Important Stories

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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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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