India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Guwahati, March 31: Over 5.72 lakh passengers have returned to India from the West Asia region since February 28, as authorities continue to manage travel disruptions caused by widespread airspace restrictions. With Qatar's airspace partially reopening, 8-10 non-scheduled commercial flights are expected to operate to India on Tuesday. In the UAE, around 85 flights are scheduled through the day, while flights from Oman and Saudi Arabia continue under controlled conditions, the Ministry of External Affairs (MEA) said. However, airspaces in Kuwait and Bahrain remain closed. Special non-scheduled flights are being operated from Dammam in Saudi Arabia to facilitate passenger movement to India. To navigate regional restrictions, Indian nationals are being rerouted through multiple transit points. Travel from Iran is being facilitated via Armenia and Azerbaijan; from Israel through Egypt and Jordan; and from Iraq through Jordan and Saudi Arabia. The MEA said it is maintaining regular contact with the Indian community across the region, issuing advisories and extending assistance to ensure their safety. Meanwhile, the Ministry of Ports, Shipping and Waterways confirmed that all Indian seafarers in the region are safe, with no incidents reported in the past 24 hours. Currently, 18 Indian-flagged vessels with 485 Indian seafarers remain in the western Persian Gulf. Directorate General of Shipping (DG Shipping) has facilitated the safe return of over 959 Indian seafarers so far, including nine in the last 24 hours. Port operations across India continue to function smoothly, with no congestion reported, authorities added.
Nearly 1,200 Indian nationals, most of them students, have left Iran since the start of the West Asia conflict by crossing via land borders to Armenia and Azerbaijan, while three Indians were injured in attacks in the United Arab Emirates (UAE), officials of the external affairs ministry said on Wednesday. About 9,000 Indians, including students and businesspeople, were in Iran when military strikes by Israel and the US on February 28 triggered the conflict. Scores of students were moved from ci ...Read More >
New Delhi: With the West Asia war showing no signs of ebbing, US President Donald Trump, in his first comments after the jet crashes has asserted that the destruction of an American military aircraft will have no bearing on diplomatic discussions with Iran, as per news reports. Dismissing the notion that the event would impede negotiations, the President stated, "No, not at all. No, it's war. We're in war." These remarks represent the leader's first public response to the loss of an American plane during the hostilities, occurring as combat actions and diplomatic initiatives proceed simultan ...Read More >
New Delhi [India], April 4 (ANI): External Affairs Minister S Jaishankar on Saturday expressed gratitude towards Armenian counterpart Ararat Mirzoyan for facilitating the evacuation of Indian fishermen from Iran amid the conflict in West Asia. "Thank FM Ararat Mirzoyan and the Government of Armenia for facilitating the evacuation of Indian fishermen today from Iran, through Armenia to India," Jaishankar wrote on X. Also Read | Artemis II Mission: NASA Astronauts Share Stunning Images of Earth With Aurora and Globe View From Orion Capsule. Armenia has been facilitating the evacuation of Indi ...Read More >
The shockwaves of a war being fought nearly 3,000km away are now reaching India's kitchens. As the US-Israeli strikes on Iran disrupt energy shipments through the Strait of Hormuz, supplies of liquefied petroleum gas (LPG) are tightening across India, forcing restaurants to cut menus, shorten hours and in some cases shut down altogether. Social media is awash with video clips showing queues outside cooking-gas dealers across Indian cities and towns as worries over fuel supplies spread. Commerci ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
New Delhi, March 30: India has enough aviation turbine fuel (ATF) for the next 60 days and there is no immediate risk of disruption, Civil Aviation Minister Kinjarapu Rammohan Naidu told the Rajya Sabha on Monday amid concerns over the ongoing West Asia conflict. Responding to questions in the Rajya Sabha, Naidu assured that the country's aviation fuel supply remains stable despite the oil crisis triggered by the West Asia war. "India currently has adequate ATF reserves and does not foresee any shortage in the near future," he said. "India follows a balanced production system for ATF, where n ...Read More >
Mumbai, March 31: Gold prices in Dubai edged slightly higher on Tuesday as the month drew to a close, reflecting a modest rebound in international markets. Retail rates in the "City of Gold" saw 24-carat gold trading at approximately AED 541.75 per gram, a slight increase from previous sessions. The market remains influenced by a complex interplay between a strong US dollar and persistent safe-haven demand triggered by ongoing geopolitical tensions in West Asia. Local jewellers in the Deira Gold Souk and major shopping centres noted a steady flow of buyers, particularly those looking to hedge ...Read More >
New Delhi [India], April 2 (ANI): The ongoing West Asia crisis is beginning to impact aviation economics, with airlines now facing rising war-risk insurance costs. The conflict is not only disrupting global energy markets but also increasing the cost of operating flights in sensitive airspaces, as insurers move to price in elevated geopolitical risks. On the question of whether war-risk insurance has gone up post the West-Asia crisis, an airline industry source told ANI that "Previously, Indian carriers did not have dedicated war risk insurance coverage. However, due to the ongoing Iran-Israe ...Read More >
New Delhi: Foreign Secretary Vikram Misri on Thursday represented India at a high-level international meeting convened by the UK Foreign Secretary to address the escalating situation in West Asia, particularly disruptions affecting critical maritime routes like the Strait of Hormuz. The virtual gathering brought together representatives from more than 60 countries to discuss the regional crisis, which has raised serious concerns over global energy supplies and maritime security. India, a major importer of energy from the Gulf region, actively participated to highlight its stakes in maintainin ...Read More >
New Delhi, March 2 (SocialNews.XYZ) Prime Minister Narendra Modi and his Canadian counterpart Mark Carney discussed ongoing global issues, including the current situation in Iran, the Ministry of External Affairs (MEA) said on Monday. While addressing a special briefing on Carney's visit to India on Monday, Secretary (East) in MEA, P Kumaran, stated that PM Modi, during the meeting, said that India is deeply concerned about the recent developments in Iran and the Gulf region. He mentioned that PM Modi has urged all sides to avoid escalation and follow the path of dialogue and diplomacy to de- ...Read More >
Defence Minister Rajnath Singh on Thursday said Indian Navy vessels are ensuring the safe passage of the country's oil tankers through the troubled waters of the Strait of Hormuz. He added that the government is keeping a close watch on developments in the region. Singh was speaking at a Sainik Samman Sammelan in poll-bound Kerala. He further said India is not facing any shortage of fuel or gas and is well equipped to handle any potential energy disruptions arising from the ongoing war in West ...Read More >
New Delhi, Apr 2 (UNI) India has secured crude oil supplies for the next 60 days and maintains adequate inventory levels, with refineries operating at maximum capacity, the government said on Thursday, underlining that there is no shortage of key inputs and no increase in domestic fuel prices despite global volatility. Addressing a media briefing, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said crude availability remains stable and sulphur supplies are sufficient. Retail fuel outlets across the country are functioning normally, she added. Sharma said the gov ...Read More >
New Delhi [India], April 3 (ANI): Amid the conflict in West Asia and the Gulf region, which has resulted in a fuel crisis in several countries across the world, India on Thursday said that it has received a request from Bangladesh for the supply of diesel, which is currently being examined by the government. Other countries from the neighbourhood, including the Maldives and Sri Lanka, have also approached India. The inputs were shared by the Ministry of External Affairs Spokesperson Randhir Jaiwal during a weekly presser here in the national capital on Thursday. Speaking about India's energy ...Read More >
New Delhi [India], April 1 (ANI): With Israel embroiled in the conflict in West Asia, Hindustan Aeronautics Limited's Chief Managing Director DK Sunil on Thursday said that there have been delays in receiving the software for India's flagship fighter program, Tejas. When asked if there are any impacts on the LCA Mk 1 radar and Electronic Warfare (EW) systems in light of the conflict in West Asia, the HAL CMD told ANI, "We have had delays because of software coming for the radar for some issue. I ...Read More >
New Delhi: India-flagged large gas carrier Green Sanvi has safely transited the Strait of Hormuz on Friday night, carrying approximately 46,650 metric tonnes of Liquefied Petroleum Gas (LPG) cargo, official sources said. Earlier on March 28, a shipment of 47,000 metric tonnes of liquefied petroleum gas (LPG) arrived at the Vadinar Terminal of DPA Kandla in Jamnagar, Gujarat, on Saturday. The vessel, MT Jag Vasant, is set to transfer its cargo to another ship at anchorage through a Ship-to-Ship (STS) operation. Indian Navy warships were on standby to provide support to the merchant vessels, ...Read More >
New Delhi [India], April 4 (ANI): External Affairs Minister S Jaishankar on Saturday expressed gratitude towards Armenian counterpart Ararat Mirzoyan for facilitating the evacuation of Indian fishermen from Iran amid the conflict in West Asia. "Thank FM Ararat Mirzoyan and the Government of Armenia for facilitating the evacuation of Indian fishermen today from Iran, through Armenia to India," Jaishankar wrote on X. Armenia has been facilitating the evacuation of Indian nationals in Iran. On Thursday, the Ministry of External Affairs (MEA) said that more than 1,200 Indian nationals have been ...Read More >
At least eight Indian ships have so far exited the Strait of Hormuz amid Iran war New Delhi: Iran has said that its "Indian friends" don't need "to worry" about the Strait of Hormuz, a key shipping route that has been disrupted since Israel and the United States attacked Tehran on February 28. "Our Indian friends are in safe hands, no worries," the Embassy of Iran in India said in a post on X on Thursday. Iran controls the Strait of Hormuz, a shipping route through which 20 per cent of the wo ...Read More >
New Delhi, Apr 2 (PTI) Foreign Secretary Vikram Misri represented India on Thursday at a UK-hosted summit of nearly 30 nations that focused on ensuring safe shipping through the Strait of Hormuz amid Iran's partial blockade of the strategic waterway which has severely disrupted global oil and gas supplies. Misri, joining the deliberations through virtual mode, articulated New Delhi's stance on safety of international shipping lanes in the region. "As far as India is concerned, you very well know that we stand for free and open commercial shipping, and for maritime security in keeping with in ...Read More >
Mumbai: An India-bound LPG tanker successfully crossed the strategic Strait of Hormuz, marking a major development as global shipping continues to be impacted by the ongoing West Asia war. According to live tracking data from Marine Traffic, the India-flagged tanker Green Sanvi has transited the crucial chokepoint and is now en route to Mumbai. The vessel, owned by Mitsui O.S.K. Lines, is carrying approximately 46,000 metric tonnes of liquefied petroleum gas (LPG). 7th India-Flagged Vessel To Cross Hormuz Strait Amid Escalating Tensions Green Sanvi is the seventh India-flagged merchant vess ...Read More >
New Delhi, April 4 (SocialNews.XYZ) An India-bound LPG tanker has begun its journey through the strategically crucial Strait of Hormuz, offering some relief to concerns over energy supplies amid the ongoing West Asia conflict. The vessel, Green Salvi, is carrying more than 46,000 metric tonnes of liquefied petroleum gas (LPG) and is expected to exit the narrow waterway by early morning, according to the sources. The shipment is likely to play an important role in supporting India's domestic cooking gas supply at a time when global energy routes remain under stress. Sources said the tanker i ...Read More >
Kochi, Mar 11 (PTI) Prime Minister Narendra Modi on Wednesday attacked Congress and its leader Rahul Gandhi, alleging that he is unaware of the development happening in the country and accused the grand old party of playing politics over the West Asia crisis. At a BJP-led NDA rally here, Modi stated that Kerala's pattern of alternating between LDF and UDF governments must end for the benefit of the state. He urged the people of Kerala to give the BJP-led NDA a chance to serve them for the next five years as it comes with "Modi's guarantees". The PM said that people were ready to move away f ...Read More >
* Iran has allowed India-flagged tankers to pass through the Strait of Hormuz after talks. * Two Indian tankers, Pushpak and Parimal, are safely transiting the strategically vital strait. * A Liberian-flagged tanker with an Indian captain cleared the strait and docked in Mumbai. Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Iran has dismissed reports claiming Tehran has allowed India-flagged tankers to pass through the Strait of Hormuz amid a worsening global energy ...Read More >
India and Iran have been in touch in recent days over issues related to maritime movement and energy security, the government said on Thursday. Ministry of External Affairs spokesperson Randhir Jaiswal said S Jaishankar and Iran's foreign minister had spoken three times recently. "Iran foreign minister and India's Jaishankar have had 3 phone calls in recent days to discuss safe passage of ships, energy security," Jaiswal said. India has been closely monitoring developments in West Asia as tens ...Read More >
New Delhi, Mar 30 (PTI) The widening conflict in West Asia has driven a sharp 60 per cent surge in feedstock natural gas prices for fertiliser plants which is expected to raise the government's subsidy burden. With the conflict disrupting energy supply lines, supply of natural gas -- a primary feedstock for producing ammonia, which is the building block for nitrogen-based fertilisers -- has been restricted to 80 per cent of the demand. To meet the deficit, fertiliser companies are buying liquef ...Read More >
New Delhi [India], March 30 (ANI): A total of 8 Indian nationals have lost their lives in West Asia as the conflict in the Gulf region enters its second month. One person also remains missing, a senior official from the Ministry of External Affairs informed on Monday. The official added that the Indian mission in Kuwait is working closely with local authorities to ensure the early repatriation of the mortal remains of an indian national who lost his life in an attack in Kuwait. Aseem Mahajan, Joint Secretary (Gulf), made the remarks at the Inter-Ministerial briefing here in the national capit ...Read More >
Cochin (Keralam) [India], April 1 (ANI): The mortal remains of 20 Indian nationals who died due to various causes in Kuwait recently arrived at Cochin International Airport in Kerala on Wednesday, according to officials. Among the deceased was 37-year-old Santhanaselvam Krishnan from Muthukulathur in Tamil Nadu's Ramanathapuram district, who was killed in a drone strike on a water desalination plant. The other 19 individuals had died due to separate incidents and natural causes, but their repatriation had been delayed because of the regional conflict. A total of 8 Indian nationals have lost ...Read More >
New Delhi: Nineteen vessels carrying energy supplies for India are currently stranded near the Strait of Hormuz, Rajesh Kumar Sinha, Special Secretary in the Ministry of Ports, Shipping and Waterways, said. Of these, 10 are foreign-flagged vessels transporting cargo meant for India, while nine are Indian-flagged ships loaded with energy supplies. Addressing the media at an inter-ministerial press briefing on West Asia, Sinha said, "There are three vessels carrying LPG. They're all flying foreign flags. Then there are four crude oil tankers, also all under foreign flags. For LNG, there are thr ...Read More >
New Delhi: With the West Asia crisis continuing to drive volatility in the global energy market, Russia has offered to increase supply of crude oil and natural gas to India even as the two sides agreed to further enhance the overall bilateral ties. The energy cooperation figured prominently in meetings Russia's First Deputy Prime Minister Denis Manturov held with National Security Advisor Ajit Doval and External Affairs Minister S Jaishankar on Thursday, people familiar with the matter said. Manturov also held talks with Finance Minister Nirmala Sitharaman and called on Prime Minister Narend ...Read More >
New Delhi, April 4: An India-bound LPG tanker has begun its journey through the strategically crucial Strait of Hormuz, offering some relief to concerns over energy supplies amid the ongoing West Asia conflict. The vessel, Green Salvi, is carrying more than 46,000 metric tonnes of liquefied petroleum gas (LPG) and is expected to exit the narrow waterway by early morning, according to the sources. The shipment is likely to play an important role in supporting India's domestic cooking gas supply at a time when global energy routes remain under stress. Sources said the tanker is not sailing alon ...Read More >
New Delhi: An Indian LPG tanker carrying roughly half a day's cooking gas supply has successfully crossed the war-hit Strait of Hormuz, while another vessel from Iran has reached the port of Mangalore, signalling continued fuel inflows despite regional disruptions. "LPG vessel Green Sanvi has safely transited the Strait of Hormuz, carrying 46,650 tonnes of LPG cargo with 25 seafarers on board," a government statement giving an update on West Asia developments said Saturday. Also Read: West Asia war: 'Jag Vasant' carrying 47,000 tonnes of LPG reaches Gujarat's Vadinar port Green Sanvi is the ...Read More >