Page 2 - West Asia

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

Tea exports decline as West Asia tensions disrupt shipping routes

The Indian Tea Association said geopolitical tensions and higher freight costs have hurt exports, while climatic challenges continue to weigh on production

West Asia war: Margin pressure moves ad budgets out of prime-time spotlight

Media buying agencies and the FMCG sector contribute around 30 per cent of the overall advertising industry

Country must stay alert amid West Asia crisis: Civil aviation minister

Union Civil Aviation Minister Kinjarapu Rammohan Naidu on Wednesday cautioned that the country must remain vigilant and prepared to tackle any possible fallout of the escalating crisis in West Asia, although "it is not worrisome for India at present". Naidu, during his maiden visit to Ranchi, said every sector, including civil aviation, must take responsibility and plan proactively to minimise the impact on citizens and the country. "The situation is not worrisome at present, but we need to remain alert. Every sector, including civil aviation, has to assess the impact and prepare short-term, medium-term and long-term strategies," Naidu told reporters. On concerns over rising travel costs amid global uncertainty, Naidu said the Centre had already initiated measures to shield domestic passengers from any burden. He said the government reduced aviation turbine fuel (ATF) prices along with landing and parking charges at airports to stabilise fares and support the aviation sector. Last

Not just an external threat: India faces strong fiscal headwinds within

More attention needs to be paid to fiscal implications of the West Asian conflict for the Union and state governments

Airlines urge OMCs to delay ATF rate hikes amid West Asia conflict

Indian airlines urge oil refiners to delay ATF price hikes for domestic flights amid rising losses triggered by the West Asia conflict

Congress should stop being 'obstructionists', says FM Nirmala Sitharaman

Responsible Opposition does not engage in fear-mongering, says FM Sitharaman

India is trying to secure fertiliser supplies from 28 countries: Chouhan

Shivraj Singh Chouhan said India is engaging with 28 countries for fertiliser supplies while urging farmers to adopt organic and climate-resilient farming practices

Centre restores 97% gas supplies to fertiliser units amid West Asia crisis

Not only that, through strategic global tendering outside the Strait of Hormuz, India has successfully secured supplies of around 2.5 million tonnes of urea to meet peak kharif demand

IGL Q4 net profit falls 25% to ₹338.75 crore amid West Asia crisis

IGL's revenue from operations rose 5.6% YoY in the quarter to ₹4,584.58 crore

Fertiliser subsidy bill for FY27 may rise by ₹70,000 cr on West Asia crisis

If the actual subsidy numbers come close to the current estimates, this would mean that India's FY27 fertiliser subsidy could be among the highest in recent years

Public sector banks start sending their employees back to West Asia

Had temporarily recalled officials handling treasury, wholesale, and corporate banking as war escalated