Business

Business

NITI Aayog launches report on $200 billion electric vehicle opportunity in India

August 5, 2025 revoi editor

NITI Aayog on Monday launched its report titled “Unlocking a $200 Billion Opportunity: Electric Vehicles in India”, which provides a comprehensive assessment of the current challenges and strategic recommendations needed to accelerate India’s transition to electric mobility. The report was released by Rajiv Gauba, Member, NITI Aayog, in the presence of B. V. R. Subrahmanyam, […]

Business

MEA defends India’s oil imports from Russia; calls US, EU criticism ‘unjustified, unreasonable’

August 5, 2025 revoi editor

The Ministry of External Affairs (MEA) on Monday defended India’s continued import of oil from Russia amid criticism from the United States and the European Union (EU), terming such objections “unjustified and unreasonable”. Responding to questions over energy trade with Russia since the commencement of the Ukraine conflict, the MEA clarified that India’s imports are […]

Business

N-power: The US opposes, but Islamabad supports Tehran for “peaceful use”

August 4, 2025 revoi editor

Virendra Pandit New Delhi: While the US is pressurizing Iran to sign the nuclear deal, fearing it could use it for warfare, Pakistan, keeping its own options open, has supported Iran’s right to develop nuclear capability for “peaceful purposes.” After Iranian President Masoud Pezeshkian, who arrived in Islamabad on Saturday on a two-day official […]

Business

India poised to take larger share in global output: Morgan Stanley

August 4, 2025 revoi editor

India is likely to capture a larger share of global output over the next few decades, driven by strong demographic trends, improving infrastructure, and policy stability, according to a report by Morgan Stanley Research. The report highlights a combination of factors — including robust population growth, a functioning democracy, macroeconomic stability, a growing entrepreneurial base, […]

Business

Net direct tax collection surges after reduction of corporate tax rates: Minister

August 4, 2025 revoi editor

The net direct tax collection saw strong growth in FY25 at Rs 22,26,375 crore, a 13.48 per cent year-on-year growth, as there has been an overall increase in collections after the reduction of the corporate tax rates with effect from Assessment Year (AY) 2020-21, the Parliament was informed on Monday. Since FY 2021-22, the growth […]

Business

India’s chip market booming, set to hit $100-110 Bn by 2030

August 4, 2025 revoi editor

India’s semiconductor chip market is growing rapidly and is expected to hit $100-110 billion by 2030, as the world moves towards greater digitalisation and automation. Being the backbone of modern electronics, semiconductors act as hidden brains that make devices work. The chips store, process, and transfer information, helping devices perform tasks such as calling, storing […]

Business

Russia cautions: “Be very, very careful with N-rhetoric”

August 4, 2025 revoi editor

Virendra Pandit New Delhi: Sensing unknown trouble ahead, Russia on Monday cautioned the US and the world: “Be very, very careful with nuclear rhetoric.” In its first response to a statement by US President Donald Trump that he had ordered a repositioning of US nuclear submarines, the Kremlin said on Monday that everyone should […]

Business

Roving Periscope: Now, Cambodia also supports Trump’s Nobel quest!

August 4, 2025 revoi editor

Virendra Pandit New Delhi: It appears that some nations have discovered the trick to humor US President Donald Trump and get concessions —support his long-cherished quest for a Nobel Peace Prize! Self-nominations are not allowed, something Trump has been doing indirectly by using lawmakers in other countries. While none of his democratic Western partners, […]

Business

The Adani Group is not exploring any form of collaboration with BYD for battery manufacturing in India

August 4, 2025 revoi editor

An Adani Group spokesperson said, “We categorically deny Bloomberg’s report on 4 Aug 2025 suggesting a tie-up between the Adani Group and Chinese companies BYD and Beijing Welion New Energy Technology. This report is baseless, inaccurate and misleading. The Adani Group is not exploring any form of collaboration with BYD for battery manufacturing in India. Similarly, we […]

Business

Sensex, Nifty open higher amid mixed global cues; auto, metal stocks gain

August 4, 2025 revoi editor

The Indian stock market opened on a positive note on Monday, supported by gains in auto and metal stocks, despite mixed global cues. At 9:29 am, the Sensex was up 221 points, or 0.28 per cent, at 80,821, while the Nifty rose 82 points, or 0.33 per cent, to trade at 24,647. In the early […]