Business

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 […]

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Roving Periscope: Apple touches $5 tr in m-cap; world’s biggest company again

July 29, 2026 revoi editor

Virendra Pandit   New Delhi: India’s nominal GDP is projected to reach USD 4.15- 4.58 trillion in the current financial year, 2026–27. Now consider just one American behemoth: Apple, the biggest iPhone maker. On Tuesday, it briefly crossed the historic USD 5 trillion market capitalization mark during trading, becoming only the second publicly listed company […]

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Banking: Delhi HC orders to wind up Paytm Payments Bank, says RBI

July 28, 2026 revoi editor

Virendra Pandit   New Delhi: The Delhi High Court has ordered that Paytm Payments Bank Limited (PPBL) be wound up, the Reserve Bank of India said on Tuesday. In April 2026, the central bank had cancelled the banking licence issued to PPBL for alleged non-compliance with norms, saying the affairs of the bank were conducted […]

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Aviation: Air India turnaround could take up to a decade, says Tata Sons chief

July 28, 2026 revoi editor

Virendra Pandit   New Delhi: Tata Sons has said Air India’s turnaround could take up to ​a decade, extending the timeline for ‌the carrier’s turnaround, the media reported on Tuesday. Tata Sons Chairman Natarajan Chandrasekaran said ​this in the company’s annual ⁠report released  late on Monday. The Tata Group had acquired the ailing Air India […]

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Markets: As the US, Iran pause war, crude prices fall; Indian indices end in green

July 27, 2026 revoi editor

Virendra Pandit   New Delhi: With the US and Iran taking another shot at a likely ‘ceasefire’ in their five-month-long conflict, crude oil prices fell and markets, including Indian, looked up, ending in the green. According to media reports, crude oil futures traded lower on Monday morning after the US and Iran halted strikes against […]

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Roving Periscope: The US and Iran pause war for another round of ‘ceasefire’ talks

July 27, 2026 revoi editor

Virendra Pandit   New Delhi: With their ongoing conflict since February 28 yielding zero tangible and net results, both the US and Iran paused their war, again, on Saturday for another round of likely diplomatic talks for a ‘ceasefire,’ the media reported on Monday. Since the US has halted attacks for the past two nights, […]

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Roving Periscope: Hormuz, Mandeb blockades push Brent above $100; energy crisis may deepen

July 24, 2026 revoi editor

Virendra Pandit   New Delhi: Brent oil prices hovered above USD 100 per barrel on Friday while heading for their fourth week of gains, driven by concerns about disrupted energy ​flows in the Red Sea and fears of further escalation in the ​US-Israeli war on Iran to the Bab el-Mandeb, where Tehran-supported, Yemen-based Houthi militants […]

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Trump tariffs: The US imposes 10% tariff on Indian goods over “forced labour” concerns

July 24, 2026 revoi editor

Virendra Pandit   New Delhi: Ahead of the proposed India-US trade deal, America has imposed a 10 per cent tariff on goods imported from India and 16 other countries as part of a wider action against products made using “forced labour,” the media reported on Friday. Of the 60 countries facing the tariffs, the 10 […]

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Energy security: India may face risk with crude prices nearing $100/bbl, says experts

July 23, 2026 revoi editor

Virendra Pandit   New Delhi: Geopolitical tensions because of the US-Iran war in West Asia and the Russia-Ukraine war, supply risks and OPEC+ production discipline are expected to keep oil prices elevated, posing challenges for India’s growth and corporate earnings, experts said on Thursday. Brent crude was trading near USD 98 per barrel on Thursday, […]

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Economy: Despite monsoon concerns and Iran war, RBI sees resilient growth

July 23, 2026 revoi editor

Virendra Pandit   New Delhi: Amid the ongoing war in West Asia and concerns about the impact of uneven monsoon rains, the Reserve Bank of India has said the country’s ongoing growth is expected to continue, the media reported on Thursday. India’s central bank has reiterated that the South Asian country’s economy remains resilient. However, […]

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