Business

Business

Economy: India’s growth in FY26 to exceed 6.5%, says Moody’s Ratings

March 12, 2025 revoi editor

Virendra Pandit New Delhi: Painting a rosy picture ahead, Moody’s Ratings on Wednesday said India’s economic growth will exceed 6.5 percent in the current financial year FY26 (2025-25), the media reported. Following a temporary slowdown in mid-2024, India’s economic growth is expected to reaccelerate and record one of the fastest rates among large economies […]

Business

Macquarie says Adani Ports poised to capitalise on India’s long-term growth, gives ‘outperform’ rating

March 11, 2025 revoi editor

Adani Ports and Special Economic Zone Ltd (APSEZ) is well positioned to capitalise on India’s long-term growth potential due to its businesses’ thematic alignment with the nation’s development, a Macquarie Equity Research report has said, giving the country’s leading ports operator an ‘outperform’ rating. Macquarie said that the Adani Group company offers a diversified port […]

Business

Trump tariffs: India says “no commitment to cut tariffs” so far

March 11, 2025 revoi editor

Virendra Pandit New Delhi: Even as US President Donald Trump is building up pressure on India—and other countries—to cut tariffs on their imports from America, India on Tuesday clarified that it has not committed so far to slashing import duties on US products. This came within days after President Donald Trump announced that New […]

Business

Terror on wheels: Baloch separatists ‘hijack’ train in Pak, kill six, and take 120 hostages

March 11, 2025 revoi editor

Virendra Pandit New Delhi: Amid the ongoing conflict between the Pakistan Army and terrorists of various shades, a group of Baloch separatists injured many as they also ‘hijacked’ an entire passenger train, the media reported on Tuesday. While the local government acknowledged the attack on the Jaffar Express, a Baloch separatist group claimed that […]

Business

Banking: IndusInd Bank in trouble after a 27% fall in stock price; Hinduja reassures

March 11, 2025 revoi editor

Virendra Pandit New Delhi: The share price of IndusInd Bank plunged 27 percent on the bourses on Tuesday after it reported its net worth was hit by discrepancies in derivative accounts, the media reported. Experts believe the ongoing slew of negative events, as evidenced by this latest episode, could shake investors’ confidence. However, the […]

Business

Edible oil: India’s import hits a 4-year low

March 11, 2025 revoi editor

New Delhi: For the first time in four years, India’s edible oil imports significantly decreased in February, and this shrink was led by soya and sunflower oils, dragging inventories to their lowest levels, an industry body said. A shrink in imports for the second consecutive month depleted the stocks of the world’s biggest buyer of […]

Business

Roving Periscope: The US wrests back initiative from China in the Mideast

March 11, 2025 revoi editor

Virendra Pandit New Delhi: With his recent threats to wipe out whatever remains of Hamas and make Gaza another ‘American enclave’, and now pushing President Volodymir Zelenkyy to Saudi Arabia for peace talks on Ukraine, US President Donald Trump has, in less than two months, wrested Western initiative in the volatile region from China […]

Business

Fitch removes Adani Energy from rating watch, first upgrade since US indictment

March 10, 2025 revoi editor

New Delhi: Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its ‘Ratings Watch Negative’ list, the first upgrade by an international ratings agency since the US indictment. Fitch affirmed AESL long-term foreign and local-currency issuer default ratings (IDRs) at ‘BBB-‘. “The ratings have been removed from Rating Watch Negative and […]

Business

USAID: Trump admn cuts 83% of programmes globally

March 10, 2025 revoi editor

Virendra Pandit New Delhi: The United States on Monday announced that it would shut down 83 percent of programs worldwide, funded by the US Agency for International Development (USAID), a stronghold of the Democratic Party. The media reported, quoting officials, that these programs did not meet Washington’s interests. Announcing on Monday, Secretary of State […]

Business

Boosting trade: Government lifts export ban on broken rice

March 10, 2025 revoi editor

New Delhi: To promote rice shipments, the government has lifted the ban on export of broken rice, imposed in September 2022, the media reported on Monday. The government has decided to lift the ban and amend it from prohibited to free with immediate effect, the Directorate-General of Foreign Trade (DGFT) said in a notification. Exporters […]