Economy

Business

Economy: The UN lowers India’s growth to 6.4%; still among fastest growing economies

May 20, 2026 revoi editor

Virendra Pandit New Delhi: Citing global uncertainties and economic shocks arising from the ongoing West Asia crisis, the United Nations has revised downward India’s economic growth forecast for 2026 to 6.4 per cent from its earlier projection of 6.6 per cent, but the South Asian nation remains among the fastest-growing major economies, the media […]

Business

Roving Periscope: Befuddled, Trump sends Rubio to India to repair ties

May 20, 2026 revoi editor

Virendra Pandit New Delhi: His threats to NATO and Iran remained empty. His much-publicized visit to China yielded little. His poodle, Pakistan, has been sneezing in hot summer. Few now take him seriously even at home, and his popularity ratings have plummeted to just 37 percent. Even the Supreme Court has junked many of […]

Business

Roving Periscope: UPI the winner; debit cards lose sheen; RTGS the boss!

May 19, 2026 revoi editor

Virendra Pandit New Delhi: Within a decade of its launch, India’s Unified Payments Interface (UPI) has almost pushed out the ‘traditional’ debit card from general use and the new, QR code-based system now powers 85 per cent of all payments, the media reported on Tuesday. While the UPI dominates daily transactions, debit cards are […]

Business

The Rupee: External headwinds plunge the Indian currency to Rs. 96.53/USD

May 19, 2026 revoi editor

Virendra Pandit New Delhi: On the sixth consecutive day, as external headwinds continued to roil world markets, the Indian rupee plunged further to a record low of Rs.96.53 per US dollar on Tuesday. Since the US and Israel attacked Iran on February 28, starting the poly-crises in West Asia and elsewhere, the Indian currency […]

Business

Roving Periscope: After Trump’s ‘failed’ China visit, Putin to meet Xi

May 18, 2026 revoi editor

Virendra Pandit New Delhi: Four days after US President Donald Trump ended his rather ‘unproductive’ visit to China, Russian leader Vladimir Putin will meet Chinese President Xi Jinping in Beijing this week, the media reported on Monday. Ahead of the Russian President’s two-day visit from Tuesday, Xi and Putin exchanged “congratulatory letters” on Sunday, […]

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 […]

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 […]

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 […]

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 […]

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 […]