West Asia

'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.

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

Several foreign carriers have expanded operations to India

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

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

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

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"

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

West Asia crisis hit Waaree Energies overseas' revenue to 20% in Q4: CFO

West Asia crisis disrupts shipments, dragging Waaree's overseas revenue and margins, even as commodity costs rise and expansion plans gather pace

Geopolitical risks no longer rare for India's insurance industry

Rising geopolitical tensions are driving higher premiums, tighter underwriting and reinsurance costs, making risk pricing a structural shift for India's insurance sector

UK sets out fuel contingency plans for flights amid US-Iran conflict

Airlines will be expected to consolidate schedules on certain routes with multipleflightsto the same destinationon the sameday as part of contingency measures the UK government announced on Sunday. The Department for Transport (DfT) issued a series of temporary plans amid ongoing jet fuel supply issues caused by the US-Iran conflict and the blockade of the Strait of Hormuz. It stressed that while UK airlines say they are not currently facing supply issues, the government is stepping in to protect travellers from the likelihood of last-minute flight cancellations over the upcoming summer holiday period in the event of significant disruption caused by the conflict. "Since the closure of the Strait of Hormuz, the government has been monitoring jet fuel supplies daily and working with airlines, airports and fuel suppliers to stay ahead of any problems," said UK Transport Secretary Heidi Alexander. "There are no immediate supply issues, but we're preparing now to givefamilies long-term

West Asia war: Leather & footwear industry seeks duty exemptions on inputs

The leather and footwear industry has sought duty exemptions on a number of critical inputs such as synthetic leather, metal accessories, machinery, threads, moulds, and certain chemicals as the ongoing West Asia crisis has pushed input costs up by up to 60 per cent, an official said. The industry has recently flagged the matter with the commerce and industry ministry. The industry official said that the exporters have suggested the government for early implementation of the proposed FLOAT (Footwear and leather oriented transformation) scheme covering the entire product range, raw materials, machinery and inputs. They have also urged for duty-free import of crust and finished leathers to boost domestic manufacturing. "The industry is facing a sharp increase in raw material and input costs - rising by 40-60 per cent - due to the West Asia crisis. "In view of this, we have urged the government to provide import duty exemptions on critical inputs such as synthetic leather (PU-coated

Trump reviews Iran's new proposal, says deal unlikely to be acceptable

President Donald Trump said on Saturday that he was reviewing a new Iranian proposal to end the war but also expressed scepticism that it would lead to a deal. "I'll let you know about it later," he said before boarding Air Force One, adding that "they're going to give me the exact wording now." Shortly after speaking to reporters, Trump posted on social media about the new proposal, saying he "can't imagine that it would be acceptable in that they have not yet paid a big enough price for what they have done to Humanity, and the World, over the last 47 years." Two semiofficial Iranian news outlets, Tasnim and Fars, believed to be close to Iran's paramilitary Revolutionary Guard, said Iran has sent a 14-point proposal via Pakistan in response to a nine-point US proposal. Iran's state-run media have not reported on the new proposal. Pakistan has hosted previous negotiations between Iran and the United States. Trump rejected a previous Iranian proposal this week. However, conversation

IndiGo cuts int'l capacity for May by 17%, among worst hit globally

West Asia tensions hit aviation hard, with IndiGo leading capacity cuts among non-Gulf carriers as uncertainty disrupts India-Gulf travel demand

Fiscal stress a reality, committed to capex target: Expenditure secy

DFS secretary says high-level banking panel to oversee balance sheet constraints

Iran war tightens squeeze on India's diplomacy amid shifting alliances

We share centuries of historical ties and cultural affinity with Iran. That should count for something

Iran has sent its latest proposal to US via Pakistani mediators: Report

The development follows Iran's absence from the last round of negotiations, held in Islamabad, aimed at ending the more than two-month-long conflict involving Iran, Israel and the United States

An 'Election Bill', says Rahul Gandhi on commercial LPG price hike

Opposition leaders criticise steep LPG price hike, warning of impact on small businesses and households, while government cites global energy trends to justify increase

Best of BS Opinion: FinMin offers sobering view of macroeconomic risks

From rising oil-linked risks and services data gaps to gold loan expansion and global capital flows, here are the key insights from Business Standard's Opinion page

Further oil spike likely to put the growth-inflation balance at risk

A fresh surge in crude oil prices amid West Asia tensions threatens to weaken India's growth outlook while pushing inflation higher in FY27