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Business

Roving Periscope: EU welcomes Ukraine ceasefire decision; Trump to call Putin

March 12, 2025 revoi editor

Virendra Pandit New Delhi: The European Union on Wednesday welcomed Ukraine’s decision to agree to a 30-day ceasefire with Russia, an outcome that emerged following talks between American and Ukrainian negotiators in Saudi Arabia, as Washington decided to resume intelligence sharing and security assistance to Ukraine. Welcoming it, the 27-nation EU said it is […]

Business

Economy: India’s growth in FY26 to exceed 6.5%, says Moody’s Ratings

March 12, 2025 revoi editor

Virendra Pandit New Delhi: Painting a rosy picture ahead, Moody’s Ratings on Wednesday said India’s economic growth will exceed 6.5 percent in the current financial year FY26 (2025-25), the media reported. Following a temporary slowdown in mid-2024, India’s economic growth is expected to reaccelerate and record one of the fastest rates among large economies […]

Business

Trump tariffs: India says “no commitment to cut tariffs” so far

March 11, 2025 revoi editor

Virendra Pandit New Delhi: Even as US President Donald Trump is building up pressure on India—and other countries—to cut tariffs on their imports from America, India on Tuesday clarified that it has not committed so far to slashing import duties on US products. This came within days after President Donald Trump announced that New […]

Business

Terror on wheels: Baloch separatists ‘hijack’ train in Pak, kill six, and take 120 hostages

March 11, 2025 revoi editor

Virendra Pandit New Delhi: Amid the ongoing conflict between the Pakistan Army and terrorists of various shades, a group of Baloch separatists injured many as they also ‘hijacked’ an entire passenger train, the media reported on Tuesday. While the local government acknowledged the attack on the Jaffar Express, a Baloch separatist group claimed that […]

Business

Banking: IndusInd Bank in trouble after a 27% fall in stock price; Hinduja reassures

March 11, 2025 revoi editor

Virendra Pandit New Delhi: The share price of IndusInd Bank plunged 27 percent on the bourses on Tuesday after it reported its net worth was hit by discrepancies in derivative accounts, the media reported. Experts believe the ongoing slew of negative events, as evidenced by this latest episode, could shake investors’ confidence. However, the […]

Business

Roving Periscope: The US wrests back initiative from China in the Mideast

March 11, 2025 revoi editor

Virendra Pandit New Delhi: With his recent threats to wipe out whatever remains of Hamas and make Gaza another ‘American enclave’, and now pushing President Volodymir Zelenkyy to Saudi Arabia for peace talks on Ukraine, US President Donald Trump has, in less than two months, wrested Western initiative in the volatile region from China […]

Business

INR: Amid global uncertainties, rupee loses 38 paise, sinks to 87.33/USD

March 10, 2025 revoi editor

Virendra Pandit New Delhi: The Indian rupee depreciated by 38 paise, its steepest fall in over a month, to close at 87.33 (provisional) against the greenback on Monday due to volatile crude oil prices amid tariff uncertainties worldwide and unabated outflow of foreign funds. A weaker American currency failed to support the local unit […]

Business

Roving Periscope: Carney, Trump’s new enemy, to replace Trudeau as Canadian PM

March 10, 2025 revoi editor

Virendra Pandit New Delhi: Mark Carney, 59, was elected as the new Liberal Party leader on Sunday to replace Justin Trudeau as the new Canadian Prime Minister six months ahead of the scheduled parliamentary elections by October 2025. He may find his task cut out from the word go: He has to deal with […]

Business

Roving Periscope: Trump says India to cut ‘high tariffs’

March 8, 2025 revoi editor

Virendra Pandit New Delhi: As Union Minister for Industry and Commerce Piyush Goyal wrapped up his week-long visit to the US on bilateral trade talks, President Donald Trump said India has agreed to cut ‘high tariffs.’ On Friday, he said India has agreed to “cut their tariffs way down,” signalling a potential shift in […]

Business

Trump effect: “India, China should support each other,” says Chinese FM!

March 7, 2025 revoi editor

Virendra Pandit New Delhi: Under mounting pressure from US President Donald Trump on a variety of issues, China’s Foreign Minister Wang Yi on Friday said India and China should tango together and support each other, the media reported. Citing the recent developments in the bilateral relations between the two countries, he said the two […]