Energy

Business

Iran war: Saudi Arabia, Turkey, and Pakistan sign defence pact

August 7, 2026 revoi editor

Virendra Pandit New Delhi: Three major Sunni-majority nations–Saudi Arabia, Turkey and Pakistan—signed a joint defence agreement on Friday, the media reported. Of them, Pakistan has been “mediating” between the US and the Shia nation, Iran, which have been at war since February 28 this year. Saudi Arabia and Pakistan had already signed a defence […]

Business

Roving Periscope: Trump’s n-powered “Golden Fleet” could cost up to $275 billion

August 6, 2026 revoi editor

Virendra Pandit New Delhi: US President Donald Trump’s so-called Golden Fleet, comprising nearly 15 nuclear-powered battleships, could cost a whopping USD 275 billion to develop and acquire through the year 2056, according to the non-partisan Congressional Budget Office (CBO), the media reported on Thursday. The CBO pegged its preliminary estimate at USD 23 billion […]

Business

Environment: Google’s $15 bn data centre in Andhra faces water, wildlife issues

August 6, 2026 revoi editor

Virendra Pandit New Delhi: The proposed data centre of tech behemoth Google in Andhra Pradesh, being raised at an investment of USD 15 billion, is facing environmental concerns, including water scarcity and protection of wild life, the media reported on Thursday. Initial ground work to build Google’s planned Indian data centre hub is in […]

Business

Economy: RBI retains repo rate at 5.25%, ups GDP growth in FY27 to 6.7%

August 5, 2026 revoi editor

Virendra Pandit New Delhi: Keeping the repo rate unchanged at 5.25 per cent, the Reserve Bank of India (RBI) on Wednesday projected the country’s GDP growth rate at 6.7 per cent in the current financial year (2026-27), the media reported. The central bank’s rate-setting Monetary Policy Committee (MPC) kept the benchmark repo rate as […]

Business

Progress: India on way to become a $5.1 trillion economy by FY29, says FM

August 4, 2026 revoi editor

Virendra Pandit New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said the Indian economy is set to cross USD 5-trillion mark in 2028-29 (FY29) as per the International Monetary Fund (IMF) reports, and the government has adopted a broad-based growth strategy to achieve the milestone. Speaking in the Rajya Sabha during the ongoing monsoon […]

Business

Roving Periscope: 25 Dem-run states sue Trump on his forced labour tariffs

August 4, 2026 revoi editor

Virendra Pandit New Delhi: At least 25 Democratic states across the USA have sued President Donald Trump against his recent order on levying forced-labour tariffs on 60 countries, including India, the media reported on Wednesday. India, along with 16 other countries, faces a 10-per cent tariff rate. Earlier, the US had proposed a 12.5-per […]

Business

Price curve: Rise in global commodity, energy costs drive wholesale inflation in India

August 3, 2026 revoi editor

Virendra Pandit New Delhi: Union Minister of State for Finance Pankaj Chaudhary said on Monday that the recent rise in wholesale inflation in the country was being driven by a global rise in prices of commodities and energy, the media reported. On a year-on-year basis, wholesale price index (WPI) based inflation increased from 9.68 […]

Business

Social media: Defying the ban, most Australian teens still use it

July 31, 2026 revoi editor

Virendra Pandit New Delhi: More than 8 in 10 Australian teenagers were still found using social media three months after the government’s landmark ban on the platforms for under-16s took effect because the technology firms failed to implement effective age checks, the country’s internet regulator has found. In a study published on Friday, eSafety […]

Business

Roving Periscope: 20 died as thousands of Moroccans ‘invade’ Spanish enclave in N. Africa

July 31, 2026 revoi editor

Virendra Pandit New Delhi: Spain on Friday declared a “migrants’ emergency” after thousands of Moroccans, mostly African Muslims, breached the border, swam through waters, and ‘invaded’ the European country’s autonomous city of Ceuta, on the tip of the continental North Africa, taking towns midway by storm, the media reported. Nearly 5,000 Moroccan Muslims ‘illegally’ […]

Business

Hormuz: Iran rejects Oman’s proposal for joint management of the Strait

July 29, 2026 revoi editor

Virendra Pandit New Delhi: Accusing the US and Saudi Arabia of pressuring Oman to advance the proposal of a regional joint management of the Strait of Hormuz, Iran has rejected the “unrealistic” plan, the media reported on Wednesday. Iran said the proposal has no chance of success. With this development, crude oil futures traded […]