Global Indians

Business

Economy: Moody’s cuts India growth forecast for 2026 to 6%

May 12, 2026 revoi editor

Virendra Pandit   New Delhi: Citing subdued private consumption, capital formation, and industrial activity amid higher energy costs cited as reasons, global agency Moody’s Ratings on Tuesday slashed India’s GDP growth forecast for year 2026 by 0.8 percentage points to 6 per cent, the media reported. In its Global Macro Outlook May update, it said […]

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Business

Roving Periscope: After PM Modi’s austerity appeal, Kotak warns of the “shock” ahead

May 12, 2026 revoi editor

Virendra Pandit   New Delhi: After Prime Minister Narendra Modi’s appeal to the people, twice in two days, to take some austerity measures, leading banker Uday Kotak on Tuesday warned that the global economy is on the verge of a significant “shock” as the delayed consequences of the prolonged US-Iran war are set to kick […]

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Business

Roving Periscope: Even on ‘peace proposals’ the US clashes with Iran!

May 11, 2026 revoi editor

Virendra Pandit   New Delhi: See the irony: on the 73rd day of the West Asian war, the US and Iraan clashed over the latest ‘peace proposals,’ which President Donald Trump found “totally unacceptable,” and, as is his wont, reiterated his threats and warnings to Tehran umpteenth time. Diplomatic efforts to forge a peace deal […]

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Business

Economy: BMI forecast India’s growth lower at 6.7% in FY27

May 11, 2026 revoi editor

Virendra Pandit   New Delhi: With no end in sight to the ongoing West Asian war, its impact on global economies and energy security, and Prime Minister Narendra Modi’s appeal to Indians to observe austerity, India’s economic growth is likely to decelerate in the current financial year, the media reported on Monday. BMI, a Fitch […]

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Business

Markets: Amid W. Asian tensions, and PM Modi’s cautions, Indian bourses lose over 1.4%

May 11, 2026 revoi editor

Virendra Pandit   New Delhi: Amid ongoing war uncertainties in West Asia, crude price increase, and Prime Minister Narendra Modi cautioning the people on five counts, Indian markets’ benchmark indices lost over 1.4 percent on Monday. On Sunday, PM Modi appealed to the people to stop buying gold for a year, prioritize working-from-home, reduce fuel […]

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Business

Doublespeak: Peeved at Islamabad, the UAE expels thousands of Pakistani Shias

May 9, 2026 revoi editor

Virendra Pandit   New Delhi: With Pakistan trying to be too clever by half, the UAE has reportedly expelled thousands of Pakistani Shia workers in recent weeks amid the ongoing Iran war, the media reported on Saturday. This is a fresh serious blow to a nearly bankrupt Pakistan, adding strain to already troubled ties between […]

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Defence

Hantavirus: Spain braces for more as the US plans rescue of Americans on the ship

May 9, 2026 revoi editor

Virendra Pandit   New Delhi: Residents of Spain’s Canary Islands panicked on Saturday, expecting an unpredictable situation as civil guard officers inspected the area where passengers from the Dutch-flagged MV Hondius luxury cruise ship would arrive within hours at the port of Granadilla in Tenerife, the media reported. Spain’s Canary Islands braced for the worst […]

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Business

Roving Periscope: Indian sailor dies amid intermittent ‘ceasefires’ between the US and Iran

May 9, 2026 revoi editor

Virendra Pandit   New Delhi: An Indian sailor was killed and several others injured after their wooden dhow caught fire near the Strait of Hormuz, the media, quoting government sources, said on Saturday. Seventeen other Indian crew members were rescued after the incident on Friday, they said, adding the exact cause of the blaze is […]

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Business

‘In-house enemies:’ Ahead of Trump visit, China sentences two defence ministers to death!

May 7, 2026 revoi editor

Virendra Pandit   New Delhi: Ahead of US President Donald Trump’s scheduled visit next week to China, Beijing has sentenced two former defence ministers to ‘suspended’ death sentences on alleged corruption charges, the media reported on Thursday. A military court on Thursday sentenced Wei Fenghe and Li Shangfu to death with a two-year reprieve. This […]

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Business

Roving Periscope: Trump to meet ‘frenemy’ Xi next week in Beijing—with little expectations

May 7, 2026 revoi editor

Virendra Pandit   New Delhi: Amid the ongoing geopolitical circus in West Asia, the US imposing huge tariffs on China last year and blockading the Strait of Hormuz chiefly to halt the flow of Iranian oil to China recently, pulling Islamabad away from Beijing, and the Taiwan tensions, President Donald Trump will meet his Chinese […]

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