Page 38 - West Asia

West Asia war: Indian refiners turn to Venezuela, Russia for oil supply

India has also ramped up oil purchases from alternate sources such as Nigeria and Angola

Summer will be tough, but growth in line of sight, says Blue Star MD

Unseasonal rains and West Asia conflict may hit demand and costs, but Blue Star expects 20 per cent growth backed by strong long-term AC market expansion

Banks unwind 75% forex bets as RBI deadline nears; rupee, bonds gain

Rupee, bonds gain ahead of central bank's policy review outcome on Wednesday

The Covid lessons: West Asia conflict can also be used to usher in reforms

West Asia conflict may disrupt Budget 2026-27 projections, squeezing revenues and raising subsidies, prompting fiscal adjustments and potential reforms, echoing lessons from the Covid-era shock

Rewiring power for a new era: India's energy transition is too cautious

India imports more than 90 per cent of its oil needs and roughly half its gas requirements

Reducing import dependence: Renewable energy can play a significant role

It has been argued that India must push up the domestic production of fossil fuels, including oil and gas, along with diversifying sources of imports

LPG crisis may reduce India's sugar consumption by 400K tonnes: ISMA chief

Centre rules out banning sugar exports; says no proposal to lower edible oil import duties

NBFCs flag rise in MSME delinquencies as Iran war disrupts supply chains

NBFCs see early warning signs in MSME portfolios as supply disruptions and rising input costs linked to the West Asia conflict strain cash flows and push up early-stage delinquencies

Aluminium extrusion industry cuts production amid West Asia crisis

The country's aluminium extrusion sector has significantly curtailed production capacities due to the escalating crisis in West Asia, according to Aluminium Extrusion Manufacturers Association of India (ALEMAI). The disruption in global supply chains, triggered by heightened geopolitical tensions in the region, has forced companies to scale back operations from an average annual output of 1.2-1.3 million tonnes, or about 1 lakh tonnes per month, to just 50,000-60,000 tonnes currently. Speaking to reporters on the sidelines of an event here, ALEMAI Secretary Ankur Aggarwal said, "The capacity has been scaled down. We have been producing 1.2-1.3 million tonnes on an average yearly. We were producing one lakh tonnes every month and it scaled down to 50,000-60,000 tonnes." Highlighting the industry's concerns, ALEMAI President Jitendra Chopra said, "India's midstream and downstream aluminium sectors are undergoing a severe contraction, with production declining by 40 per cent to 50 per

Over 10,000 flights to West Asia cancelled since war began: MoCA joint secy

Indian carriers used to operate 300-350 daily flights to West Asia, and that number has now come down to 80-90, he said during a media briefing

Iran warns Bab al-Mandeb could shut: What it means for global trade routes

Iran's warning over a possible Bab al-Mandeb closure has raised concerns over global trade. The strategic strait carries oil and goods between Asia, Europe and West Asia

Air India CEO steps down: Inside the turbulence airline is facing

Air India's CEO Campbell Wilson has reportedly stepped down as the airline deals with financial losses, safety concerns, regulatory scrutiny and flight disruptions linked to the West Asia conflict

West Asia war: Iran submits 10-point plan as Trump's Hormuz deadline nears

As President Donald Trump's deadline to reopen the Strait of Hormuz nears, Iran has submitted a 10-point proposal to end the war with the US and Israel. Here are the top updates at 10 am (IST)

West Asia tensions likely to heighten fiscal risks, says Govinda Rao

Economist M Govinda Rao warns rising geopolitical tensions could expose India's fiscal vulnerabilities, calling for reforms in GST, deficits, and public spending

Thiruvananthapuram's tourist hotspots feel the West Asia war pinch

War-linked travel disruptions and fuel shortages hit Kerala's tourism hubs, triggering cancellations, business losses, and fears of job cuts

The long reach of West Asia war: Sheffield of the East waits and watches

Furnaces cool faster than they should as Howrah's foundry belt sputters, with West Asia tensions choking fuel lines, snarling cargo routes, and stretching workdays thinner

RBI policy expectations: Safeguarding growth amid a supply shock

With limited policy space amid a global supply shock, RBI is likely to hold rates, balancing inflation risks with the need to protect growth

The economics of global disorder: Resilience to trump efficiency, growth

There have, no doubt, been admirable efforts by the government to cushion the energy shock emanating from the Gulf, but there is only so much it can do in such global circumstances

Over 1,700 Indians exit Iran via land borders amid West Asia conflict: MEA

Over 1,700 Indian nationals have left Iran through land border crossings in Armenia and Azerbaijan since the start of the West Asia conflict over a month ago, the Ministry of External Affairs (MEA) said on Monday. "Our embassy in Tehran has so far facilitated the movement of 1,777 Indian nationals to exit Iran through Armenia and Azerbaijan," MEA spokesperson Randhir Jaiswal said at a media briefing. The Indian nationals are flying back home from Armenia and Azerbaijan. Jaiswal said the Indians who returned home included 895 students and 345 fishermen. "The Indian fishermen were employed by various companies in Iran and they flew home from Armenia on March 4," he said.