West Asia

Here's what leading brokerages expect from India Inc. in Q1-FY27 and a deep dive into expectations across companies in the frontline sectors.

Iranian media reported explosions early Wednesday local time in the southern port city of Sirik, on Qeshm Island, and in Bandar Abbas. No civilian deaths were reported, but several people were injured

The finance ministry said over 140,000 guarantees worth more than Rs 1.55 trillion have been issued under ECLGS 5.0, with MSMEs accounting for the overwhelming majority of beneficiaries

That was no small achievement. India imports nearly 90 per cent of its crude oil and around 60 per cent of its LPG, much of it normally arriving from the Gulf

Senior industry officials say that New Delhi is ignoring a cleaner burning fuel, which offered more supply security during the war compared to crude oil and LPG

The Middle East is now entering a different kind of conflict-one driven not by military confrontation, but by the battle for market share in global oil markets.

The Indian Gas Exchange's benchmark gas price index rose sharply in April as supply constraints linked to the West Asia crisis pushed up prices despite a surge in traded volumes

The official statement said that of the remaining five vessels, three are carrying urea and one is carrying ammonia. All are scheduled to leave for India in the next few days

The government is exploring coal gasification-based ammonia for new urea plants to cut LNG dependence, boost energy security and reduce fertiliser subsidies

The government has pushed the pedal on its disinvestment and asset monetisation plan in the current fiscal, raising about 31 per cent of its full-year budgeted target in the first quarter itself. Recording the fastest pace of disinvestment ever in the first quarter of any fiscal, the period between mid-May and June this year saw one offer for sale from the government every week for disinvestment of public sector enterprises. Faced with the stress of increased expenditure on subsidy due to a higher import bill, the government is making all-round efforts to garner revenues, especially from the non-tax side. Over the past six weeks, offer for sale (OFS) of six public sector enterprises hit the capital markets wherein the government garnered a cumulative Rs 18,561 crore. The six entities are Central Bank of India, Coal India, NHPC, NLC India, GIC and IRFC. Separately, Rs 6,367 crore has come from asset monetisation under the Infrastructure Investment Trust (InvIT). As against the ful

West Asia's economic transformation presents India with new opportunities in infrastructure, trade, logistics and digital partnerships, strengthening regional integration

President Donald Trump says US-Iran talks in Qatar are progressing well, expressing optimism over denuclearisation efforts and discussions on a lasting ceasefire

The UN trade agency said vulnerable economies could continue to face elevated food, fuel and transport costs even after energy markets stabilise following the reopening of the Strait of Hormuz

HUL chairman says higher commodity costs following the West Asia conflict will weigh on Q1, but expects easing ahead and says the company remains well placed to manage short-term volatility

Fx volatility may rise if oil prices spike due to supply chain risks

Prime Minister Narendra Modi had a telephonic conversation on Tuesday with President of Iran Masoud Pezeshkian, who briefed him on the recent developments in West Asia and the way forward. The Prime Minister said he reiterated in his interaction with the Iranian leader the importance of freedom of navigation in the Strait of Hormuz for India and the world. Prime Minister Modi welcomed the understanding reached, and reiterated India's consistent position that all issues must be resolved through dialogue and diplomacy, a statement issued by the Prime Minister's Office (PMO) said. Modi reiterated the need for continued efforts to ensure lasting peace and stability in the region, and for safeguarding freedom of navigation and commerce. During the telephonic conversation, the President of Iran briefed Prime Minister Modi on the recent developments in West Asia and the way forward, the statement said. Modi also wrote on 'X': "Spoke with the President of Iran, Dr. Masoud Pezeshkian, on

Extended Strait of Hormuz disruption could fuel inflation, weaken the rupee, widen the current account deficit and crowd out private investment, says report

Shell says normal shipping through the Strait of Hormuz could keep global LNG trade flat in 2026, with growth expected to resume in 2027 as new supply comes online

The extension, prompted by supply-chain disruptions arising from the West Asia conflict, will continue to provide relief to industries dependent on critical petrochemical imports

Iran says no talks with the US are scheduled, clarifying its delegation's Qatar visit is unrelated and that priority remains implementing the existing MoU