Page 10 - West Asia

Air India CEO steps down: Inside the turbulence airline is facing

Air India's CEO Campbell Wilson has reportedly stepped down as the airline deals with financial losses, safety concerns, regulatory scrutiny and flight disruptions linked to the West Asia conflict

West Asia war: Iran submits 10-point plan as Trump's Hormuz deadline nears

As President Donald Trump's deadline to reopen the Strait of Hormuz nears, Iran has submitted a 10-point proposal to end the war with the US and Israel. Here are the top updates at 10 am (IST)

West Asia tensions likely to heighten fiscal risks, says Govinda Rao

Economist M Govinda Rao warns rising geopolitical tensions could expose India's fiscal vulnerabilities, calling for reforms in GST, deficits, and public spending

Thiruvananthapuram's tourist hotspots feel the West Asia war pinch

War-linked travel disruptions and fuel shortages hit Kerala's tourism hubs, triggering cancellations, business losses, and fears of job cuts

The long reach of West Asia war: Sheffield of the East waits and watches

Furnaces cool faster than they should as Howrah's foundry belt sputters, with West Asia tensions choking fuel lines, snarling cargo routes, and stretching workdays thinner

RBI policy expectations: Safeguarding growth amid a supply shock

With limited policy space amid a global supply shock, RBI is likely to hold rates, balancing inflation risks with the need to protect growth

The economics of global disorder: Resilience to trump efficiency, growth

There have, no doubt, been admirable efforts by the government to cushion the energy shock emanating from the Gulf, but there is only so much it can do in such global circumstances

Over 1,700 Indians exit Iran via land borders amid West Asia conflict: MEA

Over 1,700 Indian nationals have left Iran through land border crossings in Armenia and Azerbaijan since the start of the West Asia conflict over a month ago, the Ministry of External Affairs (MEA) said on Monday. "Our embassy in Tehran has so far facilitated the movement of 1,777 Indian nationals to exit Iran through Armenia and Azerbaijan," MEA spokesperson Randhir Jaiswal said at a media briefing. The Indian nationals are flying back home from Armenia and Azerbaijan. Jaiswal said the Indians who returned home included 895 students and 345 fishermen. "The Indian fishermen were employed by various companies in Iran and they flew home from Armenia on March 4," he said.

West Asia crisis: Maha ACS says no shortage of fuel, LPG supply stable

The Maharashtra government on Monday said there is no shortage of petroleum products in the state amid the West Asia crisis and asked people to avoid panic buying. The state had faced challenges in LPG supply due to dependence on imports from Gulf countries, but the situation is now improving with calibrated policy measures by the Union government, Additional Chief Secretary (Food and Civil Supplies) Anil Diggikar asserted. Addressing a joint press briefing, he said, "Petrol and diesel stocks are adequate in the state. The situation has stabilised. LPG supply to the commercial sector has also been partially restored." Controller of Rationing and Nodal Officer (Crisis Management for Integrated Food Supply) Chandrakant Dange said LPG supply to commercial cylinder distribution was halted initially on the Centre's directives. "Subsequently, phased relaxation was introduced. First, 20 per cent allocation was allowed for essential services such as hospitals, schools, orphanages, ...

Current year more challenging amid West Asia crisis concerns: FM Sitharaman

She said the current year is likely to be more challenging due to the escalating conflict in the West Asia, which has heightened regional security concerns

Israel defence minister claims strike on Iran's South Pars petrochem plant

Attacks targeted facilities at Iran's South Pars natural gas field on Monday, Iranian media outlets reported. The semiofficial Fars news agency and the judiciary's Mizan news agency both reported the attack, blaming America and Israel. Neither country immediately claimed any attack on the gas field at Asaluyeh in Iran's southern Bushehr province. An earlier Israeli attack on South Pars saw Iran increasingly target Gulf Arab oil and natural gas sites. US President Donald Trump has warned of possible attacks on power plants and bridges this week if the Strait of Hormuz is not opened.

Govt seeks 2.5 mn metric tonnes of urea amid West Asia supply disruptions

India, where farming is a mainstay, imports fertilisers such as urea, diammonium phosphate (DAP) and muriate of potash, as well as liquefied natural gas, a key feedstock for urea production

Why Sensex cut losses, up 1,400 pts from day's low; Nifty at 22,968?

In the past three trading sessions, the Sensex has surged more than 2038 points, or nearly 2.75 per cent. Similarly, the Nifty 50 index has added more than 578 points, or 2.6 per cent

Larsen & Toubro gains 3%; stock up 13% from March low

The stock price of engineering and construction (E&C) major was trading higher for the third straight day, gaining 6 per cent during the period.

Last-ditch diplomacy: Inside US-Iran plan to freeze West Asia war for 45 days

US and Iran are exploring a 45-day ceasefire through back-channel diplomacy to prevent further escalation in West Asia, stabilise oil markets and ease pressure on global shipping routes

Iranian foreign minister dials EAM Jaishankar, discusses West Asia crisis

External Affairs Minister S Jaishankar spoke to Iranian Foreign Minister Abbas Araghchi and Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani on Sunday and discussed the West Asia conflict amid US President Donald Trump's fresh ultimatum to Iran demanding the reopening of the Strait of Hormuz. The external affairs minister also held a phone conversation with Foreign Minister of the United Arab Emirates Sheikh Abdullah bin Zayed Al Nahyan. It is understood that the conflict's impact on global energy supplies figured prominently in the talks. "Received a call from Foreign Minister @araghchi of Iran. Discussed the present situation," Jaishankar said on social media without elaborating. The Iranian embassy in New Delhi said the two foreign ministers discussed bilateral relations as well as regional and international developments. Jaishankar's phone conversations with leaders of the three West Asian nations came against the backdrop of a spike in tensions in the

Best of BS Opinion: Iran conflict could trigger prolonged bear market

From US foreign policy risks and India's labour data changes to bear market fears and FCRA concerns, today's Best of BS Opinion brings together key insights shaping global and domestic debates

West Asia conflict, airspace curbs likely to cost carriers ₹2.5K crore

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

West Asia conflict: Fear arrives early in fields of Haryana and Punjab

In third part of series on West Asia impact, wholesalers warn of thin stocks as hoarding fears drive early fertiliser buying

West Asia conflict: Predictable expenses likely to boost EV demand

CSEP study says high crude prices may accelerate EV transition, but electric cars will continue to rely on fiscal incentives to remain competitive with ICE vehicles till 2030