West Asia

India needs energy storage policy to manage supply shocks: S&P Global

S&P Global said India requires a comprehensive energy storage policy to tackle supply disruptions amid high dependence on crude oil, LNG and LPG imports

Updated On: 06 May 2026 | 9:57 PM IST

US informed Iran about Project Freedom via private message: Report

The move suggests that by giving the information in advance, the US wanted to mitigate the risk of potential escalation during the ceasefire, the report stated

Updated On: 06 May 2026 | 5:06 PM IST

US, Iran closing in on one-page memo to end war as talks progress: Report

The US expects Iranian responses on several key points within the next 48 hours. However, it also cautioned that no agreement has been reached yet

Updated On: 06 May 2026 | 2:57 PM IST

2W industry to grow high single digits despite West Asia crisis: Hero

About 21.71 mn two-wheelers were sold in India in FY26, recording a 10.7% year-on-year growth, primarily driven by the GST rate cuts implemented in September 2025

Updated On: 06 May 2026 | 2:41 PM IST

L&T top loser among Sensex stocks, down 4% in firm market; here's why

Q4 execution was impacted by ₹5,000 crore revenue slippage due to supply chain disruptions in the Middle East and delays in water projects, indicating near-term execution headwinds.

Updated On: 06 May 2026 | 10:22 AM IST

Iran enforces new rules in Hormuz; mandates prior permits for vessels

Shipping companies planning to navigate the chokepoint will now receive electronic instructions from an address affiliated with the Persian Gulf Strait Authority

Updated On: 06 May 2026 | 10:18 AM IST

Asian markets hit records on AI euphoria, US-Iran peace deal hopes

MSCI's broadest index of Asia-Pacific shares outside Japan jumped 2.3 per cent to a fresh record, led by a 5.1 per cent surge in South Korea's Kospi

Updated On: 06 May 2026 | 7:50 AM IST

Trump says great progress in agreement with Iran, suspends Project Freedom

President Donald Trump has suspended "Project Freedom," to escort ships through the Strait of Hormuz, claiming progress in negotiations with Iran toward an agreement to end the war. In a post on Truth Social, Trump said, "Great progress has been made toward a complete and final agreement withrepresentatives of Iran." "Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed," Trump said.

Updated On: 06 May 2026 | 6:21 AM IST

Apaches, Seahawks strike six Iranian boats as US launches Project Freedom

The helicopters were deployed to carry out armed patrol, escort and rapid-response strike missions against fast-moving small craft targeting merchant vessels and warships

Updated On: 05 May 2026 | 2:12 PM IST

Geopolitical events rarely cause lasting damage to growth: Radhakrishnan

Near-term earnings may face pressure from geopolitical tensions, but improved valuations and strong fundamentals keep India's long-term market outlook intact

Updated On: 04 May 2026 | 11:37 PM IST

Crude at $125: Why Oil Is not hurting Indian oil firms as much as expected | West Asia war

Brent crude has surged to a four-year high of $125 per barrel. But there’s an unexpected twist. Falling spot premiums are cushioning the blow for India’s oil companies.

Updated On: 04 May 2026 | 3:35 PM IST
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Iran vows kinetic response to Trump's naval mission in Strait of Hormuz

The US operation, intended to escort stranded vessels out of the strategic waterway, is reportedly scheduled to commence within the coming hours

Updated On: 04 May 2026 | 2:14 PM IST

How Iran war is fueling a global pistachio crisis | US-Iran war | Trump | West Asia war

A war thousands of kilometres away is now hitting dessert shelves worldwide. From viral Dubai chocolate bars to baklava and ice cream, pistachio prices are soaring as conflict in Iran disrupts global

Updated On: 04 May 2026 | 12:09 PM IST
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'Sell in May' not a good approach in 2026, says tech analyst Ajit Mishra

Nifty may remain rangebound in near-term; investors may prefer a calibrated strategy - staying invested while selectively booking profits in overheated stocks, says Ajit Mishra of Religare Broking.

Updated On: 04 May 2026 | 11:18 AM IST

West Asia conflict: Indian carriers cut 25% weekly int'l flights in May

Several foreign carriers have expanded operations to India

Updated On: 03 May 2026 | 11:59 PM IST

Statsguru: Trouble in India's fertiliser sector amid West Asia crisis

Russia and Saudi Arabia were the largest sources for India's fertiliser imports in FY26

Updated On: 03 May 2026 | 11:35 PM IST

West Asia crisis does not change long-term growth outlook: Chirag Setalvad

Near-term earnings may face pressure from geopolitical risks and oil prices, but improved valuations and strong fundamentals keep India's long-term equity story intact

Updated On: 03 May 2026 | 11:21 PM IST

Delhi to Bhubaneswar: Soaring LPG costs burn deeper into restaurant margins

Soaring commercial LPG prices are squeezing restaurant margins, forcing eateries to consider menu hikes, switch fuels or absorb rising costs

Updated On: 03 May 2026 | 11:16 PM IST

Iran sends new proposal to US; US President Donald Trump warns of strikes

Asked if he might restart strikes on Iran, Trump replied: "I don't want to say that. I mean, I can't tell that to a reporter. If they misbehave, if they do something bad, right now we'll see"

Updated On: 03 May 2026 | 11:11 PM IST

Policy adjustments: A sustained West Asia crisis will force tough decisions

Given that the shortage of gas has affected economic activities, tax collection too will be impacted

Updated On: 03 May 2026 | 10:46 PM IST