Business

Business

Book row: India replaces KV Subramanian ahead of IMF meeting on Pak loans

May 6, 2025 revoi editor

Virendra Pandit New Delhi: Ahead of the International Monetary Fund (IMF)’s crucial meeting on Friday to finalize the USD 1.33 billion instalment of the USD 7 billion bailout package to rescue Pakistan’s ‘cashless’ economy, India has sacked its representative K.V. Subramanium, New Delhi’s nominee on the global lender’s board, six months before his term […]

Business

Sensex, Nifty open flat amid mixed global cues

May 6, 2025 revoi editor

Indian equity indices opened on a flat note on Tuesday amid mixed global cues and ongoing geopolitical tensions. At 9:18 am, the Sensex was down 11 points at 80,785, while the Nifty declined 8 points to trade at 24,452. Selling pressure was witnessed in the broader markets. The Nifty Midcap 100 index dropped 126 points, […]

Business

Petro products: Petrol and diesel demands rise in April

May 5, 2025 revoi editor

New Delhi: India’s petrol and diesel consumption rebounded in April as it recorded a 4 per percent increase in demand after months of low or negative growth, the media reported on Monday. The demand grew primarily because of increasing consumption in summer. Diesel, India’s most consumed petroleum fuel, recorded a growth of 2 per percent […]

Business

Global economy: Trump tariffs slow down activity—but India may be a ‘winner’

May 5, 2025 revoi editor

Virendra Pandit New Delhi: Within four months of his second inauguration at the White House on January 20, 2025, US President Donald Trump’s controversial tariff war has dragged the global economy down, barring exceptions, the media reported on Monday. His tariffs are increasingly clogging up the wheels of a world economy which for decades […]

Business

Pakistan: Putin dials PM Modi, to visit India, backs its fight against terrorism

May 5, 2025 revoi editor

Virendra Pandit New Delhi: Russian President Vladimir Putin on Monday dialed Prime Minister Narendra Modi, strongly condemned the Hindu-only massacre by Muslim terrorists at Pahalgam in Jammu and Kashmir on April 22, and expressed “full support” to India in the fight against terrorism sponsored by Pakistan. President Putin emphasized that the perpetrators of the […]

Business

Nifty, Sensex open higher; Adani Ports, Titan among top gainers

May 5, 2025 revoi editor

Indian equity benchmarks opened on a positive note on Monday, supported by strong buying interest in heavyweight stocks such as Adani Ports, Asian Paints, Titan, and Tata Motors. As of 9:22 am, the BSE Sensex was up 280 points, or 0.35%, at 80,782, while the NSE Nifty rose 90 points, or 0.37%, to trade at […]

Business

Trump says Hollywood ‘dying’; orders 100% tariff on non-US movies to save it

May 5, 2025 revoi editor

U.S. President Donald Trump on Sunday announced a 100% tariff on movies produced outside the country, saying the U.S. movie industry was dying a “very fast death” due to the incentives that other countries were offering to draw American filmmakers. “This is a concerted effort by other nations and, therefore, a national security threat. It […]

Business

Australia and New Zealand pledge support for film industries after Trump proposes tariffs

May 5, 2025 revoi editor

Australia and New Zealand said on Monday they would advocate for the two countries’ film industries, after U.S. President Donald Trump announced a 100% tariff on movies produced outside the country. Australia’s home affairs minister Tony Burke said he had spoken to the head of the government body Screen Australia about the proposed tariffs. “Nobody […]

Business

Trump says he wants a fair trade deal with China

May 5, 2025 revoi editor

U.S. President Donald Trump on Sunday said the U.S. was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal. Trump told reporters aboard Air Force One that he had no plans to speak with Chinese President Xi Jinping this week, but U.S. […]

Business

Tit-for-tat: India bans import of all Pakistan-originated goods, stops shipping

May 3, 2025 revoi editor

Virendra Pandit New Delhi: Tightening the noose around Islamabad’s neck, India on Saturday banned the import of all Pakistan-originated goods with immediate effect, the media reported. The Directorate-General of Foreign Trade (DGFT) said the ban will take effect immediately, as per a May 2 notification. “This restriction is imposed in the interest of national […]