Economy

Business

Roving Periscope: Ahead of the Trump-Xi Summit, China draws “Four Redlines”

May 13, 2026 revoi editor

Virendra Pandit New Delhi: Ahead of US President Donald Trump’s two-day China visit, beginning Wednesday, Beijing has reiterated its position on key issues in bilateral relations with Washington, drawing “four redlines” in bilateral relations that must not be challenged during the superpower summit this week, the media reported. According to the Chinese Embassy in […]

S. Jaishankar x Francisco Perez Mackenna

Business

EAM Jaishankar meets Chilean counterpart Mackenna, discusses boosting ties in trade and services

May 13, 2026 revoi editor

New Delhi: External Affairs Minister S. Jaishankar and his Chilean counterpart Francisco Perez Mackenna on Wednesday held wide-ranging talks in New Delhi aimed at strengthening bilateral cooperation across various sectors. Following the meeting, Jaishankar said the two sides discussed ways to diversify markets and sourcing, promote exports and expand cooperation in the services sector. “Delighted […]

Business

US tariff whiplash pushed toy factory in China to brink of collapse

May 13, 2026 revoi editor

New Delhi: Had the United States kept tariffs on Chinese imports at triple digits for just one more day last year, Huntar Company would have collapsed, said David Cheung, who runs the family-owned toy maker with his brother Jason. When Washington and Beijing reached a trade truce in Geneva on May 12 last year, rolling […]

Business

Centre launches second tranche of limestone block auctions in J&K to boost mining and industrial growth

May 13, 2026 revoi editor

New Delhi: The Ministry of Mines on Tuesday launched the second tranche of e-auction of limestone blocks in Jammu and Kashmir, putting 12 mineral blocks across Anantnag, Rajouri, and Poonch districts up for auction in a move aimed at accelerating industrial development and attracting fresh investments in the Union Territory. The tranche was officially launched […]

Business

Sensex, Nifty tumble soon after opening in Green amid downside risk to growth and upside to inflation

May 13, 2026 revoi editor

New Delhi: Markets opened in green on Wednesday as the Indian equity benchmarks attempted a recovery following consecutive declines, but soon declined as the selling pressure continued. The BSE SENSEX opened at 74,809.68 points, up by 250.44 points or 0.34 per cent. Similarly, the NSE NIFTY 50 started at 23,460.20 points, gaining 80.65 points or […]

Business

US annual consumer inflation posts largest gain in three years as prices increase broadly

May 13, 2026 revoi editor

New Delhi: U.S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years, heightening political risks for President Donald Trump and his Republican party ahead of November’s midterm elections. The back-to-back rises in the Consumer Price Index reported by the Labor Department on Tuesday, reflected strong gains in […]

Business

US has finalized tariff refunds of $35.5 billion as of May 11

May 13, 2026 revoi editor

New Delhi: The U.S. customs agency has processed refunds including interest worth $35.46 billion as of May 11 for tariffs imposed by President Donald Trump last year that were deemed illegal, according to a Tuesday court filing. As of 7 a.m. ET on May 11, the U.S. Customs and Border Protection had received 126,237 applications […]

Business

US appeals court pauses ruling against Trump’s 10% global tariff

May 13, 2026 revoi editor

New Delhi: A U.S. appeals court on Tuesday temporarily paused a lower court ruling against the Trump administration’s 10% global tariff under Section 122 of the Trade Act, keeping the tariffs in place for three importers that had won a reprieve from the duties last week. * The U.S. trade court ruled against the new […]

Asia stock markets rebound after Donald Trump paused global tariffs

Business

Asia markets falter as hot US inflation, shaky Iran ceasefire weigh

May 13, 2026 revoi editor

New Delhi: Stocks started the Asian session on the back foot on Wednesday, with talks between Washington and Tehran at a standstill as hotter-than-expected U.S. inflation underscored the growing economic toll of the Middle East conflict. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.6%, down for a second day as Korean shares fell […]

Business

Retail inflation rises marginally to 3.48% in April 2026

May 12, 2026 revoi editor

New Delhi: India’s retail inflation based on the Consumer Price Index (CPI) rose marginally to 3.48 per cent in April 2026 from 3.40 per cent in March, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday. The inflation rate remained below the Reserve Bank of India’s medium-term target of […]