Page 33 - West Asia

'Better days are back’: How Tiruppur’s looms are humming again, but West Asia war threatens recovery

After months of tariff shocks and lost orders, India’s knitwear capital, Tiruppur, is finally seeing business return. Export enquiries are rising, and factories are restarting production.

About 260,000 passengers returned to India from West Asia since Feb 28: MEA

Amid the escalating West Asia conflict, the government on Wednesday said around 2.6 lakh people have returned from the region to India since February 28. At an inter-ministerial briefing here on the West Asia situation, Additional Secretary (Gulf), Ministry of External Affairs (MEA), Aseem R Mahajan, said that on Wednesday, around 70 flights were expected to operate from various airports in the UAE to different destinations in India. The flight situation is "reassuring," he said. MEA spokesperson Randhir Jaiswal spoke about a telephonic conversation between Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan on Tuesday. "The two leaders discussed the current situation in West Asia. The prime minister reiterated India's strong condemnation of all attacks on the UAE that have resulted in loss of innocent lives and damage to civilian infrastructure," he said. The two leaders agreed on the importance of "ensuring safe and free navigation through the Strai

LPG crisis hits markets: What’s next for gas and QSR stocks? | West Asia war | US-Iran war

The West Asia conflict is no longer just a geopolitical story. It is now moving markets in India. Natural gas prices are rising, LPG supply chains are tightening

Why India built crude reserves but not LPG buffers despite demand surge

India built crude reserves for energy security but LPG was never treated the same way even as demand surged. Experts explain what held back storage planning

West Asia conflict sends Indian startups into wait-and-watch mode

Indian startups are turning cautious on expansion and investments in West Asia amid the ongoing conflict, with fintech and travel sectors seeing early stress while edtech remains relatively stable

Alternative West Asia shipping routes provide relief for aluminium prices

Aluminium prices ease as Emirates Global Aluminium secures alternative export routes, easing supply fears linked to tensions around the Strait of Hormuz

Fourth Indian tanker reaches India after crossing Strait of Hormuz

Indian-flagged oil tanker Jag Laadki has reached Mundra port in Gujarat after sailing safely from Fujairah in the UAE, despite an attack on the terminal, taking the total number of vessels transiting the conflict-hit zone to four. The tanker, with 80,886 tonne of crude oil sourced from the UAE, departed from Fujairah Port following the incident and completed its voyage to Mundra Port on Wednesday, according to shipping sources. Jag Laadki is the second vessel from the war zone to have reached Adani group's Mundra port. Previously, LPG tanker Shivalik reached the port on Monday. Adani's Mundra port provided the safe berthing of the vessel and maritime coordination in safeguarding vital energy lifelines of India, they said. All 22 Indian seafarers onboard are reported safe. Originally, there were 28 Indian-flagged vessels in the Strait of Hormuz when the war in West Asia broke out following US-Israel attacks on Iran. Of these, 24 were on the west side of the strait and 4 on the east

Time to buy? Harini Dedhia decodes gap between stock prices & actual value

If you are an investor who believes that buying equity is being a part-owner in a business, this fall in prices demands that you look beyond the prevailing narrative

West Asia War’s economic shock: How India Inc is being impacted | Crude oil | US-Iran war | LPG

As the war in Iran enters its third week, its ripple effects are now hitting India’s economy. From fuel shortages and factory disruptions to export losses and rising costs, multiple sectors are under

West Asia war digest, March 18: Stories tracking the economic fallout

West Asia war deepens economic strain as LPG shortages, LNG risks, shipping costs and polymer spikes ripple through India's energy and trade chains

Iran war has US farmers worried about cost, availability of fertiliser

Tennessee farmer Todd Littleton expects to pay USD 100,000 more for fertiliser this season, a 40 per cent spike from his bill last year, thanks to the war in Iran - and he is scrambling to cover that extra cost. "The problem is, we're so strained financially coming into this issue," said Littleton, a third-generation farmer from Gibson County in the state's northwest corner. "We have had a couple of record losses the last couple of years, so everyone's kinda grabbing at straws anyway, and then to have input prices increase yet again, it just really couldn't happen at a worse time." Littleton, who grows corn, soybeans and wheat, is among thousands of farmers across the country who will pay far more this spring than they expected for fertiliser that is essential to their crops. Nitrogen-based fertiliser is especially vital for corn, usually the largest crop in the US and one that feeds the nation's livestock and is converted into fuel that helps power most US cars and trucks. Farmers

West Asia war updates: Iran's Larijani killed; Trump decries Nato snub

The West Asia conflict showed no signs of easing on Day 19, with Israel striking Iran and Tehran confirming Ali Larijani's death; Donald Trump said US-Israel operations are 'proceeding very well'

Israel keeps killing key Iranian leaders. Will it help win the war?

Israeli officials trumpeted airstrikes that killed Iran's de facto leader and the commanders of a militia notorious for suppressing protests. But "decapitation has its limits," an analyst warns

West Asia turmoil: How to navigate current mkt correction, where to invest?

Despite the sharp pullback, analysts reckon that the current weakness reflects a geopolitics-driven correction rather than a structural bear market

Iran crisis: After Larijani killing who else in Tehran can the US talk to?

As the US-Israeli war on Iran intensifies and continues to wreak havoc, some fear that the death of a figure like Larijani could block potential diplomatic efforts to end it quickly

Iran keeps up attacks on neighbours after Israel kills 2 top officials

Israel killed two senior Iranian security officials in a major blow to the Islamic Republic's leadership as it faces its greatest test in decades, and Iran responded Wednesday with renewed missile and drone attacks on its Gulf Arab neighbors and Israel. Ali Larijani, secretary of Iran's Supreme National Security Council, was considered one of the most powerful figures in the country since Supreme Leader Ayatollah Ali Khamenei was killed in an airstrike on the first day of the war. Gen. Gholam Reza Soleimani was the head of the Revolutionary Guard's all-volunteer Basij. Iran confirmed the killings of both men, who were key to Iran's violent crackdown on protests in January that challenged the theocracy's 47-year rule. Iran launched a barrage of missiles toward Israel on Wednesday as sirens sounded across central Israel and loud booms were heard in Tel Aviv. Israel's medical service, Magen David Adom, said two people were killed in Ramat Gan, a district east of Tel Aviv. With concern

Iran war: Concor slashes storage-related charges in relief for exporters

Customs allows foreign liquid bulk cargo to be stored at Indian ports

Govt to expedite maritime insurer plan amid rising West Asia conflict

ShipMin and DFS are in talks to set up a domestic P&I club as West Asia tensions push up marine insurance costs for shipping lines and exporters

West Asia conflict: Plastic units face closure as polymer costs rise 70%

Plastic units across India face shutdowns as polymer prices surge up to 70 per cent, disrupting production and threatening MSMEs, jobs and supply chains

LPG shortage in Delhi-NCR leaves consumers scrambling for refills

Long queues and limited stock show a system not firing on all cylinders