Page 4 - West Asia

Buy dips or sell rallies? Analysts' strategy amid West Asia crisis, Q1 results

The recovery seen in the Indian stock markets on Thursday, analysts said, was more on account of value buying at lower levels, but advise investors stay cautious.

IMF trims India's FY27 growth forecast to 6.4% from 6.5% in April

The IMF has cut India's FY27 growth forecast to 6.4 per cent, saying higher energy prices outweigh resilient economic activity, while raising its FY28 projection

War insurers advise shipowners to pause Hormuz voyages after attacks

Renewed tanker attacks in the Strait of Hormuz have driven up war risk insurance costs, raising concerns over shipping, oil supplies, and maritime security

Jaishankar visits Gulf nations, New Delhi stays in touch with Tehran

India has stepped up diplomatic engagement with Gulf nations and remains in touch with Iran as escalating regional tensions threaten energy supplies, shipping and the Indian diaspora

NoBroker's ConvoZen expands into West Asia with Arabic AI speech models

NoBroker's ConvoZen.AI has entered West Asia with Arabic speech models Alif and Rawi, designed for multilingual, multi-dialect enterprise voice interactions across the MENA region

From Qatar to Bahrain: Where are the US' military bases in West Asia?

The US has maintained military bases and facilities across West Asia for decades, ranging from major air and naval bases to smaller logistics and intelligence outposts

LNG emerged as a reliable source of energy security amid West Asia war

Senior industry officials say that New Delhi is ignoring a cleaner burning fuel, which offered more supply security during the war compared to crude oil and LPG

Ceasefire with Iran 'over', but negotiations can continue: Trump

US President Donald Trump said Wednesday that the interim agreement with Iran is "over" but he will allow talks to continue. "For me, I think it's over," Trump responded when asked about the status of ceasefire. "It's just a waste of time dealing with them." He made the comment on the sidelines of the two-day NATO summit in Ankara, Turkey, and hours after striking Iran in what the US described as retaliation for strikes on tankers in the Strait of Hormuz.

Q1FY27 earnings preview: Will West Asia war dent India Inc.'s fortunes?

Here's what leading brokerages expect from India Inc. in Q1-FY27 and a deep dive into expectations across companies in the frontline sectors.

US strikes Iran after revoking oil sanctions relief over Hormuz attacks

Iranian media reported explosions early Wednesday local time in the southern port city of Sirik, on Qeshm Island, and in Bandar Abbas. No civilian deaths were reported, but several people were injured

Over 140K guarantees worth ₹1.55 trillion issued under ECLGS 5.0: Govt

The finance ministry said over 140,000 guarantees worth more than Rs 1.55 trillion have been issued under ECLGS 5.0, with MSMEs accounting for the overwhelming majority of beneficiaries

India's energy stress test: How agile policy kept the economy moving

That was no small achievement. India imports nearly 90 per cent of its crude oil and around 60 per cent of its LPG, much of it normally arriving from the Gulf

Crude oil outlook: Price war, global market share in focus

The Middle East is now entering a different kind of conflict-one driven not by military confrontation, but by the battle for market share in global oil markets.

IGX benchmark gas price jumps 49% in April amid West Asia crisis

The Indian Gas Exchange's benchmark gas price index rose sharply in April as supply constraints linked to the West Asia crisis pushed up prices despite a surge in traded volumes

15 vessels carrying urea, DAP, sulphur crossed Hormuz after US-Iran truce

The official statement said that of the remaining five vessels, three are carrying urea and one is carrying ammonia. All are scheduled to leave for India in the next few days

Govt likely to use ammonia from coal gasification to produce urea

The government is exploring coal gasification-based ammonia for new urea plants to cut LNG dependence, boost energy security and reduce fertiliser subsidies

Govt fast-tracks disinvestment, garners 31% of FY27 Budget target in Q1FY27

The government has pushed the pedal on its disinvestment and asset monetisation plan in the current fiscal, raising about 31 per cent of its full-year budgeted target in the first quarter itself. Recording the fastest pace of disinvestment ever in the first quarter of any fiscal, the period between mid-May and June this year saw one offer for sale from the government every week for disinvestment of public sector enterprises. Faced with the stress of increased expenditure on subsidy due to a higher import bill, the government is making all-round efforts to garner revenues, especially from the non-tax side. Over the past six weeks, offer for sale (OFS) of six public sector enterprises hit the capital markets wherein the government garnered a cumulative Rs 18,561 crore. The six entities are Central Bank of India, Coal India, NHPC, NLC India, GIC and IRFC. Separately, Rs 6,367 crore has come from asset monetisation under the Infrastructure Investment Trust (InvIT). As against the ful

Summer Davos and a new investment narrative for West Asia's economic future

West Asia's economic transformation presents India with new opportunities in infrastructure, trade, logistics and digital partnerships, strengthening regional integration

US, Iran getting along very well, says Trump after meeting in Qatar

President Donald Trump says US-Iran talks in Qatar are progressing well, expressing optimism over denuclearisation efforts and discussions on a lasting ceasefire

Hormuz disruption may have lasting impact on vulnerable economies: UNCTAD

The UN trade agency said vulnerable economies could continue to face elevated food, fuel and transport costs even after energy markets stabilise following the reopening of the Strait of Hormuz