Business

Business

Ambuja Cements moves closer to NET ZERO

December 3, 2024 revoi editor

Ahmedabad, Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, further advances towards its Net Zero goals by leveraging zero-carbon heating technology to decarbonise its cement manufacturing process. The Company has entered into a strategic partnership with Finland-based technology and engineering company ‘Coolbrook’. Ambuja will implement Coolbrook’s proprietary RotoDynamic Heater™ (RDH™) […]

Business

Ukraine: Amid ongoing war, Russia allocates one-third of the budget for defense

December 2, 2024 revoi editor

Virendra Pandit New Delhi: As the ongoing war against Ukraine enters the third year in February 2025—unless a ceasefire comes into effect by then—Russia has hiked its defense budget by about USD 28 billion to a total of USD 126 billion, which is one-third of the overall budget for the next year, the media […]

Business

Immigration: Canada caught between the Devil and the Deep Sea

December 2, 2024 revoi editor

Virendra Pandit New Delhi: With US President-elect Donald Trump’s announcement to deport thousands of illegal immigrants, Canada, whose open-door policy has adversely affected its demography, economy, and international relations, and turned it into a conduit for entry into America, is facing a huge task of dealing with the aliens flooding this North American country. […]

Business

Roving Periscope: Dual “miscarriage of justice,” as Biden pardons Trump, and his own son!

December 2, 2024 revoi editor

Virendra Pandit New Delhi: What a judicial system a ‘democratic’ America has! Before leaving the White House on January 20, 2025, outgoing President Joe Biden, 82, ‘pardoned’ the incoming President-elect Donald Trump of his perceived sins—and then reversed his earlier decision to pardon his own son, Hunter Biden, as well. While Trump was happy […]

Business

APSEZ subsidiary upgraded by 6 notches post acquisition

December 2, 2024 revoi editor

CAREEDGE has upgraded Gopalpur Port from BBB (RWP) to AA/Stable (upgraded by 6 notches) post acquisition by APSEZ in March 24. CARE notes that “APSEZ has an established track record of successfully turning around port assets including Dhamra port post acquisition through bringing sticking cargo and operational efficiency”. CARE notes the substantial prepayment of 64% […]

Business

Trump’s tariff terror: Buffeted Trudeau rushes to grease the US President-elect

November 30, 2024 revoi editor

Virendra Pandit New Delhi: With Donald Trump’s tariff terror looming on Canada (and China and Mexico, too), a panicked Canadian Prime Minister Justine Trudeau rushed to meet the US President-elect on Friday to enter his good books before his inauguration in January 2025. The buffeted Canadian PM—who, Trump ally Elon Musk has declared, is […]

Business

Roving Periscope: Ukraine relents, ready for Russia ceasefire if NATO…

November 30, 2024 revoi editor

Virendra Pandit New Delhi: Unsure of how long the West would continue to support Ukraine—particularly after Donald Trump’s upcoming inauguration as the 47th US President on January 20, 2025— Kyiv has relented and said it is open to a ceasefire with Moscow if NATO protects the remaining areas of the war-torn country unoccupied so […]

Business

Lebanon: Accusing Hezbollah of violating peace deal, Israel strikes back

November 29, 2024 revoi editor

Virendra Pandit New Delhi: As many expected, the short-lived Israel-Hezbollah ceasefire may have collapsed within two days on Thursday with Israel accusing Iran’s proxy terror outfit of violation of the peace deal, and resumed attacking Lebanon to flush out Shia terrorists. The Israeli Defense Forces (IDF) warned Lebanese citizens not to return to 60 […]

Business

Economy: India’s GDP growth falls in Q2FY25 to 5.4%

November 29, 2024 revoi editor

Virendra Pandit New Delhi: Although the Narendra Modi-led NDA government returned to power a third time in June, with a reduced majority, the uncertainty it sparked, as also the unusually hot weather, may have been among the factors that caused the fall in the GDP growth in the second quarter (July-September 2025) of the […]

Business

CRISIL Ratings has published a report reaffirming its strong credit ratings for Adani Group companies

November 29, 2024 revoi editor

CRISIL Ratings has published a report reaffirming its strong credit ratings for Adani Group companies. Despite recent legal developments, including a US indictment followed by materially false and misleading coverage, the agency has maintained a positive outlook on the group’s companies and entities. “Adani Group has sufficient liquidity and operational cash flows to meet its […]