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FORGOTTEN HISTORY: 6 - The Untold Story

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.

The Economic Times

Govt gives up Rs 14,000 crore in tax revenue after excise duty cut on petrol and diesel: Petroleum Ministry

The Indian government has sacrificed nearly Rs 14,000 crore in tax revenue by lowering excise duty on petrol and diesel. This move aims to protect consumers from rising fuel prices driven by the West Asia crisis. Despite this, oil companies continue to face daily losses.

The Economic Times

India medical tourism market feels the weight of Iran war

India's medical tourism sector faces challenges as West Asian tensions continue. Overseas patient numbers remain lower than before the conflict intensified. Hospital chains report a gradual increase in inquiries and arrivals, but traffic has not fully recovered. Prolonged geopolitical uncertainty could also raise operating costs through inflation and currency fluctuations.

The Economic Times

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West Asia crisis not a diplomatic issue, will lead to higher fuel costs for common man: Finance Minister Nirmala Sitharaman

Fuel prices have risen again. Union Finance Minister Nirmala Sitharaman highlighted the West Asia crisis impact. She stated this crisis means higher fuel costs for citizens. The government is foregoing Rs 1 lakh crore in revenue. This is due to excise duty cuts on petrol and diesel. The government aims…

The Economic Times

West Asia conflict may dent India Inc profitability by 200 bps: Crisil

A prolonged West Asia conflict poses a risk to India Inc's profitability. Crisil Ratings predicts a significant drop in operating margins due to supply chain issues and rising costs. However, strong company balance sheets are expected to protect overall credit quality. Some sectors like ceramics and airlines face severe stress.…

The Economic Times

Fuel Prices in India Hiked for Fourth Time in Two Weeks Amid Global Oil Shock

India has witnessed another sharp increase in fuel prices, with state-run oil marketing companies (OMCs) raising petrol and diesel rates for the fourth time in less than two weeks. The latest revision has intensified concerns among consumers and policymakers as global crude oil markets remain volatile due to escalating geopolitical…

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The three Fs that Sitharaman flagged as India braces for a widening global oil shock, forex strain

In light of increasing global unrest from the West Asia crisis and fluctuations in the energy sector, Finance Minister Nirmala Sitharaman is advocating for a concentrated approach to managing fuel, fertiliser, and foreign exchange resources. Prime Minister Modi's recent appeals to conserve foreign currency and reduce discretionary imports underscore this…

The Economic Times

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Why Jaishankar’s Latest US Meeting Has Everyone Talking

At a time when the world is watching wars, rising tensions, and shifting alliances, one statement from India’s External Affairs Minister Subrahmanyam Jaishankar quietly grabbed global attention. During crucial talks with US Secretary of State Marco Rubio in New Delhi, Jaishankar called terrorism a “shared challenge” between India and the…

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Jaishankar and Rubio hold key talks on Hormuz security and West Asia stability

External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio in New Delhi. Discussions centered on the West Asia conflict and securing maritime trade. Key topics included global order, civil nuclear cooperation, defense, trade, terrorism, and migration. Both nations emphasized their strategic partnership and shared interests.

The Economic Times

Cement makers expect 7-8% growth in FY27 despite West Asia headwinds

Indian cement companies anticipate strong growth of 7-8 per cent in FY27. Government infrastructure projects and housing demand are key drivers. Companies are increasing capital expenditure to support this expansion. Despite rising fuel costs and geopolitical concerns, the sector remains optimistic about its long-term growth trajectory.

The Economic Times

India, Oman strengthen defence cooperation through joint military training

India and Oman have strengthened their strategic defence partnership with specialized military training for the Sultan's Armed Forces. Two Indian Mobile Training Teams focused on operational coordination and joint logistics, enhancing interoperability. This initiative follows recent discussions on West Asia and India's condemnation of attacks on commercial shipping off Oman's…

The Economic Times

India sees minimal fuel price hike amid global surge triggered by West Asia crisis

India witnessed one of the world's smallest fuel price hikes, with petrol and diesel rising only around 5% despite global surges. This moderation, following a nearly 76-day price freeze, was achieved through excise duty cuts and absorbing crude oil cost increases. Many nations, including neighbors like Nepal and Sri Lanka,…

The Economic Times

Pakistan Army Chief, Iran Foreign Minister Araghchi discuss West Asia conflict: Iranian media

Iran and Pakistan discussed West Asia security. Iran's Foreign Minister told the UN chief that US demands hinder peace talks. The US was reportedly preparing for military strikes against Iran. Iran stated its right to peaceful nuclear energy. US Secretary of State consulted NATO allies on Strait of Hormuz navigation.

The Economic Times

Fuel price hikes, West Asia tensions push Indian businesses towards EV transition

Rising crude oil prices are pushing India towards electric vehicles. Businesses are seeking stable operational costs. This shift is driven by economic necessity. Geopolitical instability in West Asia adds to concerns about fossil fuel dependence. India's EV adoption looks strong, driven by policy and cost savings. Fleet operators prefer local…

The Economic Times

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The Economic Times

AIIB announces USD 10 bn fund facility to support countries hit by West Asia conflict

Supplementing AIIB's regular financing instruments, the facility offers a time-bound financing envelope of up to USD 10 billion over two years, which provides "exceptional financing support to its members and clients in addressing their acute needs for energy security, food security and economic resilience," AIIB said in a statement.

The Economic Times

Iran capable of using any weapon in its hands: UAE

Presidential adviser Anwar Gargash urged Tehran not to overplay its hand in the stop-start negotiations during the West Asia war's fragile ceasefire. Iranian officials "have missed a lot of chances over the years because there's a tendency to overestimate their cards", Gargash said at a forum in Prague. "I hope…

The Economic Times

India, Cyprus upgrade ties to a strategic partnership

India and Cyprus have elevated their relationship to a strategic partnership. A joint task force will boost cooperation in infrastructure and shipping. Prime Minister Narendra Modi and Cyprus President Nikos Christodoulides discussed global issues including West Asia and Ukraine. Both nations aim to double investment in the next five years.…

The Economic Times

Emami's desi portfolio puts up a fight as summer sales melt amid West Asia tensions

Emami's Q4FY26 results showed resilience in its core domestic business, which grew 11% excluding the summer portfolio. However, unfavorable summer conditions and West Asian geopolitical disruptions impacted overall performance, leading to a 4% revenue decline. The company expects business momentum to improve from the next quarter.

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The Economic Times

Wars in West Asia and Ukraine are turning shipping costs into steel sector’s biggest headache

In the face of a daunting 28-30% increase in international freight costs, India's steel sector is at a crossroads. The unrest in West Asia is inflating the cost of coking coal imports, intensifying the financial strain. Yet, domestic production is holding its ground. The industry is pivoting towards enhancing operational…

The Economic Times

Private, govt banks pledge full support to ECLGS 5.0

Banks are fully supporting the new Emergency Credit Line Guarantee Scheme 5.0. This scheme aims to help businesses facing challenges due to the West Asia conflict. Government officials highlighted its importance for MSMEs in Maharashtra. The scheme provides working capital support. A digital portal simplifies loan applications. This initiative will…

The Economic Times

'PM Modi will again weep, fold his hands': Rahul Gandhi says will not apologise for 'traitor' remark

Rahul Gandhi warns of an impending economic storm hitting India. He criticizes Prime Minister Narendra Modi for inaction amid the West Asia conflict. Gandhi predicts Modi will face national hardship upon his return. He reiterates past warnings about demonetization and COVID-19. Gandhi also reaffirms his 'traitor' remarks against Modi and…

The Economic Times

Edible oil industry body calls for boosting output, adopting modern farming amid West Asia crisis

India's edible oil imports are a significant economic concern. The Solvent Extractors' Association of India urges increased domestic oilseed production and smarter consumption. These steps are vital for national economic and strategic resilience. The industry seeks policy support to navigate global disruptions and currency fluctuations. Focusing on self-sufficiency offers a…

The Economic Times

ITC Infotech and InsureMO partner to bring AI-driven insurance modernisation to West Asia, Africa, and India

Alliance combines ITC Infotech's agentic AI framework with InsureMO's over 2,500 insurance APIs, enabling carriers to deploy intelligent automation without replacing core systems

The Economic Times

No relief in memory prices visible over next 12-18 months, says IESA president

Memory prices are set to rise for consumers. No major new production capacity is expected in the next 18 months. This will lead to higher costs for devices like smartphones. The ongoing West Asia crisis also impacts raw material availability for electronics. India Semiconductor Mission 2.0 aims to boost the…

The Economic Times

PM Narendra Modi government’s council of ministers to meet on Thursday; key ministry presentations on agenda

Prime Minister Narendra Modi will chair a key Council of Ministers meeting on Thursday, where Union ministries are set to present updates on governance, major policy decisions, and future action plans. The high-level meeting is also expected to review the ongoing West Asia crisis and its possible economic implications for…

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