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Mumbai, April 1: US tariff orders are likely to moderate India Inc's credit profiles in the second half of FY26, and the West Asia conflict, especially its duration, will play a crucial role in determining how it pans out in the future, rating agencies said on Wednesday. Crisil Ratings, which rates over 7,300 entities, conducted a stress test on the likely impact of the West Asia crisis on Indian companies, which revealed that 23 of the 30 sectors with exposure to the Gulf region will be resili ...Read More >
Hyderabad: Chief Minister A. Revanth Reddy on Wednesday accused Kerala Chief Minister Pinarayi Vijayan and the ruling Left Democratic Front (LDF) of having a "secret understanding" with the BJP. He termed the relationship between the BJP and LDF as a "fevicol bond" and said voting for the LDF was "equivalent to voting for the BJP." Campaigning as a star campaigner for the Congress in multiple constituencies, including Nemom, Revanth Reddy said only the defeat of Vijayan would usher in better da ...Read More >
India has no immediate plans to send domestic-flagged vessels back to the Persian Gulf, Rajesh Kumar Sinha, Special Secretary, Ministry of Ports, Shipping and Waterways (MoPSW) said Monday. Addressing an inter-ministerial briefing on recent developments in West Asia, he said insurance premiums have risen, and the high-risk area extends beyond just the Hormuz strait. The special secretary said there are currently three India bound foreign-flagged vessels carrying Liquefied Petroleum Gas (LPG), f ...Read More >
Dubai: An Indian national was injured when he was hit by shrapnel from a drone intercepted by the air defence system in the United Arab Emirates on Wednesday, local government said. The incident occurred near the Umm Al Thuoob Industrial Area in Umm Al Qaiwain, one of the seven emirates, state-run WAM news agency reported. The Umm Al Qaiwain Government Media Office confirmed that the relevant authorities in the emirate responded to an incident that occurred near a facility in the Umm Al Thuoob ...Read More >
New Delhi [India], April 1 (ANI): As developments in West Asia continue to unfold, the Shipping Ministry on Wednesday said that all Indian seafarers in West Asia are safe, with no incidents involving Indian-flagged vessels reported in the last 48 hours. Speaking at a joint inter-ministerial briefing on recent developments in the Gulf region, Additional Secretary, Ministry of Ports, Shipping and Waterways, Mukesh Mangal, stated that all Indian vessels and crew currently in the Persian Gulf are b ...Read More >
New Delhi [India], April 1 (ANI): As developments in West Asia continue to unfold, the Shipping Ministry on Wednesday said that all Indian seafarers in West Asia are safe, with no incidents involving Indian-flagged vessels reported in the last 48 hours. Speaking at a joint inter-ministerial briefing on recent developments in the Gulf region, Additional Secretary, Ministry of Ports, Shipping and Waterways, Mukesh Mangal, stated that all Indian vessels and crew currently in the Persian Gulf are b ...Read More >
The manufacture of condoms relies heavily on two critical inputs: silicone oil (used as a lubricant) and ammonia (essential for stabilising latex). The ripple effects of the ongoing US-Israel-Iran war in the Gulf region are now impacting an unlikely sector - India's Rs 8,000 crore worth condom manufacturing industry. According to a report by The Indian Express, disruptions in petrochemical supply chains have triggered shortages of key raw materials, affecting the country's condom manufacturing ...Read More >
New Delhi [India], April 1 (ANI): About 5,98,000 passengers have returned to India amid the developing security situation in West Asia and the Gulf region, a senior government official said on Wednesday. He also shared that the incident caused by debris from an interception in Dubai yesterday, three Indian nationals sustained minor injuries, and the consulate is in close touch with them as it renders all assistance. The authorities in Dubai confirm that the incident caused by debris from an int ...Read More >
New Delhi [India], April 1 (ANI): About 5,98,000 passengers have returned to India amid the developing security situation in West Asia and the Gulf region, a senior government official said on Wednesday. He also shared that the incident caused by debris from an interception in Dubai yesterday, three Indian nationals sustained minor injuries, and the consulate is in close touch with them as it renders all assistance. The authorities in Dubai confirm that the incident caused by debris from an int ...Read More >
Vijayawada: Civil supplies minister Nadendla Manohar on Tuesday assured that there is no shortage of petrol, diesel or cooking gas in the state, urging people not to panic or believe rumours about supply disruptions. Addressing a press conference at the civil supplies state office in Kanuru here, the minister said the coalition government has ensured uninterrupted availability of essential fuels across the state. He noted that misinformation circulating on social media had triggered a sudden su ...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 repat ...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 foreig ...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 repat ...Read More >
New Delhi/Mumbai: Two India-flagged tankers hauling liquefied petroleum gas (LPG) arrived in the country after being cleared by Iran to transit the strategic Strait of Hormuz, even as two additional carriers, the BW Tyr and BW Elm, began their journey through the waterway on Saturday, officials aware of the matter said. According to the officials, the Jag Vasant, a 230-metre-long ship, dropped anchor around 8 pm on Friday at Vadinar, a terminal of the state-run Deendayal Port Authority (DPA), p ...Read More >
BRICS Summit 2026: India assumed the BRICS chairmanship in 2026. It is a position of honour for the country. Hosting the annual BRICS summit is an important opportunity, but the ongoing war the Gulf region has made the task far more complex. The challenge comes from the fact that BRICS members are split on the military confrontation between US-Israel alliance and Iran. Tehran is pushing one side, while the United Arab Emirates (UAE) and Saudi Arabia stand on the opposite side. Organising the su ...Read More >
NEW DELHI: A foreign vessel carrying Iranian oil is likely to reach India on April 4, marking the first such shipment since May 2019, when India stopped imports from the country in the wake of US sanctions.MarineTraffic data showed that the Eswatini-flagged tanker, Ping Shun, was heading to the Vadinar facility of Deendayal Port at Kandla. A govt official said the port had not received any intimation about its arrival till late on Tuesday.According to Sumit Ritolia, lead analyst at global analyt ...Read More >
Panaji: The war in West Asia, and the resultant energy crisis, is yet another reminder that a strong navy is critical for India to secure its trade routes and strategic objectives, said deputy chief of naval staff vice admiral Tarun Sobti on Tuesday. Sobti was speaking at the launch of a naval warship INS Shachi at Goa Shipyard Limited."With rising strategic competition and conflicts, Indian Navy continues to remain the prime manifestation of th country's maritime power and a very important inst ...Read More >
NEW DELHI: A day before Zionist entity and the United States attacked Iran on February 28, the Indian flagged LPG tanker Pine Gas loaded cargo at the United Arab Emirates' Ruwais port, hoping to reach home within a week. However, it would be nearly three weeks before the vessel safely transited the Strait of Hormuz, after Iran began selectively allowing ships through the narrow waterway. Pine Gas Chief Officer Sohan Lal said the ship's 27 Indian crew had seen missiles and drones flying overhead ...Read More >
NEW DELHI, March 31 (Reuters) - A day before Israel and the United States attacked Iran on February 28, the Indian‑flagged LPG tanker Pine Gas loaded cargo at the United Arab Emirates' Ruwais port, hoping to reach home within a week. However, it would be nearly three weeks before the vessel safely transited the Strait of Hormuz, after Iran began selectively allowing ships through the narrow waterway. Pine Gas Chief Officer Sohan Lal said the ship's 27 Indian crew had seen missiles and drones f ...Read More >
Kozhikode (Kerala) [India], March 31 (ANI): Lok Sabha Leader of Opposition and Congress MP Rahul Gandhi on Tuesday warned of a looming "financial earthquake" linking the ongoing tensions in West Asia to a potential spike in fuel prices and inflation that would be directly felt by the people of India in the coming months. Addressing a gathering in Kozhikode today, Gandhi said that the unfolding situation in the Gulf region is a "tragedy" whose consequences remain uncertain, but cautioned that it ...Read More >
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 Exter ...Read More >
NEW DELHI, March 31 (Reuters) - A day before Israel and the United States attacked Iran on February 28, the Indian‑flagged LPG tanker Pine Gas loaded cargo at the United Arab Emirates' Ruwais port, hoping to reach home within a week. However, it would be nearly three weeks before the vessel safely transited the Strait of Hormuz, after Iran began selectively allowing ships through the narrow waterway. Pine Gas Chief Officer Sohan Lal said the ship's 27 Indian crew had seen missiles and dro ...Read More >
NEW DELHI, March 31 (Reuters) - A day before Israel and the United States attacked Iran on February 28, the Indian‑flagged LPG tanker Pine Gas loaded cargo at the United Arab Emirates' Ruwais port, hoping to reach home within a week. However, it would be nearly three weeks before the vessel safely transited the Strait of Hormuz, after Iran began selectively allowing ships through the narrow waterway. Pine Gas Chief Officer Sohan Lal said the ship's 27 Indian crew had seen missiles and drones f ...Read More >
Dehradun (Uttarakhand) [India], March 31 (ANI): Former Uttarakhand Chief Minister and senior Congress leader Harish Rawat on Tuesday said that the West Asia conflict and India's efforts to navigate through it will have a "psychological impact" on the assembly elections of four states and one union territory. Rawat expressed disappointment over New Delhi's diplomatic efforts as he said that the "capable India is failing to put forth its point", emphasising historic friendly relations with Iran. ...Read More >
New Delhi: Amid the ongoing war in West Asia, the government on Monday said 10 foreign-flagged ships carrying energy cargo for India are stranded in the Persian Gulf, while 18 Indian vessels remain in the same region. The situation has raised concerns over the movement of supplies through the Strait of Hormuz. Three of the stranded foreign ships are carrying LPG, four have crude oil, and three are loaded with LNG, Rajesh Sinha, special secretary in the shipping ministry, was quoted as saying by ...Read More >
New Delhi: Six Indian nationals have lost their lives, and one remains missing in separate incidents across the Gulf region amidst the West Asia conflict, the Ministry of External Affairs said on Friday, adding that Indian missions are coordinating with local authorities for assistance and repatriation. Addressing the Inter-Ministerial Briefing, Additional Secretary (Gulf) in the MEA, Aseem R Mahajan, said Indian missions in multiple countries are working closely with authorities to locate the ...Read More >
Hyderabad, March 31: The US Iran conflict intensified after a likely United States strike hit Iran's central city of Isfahan early Tuesday. The attack created a massive fireball in the sky. At the same time, Tehran struck a fully loaded Kuwaiti oil tanker in the Persian Gulf near Dubai. Here To Join Us On WhatsApp The developments highlight the growing intensity of the ongoing war involving the United States and Israel against Iran. The conflict has now lasted for a month. Meanwhile, Iran cont ...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 Gol ...Read More >
Mumbai, March 31: At least 28 ships carrying critical energy supplies for India remain stranded in the Persian Gulf as the conflict in West Asia continues to paralyse the Strait of Hormuz. According to the Ministry of Ports, Shipping, and Waterways, the stranded fleet consists of 18 Indian-flagged vessels and 10 foreign-flagged ships, all carrying essential cargoes of crude oil, liquefied petroleum gas (LPG), and liquefied natural gas (LNG). Rajesh Kumar Sinha, Special Secretary in the Ministry ...Read More >
New Delhi: Amid escalating tensions in the Middle East, at least 10 foreign-flagged ships carrying energy supplies for India remain stranded in the Persian Gulf, while 18 Indian-flagged vessels are anchored near the strategically vital Strait of Hormuz, the government confirmed. The disruption follows intensified hostilities involving Iran, which has majorly restricted access to the narrow shipping corridor, through which nearly a fifth of global crude oil and liquefied natural gas typically pa ...Read More >
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