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The Latest Breaking News from West Asia

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 Economic Times

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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…

The Times of India

India-Israel investment agreement in force: Modi, Netanyahu discuss enhanced bilateral ties

Prime Minister Modi and Israeli PM Netanyahu discussed bilateral progress and a new investment agreement. This agreement, effective Saturday, aims to boost investment and protect investors. It allows three years for local dispute resolution before international arbitration. The leaders reaffirmed their commitment to strengthening cooperation across various sectors. They also…

The Economic Times

Pidilite sees double-digit volume growth in FY27 despite volatile commodity prices: MD Sudhanshu Vats

Pidilite Industries expects double-digit volume growth in FY27 and stable earnings. The company implemented price increases to offset rising raw material costs. Demand remains robust across urban and rural markets, according to the managing director. Pidilite is diversifying its supply chain to mitigate geopolitical disruptions effectively. The company maintains its…

The Economic Times

Myanmar working on Dawei project to connect with Thailand

Myanmar is working on the Dawei industrial project to connect with Thailand and provide Thailand with the shortest possible route to deliver its goods to West Asia, Myanmar's junta chief-turned-president Min Aung Hlaing said on Thursday.

Bangkok Post

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4,052 stranded Indian seafarers repatriated amid West Asia crisis, says Shipping Minister Sarbananda Sonowal

Over 4,000 Indian seafarers have been safely repatriated during the West Asia crisis. Emergency response channels handled thousands of calls and emails for seafarer assistance. The government provides financial aid and support to affected seafarer families. An Indian merchant vessel was hit, but all 14 crew members were rescued. India…

The Economic Times

Sensex rises 152 points, Nifty closes above 24,600 as market trims gains. What lies ahead?

Indian equity benchmarks Sensex and Nifty ended higher on Wednesday after the RBI MPC maintained interest rates and raised the FY27 GDP growth outlook. Despite early upswings, markets trimmed gains due to rising crude prices and West Asia tensions. Auto and realty stocks outperformed, while IT shares faced selling pressure.

The Economic Times

RBI's rate, GDP and inflation verdicts also come with some stark warnings

2026 RBI MPC Meeting: The Reserve Bank of India maintained its repo rate at 5.25 percent on Wednesday. This decision marks the fourth consecutive meeting without a change in the key interest rate. The central bank cited sticky inflation and geopolitical risks as reasons for its cautious approach. Global economic…

The Economic Times

RBI to resume urban cooperative banks' licensing after 22-year pause, review rural bank rules

The Reserve Bank of India will resume urban cooperative bank licensing after a 22-year pause. A comprehensive review of credit monitoring for rural cooperative banks is also planned. The central bank proposed standardizing lending rate frameworks for greater transparency. These announcements followed the decision to keep the policy repo rate…

The Economic Times

RBI GDP Growth 2026-27: Malhotra & Co lift FY27 GDP forecast to 6.7% from 6.6% on growth resilience

RBI GDP Growth 2026: The Reserve Bank of India raised its FY27 GDP growth forecast to 6.7 percent. It kept the policy repo rate unchanged at 5.25 percent. The central bank cited resilient domestic economic activity and a better first quarter. Inflation risks from higher oil prices and weather shocks…

The Economic Times

'Hormuz deal with Iran today' Oil slips below $80 on truce hope

Oil prices experienced a significant decline on Tuesday, falling over five percent. Hopes for a diplomatic resolution to the West Asia conflict emerged. This potential resolution could improve oil flows through the Strait of Hormuz. Talks are underway with Iran to reopen the vital shipping lane. Regional officials also discussed…

The Economic Times

Nestle flags near-term consumption slowdown amid West Asia conflict, El Nino concerns

Nestle India anticipates slower consumption growth in the food and beverage sector soon. Geopolitical tensions and weather uncertainties are impacting consumer demand and raw material costs. The company remains confident in its long-term growth prospects despite these challenges. Nestle India reported strong profit and revenue growth for the June quarter.…

The Economic Times

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The Economic Times

Mintoak acquires rewards fintech ICC Loyalty to expand bank platform in West Asia, Africa

Bengaluru-based Mintoak has acquired Dubai's ICC Loyalty for consumer rewards technology. This acquisition was largely funded by Mintoak's cash reserves and a small debt. ICC Loyalty manages credit card reward points for thirty-four banks and eleven million customers. The combined entity now offers a full-stack solution for bank clients. This…

The Economic Times

West Asia conflict adds fresh cost pressures for India Inc

A prolonged conflict in West Asia is making it harder for companies to manage costs as volatility in commodity prices, freight rates and currencies disrupts planning. Firms including AWL, Parle, Blue Star, ITC, Tata Consumer Products and Dabur warned of margin pressure, further price hikes and weaker discretionary demand.

The Economic Times

ITC shares gain 3% after Q1 results. Here’s why Nomura upgraded the stock to Buy

ITC share Price: ITC shares rose 2% after the FMCG major reported June-quarter results, despite a 27% YoY decline in standalone net profit. Revenue grew 28%, while Nomura upgraded the stock to Buy, citing an attractive risk-reward profile and potential recovery in cigarette profitability. ITC also warned that imported inflation,…

The Economic Times

D-St poised for a positive start as GIFT Nifty trades firmly higher

Domestic markets extended their winning streak for a third consecutive session. Nifty advanced nearly two percent last week, driven by strong quarterly earnings. Analysts expect Indian equities to trade with a positive bias this week. Investors will monitor the RBI's monetary policy decision and PMI data. Crude oil prices and…

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The Economic Times

AI boom, West Asia crisis trigger printed circuit board shortage, price rise in electronics industry

This crunch in printed circuit boards (PCB) -- a hardware platform on which components are fixed in electronic products -- stems from rising material costs, supply chain disruptions in key shipping routes, and component diversion toward high-end artificial intelligence hardware.

The Economic Times

LPG price cut today: Commercial cylinders cheaper by over Rs 200 in Delhi & Kolkata; domestic rates remain unchanged

LPG Price August 2026: From August 1, the prices of 19-kg commercial LPG cylinders have been reduced by up to Rs 209, bringing relief to restaurants, hotels and other businesses that rely on the fuel. The latest revision marks the second consecutive monthly cut in commercial LPG prices and comes…

The Economic Times

2,557 Indians evacuated from Iran via Armenia, Azerbaijan amid West Asia conflict: MoS Kirti Vardhan Singh

Over 2,500 Indian nationals were evacuated from Iran through neighboring countries. The Indian Embassy in Tehran facilitated their safe cross-border movement for onward travel. Government advisories urged citizens to consider temporary exits from Iran due to escalating tensions. India remains engaged with regional partners to ensure safety and secure energy…

The Economic Times

Exporters flag West Asia crisis concerns to Goyal

Indian exporters face order uncertainty and higher logistics costs due to the West Asia crisis. Overseas buyers are cautious, seeking extensions and postponing new purchase decisions. Commerce Minister Piyush Goyal met with export promotion bodies to discuss the evolving situation. Goyal highlighted merchandise exports grew fifteen percent despite global uncertainties.…

The Economic Times

Iran vows to 'punish the aggressor today' after US strikes IRGC targets, says state media

Iran's Revolutionary Guards have issued a stern warning, promising retribution for what they term aggressive actions following intense US military strikes on IRGC bases. These strikes were executed in retaliation for an attempted ballistic missile attack from Iran. US Central Command confirmed that the operations were directed at significant military…

The Economic Times

US claims to strike dozens of IRGC targets in Iran; alleges Iran attempted missile strikes

US Central Command forces conducted significant strikes against dozens of Iranian targets. These actions followed Iran's attempted missile attacks on American forces in West Asia. The strikes aimed to reduce threats posed by Iran and its proxies. US President Donald Trump reaffirmed threats of military action against Tehran. This development…

The Economic Times

Higher crude oil prices could hit India's fiscal health, finance ministry says

India's finance ministry warns of rising crude oil prices impacting fiscal and trade balances. Persistent geopolitical tensions in West Asia present key risks to the nation's economy. The country's external sector remains resilient, supported by strong exports and services trade. Foreign exchange reserves stand at $675.2 billion, offering a significant…

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