Political

Business

LPG: West Asian war-related shortages pull down gas consumption in India

March 17, 2026 revoi editor

Virendra Pandit New Delhi: Amid the raging war in West Asia, causing shortages of liquefied petroleum gas (LPG) worldwide, the cooking gas consumption in India has slumped over 17 percent in the first two weeks of March 2026, the media reported on Tuesday. Citing preliminary industry data, the report said the LPG consumption in […]

Business

Economy: India to remain the world’s fifth-largest economy in FY27

March 17, 2026 revoi editor

Virendra Pandit New Delhi: India will remain the world’s fifth-largest economy in the fiscal year 2026-27, V. Anantha Nageswaran, Chief Economic Advisor to the Government of India, said on Tuesday. Dr. Nageswaran told a parliamentary panel that India will retain this position mainly on account of base-year revision and exchange rate, the media reported. […]

Business

LPG: India negotiating with Iran for safe passage of six more ships from Hormuz Strait

March 16, 2026 revoi editor

Virendra Pandit New Delhi: After securing transit of two gas tankers from the Strait of Hormuz, India is negotiating with Iran to secure safe passage for six more LPG tankers carrying about 270,000 metric tonnes of cooking fuel through the narrow waterway amid disruptions caused by regional conflict, the media reported on Monday. The […]

Business

FTA: India negotiating deals with Australia, Sri Lanka, Peru, Chile, and others

March 16, 2026 revoi editor

Virendra Pandit New Delhi: India is currently negotiating six major Free Trade Agreements (FTA) with countries and regional groups, including Australia, Sri Lanka, Peru, Chile, the Eurasian Economic Union (EEU), and Israel, as part of its efforts to expand global trade partnerships. New Delhi is also advancing other trade initiatives, including agreements with the […]

Business

Roving Periscope: Trump frustrated as US allies deny help to protect Hormuz from Iranian attacks

March 16, 2026 revoi editor

Virendra Pandit New Delhi: With even the US’ allies saying “No” to his calls to help protect the Strait of Hormuz from Iranian attacks, a frustrated President Donald Trump warned these countries of a “very bad” future if they do not help the USA reopen the narrow waterway linking the Gulf of Persia with […]

Business

Roving Periscope: War escalates as the US bombs Kharg island, defiant Iran’s “crown jewel”

March 14, 2026 revoi editor

Virendra Pandit New Delhi: The two-week-long war of the US-Israel against Iran escalated on Saturday when America bombed military targets on Iran’s “crown jewel”, Kharg Island in the Persian Gulf, the media reported. US President Donald Trump said American forces executed one of the most powerful bombing raids in the history of the […]

Business

Haldia: PM Modi commissions India’s 1st fully-automated dry bulk facility

March 14, 2026 revoi editor

Virendra Pandit Ahmedabad: Prime Minister Narendra Modi on Saturday commissioned the Haldia Bulk Terminal (HBT), India’s first fully-automated dry bulk facility, and formally dedicated it to the nation. Designed to handle dry bulk cargo at an annual capacity of 4 million metric tons per annum (MMTPA), the terminal is a fully automated bulk facility […]

Business

Energy security: Two Indian LPG-carrying tankers coming via the Strait of Hormuz

March 14, 2026 revoi editor

Virendra Pandit New Delhi: After deft diplomacy between India and Iran this week, two Indian tankers carrying liquefied petroleum gas (LPG) have crossed the embattled Strait of Hormuz and are heading home, the media reported on Saturday. The LPG carrier Shivalik is carrying approximately 40,000 metric tons of gas, while Nanda Devi is also […]

Business

Iraq: US refuelling aircraft crashes; four of six crew members killed

March 13, 2026 revoi editor

Virendra Pandit New Delhi: Four of six crew members onboard the United States Air Force KC-135 midair refuelling aircraft, that crashed in western Iraq on Thursday, have died, the US Central Command (CENTCOM) said in an X post on Friday. Efforts to rescue the other two are ongoing, it said, according to media reports. […]

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 […]