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HISTORICAL FACTS: 2 | History Defined

'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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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…

The Economic Times

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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 Economic Times

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 Times of India

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…

The Economic Times

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The Economic Times

USS Abraham Lincoln heads home as CENTCOM chief praises crew’s resilience

US Central Command chief Adm Brad Cooper lauded USS Abraham Lincoln sailors for their resilience. He highlighted the aircraft carrier's low mental health cases during its deployment. Cooper's visit occurred amid heightened regional tensions with Iran. The USS Abraham Lincoln is nearing the end of its Arabian Sea operations. This…

The Economic Times

US CENTCOM chief concludes 10-day West Asia tour as USS Abraham Lincoln prepares to return

US CENTCOM Commander Adm Brad Cooper visited six West Asian nations and a US Navy aircraft carrier. He met senior leaders and service members during his ten-day trip. The visit occurred amid ongoing tensions with Iran over the Strait of Hormuz. The USS Abraham Lincoln carrier strike group is returning…

The Economic Times

Iran President Pezeshkian said to attend BRICS summit in Delhi

Iranian President Masoud Pezeshkian will attend the BRICS summit in New Delhi this September. He joins other senior leaders, including Russian President Vladimir Putin, at the gathering. India will host the 18th BRICS Summit on September 12-13 as the grouping's chair. The summit brings together leaders from major BRICS members…

The Economic Times

Edible oil prices up due to West Asia crisis, but availability 'adequate': Govt tells Parliament

Global and domestic edible oil prices have risen due to the West Asia crisis. Higher crude oil prices and biofuel demand reduced export availability significantly. However, India's edible oil availability remains adequate through usual import routes. Retail prices for groundnut and mustard oils have seen notable increases recently. The government…

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The Economic Times

Rupee falls 8 paise to 95.38 against US dollar in early trade

In early trading on Tuesday, the rupee fell by eight paise against the US dollar, closing at 95.30 from the previous day. Ongoing tensions in West Asia have heightened market anxiety, leading to soaring crude oil prices. This uncertainty pressured domestic equity markets as well. Nonetheless, the Reserve Bank of…

The Times of India

For India, the Mecca pact is a setback. For China, it's a warning

A new defense pact between Pakistan, Saudi Arabia, and Turkey has been signed. This agreement is seen as a setback for India's regional interests. China may benefit commercially from increased weapon system access. However, the pact could also reduce US military focus in West Asia. This shift might allow greater…

The Times of India

Iran hails Saudi-Pak-Turkey defence pact, calls for Muslim unity amid West Asia tensions

Iranian foreign minister Seyed Abbas Araghchi has welcomed the new defence agreement between Saudi Arabia, Pakistan and Turkey, calling for greater solidarity among Muslim-majority countries. He also urged them to rely on their own capabilities amid escalating tensions in West Asia.

The Economic Times

Netanyahu's remarks 'gratuitous' as India not backing war against Iran: Former diplomat on PM Modi-Netanyahu call

"The West Asia crisis has reached a fork point. The choices between various stakeholders are to continue with escalation or to taper it down and negotiate a settlement. For the moment, it appears that the escalation ladder is broken. Hopefully, the negotiations between Oman and Iran over the terms of…

The Economic Times

"Continue to strengthen bond between Israel and India...": Israeli PM Benjamin Netanyahu

Prime Ministers Modi and Netanyahu discussed strengthening bilateral ties. They reviewed progress and reaffirmed cooperation for mutual benefit. Discussions also covered recent developments in West Asia. Both leaders agreed to remain in close contact regarding regional matters. This dialogue reinforces the strong India-Israel special strategic partnership.

The Economic Times

JK Tyre & Industries Q1 Results: Net profit tumbles 73% at Rs 44.09 crore

In the first quarter of FY27, JK Tyre & Industries reported a staggering 73 percent decline in profits, primarily due to soaring raw material prices linked to the West Asia crisis. Their consolidated net profit plummeted to Rs 44.09 crore from Rs 163.35 crore year-on-year, even as revenue rose to…

The Times of India

Pakistan PM Shehbaz Sharif arrives in Saudi Arabia, pushes defence ties amid West Asia escalation

Pakistan Prime Minister Shehbaz Sharif arrived in Jeddah, Saudi Arabia, on Thursday for a three-day official visit, accompanied by Chief of Defence Forces Field Marshal Asim Munir and a high-level delegation, as Islamabad seeks to reinforce its strategic partnership with Riyadh amid escalating tensions across West Asia and the Gulf…

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