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The Latest Breaking News from West Asia

Ambuja Cements share price target: Nuvama, Motilal, other brokerages see up to 30% upside. Here's why

Ambuja Cements shares rose over 1% despite reporting a 34% YoY decline in Q1 FY27 consolidated net profit to Rs 577 crore. Revenue fell 7.5%, while EBITDA dropped 19% and margins narrowed due to higher fuel and raw material costs amid the West Asia crisis. Despite the weak quarter, brokerages…

The Economic Times

India urges de-escalation in West Asia, condemns Strait of Hormuz attacks

India voiced deep concern over escalating West Asian hostilities and maritime attacks. The nation strongly condemned recent attacks on vessels transiting the Strait of Hormuz. India called for an immediate de-escalation of tensions and unimpeded navigation. The country also highlighted the humanitarian crisis in Gaza and the situation in Yemen.…

The Economic Times

IndiGo bets on India's aviation boom despite West Asia turbulence, oil price risks

IndiGo expects strong air travel growth despite geopolitical tensions and volatile fuel prices. Rising incomes and urbanisation will power the airline's next phase of expansion. The company anticipates a growing middle class will remain the primary demand driver. IndiGo is expanding its international network and fleet for future growth. The…

The Economic Times

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Rs 30,000 hike: Why Maruti Suzuki had to make cars costlier for you

Maruti Suzuki said it was forced to raise car prices by up to ₹30,000 after the West Asia crisis pushed up input costs, despite delaying increases for months. The company is now counting on the new Brezza SUV, e-Vitara and a multi-powertrain strategy to drive growth while defending its market…

The Economic Times

PM Modi raised issue of safety of India sailors during recent meet with Trump: Govt to Lok Sabha

Prime Minister Modi raised Indian maritime worker safety with President Trump. He also highlighted this issue at the G7 Summit Outreach Session. The ongoing West Asia conflict disrupted global maritime trade and caused seafarer losses. Both leaders reaffirmed commitment to strengthening the India-US partnership. They also welcomed progress in defense,…

The Economic Times

West Asia conflict: Indian airlines cancelled 26,000 international flights due to airspace curbs till July 20

Indian airlines have cancelled approximately 26,000 international flights until July 20. The US-Iran conflict has caused significant airspace restrictions and flight disruptions. Airlines are facing substantial revenue losses and increased operational costs. These costs stem from longer flight durations and higher fuel consumption. Measures are being taken to ensure operational…

The Economic Times

Top OMCs post losses with government weighing relief measures

State-run oil companies HPCL and BPCL reported significant losses for the April-June quarter. This occurred as they sold petrol, diesel, and LPG below market rates. Elevated crude prices, driven by West Asia conflict, impacted their earnings. The oil ministry is now working on a compensation proposal for these companies. The…

The Economic Times

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Recurring West Asia tensions force MSME exporters to prioritise resilience over cost savings

Industry officials say recurring geopolitical disruptions, rising freight costs, and shipping uncertainty are making supply chain resilience as important as low-cost manufacturing for India's MSME exporters.

The Economic Times

Pilots' grouping ALPA India seeks suspension of Indian airlines' flights to West Asia

In March this year also, the Airline Pilots' Association of India (ALPA India) had asked the Directorate General of Civil Aviation (DGCA) to adopt a precautionary approach in view of the evolving military situation and the increasing risks to civil aviation in West Asia.

The Economic Times

RBI Governor flags Iran war, weak monsoon as the biggest risks to India’s inflation and economic growth

Elevated inflation persists due to West Asian tensions and a weak monsoon outlook. The Reserve Bank of India maintains its policy rate, diverging from global peers. Governor Malhotra stated that domestic inflation pass-through has remained limited so far. India's economic fundamentals remain strong despite geopolitical uncertainties and growth forecasts. Policymakers…

The Economic Times

US forces redirect 5 commercial vessels, disable 1 after resumption of naval blockade on Iran

American forces have resumed naval blockade measures against Iran. US naval forces redirected five commercial vessels and disabled one tanker. The USS Donald Cook conducted operations enforcing the ongoing blockade. This action follows the collapse of a recent MoU between the nations. Tensions have escalated in West Asia following these…

The Economic Times

Pakistan's current account slips into $139m deficit in FY26

Pakistan registered a current account deficit of USD 139 million in the last fiscal year. This marked a reversal from the previous year's surplus of USD 1.838 billion. Exports saw minimal growth while imports remained high, creating a significant trade deficit. Remittances played a crucial role in supporting the economy…

The Economic Times

Pakistan to revise oil prices daily amid renewed West Asia tensions

Pakistan fuel price: Pakistan will now adjust petroleum prices daily to manage oil price fluctuations. The government aims for greater transparency in fuel pricing decisions. This move follows criticism regarding delays in passing on lower fuel costs. Turkish Petroleum will begin oil and gas extraction in Pakistan soon. Petrol pump…

The Economic Times

West Asia crisis, uncertain monsoon major risks for growth: RBI Governor Sanjay Malhotra

Reserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's economy grew over seven percent recently, supported by strong fundamentals. The central bank projects 6.6 percent GDP growth for the current financial year. Inflation forecasts are raised to 5.1 percent, driven by supply-side factors.…

The Economic Times

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The Economic Times

India's development did not come to standstill despite oil supply crisis: PM Modi

Prime Minister Narendra Modi on Friday said India's railway network would have faced a major crisis during the recent West Asia conflict if it had remained dependent on diesel, highlighting that nearly 99% of Indian Railways has been electrified over the past 12 years.

The Economic Times

Rupee rises 14 paise to 96.28 against per US dollar

The rupee edged up fourteen paise against the US dollar in early trade on Friday. Positive domestic equity markets supported the local unit's slight gain. However, significant foreign institutional investor outflows capped further appreciation. Heightened West Asian tensions and rising global crude oil prices also impacted the rupee. The rupee…

The Economic Times

CEAT shares crash 9% after Q1 net profit tumbles 96% YoY to Rs 4 crore. What lies ahead?

CEAT shares dropped over 9% on Friday after reporting a significant profit decrease. The tyre maker's net profit fell 96% year-on-year to Rs 4 crore. Higher raw material costs due to the West Asia crisis impacted profitability during the quarter. Revenue from operations grew 22% year-on-year to Rs 4,318 crore.…

The Economic Times

Pakistan PM Shehbaz Sharif warns of risk to economy amid renewed West Asia tensions

Prime Minister Shehbaz Sharif warned of economic risks due to regional conflict. He directed authorities to maintain full preparedness for potential challenges ahead. The government presented a report on austerity and cost-cutting measures during a key meeting. Sharif acknowledged public support for previous austerity drives and urged frugality. Pakistan's economy…

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The Economic Times

JSW MG Motor launches MG ADAPT, India's first multi-NEV platform

JSW MG Motor India has unveiled its new MG ADAPT platform for future vehicles. This innovative architecture supports electric, hybrid, and range extender vehicle technologies. The platform aims to enhance driving range and improve overall vehicle efficiency. Future models will debut on this flexible and intelligent technology backbone. This development…

The Economic Times

Rupee slips 6 paise to 96.31 against US dollar in early trade

The rupee weakened against the US dollar due to global crude oil volatility and a stronger greenback. Foreign institutional investor outflows continued to pressure the local currency in early trade. The West Asia crisis intensified with further strikes and retaliatory actions by Iran. Domestic equity markets opened positively, providing some…

The Economic Times

Iran has no plans for negotiations, remains focused on defense: Foreign Ministry spokesperson

Iranian Foreign Ministry spokesperson Esmaeil Baghaei on Wednesday stated that the Islamic Republic has no plans to resume negotiations with the United States amid escalation of military confrontation between the two sides in West Asia, according to Iranian state media Press TV.

The Economic Times

'They better behave': Trump rules out setting any deadline for Iran before bombing its bridges

US President Donald Trump on Wednesday (local time) said that he does not like setting deadlines when asked whether he had given Iran any ultimatum before ordering the bombing of its bridges, while warning that Tehran "better behave" amid a renewed exchange of fire between the two sides in West…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian equities ended marginally higher after surrendering most intraday gains. Softer US inflation data supported sentiment, while elevated crude prices, West Asia tensions and mixed sector performance kept markets volatile. Analysts expect Nifty to remain range-bound unless it breaks above 24,350.

The Economic Times

Market Trading Guide: Inox India among 2 stock recommendations for Thursday

Domestic equities showed resilience, with broader markets outperforming large caps amid positive cues. Q1 earnings remained a key domestic catalyst, though higher crude prices capped gains.

The Economic Times

Nifty to hit 27,000 in one year? PL Capital says Middle East crisis, El Nino can play a spoil sport; names 15 top picks

PL Capital has raised its one-year Nifty 50 target to 27,019, implying over 12% upside, while warning that the escalating West Asia conflict and a potential super El Niño could fuel inflation and hurt growth. The brokerage remains stock-specific and has identified 15 preferred large- and mid-cap picks.

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