Business

Business

Energy: India to launch a Rs. 37.5k crore coal gasification plan

May 13, 2026 revoi editor

Virendra Pandit   New Delhi: In the backdrop of the global energy crisis, the Union Cabinet on Wednesday approved a Rs. 37,500-crore incentive scheme to promote coal gasification projects, aimed at boosting clean energy production and reducing dependence on forex-guzzling imports, the media reported. “An outlay of Rs 37,500 crore has been kept for this […]

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Triplicity: How Pakistan tricked the US, the Saudis, and Iran, but lost to the UAE?

May 13, 2026 revoi editor

Virendra Pandit   New Delhi: Even after its near bankruptcy, zero credibility, and military-terror diarchy, Pakistan lost none of its cunningness and exhibited its triplicity to the US, Saudi Arabia, and even Iran during the ongoing West Asian crisis, the media reported. But Islamabad lost the game to the UAE which forced it to repay […]

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Roving Periscope: Ahead of the Trump-Xi Summit, China draws “Four Redlines”

May 13, 2026 revoi editor

Virendra Pandit   New Delhi: Ahead of US President Donald Trump’s two-day China visit, beginning Wednesday, Beijing has reiterated its position on key issues in bilateral relations with Washington, drawing “four redlines” in bilateral relations that must not be challenged during the superpower summit this week, the media reported. According to the Chinese Embassy in […]

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EAM Jaishankar meets Chilean counterpart Mackenna, discusses boosting ties in trade and services

May 13, 2026 revoi editor

New Delhi: External Affairs Minister S. Jaishankar and his Chilean counterpart Francisco Perez Mackenna on Wednesday held wide-ranging talks in New Delhi aimed at strengthening bilateral cooperation across various sectors. Following the meeting, Jaishankar said the two sides discussed ways to diversify markets and sourcing, promote exports and expand cooperation in the services sector. “Delighted […]

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US tariff whiplash pushed toy factory in China to brink of collapse

May 13, 2026 revoi editor

New Delhi: Had the United States kept tariffs on Chinese imports at triple digits for just one more day last year, Huntar Company would have collapsed, said David Cheung, who runs the family-owned toy maker with his brother Jason. When Washington and Beijing reached a trade truce in Geneva on May 12 last year, rolling […]

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Centre launches second tranche of limestone block auctions in J&K to boost mining and industrial growth

May 13, 2026 revoi editor

New Delhi: The Ministry of Mines on Tuesday launched the second tranche of e-auction of limestone blocks in Jammu and Kashmir, putting 12 mineral blocks across Anantnag, Rajouri, and Poonch districts up for auction in a move aimed at accelerating industrial development and attracting fresh investments in the Union Territory. The tranche was officially launched […]

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Sensex, Nifty tumble soon after opening in Green amid downside risk to growth and upside to inflation

May 13, 2026 revoi editor

New Delhi: Markets opened in green on Wednesday as the Indian equity benchmarks attempted a recovery following consecutive declines, but soon declined as the selling pressure continued. The BSE SENSEX opened at 74,809.68 points, up by 250.44 points or 0.34 per cent. Similarly, the NSE NIFTY 50 started at 23,460.20 points, gaining 80.65 points or […]

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US annual consumer inflation posts largest gain in three years as prices increase broadly

May 13, 2026 revoi editor

New Delhi: U.S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years, heightening political risks for President Donald Trump and his Republican party ahead of November’s midterm elections. The back-to-back rises in the Consumer Price Index reported by the Labor Department on Tuesday, reflected strong gains in […]

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OpenAI chief Sam Altman denies betraying Elon Musk, defends for-profit push at trial

May 13, 2026 revoi editor

New Delhi: OpenAI Chief Executive Sam Altman on Tuesday rejected Elon Musk’s claim that he betrayed the ChatGPT maker’s founding mission to serve the public good, and said it was Musk who was interested in seizing control of OpenAI and making money from it. In an August 2024 lawsuit, Musk accused Altman and OpenAI of […]

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US has finalized tariff refunds of $35.5 billion as of May 11

May 13, 2026 revoi editor

New Delhi: The U.S. customs agency has processed refunds including interest worth $35.46 billion as of May 11 for tariffs imposed by President Donald Trump last year that were deemed illegal, according to a Tuesday court filing. As of 7 a.m. ET on May 11, the U.S. Customs and Border Protection had received 126,237 applications […]

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