Business

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 […]

Business

Roving Periscope: After PM Modi’s austerity appeal, Kotak warns of the “shock” ahead

May 12, 2026 revoi editor

Virendra Pandit New Delhi: After Prime Minister Narendra Modi’s appeal to the people, twice in two days, to take some austerity measures, leading banker Uday Kotak on Tuesday warned that the global economy is on the verge of a significant “shock” as the delayed consequences of the prolonged US-Iran war are set to kick […]

Business

PM Modi to visit UAE, Netherlands, Sweden, Norway and Italy from May 15-20

May 12, 2026 revoi editor

New Delhi: Prime Minister Narendra Modi will embark on a five-nation visit to the United Arab Emirates, Netherlands, Sweden, Norway and Italy from May 15 to 20, with a focus on strengthening trade, investment, technology and strategic cooperation with Europe and the Gulf region. The Ministry of External Affairs (MEA) said the Prime Minister’s upcoming […]

Business

Sensex, Nifty open lower amid crude spike, geopolitical tension

May 12, 2026 revoi editor

New Delhi: Indian equity benchmarks traded lower on Tuesday for the second consecutive day in morning trade, with both indices declining around 0.5 per cent amid geopolitical tensions. Sensex declined as much as 0.62 per cent or 474 points to trade at an intraday low of 75,541 in early trade, while Nifty was seen trading […]

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Global-AI rally pauses as Middle East ceasefire goes on ‘life support’

May 12, 2026 revoi editor

New Delhi: Oil crept higher and the dollar rose on Tuesday as hopes faded for a deal to get ships moving through the Strait of Hormuz, while a red-hot chip rally in chip stocks cooled and traders waited on U.S. inflation figures. U.S. President Donald Trump said the ceasefire with Iran was “on life support” […]

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Roving Periscope: Even on ‘peace proposals’ the US clashes with Iran!

May 11, 2026 revoi editor

Virendra Pandit New Delhi: See the irony: on the 73rd day of the West Asian war, the US and Iraan clashed over the latest ‘peace proposals,’ which President Donald Trump found “totally unacceptable,” and, as is his wont, reiterated his threats and warnings to Tehran umpteenth time. Diplomatic efforts to forge a peace deal […]

Business

Sensex, Nifty End Lower Amid Rising Middle East Tensions

May 11, 2026 revoi editor

New Delhi: Indian benchmark equity indices ended lower on Monday as investor sentiment weakened amid rising concerns over the impact of the ongoing West Asia conflict on global growth and inflation. At the closing bell, the Nifty was down by 360.3 or 1.49 per cent at 23,815.85, and the Sensex ended 1312.91 points or 1.70 […]

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Economy: BMI forecast India’s growth lower at 6.7% in FY27

May 11, 2026 revoi editor

Virendra Pandit New Delhi: With no end in sight to the ongoing West Asian war, its impact on global economies and energy security, and Prime Minister Narendra Modi’s appeal to Indians to observe austerity, India’s economic growth is likely to decelerate in the current financial year, the media reported on Monday. BMI, a Fitch […]

Business

Zelenskiy says some 20 countries interested in drone deals with Ukraine

May 11, 2026 revoi editor

New Delhi: Nearly 20 countries are interested in drone deals with Ukraine and four agreements have already been signed, Ukrainian President Volodymyr Zelenskiy said on Monday. Since the outbreak of the Iran war in late February, Zelenskiy has managed to leverage Ukraine’s expertise in drone warfare into a series of successful diplomatic deals during visits […]

Business

Assam govt promises to raise tea garden workers’ wage in third term

May 11, 2026 revoi editor

New Delhi: Assam Chief Minister, Himanta Biswa Sarma, on Monday said that the NDA government would continue to prioritise the welfare of tea garden workers in the state and promised a phased increase in daily wages up to Rs 500 in the coming years. Highlighting the BJP-led government’s initiatives for the tea community over the […]