Page 41 - West Asia

Q4 results preview: IT cos set for soft finish to FY26 as war clouds gather

West Asia conflict, GenAI fears, and cautious clients weigh on demand

Aviation in a tailspin again as it recovers from last year's shocks

Disruptions from Iran war have sharpened underlying challenges in a sector that is still recovering from last year's shocks

India's fuel exports drop amid European Union sanctions, West Asia war

Latest sanctions by EU banning imports of fuels made from Russian crude oil from January has hurt India's sales, say industry sources

Inflation dynamics: Ongoing Iran conflict will complicate policy choices

Research has shown that both the inflation rate and volatility moderated after the adoption of the flexible inflation-targeting framework

Higher crude oil prices, uncertainty weigh on commercial vehicle sales

Surging crude prices and geopolitical tensions weigh on commercial vehicle demand outlook, even as strong freight activity supports near-term growth in volumes

Iran says its expelled ambassador won't leave Lebanon as tensions soar

Iran on Monday defied Lebanon's expulsion order for its ambassador by saying he would stay, further increasing tensions in a country in the crosshairs of the latest fighting between the Iranian-backed Hezbollah and Israel. Lebanon had declared Ambassador Mohammad Reza Shibani "persona non grata" in an effort to weaken Iran's diplomatic presence and have a charge d'affairs at its embassy instead. But the deadline to leave the country was Sunday. "Our embassy in Lebanon is active," Iranian Foreign Ministry spokesman Esmail Baghaei told journalists. "Our ambassador, following remarks made by relevant Lebanese bodies and the conclusions reached, will continue his mission in Beirut and he is still there." Lebanese officials did not immediately respond to a request for comment. It was not clear what Lebanon would might do next or how diplomatic relations might be affected. The Iranian ambassador is reportedly in the embassy, where he is believed to have diplomatic immunity. The Lebanese

How Iran is controlling the Strait of Hormuz

A month into the US-Israel–Iran conflict, the Strait of Hormuz, the world’s most critical oil artery, is no longer fully open. Traffic has collapsed, Iran is dictating passage

India, Russia review strategic partnership amid West Asia crisis

India and Russia on Monday explored ways to further expand their already close strategic partnership against the backdrop of the West Asia crisis and its economic fallout. The escalating conflict in West Asia is learnt to have figured prominently in Russian Deputy Foreign Minister Andrey Rudenko's meetings in New Delhi including with External Affairs Minister S Jaishankar. "Good to meet Deputy Foreign Minister Andrey Rudenko of Russia. Spoke about further advancement of our wide-ranging cooperation. As well as regional and global developments," Jaishankar said on social media. People familiar with the meeting said the crisis in West Asia figured in the discussion. Rudenko also co-chaired India-Russia Foreign Office Consultations along with Foreign Secretary Vikram Misri. "Both sides reviewed the full spectrum of Special and Privileged Strategic Partnership and shared perspectives on bilateral, regional and global issues of mutual interest," External Affairs Ministry spokesperson .

myHQ by Anarock eyes Dubai, London expansion despite West Asia conflict

Firm targets Rs 500 crore revenue in five years after pivot to marketplace model, with global expansion plans focused on high-value markets offering long-term growth potential

West Asia conflict: 8 Indian lives lost in 'various incidents', says MEA

Amid the escalating West Asia conflict, the Ministry of External Affairs (MEA) on Monday said eight Indian nationals have lost their lives while one remains missing in "various incidents" in the region. At an inter-ministerial briefing here on the West Asia situation, Additional Secretary (Gulf), MEA, Aseem R Mahajan, also said, "Yesterday, an Indian national unfortunately lost his life in an attack in Kuwait." However, he did not elaborate upon the circumstances of this death. "We express our deepest condolences to the family of the deceased. Our Mission in Kuwait is in touch with the family of the deceased and is coordinating closely with the local authorities to render all support and for early return of his mortal remains to India," he said. On March 20, at an inter-ministerial briefing on the West Asia situation, Mahajan had told reporters that six Indian nationals had lost their lives while one remained missing in "various incidents". On Monday, he shared an update, saying,

Why Iran war has forced India to bring kerosene back to the kitchens

Kerosene, once widely subsidised and used in India, was phased out with LPG expansion; now, amid global supply disruptions, the fuel is making a temporary return to households

Trump claims regime change in Iran has already occurred amid West Asia war

Donald Trump signals that while a formal deal with Iran remains uncertain, shifting ground realities suggest regime change may already have occurred amid the ongoing conflict and negotiations

Trump claims Iran gave in to US demands, considers seizing Kharg Island

Taking Iran's oil would require a risky military operation involving the invasion and occupation of its main export hub, Kharg Island, which also houses an Iranian naval base

Stocks, real estate, bonds, gold, silver, oil: Where to invest in FY27?

Here's how leading analysts expect FY27 to play out for different asset classes and suggest an ideal investing strategy.

Iran parliament speaker warns severe retaliation against US ground invasion

Iran warns of severe retaliation against US ground forces as conflict escalates, with experts cautioning long-term global economic fallout from damaged energy infrastructure

HFCL's growth plan: Fibre and firepower to drive next phase expansion

HFCL plans ₹800-900 crore expansion in fibre and defence as data centre demand surges, while navigating supply risks and boosting exports

Why the West Asia war may force countries to rely less on natural gas

The United States, as the world's biggest gas exporter, will almost certainly benefit from this upheaval, at least in the short term

West Asia war: CII outlines 12 point industry agenda, lauds govt response

Industry body CII on Sunday commended the government for its "swift, coordinated and well-calibrated response" to the disruptions arising from the West Asia crisis, and laid out a 12-point agenda for India Inc to complement these efforts. CII Director General Chandrajit Banerjee said while the policy response has mitigated immediate risks, the evolving situation requires continued coordination between the government and industry. "The policy approach has correctly focused on maintaining production continuity and supporting viable enterprises," Banerjee noted. "The next phase requires industry to build on this foundation with practical and responsible actions." Banerjee emphasised that the government's response has been timely, measured and reassuring. It reflects a whole of government approach that has focused on keeping supply chains functional, supporting exporters, protecting households and maintaining macroeconomic stability. Industry deeply appreciates both the intent and the

Regional powers' huddle in Pakistan to de-escalate West Asia conflict

Foreign Ministers of Saudi Arabia, Egypt, Turkiye and Pakistan held consultations on the West Asia conflict in Islamabad on Sunday to find a way to de-escalate the ongoing war that has unsettled the region and caused severe global economic disruptions. The foreign ministers discussed the evolving regional situation and exchanged views on security issues while exploring options for broader peace in the region, an official said. The talks were held amidst a delay in the direct talks between the US and Iran. No statement was issued after the meeting. Egyptian Foreign Minister Badr Abdelatty and Turkish Foreign Minister Hakan Fidan arrived in Islamabad on Saturday, while their Saudi counterpart, Prince Faisal bin Farhan Al Saud, reached here on Sunday at the invitation of Pakistan Deputy Prime Minister and Foreign Minister Ishaq Dar. The two-day quadrilateral summit is Pakistan's attempt to broker peace in West Asia. After the meeting, the Saudi Foreign Minister Prince Faisal bin Farh

Govt may consider more relief packages if West Asia crisis prolongs

The government may announce more relief packages for vulnerable segments of the economy, including the MSME sector, to help them sustain and keep inflation under check in the domestic market if the West Asia crisis prolongs further, sources said. The government has announced a slew of measures, including cutting excise duty on petrol and diesel during the month and will not hesitate to announce more to shield the vulnerable sectors of the economy, sources said. The government slashed the excise duty on petrol to Rs 3 a litre and exempted diesel from the duty to protect consumers from the impact of rising global crude prices amid the ongoing war in the Middle East. Alongside, the government brought back duties on the export of diesel and aviation turbine fuel (ATF) to improve domestic availability. Global crude prices have risen by almost 50 per cent since the United States and Israel launched military strikes against Iran on February 28, triggering sweeping retaliation from ...