Page 43 - West Asia

Iran's joint military command says banks now major target in West Asia

A joint Iranian military command said on Wednesday that banks and financial institutions are now a target in the Middle East. The Khatam al-Anbiya Headquarters issued a statement identifying the targets. It came after Iranian media reported staff at a bank in Tehran had been killed in Israeli-American airstrikes. The threat would put at risk, particularly Dubai, in the United Arab Emirates, which is home to many international financial institutions, as well as Saudi Arabia and the island kingdom of Bahrain.

FPI holdings in FAR G-Secs fall ₹4,634 cr as West Asia war rattles markets

Foreign portfolio investors' (FPI) bets in Fully Accessible Route (FAR) government securities have declined by about Rs 4,634 crore since the start of the Middle East conflict, reflecting growing caution among overseas investors amid rising crude oil prices, a weakening rupee and rising bond yields. Data from the Clearing Corporation of India Ltd (CCIL) showed that total FPI investment in FAR securities stood at about Rs 3.26 lakh crore on Tuesday, down from Rs 3.31 lakh crore on February 27, before the conflict began. The selling pressure has emerged as global markets reacted sharply to escalating tensions in the Middle East, which have triggered a spike in crude oil prices and volatility in emerging market assets. Brent crude prices have surged past USD 100 per barrel and were trading around USD 108 per barrel, raising concerns about inflationary pressures and India's external balance. At the same time, the rupee weakened sharply to below 92 against the US dollar, while the ...

West Asia war digest, March 11: Stories tracking the economic fallout

HL: West Asia war digest, March 11: Stories tracking the economic fallout Strap: From fuel security and LPG shortages to auto, food, markets and LIC losses, here's Business Standard's March 11 covera

West Asia war updates: India says no fuel shortage; Trump warns on Hormuz

India said there is no fuel shortage; oil prices remained volatile as Donald Trump warned Iran against mining the Strait of Hormuz. Here are the top updates at 9 am (IST)

About 1,000 Indians return from Qatar, embassy control room remains active

The Embassy thanked the authorities of Saudi Arabia and Qatar for their cooperation and said that its 24/7 Control Room remains functional, along with helplines and helpdesks

How Trump and his advisers miscalculated Iran's response to war

In the lead-up to the US-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime

Air India, its subsidiary to operate 58 flights to and from West Asia

Full-service carrier Air India and its low-cost subsidiary Air India Express on Tuesday said they will together operate a total of 58 scheduled and non-scheduled flights to and from West Asia on March 11. Amid the escalating conflict in the region involving the US, Israel and Iran, airlines are operating services in a calibrated manner as there are airspace restrictions and closures. The two carriers will continue to operate their respective scheduled services to and from Jeddah and Muscat on March 11, Air India said in a statement. While Air India will operate eight flights to and from Jeddah, Air India Express will be operating 14 scheduled flights to and from Muscat, it stated. On Wednesday, Air India will operate one round-trip each from Delhi and Mumbai to Jeddah, and Air India Express will operate one round-trip each from Hyderabad and Kozhikode to Jeddah Air India Express will also operate its scheduled services to Muscat, including one round-trip each from Delhi, Mumbai,

ACMA sends SOS to MHI over LPG crunch, export-import shipment delays

Auto component makers warn Red Sea shipping disruptions and LPG/PNG supply concerns are raising costs, delaying exports and threatening production across the supply chain

West Asia war: Air India introduces fuel surcharges amid rising oil prices

Air India to impose fuel surcharges on domestic and international flights in phases from March 12 as aviation turbine fuel prices surge amid supply disruptions

West Asia conflict: From biryani to dosa, LPG crisis bites into menus

Industry body asks 500,000 eateries to scale down cooking-intensive dishes

PM Modi calls for cushioning West Asia crisis impact amid supply fears

PM Modi asks key ministries to coordinate response to potential LPG and fertiliser disruptions as the government prioritises natural gas supply to protect fertiliser output

Tariffs, West Asia crisis get under the skin of Kolkata's leather hub

Every crease and fold tells the story of the city's leather industry, stretched thin by tariffs, disrupted consignments, and a fragile global market

West Asia conflict could disrupt India's trade, energy supplies: Assocham

ASSOCHAM warns that a prolonged West Asia conflict could disrupt global trade routes, push up oil prices and affect India's energy supplies, trade flows and supply chains

Oil could hit $150/bbl, $200 possible on demand destruction: WoodMac

Oil prices could rise to $150 per barrel as a massive Gulf supply disruption forces demand destruction, with $200 possible if the conflict persists, says Wood Mackenzie

Iran bets on endurance, energy disruption to outlast US, Israel

The IRGC also played the decisive role in elevating Mojtaba Khamenei as supreme leader after Ayatollah Ali Khamenei was killed in the opening US-Israeli strikes

India secures additional LPG, LNG supplies from non-Hormuz routes

Indian refiners report 10 per cent increase in LPG production since government order

Restaurants consider raising prices by 20-30% amid LPG shortage

Industry face double whammy, input costs rising amid LPG shortage

LPG, PNG supply crunch starts to squeeze output at packaged food units

Packaged food makers face production pressure as PNG and LPG supply disruptions linked to West Asia tensions force factories to cut gas usage, raising concerns over output and supplies

West Asia conflict Day 11: Iran warns of oil blockade, India secures LNG

Markets and oil prices remain volatile as the conflict intensifies; India secures additional gas supplies while Gulf nations intercept missiles and drones. Here are the top developments of the day

Reliance boosts LPG production at Jamnagar to stabilise domestic supply

Reliance Industries is taking proactive steps and in line with the government guidelines, the company said in a statement