Business

Business

Roving Periscope: US may drop out of Russia-Ukraine ‘peace deal’, says Rubio

April 18, 2025 revoi editor

Virendra Pandit New Delhi: One of US President Donald Trump’s pet projects in the last one year—to stop the ongoing, three-year-long conflict between Russia and Ukraine—may have become unviable on Friday with neither Moscow nor Kyiv evincing interest in going ahead, despite a partial Washington-Moscow deal last month in Saudi Arabia. A frustrated US […]

Business

Pakistan: Over 172,000 people left for better jobs since in three months

April 18, 2025 revoi editor

New Delhi: In cash-strapped and terror-infested Pakistan, more than 172,000 people left the country in just three months this year—January to March 2025—for better job opportunities abroad. Nearly 100,000 individuals of the 172,144 who left were categorized as general labourers, according to the official data released by the Bureau of Immigration and Overseas Employment (BI&OE). […]

Business

India’s US outreach: PM Modi dials Elon Musk, to host dinner for V-P JD Vance

April 18, 2025 revoi editor

New Delhi: Days before US Vice-President James David Vance and his India-born wife Usha land in the country on a four-day visit starting April 21, Prime Minister Narendra Modi on Friday dialled Tesla and SpaceX CEO Elon Musk to discuss issues related with technological collaboration and others. “Spoke to @elonmusk and talked about various issues, […]

Business

Economy: “Notable markdowns, but no global recession,” says IMF

April 18, 2025 revoi editor

Virendra Pandit New Delhi: The International Monetary Fund (IMF) has, while remarking that despite “notable markdowns,” are likely, there is no possibility of a global recession. Given the ongoing trade war, some economists fear that a global recession is a distinct possibility, especially because of the tariff war between the two largest economies—the USA […]

Business

Weakening Yuan creates for Indian rupees and raises concern for depreciation risks.

April 18, 2025 revoi editor

The Indian rupee may face problems, and recent gains may be short-lived as depreciation pressure mounts on the currency as Trade Rival China loosens its grip on the Yuan. The weakening of the Chinese currency is major competition for all Asian currencies, as they all have trade links with China. While recently Indian currency has […]

Business

Roving Periscope: The Eagle may, after all, force the Dragon to blink first!

April 17, 2025 revoi editor

Virendra Pandit New Delhi: With little tangible results emerging in its trade war against the US, a softening China may start a phased climb down and blink first to arrive at a compromise on tariffs with the world’s largest economy, if only to retain its second place. For now, however, Chinese President Xi Jinping […]

Business

APSEZ acquires 50 MTPA capacity NQXT Australia, accelerating path to 1 billion tonnes p.a. by 2030

April 17, 2025 revoi editor

Ahmedabad, 17 April, 2025: The Board of Directors of Adani Ports and Special Economic Zone Ltd. (APSEZ), India’s largest integrated Transport Utility company has approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore from Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL). CRPSHPL is a related party. APPH holds the entities […]

Business

NITI Ayog: India to be the third largest economy in 3 years

April 17, 2025 revoi editor

New Delhi: In the next three years, India will become the world’s third-largest economy, surpassing Germany and Japan, NITI Aayog CEO BVR Subrahmanyam said, the media reported on Thursday. By 2047, India will become the second largest economy, he said. Addressing an event, he also said that India can become an educational hub for the […]

Business

Markets: On the BSE’s 150th anniversary, Sensex zooms 1,500 points; Nifty follows up with 414

April 17, 2025 revoi editor

Virendra Pandit New Delhi: Indian indices on Thursday started low but flew over 1.7 percent with Sensex and Nifty closing up by more than 1,500 and 414 points, respectively, keeping their upward mobility in tune with some other world markets. Incidentally, the BSE on Thursday celebrated its 150th anniversary. The Sensex is the benchmark […]

Business

IMEC to slash logistics costs by 30%, transit time by 40%, says Piyush Goyal

April 17, 2025 revoi editor

The India-Middle East-Europe Economic Corridor (IMEC) is expected to reduce logistics costs by up to 30% and cut transportation time by 40%, Union Minister of Commerce and Industry Piyush Goyal said on Wednesday. The Minister was addressing the IMEC High-Level Roundtable on Connectivity and Economic Growth in New Delhi. Highlighting these figures, Goyal said IMEC […]