Defence

Business

Managing a crisis: Nirmala proposes ESF for resilience against global headwinds

March 13, 2026 revoi editor

Virendra Pandit   New Delhi: Finance Minister Nirmala Sitharaman on Friday proposed an “Economic Stabilization Fund” to provide fiscal headroom for the country to respond to unexpected global headwinds, the media reported. It will boost resilience against crises, such as those arising from the ongoing war in West Asia. The proposed Rs. 57,300 crores (USD […]

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Business

Markets: As Iran war, oil price hike continue, Sensex, Nifty tank 2%

March 13, 2026 revoi editor

Virendra Pandit   New Delhi: Equity market benchmark indices Sensex and Nifty ended sharply lower by nearly 2 percent on Friday, due to the escalating conflict in West Asia and surging oil prices. Moreover, heavy selling in global markets, persistent foreign fund outflows, and weakness in the rupee also dented investor sentiment. Brent crude climbed […]

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Business

Roving Periscope: The US-Israel war against Iran turns into a ‘windfall’ for Russia!

March 13, 2026 revoi editor

Virendra Pandit   New Delhi: When the US-Israel launched airstrikes against Iran on February 28, nobody—President Donald Trump included—had any idea that the escalating West Asian conflict would be a ‘windfall’ for Russia’s oil industry. That’s what has happened. Earlier, the US had tried to broker peace between Russia and Ukraine; now Russia has offered […]

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Business

Roving Periscope: Iran lists three demands to end the war

March 12, 2026 revoi editor

Virendra Pandit   New Delhi: A day after US President Donald Trump boasted that he could end the ongoing war in West Asia at his will, Iran listed three conditions to end the hostilities involving over a dozen countries in and around the volatile region, the media reported on Thursday. Late on Wednesday, Iranian President […]

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Business

Hospitality sector: Commercial LPG shortage hits hotels, restaurants across India

March 12, 2026 revoi editor

Virendra Pandit   New Delhi: With the government’s restrictions on supply of commercial LPG to businesses because of the ongoing West Asian war, hotels, restaurants, dhabas, and food outlets across several Indian cities have been badly hit and several marriage functions are going without the customary banquets, multiple media reports said on Thursday. And despite […]

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Business

Energy flow: Iran may allow Indian crude tankers to pass through the Strait of Hormuz

March 12, 2026 revoi editor

Virendra Pandit   New Delhi: Amid escalating war in West Asia and uncertainties in energy supply chains, Iran may allow a safe passage for Indian-flagged crude oil tankers to pass through the Strait of Hormuz even as Tehran tightened restrictions on vessels of Israel, Europe, the US, and some other countries, the media reported on […]

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Business

Roving Periscope: Iran vows to hit US-Israeli, economic, tech interests in West Asia

March 11, 2026 revoi editor

Virendra Pandit   New Delhi: On the 12th day of the ongoing fierce war in West Asia, Iran vowed to target American-Israeli banks and economic interests as well as technology companies in the war-torn region, the media reported on Wednesday. According to some reports, Iran may also target desalination plants across West Asia to create […]

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Business

First US refinery in 50 yrs: Trump thanks India’s Reliance, which is yet to comment

March 11, 2026 revoi editor

Virendra Pandit   New Delhi: President Donald Trump has said the first US crude oil refinery in 50 years will be set up in Texas, and thanked India’s Reliance Industries Ltd (RIL) for investment, the media reported on Wednesday. Reliance, however, is yet to comment, the reports said. The refinery is planned in Brownsville, Texas, […]

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Business

Energy security: India buys 30 mn barrels of Russian crude after the US “waiver”

March 11, 2026 revoi editor

Virendra Pandit   New Delhi: Amid the ongoing West Asian war since February 28, involving a dozen oil producing countries, and likely energy crisis ahead, Indian refiners have purchased nearly 30 million barrels of Russian crude oil, the media reported on Wednesday. A section of the media claimed this was the first purchase after the […]

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Business

Energy security: India invokes ECA, ESMA; directs OMCs to boost natural gas production

March 10, 2026 revoi editor

Virendra Pandit   New Delhi: Invoking emergency powers amid uncertainties in energy supplies because of the raging multinational war in the global energy hub of West Asia, the government has ordered state-run oil marketing companies in India to boost liquefied petroleum gas production to meet the country’s demands, and announced rules for smooth gas supplies, […]

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