Page 35 - West Asia

Crew member of US fighter jet downed over Iran rescued, CBS News reports

US rescues one crew member after fighter jet shot down over Iran, as search continues for second amid escalating conflict

West Asia crisis: Govt explores ways to boost induction heater production

Govt discusses ramping up induction heater production as LPG supply concerns rise amid West Asia tensions, triggering surge in demand for electric cooking alternatives

Iran downs US fighter jet in southwestern region; hits Gulf energy sites

A local channel of Iranian state television claimed Friday that a US fighter pilot ejected from their aircraft over southwestern Iran. The US did not respond immediately to requests for comment over the claim. The anchor on the channel in Iran's Kohkilouyeh and Boyer-Ahmad province read the following announcement: "If you capture the enemy pilot or pilots alive and hand them over to the police, you will receive a precious prize." The channel provided no other immediate details. US Central Command, the Pentagon and White House didn't immediately respond to requests for comment.

Ship carrying Iranian oil shifts course from India to China, says Kpler

Iranian crude tanker reroutes from Gujarat to China amid tightening payment terms, underscoring rising sensitivity of oil trade flows during West Asia tensions

Some stocks likely to buck the trend and shine despite West Asia war

The optimism expressed by brokerages could turn out to be true if West Asia war ends quickly, or if countries find a way to easily move cargo ships and oil tankers through Strait of Hormuz once again

Five Indian nationals among 12 injured by missile debris in Abu Dhabi

Five Indian nationals were among 12 people reportedly injured in Abu Dhabi on Friday by debris from an intercepted missile. Local authorities said the people sustained minor to moderate injuries in the incident. The incident caused minor to moderate injuries to five Indian and six Nepali nationals, the Abu Dhabi Media Office said on social media. It said another Nepali citizen sustained a major injury. The incident occurred in the Ajban area of Abu Dhabi when debris fell following a "successful interception by air defence systems", it added. There was no word from the Indian side on the incident. Since the conflict in West Asia began on February 28, eight Indian nationals have been killed and several others injured in the region. An Indian was killed on March 29 in Kuwait in an Iranian strike on a power and water desalination plant. Last week, an Indian was among two killed in Abu Dhabi when debris of missiles intercepted by the UAE's air defence system fell on them. On March 1

US launches rescue for F-15 crew after fighter jet downed in Iran

The first known combat loss of a US fighter jet would mark a significant escalation in the five-week war that already has triggered a global energy crisis

First LNG tanker exits Strait of Hormuz along Omani coast since war

LNG ships have avoided Hormuz since the conflict broke out on Feb. 28, disrupting about a fifth of the world's supply of the fuel

West Asia conflict hits Surat's textile biz on higher costs, fewer workdays

Gujarat's textile hub in Surat has started feeling the pinch of rising input costs due to the ongoing West Asia conflict, with several units either curtailing their daily working hours or bringing down their active production days. Some office-bearers claimed that the industry was currently facing losses of around Rs 100 crore every day. Surat city is among India's largest centres for man-made fabric production. The South Gujarat Textile Processors Association has decided to limit the operational days of units to five days a week instead of seven in a bid to manage rising costs, its president Jitendra Vaktania said. "Due to rising costs of raw materials and coal, the textile processing industry in Surat and South Gujarat is facing a crisis," he said. Several units have also scaled down production cycles from 24 hours to 12 hours a day, impacting overall output, said Ashok Jirawala, president of the Federation of Gujarat Weavers' Welfare Association and vice-president of the Southe

West Asia crisis: Russia offers to boost crude, LNG supplies to India

With the West Asia crisis continuing to drive volatility in the global energy market, Russia has offered to increase supply of crude oil and natural gas to India even as the two sides agreed to further enhance the overall bilateral ties. The energy cooperation figured prominently in meetings Russia's First Deputy Prime Minister Denis Manturov held with National Security Advisor Ajit Doval and External Affairs Minister S Jaishankar on Thursday, people familiar with the matter said. Manturov also held talks with Finance Minister Nirmala Sitharaman and called on Prime Minister Narendra Modi last evening. A Russian readout of the First Deputy Prime Minister's engagements in New Delhi said special attention was accorded to bilateral cooperation in the oil and gas sector. "Denis Manturov confirmed that Russian companies have the capacity to steadily increase supplies of oil and liquefied natural gas to the Indian market," it said. The comments came as the the West Asia crisis continued

Israel reopens largest gas field after West Asia war shut it for a month

Israel had ordered the temporary shutdown of some gas fields as a security measure after the conflict broke out on Feb 28

Foreign Secretary Vikram Misri attends UK-led meet on reopening Hormuz

No talks with Iran on payments for Indian ships to transit via Hormuz: MEA

West Asia conflict: City of Glass cracks under Iran war's distant heat

Starting in Firozabad, where cooled furnaces and scattered shards of glass mirror fragile livelihoods, this six-part series traces the ripple of the West Asia war across India

PNGRB halts implementation of oil & gas consumer protection rules

The strict enforcement of certain provisions amid supply disruptions from the West Asia war may impact companies, the regulator said

Govt permits C3, C4 allocation for pharma, chemicals, and food sectors

A government committee will evaluate sector-wise allocation of C3 and C4 streams for key sectors amid supply constraints and rising energy prices due to the West Asia crisis

India manufacturing PMI plummets to 4-year low amid West Asia conflict

Industry 'takes a step back' as market uncertainty and cost pressures increase

Results preview: FMCG companies may see limited war impact in Q4FY26

Impact to be seen in Q1FY27

RBI's rupee challenge: Policymakers should not be swayed by absolute levels

While the war is affecting macroeconomic dynamics in various ways, requiring intervention, economic management has become significantly complex for the Reserve Bank of India (RBI)

More measures on anvil to help exporters tackle West Asia crisis: Goyal

Government is considering fresh measures, including freight support, to help exporters manage rising costs and disruptions caused by the ongoing West Asia crisis, says Goyal

Medtech, pharma welcome duty relief, seek GST cuts on key inputs

Industry welcomes customs duty exemption on petrochemicals but urges GST relief on inputs and faster refunds to ease cost pressures amid West Asia disruptions