Page 5 - West Asia

Strong domestic demand could ease war's impact for Indian Hotels

Strong domestic travel demand helped IHCL offset West Asia conflict impact, with Q4 revenue rising 14% and occupancy levels remaining robust

Israel sent Iron Dome batteries, personnel to UAE for defence: US envoy

Israel sent Iron Dome anti-missile batteries and personnel to operate them to the United Arab Emirates to defend the country during the Iran war, the US ambassador to the country said Tuesday. Mike Huckabee made the comment on stage at an event in Tel Aviv, Israel. "I'd like to say a word of appreciation for United Arab Emirates, the first Abraham accord member," Huckabee said at the Tel Aviv Conference. "Just look at the benefits. Israel just sent them Iron Dome batteries and personnel to help operate them." The United Arab Emirates, a federation of seven sheikhdoms on the Arabian Peninsula, diplomatically recognised Israel in 2020. The UAE did not immediately respond to a request for comment over the acknowledgment by Huckabee, though it underlined the growing defence relationship between the countries long suspicious of Iran.

India declines Russian LNG under US sanctions despite energy supply crunch

The stance highlights the fine balance the world's third-biggest oil importer and consumer is seeking ‌to strike between securing energy supplies and avoiding LNG cargoes under sanctions

Govt mulling emergency measures to protect foreign-exchange reserves

Officials in the Prime Minister's Office and Finance Ministry have held discussions with the Reserve Bank of India on several measures that could be taken to limit the damage from soaring oil prices

'Need to play our part': India Inc backs PM's call, but cautious on WFH

Companies still weighing work from home appeal

West Asia crisis to hit Indian GCC sector: Nasscom president Rajesh Nambiar

Nasscom president Rajesh Nambiar warned that a prolonged West Asia crisis could delay global firms' GCC investment decisions in India

What PM Modi's WFH appeal means for India Inc's return-to-office push

As India faces rising geopolitical and oil market uncertainty, could PM Modi's work-from-home message force India Inc to rethink its return-to-office push?

PM Modi's WFH nudge: Can fewer office trips help cut India's fuel bill?

Work-from-home can reduce commute-linked fuel use in major cities, but experts say the overall energy impact depends on office and household power use

Why PM Modi wants Indians to save fuel, skip buying gold and avoid foreign trips | West Asia war

Prime Minister Narendra Modi urged citizens to help conserve foreign exchange reserves by reducing the consumption of imported fuel through the use of public transport and electric vehicles

What PM Modi's fuel-saving, WFH appeal signals for India's economy

As oil prices rise globally, Prime Minister Narendra Modi urges Indians to save fuel and delay gold purchases. Is this an early warning sign for India's economy and future price pressures?

From Covid-19 compulsion to office mandates: India's five-year WFH journey

The sudden lockdown sent the Indian workforce into a panic, and prompted a hasty overnight pivot to a work model that few companies had planned for

PM Modi's savings appeal signals fiscal stress at tipping point: Nomura

Nomura says PM Modi's appeal to conserve fuel, avoid gold purchases and cut overseas spending signals rising pressure on India's fiscal and current account deficits amid West Asia war

Looming expiry of US sanctions waiver sets off scramble for Russia oil

Fears over the expiry of a US sanctions waiver pushed India's Russian oil imports to record highs as refiners raced to secure supplies

Losses pile up, oil marketing companies may hike retail prices of fuel

State-run oil firms face mounting under-recoveries as crude prices remain above $100 per barrel amid the US-Iran conflict and Strait of Hormuz disruptions

West Asia tensions begin disrupting India's auto supply chain, margins

Bajaj Auto, Hero MotoCorp and Ather Energy flag rising commodity prices, freight costs and supply-chain disruptions as geopolitical tensions weigh on demand and margins

Need of hour is to use petro products with restraint, says PM Modi

Prime Minister Narendra Modi on Sunday said that the need of the hour, in the wake of the West Asia crisis, is to use petro products with restraint. Speaking at an event here where he virtually laid the foundation stone and inaugurated development projects worth around Rs 9,400 crore in Telangana, he said the imported petro products should be used only as per need, as it will not only save foreign exchange but also reduce the adverse impact of war. Observing that, over the past few years, India has reached a spot among the top countries in the world in terms of solar power, he said, unprecedented work has been done in ethanol blending in petrol. First, the government is focused on 100 per cent LPG coverage, and now, it is focused on the supply of piped gas economically. The government is also promoting a CNG-based system. Due to all these efforts, India is dealing with the major energy crisis in the world, he said. "But, today, the need of the hour is also to use petrol, gas, dies