Business

Business

US tariffs are weakening credit conditions, says Moody’s

April 16, 2025 revoi editor

New Delhi: Moody’s Ratings on Wednesday said the US-imposed tariffs will weaken credit conditions and raise default risks, especially for low-rated and speculative-grade corporates. These ongoing impositions will have a major impact on global credit conditions and might lead to a possible recession, the media reported. Non-financial corporations are the most at risk from tariffs. […]

Business

India’s trade with China hits a record deficit of USD 99.2 billion

April 16, 2025 revoi editor

New Delhi: India recorded a trade deficit worth USD 99.2 billion with China in the financial year 2024-25 that ended in March. March became an expensive month for India as imports from China alone jumped over 25 percent, amounting to USD 9.7 billion, led by electronics, electric batteries and solar cells. The total imports from […]

Business

The UK: Inflation declines to the lowest in three months

April 16, 2025 revoi editor

New Delhi: Inflation in the United Kingdom slipped to its lowest in three months ended March 2025, according to the Bank of England’s released data. Inflation slowed at an annual rate of 2.6 percent in March from 2.8 percent in February, and below expectations of 2.7 percent, stated the Office for National Statistics (ONS). Unlike […]

Business

Roving Periscope: Trump tries to flush out Lib-Dem’s vestiges on varsity campuses

April 16, 2025 revoi editor

Virendra Pandit New Delhi: After facing multiple court cases during the Joe Biden presidency, and still winning the election in November 2024, US President Donald Trump, in his second, non-consecutive term, has now trained his guns on America’s elite educational institutions to flush out the vestiges of the Liberal-Democrat politico-economic “Deep State” that infested […]

Business

Trade war: Now, China faces up to a 245% tariff on some exports to the US

April 16, 2025 revoi editor

Virendra Pandit New Delhi: In their ongoing Game of Chicken, the US has now imposed additional levy, to a total of 245 percent of tariff on some imports from China. The White House said on Tuesday that this step was taken as a result of China’s retaliatory actions, according to the media reports. President […]

Business

Indian stock market opens flat, Sensex above 76,700

April 16, 2025 revoi editor

The domestic benchmark indices opened flat on Wednesday amid weak global cues, with selling pressure seen in the IT and auto sectors during early trade. As of 9:29 a.m., the Sensex was trading 23.12 points or 0.03% higher at 76,758.01, while the Nifty rose by 5.90 points or 0.03% to 23,334.45. The Nifty Bank index […]

Business

Labour Ministry signs MoU with Swiggy to boost employment in gig sector

April 16, 2025 revoi editor

In a significant move to strengthen employment linkages in the gig and logistics sector, the Ministry of Labour & Employment on Tuesday signed a Memorandum of Understanding (MoU) with Swiggy, one of India’s leading online food delivery platforms through the National Career Service (NCS) portal. The collaboration aims to bring greater visibility and accessibility to […]

Business

Singapore: Parliament dissolved, fresh polls on May 3

April 15, 2025 revoi editor

Virendra Pandit New Delhi: After the dissolution of its parliament, the island nation of Singapore will head to the general elections on May 3, in what will be the first electoral test for its new Prime Minister Lawrence Wong, who came to power in 2024. Voting is compulsory for Singapore’s 2.75 million eligible citizens. […]

Business

Roving Periscope: Sensing trouble within, President Xi sacks PLA’s No 2

April 15, 2025 revoi editor

Virendra Pandit New Delhi: Ever since he got the Communist Party scrap the two-term limit on his presidency in 2018, effectively allowing him to remain in power for life, an insecure Chinese President Xi Jinping has been sacking hundreds of officers at different levels of his government on “corruption” charges to shield his own […]

Business

Markets: Hoping for tariff relief, Indian indices zoom over 2%

April 15, 2025 revoi editor

Virendra Pandit New Delhi: With US President Donald Trump pausing the 26 percent tariff on India for three months, and amid ongoing bilateral trade talks showing positivity, the Indian equity market surged over 2 percent on Monday, bringing cheers back to the Dalal Street in Mumbai. Following President Trump’s comments suggesting the possibility of […]