Economy

Business

Energy: Govt. directs banks, financial bodies, and insurance firms to shift to VCs, EVs

May 18, 2026 revoi editor

Virendra Pandit   New Delhi: The Union Finance Ministry has directed state-run banks, insurers and financial institutions on Monday to ​implement cost-cutting measures, including sharp curbs on travel ​and a phased transition to electric vehicles and video conferencing, the media reported. The directive, part of a broader austerity push, will cover institutions like the State […]

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Business

The Rupee: Amid geodynamic turbulence, the Indian currency slides to 96.34/USD

May 18, 2026 revoi editor

Virendra Pandit   New Delhi: As West Asia fears regathering of the war clouds, surging global bond yields, elevated energy prices, and the resultant geoeconomic turbulence, the Indian rupee on Monday hit a fresh low of 96.34 per US dollars, the media reported. With this fresh slide, the Indian currency has slumped 2 per cent […]

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Economy

Commerce Secretary Shri Rajesh Agrawal Highlights Trade and Economic Cooperation at BRICS Meeting in Gandhinagar

May 16, 2026 revoi editor

Gandhinagar[Gujarat]: Commerce Secretary Shri Rajesh Agrawal delivered the keynote address at the 2nd Meeting of the BRICS Contact Group on Trade and Economic Issues (CGETI), held in Gandhinagar, Gujarat. The meeting followed the first CGETI meeting held virtually in March 2026. Shri Agrawal underscored that BRICS has continued to grow stronger and has emerged as […]

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Book Review

Roving Periscope: Is Trump trapping both China and Taiwan?

May 16, 2026 revoi editor

Virendra Pandit   New Delhi: In recent months, the USA approved a record USD 11 billion arms package for Taiwan, and is currently reviewing an additional USD14 billion deal. In March 2026, President Donald Trump welcomed Japan’s Prime Minister Sanae Takaichi to the White House, although she strongly supports Taiwan’s independence. But now he has […]

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Business

Sensex, Nifty end lower amid surge in crude oil price

May 15, 2026 revoi editor

New Delhi: Indian benchmark equity indices ended lower on Friday as late-session selling pressure dragged the markets down due to rise in crude oil prices. The benchmark Nifty closed 46.10 points, or 0.19 per cent, lower at 23,643.50, while the Sensex declined 160.73 points, or 0.21 per cent, to settle at 75,237.99. The surge in […]

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Business

India, UAE ink major pacts on energy, defence, AI; Abu Dhabi commits $5 billion investment

May 15, 2026 revoi editor

New Delhi: India and the United Arab Emirates on Friday signed a series of agreements across energy, defence, maritime infrastructure and emerging technologies during Prime Minister Narendra Modi’s visit to Abu Dhabi, with the Gulf nation announcing investments worth $5 billion in India. According to the Ministry of External Affairs (MEA), the two sides reviewed […]

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Economy

India’s total exports rise 13.59% to $80.80 billion in April 2026

May 15, 2026 revoi editor

New Delhi: India’s total exports, including merchandise and services, are estimated at 80.80 billion US dollars in April 2026, registering a growth of 13.59 per cent compared to 71.13 billion US dollars in April last year, according to data released by the Commerce Ministry on Friday. Total imports during April 2026 are estimated at 88.61 […]

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Business

Trump in China: Xi hails “historic visit”—sans unresolved tensions, major deals!

May 15, 2026 revoi editor

Virendra Pandit   New Delhi: Chinese President Xi Jinping on Friday hailed the outcome of his meetings with visiting US counterpart Donald Trump and touted an agreement on a new relationship for their countries, projecting optimism—despite unresolved tensions and limited deals announced so far—the media reported. “This visit is a historic and landmark visit. Thus […]

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Business

Roving Periscope: “Iran is finished,” Trump claims, praises Xi during China visit

May 15, 2026 revoi editor

Virendra Pandit   New Delhi: On the last day of his China visit, US President Donald Trump claimed “Iran is finished,” and it must either negotiate a deal to end the ongoing conflict or face destruction. “Deal or annihilation for Iran,” he stated during an interview with Fox News on the final day of his […]

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Business

Iran war: India ready to help restore peace in West Asia, says PM Modi

May 15, 2026 revoi editor

Virendra Pandit   New Delhi: Prime Minister Narendra Modi on Friday said India is ready to extend all possible support to bring peace in West Asia, the media reported. On the first leg of his five-nation visit, PM Modi, who reached Abu Dhabi, said this during his talks with UAE President Sheikh Mohammed bin Zayed […]

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