Defence

Business

Roving Periscope: Despite China’s protests, the US to sell weapons worth $11bn to Taiwan

December 18, 2025 revoi editor

Virendra Pandit New Delhi: In one of the largest-ever defence deals, the US on Wednesday announced to sell USD 11.1 billion worth of weapons to Taiwan, which has irked China in what is seen as a fresh cause of tension between the two largest economies, which President Donald Trump had underlined as bipolarity, or […]

Business

Indian currency: Rupee recovers 55 paise, closes at 90.38/ US dollar

December 17, 2025 revoi editor

Virendra Pandit New Delhi: The Indian rupee on Wednesday recovered 55 paise from its all-time low level to close at 90.38 (provisional) against the US dollar after a volatile trade, amid likely aggressive RBI intervention, the media reported. Experts said the rupee’s recent fall against the US dollar was primarily driven by external factors, not […]

Business

Bangladesh: Ahead of Feb polls, anti-India outfits compete with each another

December 17, 2025 revoi editor

Virendra Pandit New Delhi: Ahead of the proposed parliamentary elections in February 2026 in Bangladesh, political outfits’ competitive anti-India stance forced New Delhi on Wednesday to summon Dhaka’s High Commissioner to register its strong protest, the media reported. The Ministry of External Affairs (MEA) summoned Bangladesh High Commissioner M Riaz Hamidullah over concerns regarding […]

Business

Tariffs: Trade is being weaponized, says Nirmala Sitharaman

December 17, 2025 revoi editor

Virendra Pandit New Delhi: Union Finance Minister Nirmala Sitharaman on Wednesday said global trade is increasingly “getting weaponised” through tariffs and other measures, and India will have to negotiate its way carefully. She said that the overall strength of the economy will give the country an added advantage, the media reported her as saying […]

Business

Roving Periscope: Russia demands frozen assets worth USD 229 bn from Europe

December 16, 2025 revoi editor

Virendra Pandit New Delhi: Russia has filed a lawsuit seeking 18.2 trillion rubles (USD 229 billion) in damages from Europe’s largest securities depository, Euroclear, the Interfax news agency said. The legal move comes as the European Union (EU) debates how to use frozen Russian sovereign assets to support war-ravaged Ukraine. Euroclear holds around 185 billion euros (USD […]

Business

Depreciation: Indian rupee falls 23 paise to close at 91.01 per US dollar

December 16, 2025 revoi editor

Virendra Pandit New Delhi: The Indian rupee fell 23 paise against the US dollar to settle at a new all-time low of 91.01 (provisional) on Tuesday, weighed down by relentless foreign fund outflows, the lack of a breakthrough in the India-US trade deal, and persistent US dollar buying. During the Tuesday session, the rupee […]

Business

Trade: Despite steep US tariffs, Indian exports grow, says govt

December 15, 2025 revoi editor

Virendra Pandit New Delhi: Driven by a fall in gold, oil, and coal imports, and despite steep US tariffs, India’s trade deficit narrowed from USD 41.68 billion in October to USD 24.53 billion in November 2025, according to the official data released by the government on Monday. Trade, including merchandise and services, recorded exports […]

Business

H-1B visa: California, other states challenge Trump’s steep fee hike

December 13, 2025 revoi editor

Virendra Pandit New Delhi: California and 19 other US states filed a fresh lawsuit on Friday seeking to block President Donald Trump’s USD 100,000 fee on new H-1B visas for highly-skilled foreign workers, the media reported on Saturday. The states joining California in the lawsuit include New York, Massachusetts, Illinois, New Jersey, and Washington. […]

Business

Roving Periscope: How a US firm smuggled out Venezuelan woman to receive the Nobel Peace Prize?

December 13, 2025 revoi editor

Virendra Pandit New Delhi: It may become the stuff of a Hollywood movie: an American company, with support from the US military, smuggling out a Nobel Peace Prize awardee from Venezuela, against which President Donald Trump is waging a war! Even after months of multiple ceasefire claims, manipulated nominations, and an active campaign, Trump […]

Defence

Pakistan: With gains fragile, IMF tightens noose, slaps 11 more conditions

December 12, 2025 revoi editor

Virendra Pandit New Delhi: The International Monetary Fund (IMF) has slapped 11 new conditions on Pakistan under its USD 7 billion bailout programme to crack down on corruption in the South Asian country. The move raised the total compliance requirements on Pakistan to 64 over 18 months, according to the Fund’s staff-level report for […]