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DARK SECRETS: 11 - The Real Truth

West Asia War: US-Iran draft 60 day-truce extension, all eyes on Trump nod, says US official; Tehran denies claims

A fragile ceasefire between the United States and Iran is reportedly extended for 60 days. Formal talks on Tehran's nuclear program are set to begin. The proposed deal aims to restore shipping through the Strait of Hormuz. Iran commits to not pursuing nuclear weapons. Discussions will cover uranium stockpiles and…

The Economic Times

West Asia conflict may slow India’s growth, push up Inflation: SBI Chairman

State Bank of India Chairman Challa Sreenivasulu Setty warns the West Asia conflict may slow global growth and increase inflation. India remains resilient due to strong domestic demand and public investment. However, spillover effects could impact India's GDP growth and inflation in FY2027. Policymakers and financial institutions must remain agile…

The Economic Times

IMEC, Indo-Pacific routes key to reducing Hormuz dependence: EY

India is urged to diversify its trade routes and develop new corridors like IMEC and the Indo-Pacific route. This aims to lessen dependence on the Strait of Hormuz amid West Asia tensions. The nation must prepare for economic shocks by building strategic reserves and shifting towards green energy.

The Economic Times

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CV industry showing resilience, not much impact of fuel price hike on demand: Ashok Leyland MD

The Indian commercial vehicle sector shows remarkable strength. Fuel price increases from the West Asia conflict have not significantly impacted demand. Lower GST rates and the replacement of old vehicles are driving sales. Ashok Leyland expects continued strong performance in April and May. Operations in the UAE are normalizing after…

The Economic Times

Air India extends suspension of flights on Tel Aviv-Delhi route till July end

Air India has extended its flight suspension on the Tel Aviv-Delhi route until July end on Thursday. This decision comes amid ongoing geopolitical uncertainties in West Asia. The airline had previously suspended operations until June end. This extension impacts over 40,000 Indians residing in Israel. Limited travel options are also…

The Economic Times

Engineering Goods exports stay positive despite West Asia crisis, rise 9% in April,2026

While most regions saw gains, WANA and ASEAN experienced declines. The industry emphasizes addressing non-tariff barriers to maximize FTA benefits.

The Economic Times

Jaishankar, Ukrainian FM discuss war, peace efforts amid evolving battlefield situation

India's External Affairs Minister S Jaishankar met Ukraine's Foreign Minister Andrii Sybiha in Cyprus. They discussed the ongoing Russia-Ukraine conflict and ways to achieve lasting peace. Both sides exchanged views on battlefield developments and global engagement for peace. India reiterated its call for dialogue and diplomacy. Jaishankar also held separate…

The Economic Times

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Amid West Asia tensions, Trump says Iran ‘negotiating on fumes’; seeks $1.5 trillion US military boost

America's President Donald Trump is seeking a massive $1.5 trillion investment for the US military. He stated Iran is eager to reach a deal with Washington. Trump asserted Iran's military and economy are severely damaged. He emphasized that Iran will not be permitted to develop nuclear weapons. The President believes…

The Economic Times

India races to secure fertilisers as crucial sowing season approaches amid war disruptions

India is seeking to boost its fertiliser reserves for the upcoming kharif sowing season by floating tenders for 1.7 million tonnes of urea to counter global supply chain issues. These disruptions stem from ongoing conflicts in West Asia, impacting natural gas and ammonia availability.

The Economic Times

Indian banks more exposed to West Asia crisis among APAC region: Moody's

Indian banks face significant exposure due to energy import reliance. Higher fuel costs will strain consumers and businesses, increasing credit stress. Non-bank lenders with unsecured retail loans are particularly vulnerable. Despite these pressures, Indian banks possess strong capital buffers.

The Economic Times

Insurance sector may face impact if West Asia crisis prolongs: LIC chief Doraiswamy

The insurance sector may face moderation if the Middle East crisis persists, potentially reducing people's income and impacting spending and saving patterns, according to LIC CEO R Doraiswamy. He also stated that LIC is prepared for further stake dilution by the Centre, awaiting the right market conditions. LIC recently reported…

The Economic Times

India's toll collection growth likely to moderate 5-7 pc amid West Asia conflict: Crisil

Toll collection growth in India is expected to slow to 5-7 percent this fiscal year. The West Asia conflict is impacting freight movement and industrial activity. This slowdown is seen as temporary. Toll rates may increase more significantly next fiscal year. This will drive toll collection growth to 8-10 percent.…

The Economic Times

Measures like tax relief, import curbs can shield India from West Asia crisis: Report

India must adopt tax moderation and targeted import curbs to boost exports and shield against the West Asia crisis. A report suggests restricting non-essential imports to protect domestic industries and foreign exchange. This strategy aims for macroeconomic fortification, moving beyond subsidies. Reducing non-essential imports is crucial for national security and…

The Economic Times

West Asia crisis may soon make everyday goods costlier in India

India faces a looming price hike on everyday goods as global commodity costs surge due to the West Asia conflict. Manufacturers are absorbing rising input expenses, from metals to chemicals, with little price increase so far. This pressure is expected to soon translate into higher consumer prices, impacting household budgets.

The Economic Times

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The Economic Times

India needs structural reforms, not subsidies, to shield economy from West Asia shocks: Report

India must shift from subsidy reliance during global crises to structural reforms for economic resilience. Rising geopolitical tensions highlight vulnerabilities in energy, industrial feedstocks, and supply chains. A white paper by Think Change Forum proposes a three-point agenda focusing on export competitiveness, import discipline, and trade defence. Key recommendations include…

The Economic Times

Trump again slams media coverage on West Asia conflict, says "gone absolutely crazy"

Former President Donald Trump criticized media coverage of the West Asia conflict, alleging bias against his administration. He claimed outlets would even portray Iran's surrender as a victory for the nation. Trump also accused Democrats and media of losing their way and going "CRAZY!"

Newslaundry

India’s GDP revisions explained: What changed and why it matters

Amidst the ongoing West Asia crisis, the Indian economy is expected to take a hit: the World Bank’s latest projections suggest that the country’s GDP growth could fall to 6.6 percent in this financial year.

The Economic Times

Geopolitical stability will decide market’s next move: Sandip Sabharwal

Indian equity markets are holding above 24,000, buoyed by improving sentiment and steady earnings, though geopolitical tensions remain a concern. Market expert Sandip Sabharwal suggests the current rally is a rebound from overly negative investor positioning, with sustainability dependent on crude oil prices and West Asian developments.

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The Economic Times

Markets brace for a long conflict as investors reassess global equity risks: Andrew Freris

West Asian tensions are creating market uncertainty. Investors face prolonged volatility for months or years. Some Asian markets like Singapore and Taiwan are outperforming the US. Investors should look beyond the S&P 500. AI investments need careful scrutiny. US bond yields are expected to remain elevated, impacting global capital flows.

The Economic Times

Donald Trump honours 13 US service members killed in West Asia conflict

US President Donald Trump paid tribute to thirteen US service members killed during operations against Iran. He vowed that Iran, labelled the world's top terror sponsor, will never acquire nuclear weapons. Meanwhile, the US and Iran are in talks to resolve differences regarding Tehran's nuclear program and sanctions. Progress is…

MyLifeXP

Why Nirmala Sitharaman Warned Against Fear Mongering

Most people hear economic warnings and immediately think they only affect governments or big businesses. But sometimes, global pressure quietly enters everyday life through fuel prices, grocery bills, travel costs, and job uncertainty. That is exactly why Finance Minister Nirmala Sitharaman recently warned against “fear mongering” while explaining the growing…

The Economic Times

US, Iran working to resolve differences over language on nuclear issue amid talks: Report

US-Iran war: United States and Iran are negotiating to finalize a peace deal for West Asia. Discussions focus on Iran's nuclear program and lifting sanctions. Both sides are reportedly optimistic about bridging gaps. A delegation from Iran is in Qatar, a key mediator. Progress hinges on Iran disposing of enriched…

The Economic Times

Iran's deputy foreign minister dials Vikrim Misri to discuss West Asia situation

India's Foreign Secretary Vikram Misri spoke with Iran's Deputy Foreign Minister Majid Takht Ravanchi. Discussions covered regional developments and bilateral cooperation. This follows US Secretary of State Marco Rubio's statement on progress in US-Iran talks. The Strait of Hormuz reopening is a key focus. Iran's nuclear program and control over…

The Economic Times

Parliamentary panel members grill Oil ministry officials over 'shortage' of petrol, LPG

Parliamentary panel members questioned Oil Ministry officials about petrol and diesel shortages. Officials confirmed crude oil stocks for 78 days. Thirteen Indian ships remain stranded in West Asia due to the Strait of Hormuz closure. The government is working to ensure no shortages, but war uncertainty persists. Fertiliser availability is…

The Economic Times

Amid West Asia turmoil, Quad foreign ministers gather to reinforce Indo-Pacific stability

Quad foreign ministers convene in New Delhi. Discussions will focus on the West Asia crisis and Indo-Pacific security. Cooperation in critical minerals and technology is also on the agenda. The meeting will review ongoing initiatives and recent developments. This gathering sets the stage for a future Quad summit in India.

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