Business

Business

Adani raises Rs 4,850 cr from sale of 13.5 pc stake in Adani Wilmar

January 10, 2025 revoi editor

New Delhi, Jan 10, Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by […]

Business

Sri Lanka: Buddhist monk jailed for ‘insulting Islam’

January 10, 2025 revoi editor

Virendra Pandit New Delhi: A Buddhist monk, Galagodaatte Gnanasaram, viewed as a close ally of ousted Sri Lankan President Gotabaya Rajapaksa, has been jailed in the island nation for allegedly “insulting Islam,” the media reported on Friday. The monk, who leads a Sinhalese Buddhist nationalist group, was convicted on Thursday for his 2016 remarks […]

Business

Roving Periscope: LA’s devastating fires cause $60 bn loss as H’wood celebrities flee

January 10, 2025 revoi editor

Virendra Pandit New Delhi: Several Hollywood celebrities, whose palatial mansions turned into ashes, are reported to have fled the raging fires in Los Angeles where at least 10 people have died and nearly 20,000 acres of forested land have turned into rubble this week, the media reported on Friday. The fires have displaced nearly […]

Business

World economy: Growth to remain muted at 2.8%, but India to be the fastest at 6.6% in 2025

January 10, 2025 revoi editor

Virendra Pandit New Delhi: The United Nations has warned that global economic growth will remain subdued at 2.8 percent in 2025, the same as in 2024, because of the continuing uncertainties the world over, but India will be the fastest-growing economy. South Asia will remain the fastest-growing region, with a predicted 5.7 percent growth, […]

Business

Roving Periscope: Elon Musk accuses George Soros of “hatred of humanity”

January 9, 2025 revoi editor

Virendra Pandit New Delhi: The world’s wealthiest man Elon Musk has accused highly controversial billionaire and “philanthropist” George Soros, 94, whom the outgoing US President Joe Biden awarded the Presidential Medal for Freedom this week, of “hatred of humanity.” Critics said the outgoing Democratic President selected Soros because he was given the freedom to […]

Business

Energy: Govt may provide LPG subsidy of Rs. 35,000 cr to IOC, BPCL and HPCL

January 9, 2025 revoi editor

Virendra Pandit New Delhi: The Government of India is likely to give subsidies worth Rs. 35,000 crores for liquefied petroleum gas (LPG) to the three state-owned distributors—Indian Oil Corporation, Bharat Petroleum Corporation Ltd, and Hindustan Petroleum Corporation Ltd—to make up for losses they incurred on selling the fuel in the current financial year, the […]

Business

Inflation: Ahead of parliamentary polls, prices soar in Germany

January 9, 2025 revoi editor

New Delhi: As Germany braces for a general election to the Bundestag, the Lower House of Parliament, on February 23, after the recent collapse of its “traffic-light” coalition of social democrats, liberals, and greens, Europe’s biggest economy is struggling to cope with spiraling inflation. German annual inflation rose more than the expected forecast in December […]

Business

Post-Trudeau: Canada court grants bail to all four Indian accused in Nijjar case; trial in Feb

January 9, 2025 revoi editor

Virendra Pandit New Delhi: Hours after Justin Trudeau quit as the Canadian Prime Minister, a court granted bail to all four Indian accused arrested in May 2024 in the Hardeep Singh Nijjar murder case, which soured the North American country’s relations with India. Since September 2023, Trudeau has been accusing “Indian agents” of involvement […]

Business

CSMIA is India’s First Airport to Receive Prestigious ACI Level 5 Accreditation for Exemplary Standards in Customer Experience

January 8, 2025 revoi editor

Mumbai : Chhatrapati Shivaji Maharaj International Airport (CSMIA) celebrates a momentous achievement with Level 5 accreditation from Airports Council International (ACI) — the pinnacle of recognition in ACI’s Airport Customer Experience Accreditation Programme. CSMIA is the first airport in India and third airport in the world to achieve this remarkable milestone, distinguishing CSMIA as a […]

Business

Greenland: From ‘frying pan to fire’, its PM rushes back to Denmark’s monarch

January 8, 2025 revoi editor

Virendra Pandit New Delhi: President-elect Donald Trump’s pre-inauguration announcements have created a peculiar situation for Greenland: Its left-wing leader, who was trying to get freedom from Denmark, has been forced to go back to the same Danish monarch for protection! According to the media reports, Greenland Prime Minister Mute Bourup Egede will meet the […]