Business

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 […]

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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 […]

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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 […]

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Business

OpenAI chief Sam Altman denies betraying Elon Musk, defends for-profit push at trial

May 13, 2026 revoi editor

New Delhi: OpenAI Chief Executive Sam Altman on Tuesday rejected Elon Musk’s claim that he betrayed the ChatGPT maker’s founding mission to serve the public good, and said it was Musk who was interested in seizing control of OpenAI and making money from it. In an August 2024 lawsuit, Musk accused Altman and OpenAI of […]

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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 […]

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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 […]

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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 […]

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Business

Torrent Power announces Q4 FY26 results, Declares 200% dividend for the year

May 12, 2026 revoi editor

Ahmedabad, May 12, 2026: Torrent Power Limited (the “Company”) today announced financial results for the quarter and year ended March 31, 2026.Adjusting for one-time, non-cash reversal of deferred tax liabilities of ₹ 637 Crs in FY 2024-25, TCI for the year improved by ₹ 92 Crs driven mainly by following factors: Improved operational performance of […]

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APSEZ’s marine arm, Astro Offshore in contract with Oceaneering International Inc., for European Subsea Expansion

May 12, 2026 revoi editor

Ahmedabad, 12 May 2026: Adani Ports and Special Economic Zone Ltd. (APSEZ), India’s largest integrated transport utility, through its marine platform Astro Offshore, has contracted with Oceaneering International Inc., a US-based engineering and applied technology company, to pursue specialised offshore and subsea opportunities in Europe. The agreement marks a significant step in APSEZ’s expansion into […]

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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 […]

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