Page 12 - West Asia
Inflation prints: Wholesale, retail paths diverge amid West Asia turmoil
Over financial years 2017-2026, the volatility of WPI, measured by standard deviation, was almost three times higher than that of CPI, according to the rating agency
 "Inflation prints: Wholesale, retail paths diverge amid West Asia turmoil")
Deja vu? Past oil shocks have led to political, economic crises in India
Even assuming the Strait opens by June, the damage implies global oil supply will peak at 102.2 mb per day in 2026
 "Deja vu? Past oil shocks have led to political, economic crises in India")
India's ecommerce and ride-hailing firms brace for higher energy costs
Executives warn higher crude prices and West Asia tensions could push up delivery, transport and grocery costs
 "India's ecommerce and ride-hailing firms brace for higher energy costs")
Voluntary consumption cuts better than sharp fuel price hikes: Officials
India is relying on voluntary fuel conservation and restrained price hikes to shield consumers from the impact of the ongoing West Asia energy shock
 "Voluntary consumption cuts better than sharp fuel price hikes: Officials")
Brics ministers fail to reach consensus on West Asia conflict statement
Brics foreign ministers failed to agree on a joint communique amid divisions over the West Asia conflict during the New Delhi conclave
 "Brics ministers fail to reach consensus on West Asia conflict statement")
India's Russian oil supply likely to be hit if US waiver not extended
Under the latest US waiver, countries have been allowed to purchase Russian crude oil and petroleum products until May 16 that were loaded onto vessels on or before April 17
 "India's Russian oil supply likely to be hit if US waiver not extended")
CENTCOM rejects reports on Iran's current missile and drone arsenal
The debate over Iran's remaining arsenal has become central to assessing the effectiveness of the US-led strikes
 "CENTCOM rejects reports on Iran's current missile and drone arsenal")
Iran has 'no trust' in US, will negotiate only if it is serious: Araghchi
Speaking in New Delhi during the Brics foreign ministers' meeting, Araghchi said Iran is working to maintain the ceasefire to allow diplomacy an opportunity to move forward
 "Iran has 'no trust' in US, will negotiate only if it is serious: Araghchi")
MSME GNPA ratio falls to 3.3% by Sep. 2026, but further decline unlikely
CareEdge said MSME asset quality improved significantly from FY20 levels, though global trade disruptions, rising costs and export-linked risks could weigh on future loan performance
 "MSME GNPA ratio falls to 3.3% by Sep. 2026, but further decline unlikely")
Brics talks end without joint statement, exposing divisions over Iran war
Without naming the UAE, Iranian Foreign Minister Abbas Araqchi told a news conference that a Brics member blocked some parts of the statement
How petrol, diesel price hike will hit your pocket
Petrol and diesel prices have been increased by ₹3 per litre, while CNG rates have also gone up by ₹2 per kg in Delhi and Mumbai.
 "How petrol, diesel price hike will hit your pocket")
FinMin confident of coping with West Asia crisis with adequate fiscal room
The Centre says fiscal prudence and timely interventions have helped India cushion the economic fallout of the prolonged West Asia conflict
 "FinMin confident of coping with West Asia crisis with adequate fiscal room")
West Asia war: Peace cannot be piecemeal, says Jaishankar at Brics meet
West Asia conflict and Strait of Hormuz tensions dominated BRICS talks amid sharp exchanges between Iranian and UAE ministers
 "West Asia war: Peace cannot be piecemeal, says Jaishankar at Brics meet")
Airtel to double down on levers to raise Arpu; flags 'broken' pricing model
Telecom major plans sharper focus on fibre rollout and pricing strategy as West Asia crisis and rising equipment costs weigh on profitability
 "Airtel to double down on levers to raise Arpu; flags 'broken' pricing model")
Energy cost spike pushes wholesale inflation to 8.3%, a 42-month high
Sharp rise in fuel and energy prices amid the West Asia crisis pushes wholesale inflation to its highest level since October 2022
 "Energy cost spike pushes wholesale inflation to 8.3%, a 42-month high")
Indian-flagged vessel sinks off Oman coast after attack; crew members safe
India termed the attack on its vessel in the Gulf of Oman "unacceptable" after the ship caught fire and sank, while all 14 crew members were rescued safely
 "Indian-flagged vessel sinks off Oman coast after attack; crew members safe")
Developers seek extension of project timelines amid West Asia conflict
Credai seeks a blanket three to six-month extension for project deadlines, citing disruptions in material supplies and labour availability
 "Developers seek extension of project timelines amid West Asia conflict")
Odisha CM Mohan Majhi halves convoy, urges citizens to use public transport
Move follows PM Modi's appeal for fuel conservation and restrained consumption amid West Asia crisis
 "Odisha CM Mohan Majhi halves convoy, urges citizens to use public transport")
Labour drift: South India industry feels absence of Bengal, Assam workers
Companies in Kerala, Tamil Nadu and Karnataka are offering incentives to migrant workers amid concerns over jobs, fuel costs and the impact of the West Asia crisis
 "Labour drift: South India industry feels absence of Bengal, Assam workers")
Cabinet clears ₹37,500 crore coal gasification push amid supply concerns
Incentive scheme aims to reduce import dependence on fuels and industrial feedstock while boosting domestic coal-to-chemicals capacity amid West Asia tensions
 "Cabinet clears ₹37,500 crore coal gasification push amid supply concerns")