Business

Business

Growth: India’s projection up 0.2%, China’s down 0.3%, says Fitch Ratings

May 22, 2025 revoi editor

Virendra Pandit New Delhi: Global rating agency Fitch Ratings has raised India’s medium-term growth potential by 0.2 percentage points to 6.4 per cent, and reduced China’s growth projection from 4.6 percent by 0.3 percent to 4.3 percent, the media reported on Thursday. The changes are part of Fitch’s revised assessment of potential GDP growth […]

Business

Indian economy shows resilience despite weak global growth: RBI

May 22, 2025 revoi editor

The global growth continues to face headwinds with persistent trade frictions, heightened policy uncertainty, and weak consumer sentiment weighing on the outlook. Despite this, the Indian economy is exhibiting resilience even after high trade and tariff-related concerns, the Reserve Bank of India (RBI) has said. Persistent trade frictions, heightened policy uncertainty, and weak consumer sentiment […]

Business

Trump Unveils $175B Golden Dome Missile Defense System, Cites China and Russia Threats

May 21, 2025 revoi editor

President of the United States Donald Trump said on Tuesday he had selected a design for the $175-billion Golden Dome missile defense shield and named a Space Force general to head the ambitious program aimed at blocking threats from China and Russia. The program, first ordered by Trump in January, aims to create a network […]

Business

Spendthrift America: IMF warns the US of mounting deficit, recession

May 21, 2025 revoi editor

Virendra Pandit New Delhi: Days after the International Monetary Fund (IMF) controversially bailed out a broke Pakistan amid its low-cost war against India, and a day after America announced the development of a Golden Dome worth USD 175 billion to protect itself from China and Russia, the global lender has warned Washington to curb […]

Business

Correcting course: After appeasing the US, Pak vows to ‘deepen’ ties with China also

May 21, 2025 revoi editor

Virendra Pandit New Delhi: Rattled over reports that China, its “all-weather ally”, is outraged with Islamabad suddenly beseeching Washington early this month for help against India, Pakistan has now declared it would ‘deepen’ ties with China. In particular, according to reports, Beijing was angry with Islamabad for hinting that the ‘substandard’ Chinese and Turkish […]

Business

Roving Periscope: Trump’s Golden Dome may ape Reagan’s Star Wars!

May 21, 2025 revoi editor

Virendra Pandit New Delhi: America’s objective has remained the same, although its enemies are different. Then, it was the Soviet Union; now it’s China plus Russia. Aiming to defend the USA and galaxy, no less, Republican President Ronald Reagan, on March 23, 1983, in a televised address to the nation, announced his plans to […]

Business

Trump tariffs: India well-positioned to deal with negative effects, says Moody’s Ratings

May 21, 2025 revoi editor

Virendra Pandit New Delhi: Dispelling fears in some quarters, Moody’s Ratings said on Wednesday that India is well-positioned to deal with the negative effects of the current US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the Indian economy. The media reported that government initiatives to boost […]

Business

Fundamentally Flawed: Nvidia CEO Huang on U.S. Export Policy Fueling China’s Own Chip Development

May 21, 2025 revoi editor

U.S. export controls on artificial intelligence chips to China were “a failure,” Nvidia Chief Executive Jensen Huang said on Wednesday. “All in all, the export control was a failure,” Huang said, adding, “The fundamental assumptions that led to the AI diffusion rule in the beginning, in the first place, have been proven to be fundamentally […]

Business

Indian stock market opens higher amid mixed global cues and sectoral buying

May 21, 2025 revoi editor

The Indian benchmark indices opened higher on Wednesday amid mixed global cues as buying was seen in the pharma, auto, PSU bank, and financial service sectors in the early trade. At around 9.35 am, Sensex was trading 296.53 points or 0.37 per cent, up at 81,482.97 while the Nifty added 88.90 point or 0.36 per […]

Business

India’s GDP growth in Q4 FY25 to remain robust around 6.4-6.5 pc: SBI report

May 21, 2025 revoi editor

Despite weathering effects precipitated by global upheavals, Indian economy stays largely resilient and is projected to clock a GDP growth around 6.4-6.5 percent in Q4 FY25, an SBI report said on Wednesday. To estimate GDP statistically, the State Bank of India’s Economic Research Department has built a ‘Nowcasting Model’ with 36 high frequency indicators associated […]