Page 12 - West Asia And The Gulf

Adani Gas keeps CNG, PNG prices unchanged; curbs supply for few industries

Adani Total Gas Ltd (ATGL) has not raised prices of CNG and piped cooking gas supplied to households, even as it has imposed supply curbs on some large industrial consumers amid the escalating West Asia crisis affecting gas supplies, officials said on Friday. A company official said about 70 per cent of ATGL's gas volumes are sourced domestically and supplied to CNG users and domestic kitchens (called piped natural gas (PNG)-domestic) customers. Prices for these segments of vehicle owners and residential households remain unchanged. ATGL, the city gas joint venture of the Adani Group and French energy major TotalEnergies, sources the remaining around 30 per cent of gas volumes through imported LNG. This is supplied to commercial and industrial users. As the escalating war halted movement of ships through Strait of Hormuz - the narrow sealane through which India gets a bulk of its crude oil and LNG supplies - the imported fuel segment has seen disruption. Due to supply chain ...

Flight from UAE safely arrives at Delhi Airport amid West Asia conflict

Passengers travelled from Dubai to Fujirah Airport, which was approximately two hours from Dubai

L&T up 3% after 9% fall amid West Asia crisis; brokerages retain 'Buy' call

Analysts believe that in the near term, execution can be impacted by supply chain disruption, while in the long term; the company has adequate risk management in place for existing contracts.

Defence stocks outperform in weak market; BEL, Astra rally 5%; here's why

At 09:22 AM on Monday, the Nifty Defence index rose 1.1 per cent, as compared to 1 per cent decline in the Nifty 50 amid rising US-Iran tensions.

Hope West Asia conflict does not affect supply chain: Tata Group chairman

Tata Group Chairman N Chandrasekaran on Tuesday hoped that the current conflict between Iran and the US-Israel does not affect the supply chain, and said the conglomerate has plans to mitigate risks that can emanate from the ongoing war in West Asia. He also emphasised on the safety of employees of Tata group companies working in West Asia. "Geopolitics is the most unpredictable situation. Last year was also a tough year. I think things will settle down soon, and I hope that the supply chain should not be a problem. As uncertainty prevailed in the geopolitical situation, we have planned to mitigate risks that can emanate from the prevailing situation, not only for the Tata group but also for the country," he said. Chandrasekaran, along with Tata Trusts Chairman Noel Tata and Tata Steel CEO and Managing Director T V Narendran, and heads of various group companies, were here to pay tribute to Tata Steel founder Jamsetji Nusserwanji Tata on his 187th birth anniversary. He said Tata St

Monday mayhem: Sensex, Nifty fall more than 1% each; key reasons

Investors lost around ₹6.87 trillion on Monday as BSE market capitalisation fell to ₹456.4 trillion from ₹463.25 trillion in the previous session

Prolonged conflict in West Asia could push the Nifty below 24,500: Analysts

On the upside, the 25,350-25,500 band now acts as a key resistance area for the Nifty, according to Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealth tech firm

Indian giants L&T, Afcons win big in West Asia's $235 billion infra push

L&T focuses on transport and energy in Saudi Arabia, UAE; Afcons eyes Dubai Sewerage Project and urban tunnels as West Asia's project pipeline booms

Attacks on vessels in Red sea impact our trade: Centre tells Parliament

India remains "concerned" at the evolving situation in West Asia and attacks against commercial vessels in and around the Red Sea threaten freedom of navigation and "impact our trade", the government informed the Parliament on Thursday. Minister of State for External Affairs Kirti Vardhan Singh in a written response to a query also said the government has "raised the issue" with the countries in the region and the Indian Missions are "closely monitoring" the situation to mitigate its impact. He was asked about the details of special measures that are being taken by the government to safeguard India's energy security in view of the possible disruptions in the Strait of Hormuz and the Red Sea due to the Israel-Iran conflict and the diplomatic efforts being made by the government to mitigate the impact of this conflict on India's trade routes, especially the Suez Canal and the Red Sea. "India remains concerned at the evolving situation in West Asia. Attacks against commercial vessels i

Israel concludes strikes on Iran; will Tehran respond? All we know

Israel launched massive strikes targeting Iranian military sites on pre-dawn Saturday, triggering fears that a fresh round of escalation could erupt in West Asia

The mother of all bear markets in equities is dead: Shankar Sharma

We have mastered the art of neutering the 'bear market villains' - speculation, inflation, war, disease - we have dealt with them all, Sharma said

OPEC meeting to shape India's Russian oil purchases as May levels stay high

Bloc members led by Saudi Arabia and Russia are holding a ministerial meeting on June 2 to decide the fate of global oil production

Why wealthiest Gulf powers like UAE are snapping up prime property in Egypt

In the short term, the UAE's goal was to shore up the economy of a country seen as too big to fail

Blinken sees path to Gaza peace, reconstruction after his West Asia tour

US Secretary of State Antony Blinken wrapped up his latest urgent Mideast tour on Thursday in talks with Egyptian President Abdel Fattah el-Sissi as American officials claimed modest success in getting wide regional support for planning for reconstruction and governance in Gaza after Israel's war with Hamas ends. Blinken secured buy-in from previously reluctant Arab and Muslim nations to begin such planning in discussions with the leaders of Turkey, Jordan, Qatar, the United Arab Emirates, Saudi Arabia and Bahrain over the weeklong mission, his fourth to the Middle East since the war began in October. Each country along with Greece, which Blinken also visited pledged to participate in the general planning, although precise contributions have yet to be determined. On our previous trips here, I think there was a reluctance to talk about some of the day-after issues in terms of long-term stability and security on a regional basis, Blinken told reporters at Cairo's airport after his .

US, its allies working to build better future for West Asia: Prez Biden

US President Joe Biden on Thursday said the US and its allies through innovative projects like the India Middle East Economic Corridor are working to connect the Middle East countries to a better future. As he addressed the nation on his just concluded trip to Israel, Biden asked Congress for financial aid to the country that has been hit by a terrorist attack by Hamas. The United States and our partners across the region are working to build a better future for the Middle East. One wherein the Middle East is more stable, better connected to its neighbours through innovative projects like the Indian Middle East Europe rail corridor that I announced this year at the summit of the world's biggest economies, Biden said in his Oval Office address to the nation. "More predictable markets, more employment, less rage, less grievances, less war when connected. The benefits of people would benefit the people of the Middle East and would benefit us. American leadership is what holds the world

The shifting sands of West Asia & the Gulf

India must undertake a careful analysis of the political and social transformation in the region as it may impact our own society