Business

Business

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 […]

Business

US appeals court pauses ruling against Trump’s 10% global tariff

May 13, 2026 revoi editor

New Delhi: A U.S. appeals court on Tuesday temporarily paused a lower court ruling against the Trump administration’s 10% global tariff under Section 122 of the Trade Act, keeping the tariffs in place for three importers that had won a reprieve from the duties last week. * The U.S. trade court ruled against the new […]

Asia stock markets rebound after Donald Trump paused global tariffs

Business

Asia markets falter as hot US inflation, shaky Iran ceasefire weigh

May 13, 2026 revoi editor

New Delhi: Stocks started the Asian session on the back foot on Wednesday, with talks between Washington and Tehran at a standstill as hotter-than-expected U.S. inflation underscored the growing economic toll of the Middle East conflict. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.6%, down for a second day as Korean shares fell […]

Business

Torrent Power announces Q4 FY26 results, Declares 200% dividend for the year

May 12, 2026 revoi editor

Ahmedabad, May 12, 2026: Torrent Power Limited (the “Company”) today announced financial results for the quarter and year ended March 31, 2026.Adjusting for one-time, non-cash reversal of deferred tax liabilities of ₹ 637 Crs in FY 2024-25, TCI for the year improved by ₹ 92 Crs driven mainly by following factors: Improved operational performance of […]

Business

APSEZ’s marine arm, Astro Offshore in contract with Oceaneering International Inc., for European Subsea Expansion

May 12, 2026 revoi editor

Ahmedabad, 12 May 2026: Adani Ports and Special Economic Zone Ltd. (APSEZ), India’s largest integrated transport utility, through its marine platform Astro Offshore, has contracted with Oceaneering International Inc., a US-based engineering and applied technology company, to pursue specialised offshore and subsea opportunities in Europe. The agreement marks a significant step in APSEZ’s expansion into […]

Business

Retail inflation rises marginally to 3.48% in April 2026

May 12, 2026 revoi editor

New Delhi: India’s retail inflation based on the Consumer Price Index (CPI) rose marginally to 3.48 per cent in April 2026 from 3.40 per cent in March, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday. The inflation rate remained below the Reserve Bank of India’s medium-term target of […]

Business

Public Sector Banks post record ₹1.98 lakh crore net profit in FY26

May 12, 2026 revoi editor

New Delhi: Public Sector Banks (PSBs) recorded their highest-ever aggregate net profit of ₹1.98 lakh crore in the financial year 2025–26, marking the fourth consecutive year of profitability, according to data released by the Finance Ministry on Tuesday. The strong financial performance was driven by healthy credit growth, improved asset quality, higher recoveries and strengthened […]

Business

World Bank sees Pacific growth slowing to 2.8% in 2026

May 12, 2026 revoi editor

New Delhi: Economic growth across 11 Pacific Island countries is expected to weaken in 2026 as higher energy and shipping costs, slowing tourism momentum and persistent structural constraints weigh on activity, the World Bank said in a report released on Tuesday. The World Bank’s Pacific Economic Update said growth in the Pacific Island countries it […]

Business

Top Asian LNG markets boost coal use as Iran war limits supply

May 12, 2026 revoi editor

New Delhi: Major Asian liquefied natural gas (LNG) importers Japan and South Korea ramped up coal-fired power generation in April and into early May, market data showed, as the Iran war disrupted supplies of the super-chilled fuel and boosted prices. Japan’s gas-fired power supply hit two-year lows in April and South Korea’s dropped to six-month […]

Business

Economy: Moody’s cuts India growth forecast for 2026 to 6%

May 12, 2026 revoi editor

Virendra Pandit New Delhi: Citing subdued private consumption, capital formation, and industrial activity amid higher energy costs cited as reasons, global agency Moody’s Ratings on Tuesday slashed India’s GDP growth forecast for year 2026 by 0.8 percentage points to 6 per cent, the media reported. In its Global Macro Outlook May update, it said […]