Economy

Business

Roving Periscope: House curbs his powers on $100 bn Iran war; will Trump follow Congress ‘orders?’

June 4, 2026 revoi editor

Virendra Pandit New Delhi: In a perceived setback to President Donald Trump, the House of Representatives, with a roll call of 215-208, approved a war powers resolution on Wednesday to halt the ongoing military action in Iran. The resolution will now go to the Senate, the Upper House of the US Congress, for likely […]

Business

Tariffs: The US proposes more import duties on 54 countries, including India

June 3, 2026 revoi editor

Virendra Pandit New Delhi: The United States Trade Representative (USTR) has proposed slapping 12.5% additional import duties on 54 countries, including India, for allegedly “failing to prohibit the import of goods produced with forced labour.” The action follows investigations launched against 60 countries over what the USTR described as their failure to impose and […]

Business

Forex reserves: FinMin denies reports that RBI sold gold worth $12 bn

June 3, 2026 revoi editor

Virendra Pandit New Delhi: The Union Finance Ministry on Wednesday rejected reports in a section of the media that the Reserve Bank of India (RBI) sold gold reserves worth USD 12 billion to shore up the country’s foreign exchange reserves. Official data from the RBI’s Annual Report for 2025–26 shows that gold holdings actually […]

Economy

India remains engaged with the U.S. on Section 301 proceedings and for finalisation of a framework agreement

June 3, 2026 revoi editor

New Delhi: The United States Trade Representative (USTR) has concluded investigations against 60 economies, including India, regarding measures of these economies to prevent the import of goods. As a result, the USTR has proposed imposing additional tariffs on imports from the 60 economies under Section 301 of the U.S. Trade Act of 1974. Products covered […]

Business

Weather: El Nino is warming oceans rapidly, says WMO

June 2, 2026 revoi editor

Virendra Pandit New Delhi: The World Meteorological Organisation (WMO) sees 80% chance of El Niño’s impact unfolding by August, and the chances of the drought-bearing weather persisting beyond November exceed 90%, the media reported on Tuesday. The WMO is a specialized agency of the United Nations responsible for promoting international cooperation on atmospheric science, […]

Business

Performance: Adani Group capex Rs. 2.53 trillion; all-time EBIDTA at Rs.94.8k crore in FY26

June 2, 2026 revoi editor

Virendra Pandit New Delhi: Ahmedabad-based conglomerate Adani Group’s companies have reported a record capital expenditure of Rs 1.53 lakh crore (USD 16.1 billion) and an all-time high EBITDA of Rs 94,834 crore (USD 10 billion) in the 2025-26 fiscal year, underscoring an accelerating infrastructure expansion cycle while maintaining leverage below its stated target. The […]

Business

Roving Periscope: Trump’s ‘mock fight’ with Bibi; Iran war, talks, on

June 2, 2026 revoi editor

Virendra Pandit New Delhi: Confusion confounded in West Asia. Iran, which called off peace talks with the US, is not buying the ‘mock fight’ between President Donald Trump and Israeli Prime Minister Benjamin “Bibi” Netanyahu and is ready to target more American allies in West Asia, even as it resumed both attacks on the […]

Business

Roving Periscope: Broke, Pakistan hires expensive lobbying firm to impress the US!

May 30, 2026 revoi editor

Virendra Pandit New Delhi: Despite its sinking economy, hyperinflation, mounting debts, and its millions of citizens fighting for basic needs, Pakistan is burning American dollars for an image makeover in the US and end its international isolation as a pariah state, the media reported on Saturday. For this, the Islamist nation, the global terror […]

Business

Markets: Geodynamic uncertainties drag Sensex, Nifty down over 1.4%

May 29, 2026 revoi editor

Virendra Pandit New Delhi: Fears of a fresh US-Iran war, uncertainties over a peace deal between them, and deepening market anxiety dragged Indian equity benchmarks down by more than 1.4 per cent on Friday. While the Nifty 50 fell 359.40 points (1.5 per cent) to close at ⁠23,547.75, the BSE Sensex shed 1092.06 points […]

Defence

Plastic currency: RBI revives idea of polymer notes, says report

May 29, 2026 revoi editor

Virendra Pandit New Delhi: India may soon get plastic currency notes as the Reserve Bank of India (RBI) has revived a decade-old plan, the media reported on Friday. The central bank is considering a pilot project for polymer banknotes, citing longer shelf life, lower replacement costs, and rising demand for cash despite the growth […]