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Kerala open to discuss new projects with Adani; not keen on any big polluting industries: Rajeev

December 9, 2024 revoi editor

Mumbai, Dec 8 , Kerala is not averse to discussing any new project with the Adani group and will do so only if there is a “win-win” situation which benefits the people of the state as well, a senior state minister has said. However, the southern state is not keen to have any big industries […]

Business

Roving Periscope: Outgoing Biden’s team terms the BJP’s charges “disappointing”

December 7, 2024 revoi editor

Virendra Pandit New Delhi: Reacting to the BJP’s accusation that the US State Department, and the Deep State in the outgoing Joe Biden administration, ran an “anti-Modi” agenda, an American spokesman has said it was “disappointing.” India’s chief ruling party, the BJP, locking horns with the Biden team of Democrats and the Left-Liberals, is […]

Business

Logistics: ADB approves $350 mn loan for India to enhance exports

December 7, 2024 revoi editor

Virendra Pandit New Delhi: The Asian Development Bank (ADB) has approved a USD 350 million policy-based loan to support India in strengthening and modernizing the logistics sector and exports. ADB said in a statement that the proposed loan will finance the second subprogram, supporting New Delhi’s efforts to create a comprehensive policy, planning, and […]

Business

The US: Trump names David Perdue as the next Ambassador to China

December 6, 2024 revoi editor

Virendra Pandit New Delhi: US President-elect Donald Trump, who is set to return to the White House next month, has named his controversial political ally and former Georgia Senator David Perdue as the next Ambassador to China, a key trade partner so far, against which the Republican leader has promised to impose punishing tariffs. […]

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 […]

Business

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), […]

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 […]

Business

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 […]

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 […]

Business

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 […]