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THE TRUTH ABOUT: West asia - Caught on Camera

Rupee plunges 34 paise to 95.08 against dollar as crude prices surpass USD 100 mark

The rupee fell by 34 paise, settling at 95.08 against the US dollar, amid rising crude oil prices that have breached USD 100 per barrel, raising inflation fears. The depreciation was fueled by sluggish equity markets and foreign institutional investor sell-offs. Additionally, escalating tensions in West Asia contributed to Brent…

The Economic Times

India faces higher oil import costs as crude prices surge on West Asia supply risks

International crude prices surged, impacting India's oil import bill and inflation. Escalating West Asia tensions raised concerns about global supply disruptions. India, a major oil importer, faces pressure on its trade balance and currency. Fuel retailers may experience margin pressure as crude prices cross USD 100. The disruption affects energy…

The Economic Times

Glass, PET keep spirits high amid can shortage

Indian beverage firms are increasingly using glass and PET bottles for packaging. This shift occurs as the West Asia conflict disrupts aluminium can supplies and raises costs. Aluminium can prices have risen by at least twenty percent due to these global issues. Beer makers report stronger demand for glass bottles…

The Economic Times

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Indian Bank to open representative office in Dubai to expand foreign operations

Indian Bank plans to open a representative office in Dubai after receiving board approval, targeting business from the large Indian diaspora in West Asia. The public-sector lender is also exploring a presence in Malaysia and Indonesia and plans to add 100 domestic branches this year.

The Economic Times

Iran slams US strikes on IRGC Oil Tankers in West Asia, calls it 'war crime'

Iran strongly condemned US strikes on Iranian commercial vessels in the Persian Gulf and Sea of Oman, calling them a violation of the UN Charter and a “war crime”. Tehran warned Washington and its allies of consequences, after CENTCOM said it struck three Iranian crude carriers following alleged Iranian missile…

The Economic Times

End Iran war or keep options open? Trump, Pentagon appear to take different tracks

President Trump considers ending the seven-month Iran war while extending troop deployments. Recent US and Iran attacks escalate tensions across the West Asia region. American forces struck multiple Iranian sites, and Tehran retaliated against US-linked facilities. The US escorted forty commercial vessels through the Strait of Hormuz. Pentagon preparations suggest…

The Times of India

Auto exports remain mixed in August as West Asia crisis disrupts shipments: Report

India's auto exports showed mixed trends in August 2026, impacted by regional logistical disruptions. Domestic demand remained robust across most vehicle segments, driving overall retail volumes higher. Passenger vehicle wholesale volumes saw significant year-on-year growth, supported by strong retail demand. Two-wheeler sales also recorded substantial growth, with electric variants surging…

The Economic Times

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India-Oman discuss defence academic and training collaboration

An Indian National Defence College delegation met Oman's Chief of Staff. Discussions focused on academic and training collaboration between the two nations. Oman serves as a strategic partner for India in the West Asia region. Their defense cooperation has become a key pillar of this partnership. India holds the most…

The Economic Times

As PM Modi pushes India-Iran trade at SCO, Rubio warns of sanctions for helping Tehran

US Secretary of State Marco Rubio denied trade deal talks between India and Iran. He warned countries aiding Tehran to evade sanctions could face penalties. Prime Minister Narendra Modi met Iranian President Masoud Pezeshkian to discuss bilateral ties. They reiterated commitment to strengthening friendship and expanding trade relations. Both leaders…

The Economic Times

Market Trading Guide: Ageis Vopak Terminals among 2 stock recommendations for Thursday

Indian equities remained volatile amid global bond-market stress and West Asia tensions, with mid-caps under pressure. Analysts recommend SKF India and Aegis Vopak Terminals, citing technical breakouts, strong volumes and improving momentum for potential upside.

The Economic Times

CENTCOM says it completed "wave of strikes" against Iranian military targets

United States forces conducted strikes against Iranian military targets in West Asia. Iran's Foreign Ministry reported civilian casualties from strikes on a wedding celebration. Iran's IRNA news agency claimed retaliatory ballistic missile and drone attacks on US bases. Bahrain and Kuwait reported responding to Iranian drone attacks and missile interceptions.…

The Economic Times

'Double standards' in fight against terrorism 'unacceptable': SCO declaration

In a united front, the SCO countries dismissed double standards in addressing terrorism and cross-border movements, expressing their profound worries about the situation in West Asia and condemning US military actions against Iran. The member nations strongly promoted political and diplomatic avenues to resolve conflicts in the region and underscored…

The Economic Times

Indian Oil ramps up LPG output 30% as Hormuz disruption tests India’s energy security

Indian Oil Corporation increased LPG production by nearly thirty percent. Refineries operated above full capacity to ensure energy supply continuity. The company diversified crude sourcing and adjusted refinery operations. Record operating performance was achieved for the year ended March 2026. Investments are increasing to expand refining capacity and diversify energy…

The Economic Times

CNG prices will come down after US-Iran situation normalises: BJP spokesperson Shahnawaz Hussain

In Delhi, the cost of CNG has gone up by Rs 3.89 per kg, reflecting a response to rising import costs and geopolitical uncertainties on a global scale. Significant unrest in West Asia has disrupted vital shipping lanes for natural gas. Nonetheless, Indraprastha Gas Limited continues to protect consumers from…

The Economic Times

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The Economic Times

GMR Group to explore opportunities for airports, adjacent biz in West Asia, Eastern Europe

GMR Group chairman G M Rao sees significant international airport opportunities. The company will explore growth in West Asia and Central Asia. Eastern Europe and Southeast Asia also present expansion possibilities. GMR Airports aims to scale up its asset-light portfolio globally. This strategy supports sustainable growth and financial discipline for…

The Economic Times

Oil & gas stocks after 6 months of West Asia crisis: Who beat markets, who lagged & what’s next?

The Nifty Oil & Gas Index lagged behind the broader market following the onset of the West Asia conflict. Despite this, Aegis Logistics and Chennai Petroleum Corporation demonstrated strong performance among sector stocks. Conversely, state-run oil marketing companies saw their values drop significantly. Analysts believe OMCs are a cautious investment…

The Economic Times

India, China can help resolve West Asia conflict: Hillary Clinton

Former US Secretary of State Hillary Clinton said India and China could play key roles in resolving the West Asia conflict because of their energy ties with Iran. She said diplomatic pressure from major buyers, particularly China, could help push Tehran towards reopening the Strait of Hormuz.

The Economic Times

India pivots to US for LPG, LNG as West Asia crisis disrupts Gulf supplies

India is sharply increasing LPG and LNG imports from the United States as West Asia disruptions constrain traditional Gulf supplies. US LPG accounted for over 73% of India’s LPG imports in August, while US LNG volumes also rose. Russia remains India’s largest crude supplier, while Venezuela and the UAE gain…

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The Economic Times

FACT, Paradeep Phosphates, RCF, other fertiliser stocks rally up to 13%. Here's why

Shares of fertiliser companies rallied up to 13% on Tuesday after Russian President Vladimir Putin assured India of uninterrupted fertiliser supplies amid the West Asia crisis. Fertilisers and Chemicals Travancore (FACT), Rashtriya Chemicals and Fertilisers (RCF), Paradeep Phosphates and Chambal Fertilisers & Chemicals gained as investors assessed the potential boost…

The Economic Times

Russian president Putin assures India of uninterrupted supply of energy, fertilisers

Russia has assured India of uninterrupted supplies of energy and fertilisers amid disruptions from the West Asia crisis, as External Affairs Minister S Jaishankar met President Vladimir Putin in Moscow. Jaishankar and Russian officials also discussed expanding economic ties. Bilateral trade has nearly quadrupled from $13 billion in FY22 to…

The Economic Times

Indian banks' asset quality outlook remains stable, West Asia impact limited: Report

Banks in India foresee a stable outlook for asset quality, driven by the reduction of unsecured lending which should prevent new stresses from emerging. The current crisis in West Asia is unlikely to significantly affect operations. Furthermore, with a strong government backing, microfinance loans provide more security, and although MSME…

The Economic Times

Chandra Grahan to coincide with Raksha Bandhan this year: Check date, time, India visibility and all you need to know

Lunar eclipses 2026: A deep partial lunar eclipse will occur on August 28, 2026. This celestial event will be visible across North and South America. Parts of Europe, Africa, and West Asia will also witness a partial eclipse. However, the eclipse will not be visible from India due to daytime…

The Times of India

Pakistan army chief Asim Munir to visit Iran amid push to revive stalled US talks

Pakistan had signed the interim peace agreement as a guarantor. However, the arrangement broke down as tensions in West Asia intensified and the US and Iran resumed military strikes. Pakistan has since been trying to restart the diplomatic process. Interior minister Mohsin Naqvi travelled to Tehran earlier this month, where…

The Economic Times

PSU banks offer highest alpha potential; IT faces uncertainty: Omniscience Capital

India’s domestic economy remains resilient, with healthy revenue and earnings growth despite geopolitical uncertainties, according to OmniScience Capital. The firm sees potential for 7%+ GDP growth this fiscal year and believes India could sustain a high-growth trajectory even if the West Asia conflict persists.

The Economic Times

India can help create conditions for Iran-US agreement: Iranian Consul General on ending West Asia conflict

Iran's Consul General in Mumbai believes India can help foster conditions for an Iran-United States agreement. He described India as a peace-loving country capable of contributing to mediation efforts. Several countries already act as intermediaries between Iran and the United States. An agreement could bring peace, stability, and harmony to…

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