Global Indians

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

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

FDI: Norms eased for countries sharing India’s borders, including China

March 10, 2026 revoi editor

Virendra Pandit   New Delhi: India on Tuesday eased norms for foreign direct investment (FDI) from all countries, including China, that share land borders with India, the media reported. The decision was taken in a meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi. Countries that share land borders with India are China, […]

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Business

Crude conundrum: Oil prices fall despite Iran mocking Trump’s end-of-war soon claims

March 10, 2026 revoi editor

Virendra Pandit   New Delhi: Despite the West Asian crisis escalating due to the ongoing Iran war, crude oil prices slumped over 8 percent on Tuesday to USD 87.81 (Rs. 8,069) per barrel in futures trade following comments from US President Donald Trump that the conflict may be nearing its end, easing fears of prolonged […]

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Business

Roving Periscope: Iran insists on war as Trump tries to ‘wriggle out’!

March 10, 2026 revoi editor

Virendra Pandit   New Delhi: Under pressure from his Republican supporters fearing political reverses ahead of the US Congress midterm elections this year, while President Donald Trump appeared to ‘wriggle out’ of it all to minimise losses by declaring the ongoing war in West Asia will “end soon,” Iran insisted that it will determine the […]

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Business

Mideast war: IMF chief asks policymakers to be ready for a “new normal”

March 9, 2026 revoi editor

Virendra Pandit   New Delhi: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that lengthy hostilities in West Asia would risk hitting markets and economies, while throwing up unexpected challenges that require policymakers to prepare for a “new normal,” the media reported “If the new conflict proves prolonged, it has clear and […]

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West Asia: Nirmala, Jaishankar explain impact of war crisis on India

March 9, 2026 revoi editor

Virendra Pandit   New Delhi: External Affairs Minister S. Jaishankar said on Monday that India advocates de-escalation and return to dialogue and diplomacy in the war-torn West Asia (Middle East), as Finance Minister Nirmal Sitharaman told Parliament that the impact of global crude price rise on inflation is not estimated to be substantial at this […]

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Business

Markets: Bloodbath on Dalal Street as Mideast war, oil crisis, plunge Sensex, Nifty 1.7% down

March 9, 2026 revoi editor

Virendra Pandit   New Delhi: Equity benchmark indices Sensex and Nifty nosedived 1.7 percent on Monday as soaring crude oil prices and weak global trends due to the worsening situation in West Asia triggered a sharp sell-off in the stock market, the media reported. The BSE Sensex tanked 1,352.74 points, or 1.71 percent, to settle at […]

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Business

Roving Periscope: Mojtaba succeeds his slain father Ayatollah Khameini in Iran

March 9, 2026 revoi editor

Virendra Pandit   New Delhi: Despite Israel’s repeated warnings to kill anyone who succeeded slain Ayatollah Syed Ali Khameini, Iran on Monday declared his son Mojtaba as the next Supreme Leader, even as the Mideast’s war involving a dozen countries and creating global energy crisis entered the 10th day, causing wanton destruction and killing of […]

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