Elections

Business

Sri Lanka: IMF approves third review of a $ 2.9 bn bailout, but warns of risks ahead

November 23, 2024 revoi editor

Virendra Pandit New Delhi: The International Monetary Fund (IMF) approved the third review of Sri Lanka’s USD 2.9 billion bailout package on Saturday but warned that the South Asian nation’s economy remains vulnerable, the media reported. Cash-strapped Sri Lanka plunged into a severe financial crisis in 2022, the worst since its independence from the […]

Business

Roving Periscope: Now, Canada says PM Modi, others “not involved” in Nizzar killing

November 22, 2024 revoi editor

Virendra Pandit New Delhi: After flexing muscles for over a year at the behest of the outgoing US Democrats,’ and political reverses at home, Canada has denied a media report that linked top Indian leaders to criminal activities, including the murder of Khalistan terrorist Hardeep Singh Nijjar on Canadian soil in June 2023. Nathalie […]

Elections

Markets: Heading into Trump II era, bourses bounce back; Sensex, Nifty up 2%

November 22, 2024 revoi editor

Virendra Pandit New Delhi: As Thursday’s market tremors, triggered by a report about a US probe into Adani Group in an alleged bribery case, calmed, the Indian bourses bounced back after several days of market corrections and Sensex and Nifty settled more than 2 percent on Friday, demonstrating investors’ overall confidence in the rising […]

Business

Benefits of digitalization: Drive removes 58 million fake ration cards from PDS

November 20, 2024 revoi editor

Virendra Pandit New Delhi: India’s massive digitization push has transformed the South Asian country’s Public Distribution System (PDS), setting new benchmarks for food security programs globally, the Union Food Ministry said on Wednesday. The overhaul of the PDS, which serves 80.6 crore beneficiaries, has led to the removal of 5.8 crore fake ration cards […]

Business

Economy: GDP growth may slip in Q2FY25 but pickup later, says ICRA

November 20, 2024 revoi editor

Virendra Pandit New Delhi: India’s rating agency ICRA, an affiliate of Moody’s, on Wednesday said the country’s real GDP growth in Q2FY25 is likely to decline to 6.5 percent because of heavy rains and weaker corporate performance during the second quarter (July-September) of 2024-25. The agency, however, maintained its overall FY25 growth estimate at […]

Business

Roving Periscope: Bibi offers $5m for the release of each Israeli hostage from Gaza

November 20, 2024 revoi editor

Virendra Pandit New Delhi: Two months ahead of Donald Trump retaking the White House and potentially changing the contours of the ongoing war in the Middle East (and Ukraine), Prime Minister Benjamin Netanyahu on Tuesday announced a USD 5 million reward for the release of each of the remaining Israeli hostages, still held captive […]

Business

Vladimir Putin: the Russian President may visit India “soon,” says the Kremlin

November 19, 2024 revoi editor

Virendra Pandit New Delhi: As the Russia-Ukraine war marked its 1,000th day on Tuesday, Russia said President Vladimir Putin may visit India “soon” to attend the bilateral meeting between Moscow and New Delhi. If the dates are confirmed, he will attend the third bilateral meeting with Prime Minister Narendra Modi since the start of […]

Business

New Zealand: “The Maori nation has been born,” as natives march to parliament

November 19, 2024 revoi editor

Virendra Pandit New Delhi: Tens of thousands of the Maori community members, native people of what later became known as New Zealand, on Tuesday marched to parliament in the capital Wellington to protest against a controversial bill striking at the core of the country’s founding principles and diluting the rights of Māori people. Hīkoi […]

Business

Roving Periscope: Moscow alters nuclear doctrine as Biden digs the pitch for Trump

November 19, 2024 revoi editor

Virendra Pandit New Delhi: Having lost the Democratic Party’s nomination to his deputy Kamala Harris in July—who also lost the presidential election this month—and left with no second shot at the White House he could rule from only four years, the outgoing US President Joe Biden may now be digging the pitch for his […]

Business

Roving Periscope: Post-Trump comeback, G-20 meet may look lackluster

November 18, 2024 revoi editor

Virendra Pandit New Delhi: Being held in the shadow of Donald Trump’s return to the White House in two months, the upcoming Group of 20 Summit in Brazil, beginning on Tuesday, may appear lackluster and discuss the ‘new situation’ besides pending issues like fighting poverty, boosting climate financing and other multilateral initiatives that could […]