Business

Business

Obituary: Eminent economist Dr. Bibek Debroy, 69, passes away

November 1, 2024 revoi editor

Virendra Pandit New Delhi: In the last 10 years, when he shone like the sun at noon, Dr. Bibek Debroy (1955-2024), eminent economist and author, became the voice of a rising India’s ongoing economic reforms and its future. In his passing away on Friday, India has lost one of its most outspoken and visionary […]

Business

Energy: Adani Power cuts power supply by half to Bangladesh over arrears

November 1, 2024 revoi editor

Virendra Pandit New Delhi: The Adani Power Jharkhand Ltd (APJL) has cut by 50 percent the power supply to Bangladesh which has failed to clear the dues of USD 846 million, the media reported on Friday. APJL, a wholly-owned subsidiary of Adani Power, on Thursday night, stopped half of its power supply to Bangladesh […]

Business

East Ladakh: Sino-Indian troops disengagement ‘complete;’ patrolling to resume

October 30, 2024 revoi editor

Virendra Pandit New Delhi: The eyeball-to-eyeball military deployment by the Chinese and Indian Armies in East Ladakh, since mid-2020, was reported relaxed on Wednesday with the competition of disengagement, which may lead to a de-escalation, the media reported on Wednesday. The bilateral meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping last week, […]

Business

US Polls: Amid electoral tie, consumer spending, economy shines, gold prices peak

October 30, 2024 revoi editor

New Delhi: Amid electoral uncertainties, as the US votes next week to elect the 47th President, its economy is shining. Gold prices reached an all-time high level on Tuesday, ahead of an expected interest rate cut by the US Federal Reserve in November, the media reported. Spot gold was up 0.3 percent to USD 2,748.64 […]

Business

Roving Periscope: Most Indian-Americans may support Kamala Harris

October 30, 2024 revoi editor

Virendra Pandit New Delhi: They were both there. The outgoing US President Joe Biden and his deputy, Vice President Kamala Harris, the Democratic nominee, celebrated the Deepawali festival in the White House on Monday, with several Indian-Americans present. In the nail-biting November 5 presidential elections, the 2.3 million votes of the influential Indian-American community […]

Business

BRI: Like India, Brazil also snubs China on transcontinental infra project

October 29, 2024 revoi editor

Virendra Pandit New Delhi: Brazil has backed away from joining China’s transcontinental infrastructure project Belt and Road Initiative (BRI), becoming the second BRICS bloc nation after India to refrain from joining the over USD 200 billion plan, which is already floundering in many countries, including Pakistan. China hoped to make the flagship BRI’s expansion […]

Business

Roving Periscope: With a $36 trillion debt, the US facing a “financial emergency,”

October 29, 2024 revoi editor

Virendra Pandit New Delhi: Ahead of the crucial November 5 presidential elections in the US, whose outcome is uncertain, Tesla chief Elon Musk has stunned America which, he said, is facing “bankruptcy.” Musk, the world’s second wealthiest man with a net worth of USD 195 billion, has emerged as a key player in the […]

Business

Adani Enterprises Ltd announces highest half-yearly EBIDTA in H1FY25 results

October 29, 2024 revoi editor

Ahmedabad, 29 October 2024: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter and half year ended 30 September 2024. AEL’s constant endeavour on achieving operational efficiency across all business verticals along with incubating new asset base is reflected yet again in these results. AEL has […]

Business

Earnings momentum continues for APSEZ, H1 FY25 PAT up 42% YoY to Rs 5,520 Cr

October 29, 2024 revoi editor

Ahmedabad, 29 October 2024: Adani Ports and Special Economic Zone Limited today announced its results for the quarter and half year ending 30th September 2024. Particulars (Rs Cr) Q2 FY25 Q2 FY24 YoY H1 FY25 H1 FY24 YoY Cargo (MMT) 111 101 10% 220 203 9% Revenue 7,067 6,646 6% 14,627 12,894 13% EBITDA1 4,369 […]

Business

Adani Power announces Q2 FY25 results

October 28, 2024 revoi editor

Ahmedabad, October 28th, 2024: Adani Power Ltd. [“APL”], a part of Adani portfolio companies, today announced the financial results for the second quarter ended 30th September 2024. Mr. S B Khyalia, CEO, Adani Power Limited, said, “Adani Power has embarked on the next phase of its growth journey, swiftly achieving capacity expansion milestones and securing […]