A series of airstrikes early Monday morning on Iran's capital targeted the Sharif University of Technology. Iranian media reported the strikes and damage to buildings there, as well as a natural gas distribution site next to the campus. It wasn't immediately clear what had been targeted on the grounds of the university, which is empty of students as the war has forced all schools in the country into online classes. Multiple countries over the years have sanctioned the university for its work with the military, particularly on Iran's ballistic missile programme, which is controlled by the country's paramilitary Revolutionary Guard. The Guard and other security forces have been using secondary sites as rally points as their bases have come under repeated attack during the war. Explosions rang out into the night. The sound of low-flying fighter jets could be heard off and on for hours. Meanwhile, the state-run IRAN daily newspaper said in an online message that an airstrike in a ...
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This came in response to US President's threats of military action against Iran if Tehran fails to reach an agreement with Washington to end the conflict and open the strategic Strait of Hormuz
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The broader conflict in West Asia, the largest international market for Indian carriers, has forced a sharp reduction in daily flights relative to the summer schedule
In third part of series on West Asia impact, wholesalers warn of thin stocks as hoarding fears drive early fertiliser buying
But also says a deal with tehran could conclude on Monday
A global supply squeeze is nudging India faster towards renewables, even as China stays far ahead
Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran, he said
This time, communication will be key, not action
The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis is likely to push up inflation, according to economists. The continuing geopolitical tensions in West Asia, volatility in commodity prices and sharp currency movement that have seen the rupee hit record lows have complicated the policy outlook, and its projections on growth, inflation and also the stance of policy will be keenly watched, the poll of over a dozen economists said. "Given the uncertainty around crude oil prices and geopolitical developments, the RBI is likely to remain on pause in the April policy and closely monitor incoming inflation data before taking any further action," said Aditi Nayar, Chief Economist at ICRA. SBI's chief economist Soumya Kanti Ghosh said while announcing the pause, the RBI will be careful in communicating its decision. "India is not unscathed from the current crisis and is feeling the
Amid rising Iran tensions, Gulf nations are reportedly exploring pipelines and new trade corridors to reduce dependence on the Strait of Hormuz
IMD forecasts unstable weather with thunderstorms, lightning and strong winds across north, east, central and southern regions, bringing brief rain spells
Tushar Deshpande successfully defended 11 runs in his last over to hand RR their 2nd consecutive win of the season.
In a post on Truth Social, Trump said the deadline, set to expire on April 6, was nearing its end, reiterating his demand that Tehran either "make a deal" or ensure the strategic waterway remains open
External Affairs Minister S Jaishankar on Saturday said India has come through solidly from global shocks that recently tested its resilience, an apparent reference to the ongoing military conflict in West Asia. Speaking at the convocation ceremony of IIM Raipur, Jaishankar emphasised that India has managed both domestic and external challenges fairly successfully. He observed that the impact of conflicts on even distant societies has been profound, which is a testimony to the extent of globalisation. "No one can dispute that multiple global shocks have recently tested our resilience and that India has come through them solidly," Jaishankar added. The crisis in West Asia, which began in February after the US and Israel attacked Iran, has impacted global fuel supply and triggered a shortage of hydrocarbons. Jaishankar stressed that there is no getting away from building robust national capabilities, which he noted is the most effective way for de-risking and developing leverage. H
Amid vessel-diversion rumours, the petroleum ministry also said that Indian refiners have secured crude and LPG imports, including from Iran
The global aviation dynamic changed almost overnight when the Iran war broke out, shuttering airspaces, grounding planes and leaving regional airlines in disarray
Newer LNG terminals face viability risks as West Asia conflict cuts supplies, raises prices and weakens demand, even as India expands import capacity and dependence on overseas gas
The ongoing conflict in West Asia has started to impact exporters in the Bikaner region, with shipments of popular food items, such as bhujia, papad and spices to Gulf and European countries facing severe disruptions, traders said. Bikaner, known for its namkeen industry, exports large quantities of snacks, spices and other products to countries in the Gulf region and Europe. However, exporters said, the war has led to delays, rising freight costs and container shortages, affecting exports and imports. Ashish Agarwal, a namkeen trader associated with the Bhikharam group, said escalating input and logistics costs are hurting the industry. "Freight charges have increased sharply due to the war, and raw material prices are also rising. The cost of edible oil has gone up by around 20 per cent in the last one month, which is directly impacting production," he said. Exporters said container movement has slowed significantly, with shipments that earlier took around 30 days now taking up
According to the Dubai Media Office, debris from an aerial interception fell on the facade of the Oracle building in Dubai Internet City
A person has been taken into custody after Congress MP Shashi Tharoor's gunman and driver were allegedly attacked by a five-member group at Wandoor here, police said on Saturday. According to Wandoor Police, a case has been registered, and one person is currently in custody. Police said the case was registered based on a complaint lodged by Tharoor's gunman, Ratheesh K P. As per the FIR, the incident occurred at Chellithode near Thiruvali in Wandoor at around 7.30 pm on Friday. Police officials said the incident took place when there was a roadblock at the Chelithode bridge as Tharoor was on his way to attend an election campaign event of Congress leader A P Anilkumar. According to the FIR, the accused, who were travelling in two vehicles, blocked the MP's vehicle. When the gunman attempted to clear the obstruction, he and the driver were allegedly attacked, the FIR said. Police said the road was narrow and the gunman had only asked the vehicle ahead to move faster to ensure smo
Iran has called the list of demands from the US as unacceptable, pushing the possibility of an early resolution to the crisis to the back burner
10 personnel were injured in the incident and are currently undergoing medical treatment
Fidji Simo, OpenAI's CEO of AGI development who oversees much of its core business, will also take a medical leave for several weeks to seek new treatment for an ongoing neuroimmune condition
The collapse of these diplomatic efforts coincides with a sharp escalation in military hostilities
The blueprint serves as a symbolic representation of the President's priorities and would increase government defence spending by more than 40% compared to previous year
The second of a six-part series analyses the impact of the West Asia crisis on the plastic industry, based on a ground report from Balasore, Odisha
OMCs flag pricing, demand and vehicle gaps as key hurdles to flex fuel rollout, questioning viability without clear incentives and ecosystem readiness
Russia signals readiness to boost oil and LNG supplies as India faces energy stress amid West Asia conflict and rising import dependence
Mutual funds invest over Rs 1 trillion in equities in March, cushioning record FPI outflows and taking advantage of sharp market correction
Known as the translunar injection burn, this step had little room for error in order to put Orion on the correct trajectory for the 10-day mission to lap the moon
Many marriages are still arranged by families, often accompanied by expectations around physical appearance and financial status, which is driving a growing demand for weight-loss solutions
Raja Ravi Varma's ₹167 crore auction sets a record, spotlighting rarity, national treasure status, and rising confidence of Indian art collectors
In the previous reporting week, the overall reserves had dropped $11.413 billion to $698.346 billion
There was little sign Friday of the war in the Middle East winding down as Israel said it faced incoming fire from Iran, Kuwait and Bahrain reported being under attack, and Iran said eight people were killed while celebrating the close of Persian new year near a major bridge hit by a US strike. Tehran continued to demonstrate its ability to strike its neighbours even as US President Donald Trump claimed the threat from the country was nearly eliminated and cheered the collapse of the bridge on Thursday, reportedly the tallest in the Middle East. Iran decried the strike on the bridge, which also injured 95 people celebrating Nature Day, when Iranians gather for picnics and other celebrations outdoors on the last day of Nowruz, the Persian new year. "Striking civilian infrastructure only conveys the defeat and moral collapse of an enemy in disarray," Iran's Foreign Minister Abbas Araghchi wrote Thursday in a post on X. Iran's attacks on Gulf states along with its chokehold on the Str
Indian-American judge Amit Mehta has come into focus after he ruled that US President Donald Trump's speech ahead of the violence that rocked the Capitol on January 6, 2021 was not subject to presidential immunity. Mehta, a federal judge of the US District Court of the District of Columbia, in 2022 rejected Trump's effort to dismiss three lawsuits accusing him of bearing responsibility for the January 6 attack on the US Capitol. Last August, Mehta had ruled that Google had broken anti-trust laws to maintain its dominance in online search. Born in Patan in Gujarat in 1971, Mehta was nominated as a judge to the US District Court for the District of Columbia in 2014 by then-President Barack Obama. Mehta came to the US as a one-year-old and went on to pursue his B.A. in Political Science and Economics from Georgetown University in 1993 and his JD from the University of Virginia School of Law in 1997. After law school, Mehta worked in a law firm in San Francisco before clerking for Sus
The US plans tariffs of up to 100 per cent on imported medicines to reduce foreign dependence and boost domestic manufacturing, a move that could reshape global pharmaceutical supply chains
The Reserve Bank on Thursday allowed residents as well as non-residents to exchange Indian rupee notes at foreign exchange counters at departure halls in international airports beyond the immigration
Students often turn to classical music to boost focus, but does it really help? Experts explain how music interacts with the brain, mood, and cognitive capacity during study time
Deal-making activity involving India reached US$17.4 billion, representing a 44.5% decline from a year ago.
RBI faces a tough trade-off between defending Rupee and supporting growth, as oil shocks and global pressures make balancing exchange rate stability and domestic interest rates increasingly untenable
Duties for products made by certain larger companies will take effect in 120 days, while items from smaller manufacturers won't be hit for another 180 days, according to a White House statement
The move comes as the US and Israel continue a war against Iran, a mission that has recently seen the US send thousands of troops into the region for a possible ground operation
Rupee rises 1.8% in its biggest single-day gain in over 12 years as RBI curbs speculative forex trades, pushing hedging demand onshore and lifting forward premiums sharply
The government on Thursday "put in abeyance" its earlier direction to airlines to offer at least 60 per cent of seats in a flight without levying any additional charge from April 20, according to sources. On March 18, the civil aviation ministry announced that directions have been issued to the DGCA to direct airlines to allocate a minimum of 60 per cent of seats for selection on any flight free of any additional charges to ensure fair access for passengers. "The matter has been reviewed in light of representations received from the Federation of Indian Airlines and Akasa Air, highlighting operational and commercial implications of the above provision, including its potential impact on fare structures and consistency with the prevailing deregulated tariff regime. "In view of the above, and pending a comprehensive examination of the issue, it has been decided that the provision relating to offering at least 60 per cent of seats free of charge shall be kept in abeyance till further ..
While the war is affecting macroeconomic dynamics in various ways, requiring intervention, economic management has become significantly complex for the Reserve Bank of India (RBI)