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EXPLAINED: 8 - The Real Truth

Have urged chief justices of all HCs to conduct virtual hearings: Chief Justice of India

Chief Justice of India Surya Kant has asked high court chief justices to hold online hearings on Mondays and Fridays. This move aims to cut down unnecessary expenses amid the West Asia crisis. The Supreme Court itself has adopted similar video conference proceedings.

The Economic Times

Up to 40% NCR buyers prefer homes with dedicated workspaces as WFH reshapes buying behaviour: Experts

Narendra Modi has urged citizens to conserve fuel, avoid non-essential spending, and work from home where possible amid rising geopolitical tensions in West Asia. While aimed at tackling short-term economic pressures, the appeal is also accelerating an ongoing shift in India’s housing market, as remote work continues to influence home-buying…

The Economic Times

EXIM Bank eyes 10% jump in loan book in FY27 despite West Asia tensions

Export-Import Bank of India expects its loan book to grow 10% in FY27 despite geopolitical tensions in West Asia, according to Managing Director and CEO Harsha Bangari. The projected growth is lower than FY26’s 12% rise, which was partly boosted by favourable currency movements as a large share of the…

The Economic Times

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Arnab Das

India's energy security is under scrutiny amid West Asian geopolitical tensions. Recent UAE engagements offer partial relief for external finances, but complex global realignments and resource competition persist. Experts highlight India's progress but emphasize the need for further advancements in strategic resources and technology.

The Economic Times

India-UAE energy push offers relief, but global risks still loom: Arnab Das

The Economic Times

India's gems, jewellery exports down 9.07 pc in April at $2,226.45 million

India's gems and jewellery exports saw a 9.07% decline in April, totaling USD 2,226.45 million. This downturn is attributed to the West Asia conflict and uncertainties regarding US tariffs. Key segments like cut and polished diamonds, lab-grown diamonds, and gold jewellery experienced significant drops, though silver jewellery exports surged.

The Economic Times

India-Netherlands engagement deepens as EAM Jaishankar meets Dutch counterpart

India and the Netherlands have elevated their ties to a Strategic Partnership. External Affairs Minister S Jaishankar met Dutch Foreign Minister Tom Berendsen. The leaders discussed trade, innovation, and people-to-people connections. They also addressed the Ukraine war and the situation in West Asia. The Netherlands will join the Indo-Pacific Oceans…

The Economic Times

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Tata Steel Q4 net more than doubles on India strength, Europe recovery

Tata Steel reported a sharp rise in March quarter earnings, with net profit more than doubling on strong India performance and improving European operations. Annual profit also surged. However, the company flagged rising cost pressures from West Asia tensions and ongoing regulatory challenges in Europe impacting its overseas business.

The Economic Times

Targeting commercial shipping, impeding navigation in Strait of Hormuz unacceptable: India's UN envoy

India's UN envoy Parvathaneni Harish stressed the need for short-term and long-term measures, plus international cooperation, to address the energy and fertilizer crisis amid the West Asia conflict. He reiterated concerns over maritime security and freedom of navigation in the Strait of Hormuz, deeming disruptions unacceptable and calling for respect…

The Economic Times

Will petrol and diesel prices rise again? Fuel hike may be just the first of several increases, say experts

Petrol, Diesel price today: Fuel prices have been increased by Rs 3 per litre as state-run oil companies face mounting losses due to rising global crude oil prices. Experts predict this hike is the beginning of staggered increases, with further modest rises likely if the West Asia conflict persists and…

The Economic Times

India's monthly household basket may feel the heat of rising fuel costs

Consumer goods prices may rise soon. Higher fuel costs from the West Asia conflict will increase shipping and production expenses. Companies like Dabur India and Marico have already raised prices. Further increases are being considered by Nestlé India and Hindustan Unilever. This could affect consumer spending, especially in rural areas.

The Economic Times

UAE rejects Iran's 'direct involvement' claims in West Asia conflict, says allegations will not shake its "principled positions"

The UAE has vehemently rejected Iran's accusations of direct involvement in aggression against Tehran during the West Asia conflict. Minister of State Khalifa Shaheen Al Marar asserted that such claims would not sway the UAE's principled stance or sovereign decision-making, while also accusing Iran of repeated attacks on Emirati infrastructure.

The Economic Times

Rising oil prices, gold imports to widen trade deficit, CAD may touch 1.5-2% of GDP: ICICI Securities

With the West Asia conflict persisting and global oil prices likely to average around USD 100/bbl, India's current account deficit could rise meaningfully this year, ICICI Bank Global Markets warns. While resilient services exports should offer some cushion, the brokerage expects the current account deficit (CAD) to settle between 1.5-2…

The Economic Times

Friendly nations can rely on safe commerce, says Araghchi after meeting EAM; welcomes any positive role by India for peace

External affairs minister S Jaishankar and his Iranian counterpart Seyed Abbas Araghchi discussed the West Asia conflict and its implications, including the Strait of Hormuz situation, in their first bilateral meeting since the US-Israel and Iran war started in February.

The Times of India

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The Economic Times

India ready to extend all possible support for restoration of peace and stability in West Asia: PM Modi

India pledges full support for peace in West Asia. Prime Minister Narendra Modi condemned attacks on the UAE. He praised UAE President Sheikh Mohamed bin Zayed's handling of the situation. India stands with the UAE. The volatile situation impacts global security. India prioritizes dialogue and diplomacy.

The Economic Times

'Russian oil supplies to India have increased': Lavrov hails surging energy ties with New Delhi amid global pressures

He accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted the "privileged" Moscow-Delhi partnership during the BRICS meeting.

The Economic Times

India ready to extend all possible support to bring peace in West Asia: PM Modi in UAE

Prime Minister Narendra Modi met UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi. India pledged full support to foster peace in West Asia. The leaders discussed strengthening ties in energy, investment, and supply chains. They also focused on the evolving West Asian situation and energy security. Modi's…

The Economic Times

Indian banks remain stable despite margin pressure after RBI rate cut: Report

Indian banks are financially stable. Bad loans are under control. Profit margins face pressure from recent interest rate cuts. Banks are focusing on low-cost deposits. The West Asia conflict poses potential future risks. Banks are preparing for new credit loss frameworks. Overall, the banking sector shows resilience.

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MyLifeXP

Are Petrol Pumps Really Closing Every Sunday?

Imagine driving to a petrol pump on a Sunday morning Only to find the gates locked. That exact fear spread rapidly across social media after a viral message claimed petrol pumps would remain closed every Sunday in several Indian states following Prime Minister Narendra Modi’s fuel conservation appeal. Within hours,…

The Economic Times

Petrol, diesel prices hiked by Rs 3/litre: Here’s what top economists have to say

Fuel prices in India saw their first increase in over four years on Friday. Petrol and diesel prices rose by approximately Rs 3 per litre. This move by state-run oil companies aims to address mounting losses due to soaring global crude oil prices. The escalation in West Asia and disruptions…

The Economic Times

Mallikarjun Kharge calls fuel price hike "Modi-govt-made crisis," alleges leadership failure amid West Asia conflict

Congress leader Mallikarjun Kharge criticizes the central government over rising petrol and diesel prices. He labels the situation a 'Modi-government-made crisis' and blames leadership failure for the economic burden on citizens. Kharge highlights the cascading effect of inflation from fuel price increases. Union Minister Kiren Rijiju defends the hike, stating…

The Economic Times

The Rs 3 relief that wasn't: Why investors are dumping oil stocks after long-awaited petrol, diesel price hike

Shares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset mounting losses. Analysts estimate OMCs could still lose nearly Rs 500 crore daily at current crude prices. With Brent crude above $100 and West Asia…

The Economic Times

Petrol Price Today (May 15): Check petrol price in Delhi, Mumbai, Kolkata, Hyderabad, Chennai after fuel rates hiked

Perol price today: Fuel prices surged nationwide on Friday, with petrol and diesel rates increasing by up to Rs 3 per litre. This hike, driven by global crude oil price fluctuations and supply disruptions in West Asia, pushes petrol prices over Rs 100 in several cities. State-run oil companies face…

The Economic Times

Dalal Street set for negative opening as GIFT Nifty trades lower

Nifty closed at 23,690 on Thursday. IT shares faced pressure from global AI competition. Markets will watch West Asia conflict, energy prices, and foreign fund flows. A move above 23,800 could boost Nifty higher. Failure to hold this level may bring selling pressure. India VIX fell. SAIL and Kaynes are…

The Economic Times

UP CM Yogi Adityanath calls for COVID-like national spirit to tide over West Asia crisis

Uttar Pradesh Chief Minister Yogi Adityanath urged citizens to embrace self-reliance amid West Asian crises. He highlighted the state's significant development since 2017, citing infrastructure growth, increased agricultural output, and a tripling of per capita income. Adityanath emphasized the government's commitment to policy and determination for future progress, positioning Uttar…

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