Business

Business

Roving Periscope: “Ridiculous…won’t work,” says Trump on Musk’s political outfit

July 7, 2025 revoi editor

Virendra Pandit New Delhi: Mocking his friend-turned-foe Elon Musk’s potential political outfit, “The America Party” (TAP), US President Donald Trump on Sunday said it was “ridiculous”, and “won’t work.” Multibillionaire and Tesla CEO Musk, who shifted from the Democrats to support the Republican presidential candidate and donated millions for Trump’s campaign in 2024, was […]

Business

Oil tumbles as OPEC+ hikes August output more than expected

July 7, 2025 revoi editor

Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while uncertainty over U.S. tariffs and their potential impact on global economic growth weighed on demand expectations. Brent crude futures LCOc1 fell 47 cents, or 0.69%, to $67.83 a barrel by 0327 GMT, while U.S. West Texas Intermediate […]

Business

Adani Ports Unveils First Steel Slag Road in Hazira; the first in any private port worldwide

July 5, 2025 revoi editor

Ahmedabad, 5 July 2025 – In a landmark step for green infrastructure, Adani Ports and Special Economic Zone Ltd. (APSEZ) has inaugurated the world’s first steel slag road at any port, setting a new global benchmark in circular economy-led development. Spanning 1.1 kilometres within Hazira Port, this sustainable road connects the Multi-Purpose Berth (MPB-1) to […]

Business

Roving Periscope: Trump’s ‘BBB’ wins; crises ahead as national debt to mount to $40 trillion

July 4, 2025 revoi editor

Virendra Pandit New Delhi: For once, he can sleep in peace. After re-entering the White House on January 20, President Doland Trump—after several ups and downs, and twists and U-turns—tasted his first legialstive victory in the US Congress on Friday when the House of Representatives also passed, though with a thin majority, his controversial […]

Business

World’s biggest climate fund ramps up investment plans

July 4, 2025 revoi editor

The world’s biggest multilateral climate fund said it will make its largest-ever series of investments and speed up dealmaking as it looks to help poorer nations respond to global warming. The Green Climate Fund’s plan to release about $1.2 billion for 17 projects mostly in Asia and Africa follows approval by shareholders including the United […]

Business

Indian stock market opens marginally higher, Nifty above 25,400

July 4, 2025 revoi editor

The domestic benchmark indices opened marginally higher on Friday amid mixed global cues, with early buying seen in the IT, PSU bank and financial services sectors. At around 9:34 am, the Sensex was trading 32.52 points, or 0.04 per cent, higher at 83,271.99, while the Nifty added 3.45 points, or 0.01 per cent, to reach […]

Business

The Dalai Lama: Only he can choose his successor, insists India

July 3, 2025 revoi editor

Virendra Pandit New Delhi: A day after China tried to impose its authority over the selection of the next Dalai Lama, India has insisted that only the Buddhist spiritual leader and the religious conventions he established can do so, the media reported. New Delhi has made its position unequivocal on the question of the […]

Business

Roving Periscope: Importing farm products key issue in US-India tariff talks

July 3, 2025 revoi editor

Virendra Pandit New Delhi: In April, President Donald Trump paused his reciprocal tariffs on some 100 countries for three months, ending July 9. Several countries have since been racing against time to strike a favourable trade and tariff deal with America, even as Trump has just announced take on Japan! While he imposed as […]

Business

RBI issues advisory to banks for integration of DoT’s Financial Fraud Risk Indicator

July 3, 2025 revoi editor

The Department of Telecommunications (DoT) welcomes the Reserve Bank of India’s (RBI) advisory issued on June 30, directing all Scheduled Commercial Banks, Small Finance Banks, Payments Banks and Co-operative Banks to integrate the Financial Fraud Risk Indicator (FRI) developed by DoT into their systems. This major step is expected to strengthen efforts to curb cyber-enabled […]

Business

Indian stock market opens higher, Sensex above 83,400

July 3, 2025 revoi editor

The Indian benchmark indices opened higher on Thursday amid positive global cues, with buying seen in the IT, pharma, and auto sectors in early trade. At around 9:25 am, the Sensex was trading 68.28 points, or 0.08 per cent, higher at 83,477.97, while the Nifty added 19.30 points, or 0.08 per cent, to reach 25,472.70. […]