Page 17 - West Asia

Time to stop slipping on oil: Renewable energy can shield India from shocks

For, every oil price spurt so far has led to an economic crisis that, in turn, has provoked political change

Mounting costs turn the heat on India Inc amid West Asia conflict

Firms diversify sourcing, redraw playbook, increase prices to tide over crisis

FM Nirmala Sitharaman flags 3 Fs: Fuel, fertiliser, foreign exchange

Says West Asia crisis bringing several uncertainties for businesses, common people

West Asia conflict to shave 200 bps off India Inc's margins in FY27

A prolonged West Asia conflict could reduce India Inc's operating profitability by 200 basis points in FY27, according to a Crisil Ratings stress test

West Asia crisis: Why Trump is asking Arab leaders to join Abraham Accords

Donald Trump's proposal signals the US's attempt to use a potential Iran deal to expand diplomatic ties with Israel and reshape regional alliances in West Asia

Best of BS Opinion: RBI's surplus transfer will not ease fiscal pressure

Hello and welcome to BS Opinion, a wrap of editorials and columns on today's Opinion page.

West Asia conflict: EV cost edge sharpens amid rising fuel prices

Petrol, diesel have seen cumulative hike of ₹5 per litre in May

Exim cargo at India's ports fell by 2% in April amid West Asia conflict

Coastal cargo keeps ports in the green, as crude, fertiliser woes show in cargo volumes

Indian medical tourism grows in FY26 despite West Asia, B'desh shocks

Hospitals reported higher medical value tourism revenues in FY26 as complex procedures and market diversification helped offset lower patient inflows from key regions

Goyal's Canada visit may accelerate Cepa negotiations, deepen energy ties

Piyush Goyal's Canada visit is set to push CEPA talks forward, with energy security, clean energy and trade diversification in focus

ECLGS 5.0 finds traction as MSMEs look for buffer amid uncertainty

Banks are seeing early interest in ECLGS 5.0 as MSMEs seek extra liquidity buffers amid rising uncertainty linked to the West Asia crisis

Revenue channels: RBI's surplus transfer will not ease fiscal pressure

The crisis in West Asia and the resultant surge in prices of crude oil have significantly complicated the overall Budget arithmetic

Donald Trump says no rush for any deal with Iran, US blockade stays

'Both sides must take their time,' says Trump

Cement makers expect 7-8% growth in FY27 despite West Asia headwinds

Leading cement makers expect a healthy growth in the range of 7-8 per cent in FY27, driven by government infrastructure spending, housing demand and urbanisation, notwithstanding short-term headwinds due to rising fuel costs amid the West Asia crisis. Top executives of companies like UltraTech Cement, Ambuja Cements, Shree Cement, Dalmia Cement and Nuvoco Vistas, in their latest earnings calls, expressed optimism about medium-term demand, projecting industry growth in the range of 7-8 per cent, while betting on premiumisation and improved sales realisations to support earnings amid cost pressures. Moreover, cement companies are also stepping up capital expenditure plans for FY27, betting on an infrastructure push and housing demand despite near-term challenges. UltraTech said the sector is facing near-term challenges from higher fuel costs, freight expenses and import-dependent supply chains amid geopolitical uncertainty in West Asia. "It's a real headwind on fuel costs, packing ba

US-Iran deal may reopen Hormuz during 60-day ceasefire extension: Report

According to the Axios report, during the 60-day period, the Strait of Hormuz would be open with no tolls and Iran would agree to clear the mines it deployed in the strait to let ships pass freely

Many questions, few details in Trump's latest Iran peace proposal

It is too early to tell what exactly Trump and Iran have agreed to, or if they have agreed to much at all

Trump says Iran deal 'largely negotiated,' including reopening of Hormuz

"Final aspects and details of the Deal are currently being discussed, and will be announced shortly," Trump wrote on Truth Social

British navy prepares to clear mines in Hormuz while waiting for peace deal

Aboard the RFA Lyme Bay docked off the coast of Gibraltar, hundreds of British sailors are waiting to be deployed for a mine-clearing mission to the Strait of Hormuz that is still in doubt. US President Donald Trump has lashed out at allies for not doing more to support the United States' war effort in Iran, whose chokehold on the strait has crippled international shipping and sent energy prices soaring. In March, Trump told NATO allies to "go get your own oil" and secure the strait themselves. On the southern tip of the Iberian Peninsula, in the British Overseas Territory of Gibraltar, the UK's Royal Navy is preparing to do that -- but only once a peace agreement is reached. Trump said Saturday that a deal with Iran has been "largely negotiated" after calls with Israel and other allies in the region, but it still needs finalising. Britain's Armed Forces Minister Al Carns took a small group of reporters to visit the RFA Lyme Bay as it prepares for a possible international operation,

Path being cleared for temporary removal of cotton import duty curbs

Government may temporarily scrap cotton import duty from July to October as textile mills seek relief amid soaring prices and supply concerns