Page 2 - West Asia

West Asia conflict: US waiver ends, India to keep Russia oil tap open

Indian refiners plan to continue sourcing Russian crude from non-sanctioned suppliers and vessels despite US decision not to renew temporary sanctions waivers

Hiring to slow as West Asia conflict weighs on firms: H&S partner

Hiring may slow and recovery could take up to two years if West Asia conflict persists, says Heidrick & Struggles partner, citing inflation pressures and global uncertainty

MSME copper recyclers face shutdown risk amid West Asia conflict

Units warn of permanent shutdowns and curtailed operations as West Asia conflict disrupts scrap supply, raises costs, and strains liquidity; government relief sought

IMF urges targeted buffers, reforms for India amid West Asia shock

IMF advises India to deploy fiscal buffers through targeted support as prolonged West Asia crisis could intensify energy shocks and disrupt growth across Asia

West Asia war drags India's March drug exports for first time in 3 years

On an FY basis, India's pharma exports remained flat at $31.11 billion in FY26, a 2.13 per cent rise from $30.47 billion in FY25

No purchase delays despite West Asia conflict, says Ashok Leyland

Ashok Leyland sees no demand slowdown despite West Asia tensions, as stable fuel prices and steady economic activity keep commercial vehicle sales on track

West Asia conflict hits Rajasthan tourism, bookings plunge sharply

In just 15 days of the new financial year, bookings by foreign tourists in hotels have plummeted by 70 to 80 percent

West Asia war: Iran threatens to halt Gulf trade as US mulls new sanctions

Iran warns of blocking key Gulf trade routes as US plans tougher sanctions and ramps up pressure on Tehran. Here are the top updates at 10 am IST

Trump slams Italian PM Meloni over lack of support for war with Iran

Italian Premier Giorgia Meloni was supposed to be Europe's bridge to US President Donald Trump. It may be burning. After chastising Pope Leo XIV, Trump turned his ire on Meloni, long one of his closest European allies, for calling his papal broadside "unacceptable" and not backing the US-Israel war on Iran. "I thought she had courage,'' Trump said in an interview with leading Italian daily Corriere della Sera. "I was wrong." Meloni has not directly responded to Trump's attacks. But they may be to her advantage as she recovers from a decisive referendum defeat last month and as she seeks to dull the impact of the deeply unpopular Iran war, including higher energy prices. "I actually think this is a godsend for her,'' said Nathalie Tocci, a professor at Johns Hopkins SAIS Europe and the director of the International Affairs Institute. "Trump has become completely toxic across Europe, across much of the world, including Italy." Trump doubled down on Wednesday, saying their bond had .

Done and dusted? Trump's portrayal of war in Iran collides with reality

Trump is confronting a crisis that is not bending to his narrative of a "pretty reasonable" new regime in Iran and all-but-assured victory for the United States

Dabur faces growth headwinds as rural demand, costs cloud outlook

Weak monsoon fears, West Asia turmoil, and rising costs cloud outlook

FY26 exports grew despite tariffs, but impact of West Asia war looms

Goods shipments in March at 1-year high, imports dip

Govt explores ECLGS-like credit scheme for MSMEs amid West Asia crisis

The Ministry of Small and Medium Enterprises is in touch with the Department of Financial Services to explore an ECLGS-like credit guarantee scheme to support MSMEs amid the West Asia crisis, a senior official stated on Wednesday. Responding to a media query on whether a credit guarantee scheme was in the works for MSMEs, Additional Secretary in the Ministry of Micro Small and Medium Enterprises (MSMEs) Rajneesh said, "We are in constant touch with the Department of Financial Services regarding ECLGS kind of a mechanism. So, at an appropriate stage I will be in a position to share further details on this". The Emergency Credit Line Guarantee Scheme (ECLGS) was launched in May 2020 as part of Aatmanirbhar Bharat Abhiyan to support eligible MSMEs and enterprises in meeting their operational liabilities and restarting their businesses in the context of the disruption caused by the COVID-19 pandemic. The scheme covers all the sectors. Field officers of the MSME Ministry are in constant

Trump rules out ceasefire extension, prefers 'deal' with Iran to end war

Trump says ceasefire may not need extension, signals diplomacy as preferred path even as US operations continue and fresh talks with Iran are possible before the truce deadline

West Asia war: Trump says conflict 'close to over' amid Hormuz blockade

The US says it has enforced a blockade on Iranian ports; Trump says the war is 'close to over', but warns action will continue as talks may resume soon

Iran restores limited internet connectivity in rare move to stem war losses

The move follows comments from an Iranian official that domestic businesses were losing $30 million to $40 million a day due to the internet blackout

Why short-term market volatility rarely changes the long-term view

Stock prices ultimately reflect corporate earnings, not newspaper headlines. India's long-term story rests on fundamentals that geopolitics cannot easily touch

IMF lifts India FY27 growth to 6.5% as lower US tariffs offset risks

IMF has raised India's FY27 growth forecast to 6.5 per cent, saying lower US tariffs could offset the impact of West Asia tensions even as global growth and trade outlook weaken