Business

Business

Roving Periscope: Reignited Syrian civil war may cripple Iran further

December 6, 2024 revoi editor

Virendra Pandit   New Delhi: As the 13-year-old civil war in Syria flared up again last week with Sunni insurrection, supported by Turkey and others, the pro-Iran Shia regime in Damascus, led by President Bashar Assad, is facing an existential crisis. This fresh development is being viewed as yet another attempt by the Sunni nations […]

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MPC meeting: RBI keeps repo rate unchanged at 6.5%, lowers growth forecast to 6.6%

December 6, 2024 revoi editor

Virendra Pandit   New Delhi: The Reserve Bank of India (RBI) on Friday retained its key interest rate—the repo rate—unchanged at 6.5 percent but lowered the growth forecast for FY25 from 7.2 percent earlier to 6.6 percent, aiming to balance inflation control with economic growth. The central bank also cut the cash reserve ratio (CRR), […]

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Business

PRODUCTION LINKED INCENTIVE SCHEME FOR FOOD PROCESSING INDUSTRIES

December 6, 2024 revoi editor

The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) was approved by the Union Cabinet on 31st March 2021 with a budget of ₹10,900 crore, to be implemented from 2021-22 to 2026-27. 171 applicants have been enrolled under the scheme. The beneficiary selection process under PLISFPI was conducted as a one-time exercise, preceded by active […]

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JP Morgan “Overweight’ on Four Adani Bonds”, “The ability to scale and grow using internal cash flows in the case of Adani Ports gives us strong comfort”

December 6, 2024 revoi editor

JP Morgan has given ‘Overweight’ on four Adani group bonds—three issued by Adani Ports & SEZ, and one by Adani Electricity Mumbai limited —Subsidiary of Adani Energy Solutions. It has taken neutral stand on other five Adani bonds and is underweight on only one bond—issued by AGEL. Under the risks section, it further added, that […]

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Business

Make in India: Russia to manufacture in the South Asian country, says Putin

December 5, 2024 revoi editor

Virendra Pandit   New Delhi: Praising Prime Minister Narendra Modi for his vision and policies, President Vladimir Putin on Thursday said Russia will now “Make in India” by starting manufacturing in the South Asian country. “Prime Minister Modi has a program called Make in India. We are also ready to set up our manufacturing operations […]

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South Korea: Post-martial law debacle, President Yoon may face impeachment

December 5, 2024 revoi editor

Virendra Pandit   New Delhi: In an unprecedented move, the police in South Korea, which is threatened with ‘extinction’ by the turn of the century because of an alarming rate of depopulation, has launched an investigation into President Yoon Suk Yeol’s extreme step to impose emergency and martial law, which he had to withdraw within […]

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Roving Periscope: His PM ousted, French President Macron faces an uncertain future

December 5, 2024 revoi editor

Virendra Pandit   New Delhi: With the united Opposition, furious at budget proposals, toppling Prime Minister Michel Barnier within two months of taking power in Paris in September,  French President Emmanuel Macron’s own political future may become uncertain ahead of his potential re-election bid in 2027. As Donald Trump re-enters the White House for a […]

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OCCRP, the Media Organization Targeting Adani, Funded by the US: French Newspaper

December 4, 2024 revoi editor

Opposition leaders, including Rahul Gandhi, Prashant Bhushan, and Mahua Moitra, have extensively quoted OCCRP-funded reports to allege corruption involving Adani and the BJP government. On September 4, 2023, just one day before the Supreme Court hearing on the Hindenburg-Adani case, Financial Times, OCCRP, and The Guardian collaborated to publish an article against the Adani Group […]

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Africa: Namibia elects first woman President, Nandi-Ndaitwah

December 4, 2024 revoi editor

Virendra Pandit   New Delhi: The Republic of Namibia, formerly part of apartheid South Africa, has elected its first woman President, Nandi-Ndaitwah, the media reported on Wednesday. Netumbo Nandi-Ndaitwah, 72, won with 57 percent of the vote, contrary to predictions that she might be forced into a run-off, results released by the country’s electoral commission […]

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Adani Defence delivers 2nd Drishti-10 drone to Navy, boosting maritime surveillance capability

December 4, 2024 revoi editor

New Delhi, Dec 4, Adani Defence and Aerospace has delivered a second Drishti-10 Starliner surveillance drone to the Indian Navy, boosting India’s maritime forces’ capabilities to monitor shipping lines and mitigate piracy risks. Following the handover of the first Drishti-10 to the Indian Navy earlier this year, the induction of the second unmanned aerial vehicles […]

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