the underwriting auction conducted for the Additional Competitive Underwriting (ACU) of the “New GS 2036” government security, setting the cut-off rate for underwriting commission payable to Primary Dealers at 0.38 paise per Rs 100. The underwriting auction was conducted for the […]

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Business

19 members of the WTO, including US, agree among themselves not to impose duties on e-commerce

May 8, 2026 revoi editor

Geneva: The U.S. and more than a dozen other countries including Japan, South Korea, Singapore and Australia on Thursday launched their own pact to not impose duties on e-commerce after no agreement was reached to end deadlock with Brazil, a document showed. Brazil upheld its opposition to a four-year extension of a global deal at […]

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Business

Odisha secures Rs 48,330 crore investment commitments during CM Majhi’s Gujarat visit

May 8, 2026 revoi editor

New Delhi: Odisha Chief Minister Mohan Charan Majhi on Thursday returned to Odisha after his three-day visit to Gujarat, securing investment commitments worth Rs 48,330 crore that are expected to generate more than 67,838 employment opportunities across multiple sectors in the state. Addressing the Odisha Investors’ Meet Roadshow in Vadodara on Thursday, CM Majhi said, […]

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Economy

US trade court rules Trump tariffs illegal, but issues narrow block

May 8, 2026 revoi editor

New Delhi: A U.S. trade court dealt another blow to President Donald Trump’s tariff strategy, ruling that his latest 10% temporary global duties are unjustified under a 1970s trade law, but blocked the levies only for two private importers and the State of Washington. The U.S. Court of International Trade’s 2-1 decision leaves the temporary […]

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Economy

Global Oil higher on Mideast hostilities; AI drives Asian stocks to sparkling weekly gains

May 8, 2026 revoi editor

New Delhi: Oil prices were higher on Friday and stocks a little bit lower as the U.S. and Iran exchanged fire in the Middle East, though many markets in Asia were still heading for stellar weekly gains as AI demand has swept up chipmakers. Benchmark Brent crude futures were up 1.3% at $101.60 a barrel […]

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