Business

Business

No LPG shortage in country, vessels continuously coming to India via Hormuz: Petroleum Secretary Neeraj Mittal

April 9, 2026 revoi editor

New Delhi: Neeraj Mittal, Secretary, Ministry of Petroleum and Natural Gas, on Thursday said that the LPG supply situation in the country remains normal, with vessels continuing to arrive via the Strait of Hormuz despite recent geopolitical tensions. Speaking with the media, Mittal said there is no shortage of LPG in the country, and domestic […]

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Business

Growth forecast: RBI projects FY27 GDP at 6.9%; hikes retail inflation to 4.6%

April 8, 2026 revoi editor

Virendra Pandit   New Delhi: The Reserve Bank of India (RBI) on Wednesday forecast GDP growth projection for FY27 at 6.9 percent compared to 7.6 percent expected in FY26, the media reported. The central bank also raised the inflation projections for FY27 to 4.6 percent from the earlier 4.2 percent. RBI Governor Sanjay Malhotra said […]

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Ceasefire: Crude oil futures crashes 6%, hit lower circuit

April 8, 2026 revoi editor

Virendra Pandit   New Delhi: With the US, Israel, and Iran agreeing to a two-week ceasefire proposal in West Asia, crude oil prices retreated sharply on Wednesday, crashing by 6 percent to hit their lower circuit level in futures trade, the media reported. On the Multi Commodity Exchange (MCX), crude oil futures for the April […]

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Business

Roving Periscope: Another TACO leads to potential ceasefire in West Asia—for two weeks

April 8, 2026 revoi editor

Virendra Pandit   New Delhi: In 2025, Financial Times columnist Robert Armstrong coined the financial acronym “TACO” to describe the trade strategy and market reaction to US President Donald Trump’s mercurial trade and tariff policies: Trump Always Chickens Out. It referred to the pattern of announcing severe tariffs, causing market dips, and then reversing or delaying […]

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Markets: With W. Asian peace prospects, Indian equity markets jump nearly 4%

April 8, 2026 revoi editor

Virendra Pandit   New Delhi: With US President Donald Trump postponing his “stone age” threat against Iran to two weeks, Indian equity markets jumped nearly 4 four percent on Wednesday, as the Reserve Bank of India held repo rate at 5.25 percent and maintained a neutral stance. Meanwhile, the volatility index declined sharply by 21 […]

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 Adani Group Announces ₹33,000 Crore Investment Blitz in Odisha; Karan Adani Vows to Build Legacy Infrastructure

April 8, 2026 revoi editor

BHUBANESWAR: In a landmark move that signals a massive leap for Eastern India’s industrial landscape, the Adani Group today broke ground on three mega-projects in Odisha, representing a staggering total investment of ₹33,081 crore. Addressing a high-powered gathering including Chief Minister Shri Mohan Charan Majhi and Industries Minister Shri Sampad Charan Swain, Karan Adani, Managing […]

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Adani wins US court hearing in push to throw out SEC fraud suit

April 8, 2026 revoi editor

New York, Apr 8: A US judge granted a request from billionaire Gautam Adani to schedule a hearing in his effort to dismiss a US Securities and Exchange Commission fraud case, which he says lacks necessary jurisdiction as well as fails on multiple reasons. This followed lawyers of Adani and his nephew, Sagar filing a […]

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Adani moves US court seeking dismissal of SEC fraud case, says lawsuit lacks jurisdiction

April 8, 2026 revoi editor

New York, Apr 7 : Billionaire Gautam Adani and his nephew Sagar Adani have asked a US court to dismiss a securities fraud lawsuit brought by the US Securities and Exchange Commission, arguing the case falls outside the US jurisdiction and fails to establish any wrongdoing. In a pre-motion letter filed ahead of a planned […]

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Martyrdom: Trump threatens extinction; Iran’s 14 mn people ready to die, says Pezeshkian

April 7, 2026 revoi editor

Virendra Pandit   New Delhi: As US President Donald Trump’s “48-hour” deadline to Iran—to either reopen the Strait of Hormuz or face annihilation—loomed closer, Iranian President Masoud Pezeshkian on Tuesday declared that 14 million Iranians have signed up to sacrifice their life to defend the nation, the media reported. On Tuesday, Trump wrote on Truth […]

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Roving Periscope: After Hormuz, Iran threatens to shut Bab-al-Mandeb Strait as well

April 7, 2026 revoi editor

Virendra Pandit   New Delhi: As the inconclusive and intensifying US-Israeli war on Iran entered the 38th day, with attempts to reopen the Strait of Hormuz failing, Tehran has threatened to shut another key waterway, Bab al-Mandeb, the media reported. The Strait of Bab-el-Mandeb is a major global chokepoint between Yemen on the Arabian Peninsula […]

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