Defence

Business

Roving Periscope: Amid Iran war, Russia offers more crude to India

April 3, 2026 revoi editor

Virendra Pandit New Delhi: With no early end likely in the ongoing West Asian war, Russia has offered to increase supply of crude oil and natural gas to India as the two sides agreed to further enhance the overall bilateral ties, the media reported on Friday. As energy crisis is driving volatility in the […]

Business

Iran war: Hormuz Strait closed due to “illegal action” of the US, Israel, says China

April 2, 2026 revoi editor

Virendra Pandit New Delhi: Stating that it is communicating “with all parties,” China said on Thursday that the key Strait of Hormuz was closed to an “illegal action” by the United States and Israel, the media reported. China has been the largest buyer of Iranian oil, importing an estimated 1.38 million barrels per day […]

Business

Indirect taxes: In FY26, govt exceeds targets, collects over Rs. 15.52 trillion

April 2, 2026 revoi editor

Virendra Pandit New Delhi: The Government of India has marginally exceeded the indirect tax collection target for the previous fiscal year (2025-26), the media reported on Thursday. The total indirect tax collection, which includes customs, excise and GST, as per Revised Estimates (RE) was pegged at over Rs.15.52 lakh crores for FY26. This includes […]

Business

Roving Periscope: Trump dubs NATO a “paper tiger,” says the US may pull out!

April 1, 2026 revoi editor

Virendra Pandit New Delhi: Utterly frustrated, even shocked, at European ‘allies’ rejecting his appeal to join the US-Israeli war against Iran, President Donald Trump has criticised the North Atlantic Treaty Organization (NATO) as “cowards” and a “paper tiger,” and said he was considering pulling out of the military alliance formed in April 1949 primarily […]

Business

Markets: Amid war and hope, FY27 begins with Sensex, Nifty gaining over 1.5%

April 1, 2026 revoi editor

Virendra Pandit New Delhi: Hours before US President Donald Trump’s scheduled address to his nation on the ongoing Iran war, the new financial year in India (2026-27) began on an optimistic note on Wednesday, with key benchmark indices, Sensex and Nifty50, gaining over 1.5 percent in tandem with a sharp rally in global markets […]

Business

Defence: Israeli firm delivers first batch of LMGs to India

April 1, 2026 revoi editor

Virendra Pandit New Delhi: A leading Israeli small arms manufacturer has delivered the first batch of light machine guns (LMGs) to India under the ‘Make in India’ initiative, along with technology transfer. The first batch of 2,000 NEGEV 7.62×51 LMGs, part of a larger contract for 41,000 units, was delivered over the last […]

Business

Crude oil: After 7 years, India may receive first vessel from Iran on April 4

April 1, 2026 revoi editor

Virendra Pandit New Delhi: With the US allowing a 30-day window for buyers of Iranian oil “on the water”, India is expected to receive the first crude oil vessel from Iran this week after seven years, the media reported on Wednesday. The tanker left Kharg Island around March 4, with a declared ETA to […]

Business

Palestine: Hundreds protest in West Bank against Israeli law of death sentence

March 31, 2026 revoi editor

Virendra Pandit New Delhi: Amid the escalating war in West Asia, hundreds of people protested on Tuesday in West Bank against a new Israeli law ‌making ‌the ‌death ⁠penalty ⁠a default sentence for Palestinians ‌convicted in military ‌court of deadly attacks and murdering the Jews, the media reported. The legislation has drawn international criticism […]

Business

Roving Periscope: Iran ignores Trump threats; to levy toll on Hormuz passage

March 31, 2026 revoi editor

Virendra Pandit New Delhi: Ignoring the repeated threats of President Donald Trump, and amid the raging war in West Asia involving a dozen countries, Iran has approved a law to levy toll on ships passing through the Strait of Hormuz, from which it has also banned passage of vessels of the US, Israel, and […]

Business

West Asia: Iran war could erode 1% of India’s real GDP in FY27

March 31, 2026 revoi editor

Virendra Pandit New Delhi: If the ongoing US-Israel war against Iran persists through the next fiscal, beginning Wednesday (April 1), India’s real GDP growth for FY27 could erode by around 1 percentage point, while retail inflation could rise by about 1.5 percentage points from their baseline estimates, an EY Economy Watch report said on […]