Page 18 - West Asia

1973 and now: How Indira's self-destructive responses are instructive today

An oil shock, monsoon fears, rampant unemployment, and the seeming inevitability of inflation, are common to both eras. Indira Gandhi's self-destructive responses are instructive today

West Asia crisis: Centre taking steps to ease container movement at JNPA

The Union government is taking steps to ease container movement at JNPA amidst rising global supply chain challenges due to the West Asia crisis, an official statement said on Friday. The statement further said that Union ministers Piyush Goyal and Sarbananda Sonowal reviewed the global supply chain challenges with EXIM industry stakeholders. According to the statement, rail evacuation, waiver of handling charges, Green Channels and trailer pooling among measures are rolled out to sustain Ease of Doing Business (EODB). The statement pointed out that the government of India has initiated a coordinated "Whole of Government" response to address concerns raised by the EXIM community. Union Minister of Commerce & Industry Piyush Goyal and Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal held a high-level meeting with representatives of the All India Liquid Bulk Importers and Exporters Association to review the evolving situation and discuss immediate and long-term ..

RITES to continue West Asia foray, war impact not substantial: Rahul Mithal

RITES will continue expanding in West Asia despite regional conflict, betting on IMEC-linked opportunities and digital trade corridor projects

West Asia war hasn't hit output, demand: Honda Cars India CEO Nakajima

Honda Cars India says West Asia conflict has caused supply-chain and logistics issues but has not affected production or consumer demand in India

West Asia crisis may cost India ₹2.1 trillion: Bank of Baroda economists

Bank of Baroda economists warn rising oil prices and subsidy burden may widen fiscal deficit and weigh on India's growth outlook in FY27

Rupee among Asia's most vulnerable currencies amid crude oil risks

Barclays and MUFG warn the rupee could face further pressure from elevated crude prices, widening deficits and prolonged conflict in West Asia

Quad foreign ministers to discuss West Asia crisis at Delhi meeting

Quad foreign ministers to discuss the West Asia crisis, Strait of Hormuz disruption and regional security during their meeting in New Delhi next week

Odisha mandates EV purchases for all govt departments from June 1

Odisha government mandates electric vehicle purchases for all departments from June 1 as part of austerity and fuel-conservation measures amid global crude concerns

Crude prices could influence growth, inflation: EAC-PM chief S Mahendra Dev

EAC-PM Chairman S Mahendra Dev said higher crude prices and supply disruptions from the West Asia conflict could weigh on India's growth and inflation

Citigroup Inc sees IPOs hitting fresh records despite challenges

For foreign investors looking at India, interesting themes include the country's positioning in AI

Khamenei says Iran's nuclear fuel stockpile must remain in country

Iran has refused US demands to transfer enriched uranium abroad, deepening tensions in fragile nuclear and ceasefire negotiations

PM Narendra Modi chairs ministers' meet after five-nation foreign tour

Prime Minister Narendra Modi chaired a marathon meeting of the council of ministers amid the West Asia conflict, rising fuel prices and concerns over foreign exchange reserves

Agoda bets on resilient India market to expand its global travel business

Agoda is expanding accommodation supply, localisation and fintech offerings in India as resilient travel demand boosts domestic and outbound tourism

Inflation-fisc trade-off is likely to keep bond yields high for now

The upswing in the yield curve largely reflects worsening expectations around fiscal and inflation outcomes, an unfortunate fallout of the West Asia crisis for India's macros.

Clouded outlook: Policymakers need to remain agile in current environment

The impact of the conflict in West Asia depends on, among other things, energy dependence, market structure, and fiscal space

Fertiliser slump eases, nudges core sector growth up at 1.7% in April

India's core sector growth rose to 1.7% in April FY27, aided by steel, electricity and fertilizer recovery despite pressure from the West Asia crisis and energy supply disruptions

Xi, Putin oppose US-Israel war on Iran, call it a threat to global trade

Chinese President Xi Jinping and his Russian counterpart Vladimir Putin expressed their opposition to the US-Israeli war on Iran on Wednesday, while warning that restrictions on shipping imposed by "individual states" threatened global trade, in a veiled reference to Tehran, which has blocked shipping in the Strait of Hormuz. The US and Israeli strikes against Iran are illegal and seriously undermine stability in the Middle East, said a joint statement issued at the end of their day-long talks here. It also criticised US President Donald Trump's Golden Dome shield defence plan. The implementation of the Golden Dome project a multilayer missile defence system initiated by Trump - would have "serious negative consequences for international security", according to the joint statement released by the Kremlin. Putin's visit to Beijing followed days after Trump's tour here during which the Iran war, opening of the Strait of Hormuz by Iran dominated their talks. Both China and Russia ar

'In no hurry' to end Iran war, achieving mission's goals matter more: Trump

The US President claimed it had "essentially taken over" Iran, while Iran's Parliament Speaker Mohammad Bagher Ghalibaf said it had used the ceasefire to rebuild its military strength

Oil India exploring overseas asset acquisition, says CMD Ranjit Rath

The state-run upstream company is exploring overseas assets across multiple geographies while expanding domestic exploration and deepwater partnerships