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The Latest Breaking News from West Asia

Jaishankar meets EU leaders, discusses trade, technology and maritime security

External Affairs Minister S Jaishankar met with European Council President Antonio Costa. He valued guidance for advancing trade and technology cooperation between the two sides. Discussions also covered West Asia and maritime commerce safety. Cooperation is deepening across trade, technology, security, and defence. India-EU FTA enables possibilities for cooperation with…

The Economic Times

Iran's IRGC attacks on US military assets in Bahrain, Kuwait in 'Operation Nasr 2'

Iran's Revolutionary Guard targeted US military assets in Bahrain and Kuwait. These strikes were a direct response to earlier American attacks on Iranian positions. The operation involved simultaneous missile and drone attacks on military facilities. Iran warned of further retaliation if US actions continue in the region. The exchanges highlight…

The Economic Times

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

Indian equities fell sharply as escalating West Asia tensions lifted crude oil prices and weakened the rupee, raising inflation concerns. Sensex and Nifty declined up to 0.7%, while analysts said geopolitical risks overshadowed earnings optimism despite technical support remaining intact.

The Economic Times

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Keeping watch on West Asia developments, will support exporters if needed: Official

With a vigilant eye on West Asia's evolving situation, India emphasizes its support for exporters amidst rising challenges. An Inter-Ministerial Group is actively monitoring the trade and energy implications resulting from the ongoing crisis. While exports to the UAE have thrived, Saudi Arabia has witnessed a drop. Notably, Indian exporters…

The Economic Times

EAM Jaishankar discusses global developments, including West Asia, Ukraine with UN Chief Guterres

India's External Affairs Minister S Jaishankar launched the nation's campaign for a UN Security Council seat. He discussed global developments, including West Asia, Ukraine, and Sudan with UN Secretary General Antonio Guterres. India's approach to the UN is rooted in "SHANTI: Securing Holistic Advancement through Norms, Trust and Integrity."

The Economic Times

Iran moves to close Strait of Hormuz. Should investors fear a Nifty crash in coming days?

Indian equities are likely to remain volatile this week as escalating tensions in West Asia and the closure of the Strait of Hormuz threaten to push crude oil prices higher. Investors will also monitor Q1 earnings, inflation data, FII flows and global risk sentiment for market direction.

The Economic Times

Global headwinds, resilient MSMEs: India’s ECLGS 5.0 response

The real significance of ECLGS 5.0 lies not merely in the credit it provides but in what the credit protects.

The Economic Times

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India Inc's revenue growth to hit 2-year high of 11-11.5% in Q1 despite Iran war: Crisil

India Inc's revenue is estimated to have grown 11-11.5% year-on-year in Q1FY27, marking the fastest pace in eight quarters, according to Crisil Intelligence. While pricing power helped companies offset higher input costs amid the West Asia conflict, margins remained under pressure due to rising fuel, freight and raw material expenses.

The Economic Times

Concerned over West Asia flare-up risks, says India

NEW DELHI: India said Wednesday it is deeply concerned about the recent attacks and escalation of tensions in West Asia, which have followed fresh targeting of commercial shipping transiting international waterways in the region. The statement followed the resumption of strikes by the US and Iran and President Donald Trump's…

The Times of India

Deeply concerned: India on escalating tensions in West Asia

India voiced deep concern over recent attacks on commercial shipping in the Strait of Hormuz. These developments risk undermining regional peace, security, and stability in West Asia. India calls upon all parties to exercise restraint and de-escalate tensions immediately. The nation urges a return to dialogue and diplomacy for a…

The Economic Times

Market Trading Guide: Ather Energy among 2 stock recommendations for Thursday

Indian markets declined sharply as rising crude prices, higher bond yields and renewed West Asia tensions hurt sentiment. Technical analysts recommended Alkyl Amines Chemicals and Ather Energy, citing bullish trends, strong momentum and favourable technical indicators.

The Economic Times

Pidilite sees stable demand in FY27, raises concerns over higher input costs

Pidilite Industries expects stable domestic demand in FY27, supported by government policies and infrastructure investment. However, rising input costs and supply chain disruptions pose significant concerns for the company. The West Asia conflict has driven up prices of key raw materials like Vinyl Acetate Monomer. Despite these challenges, the company…

The Economic Times

ECLGS 5.0 crosses 4.11 lakh guarantees, extends Rs 1.55 lakh crore support to firms hit by West Asia crisis

The Emergency Credit Line Guarantee Scheme 5.0 has issued over 4.11 lakh guarantees. These guarantees amount to more than Rs 1.55 lakh crore for affected businesses. Micro, small, and medium enterprises received the vast majority of these guarantees. The scheme aims to provide additional liquidity support to eligible borrowers. This…

The Economic Times

EAM Jaishankar meets Qatar PM; reviews bilateral cooperation, regional developments

External Affairs Minister S Jaishankar held productive discussions with Qatar's Prime Minister Mohammed bin Abdulrahman Al-Thani, focusing on strengthening bilateral ties across energy, trade, investments, connectivity, and security. The meeting also touched upon regional dynamics, including the West Asia conflict. Jaishankar expressed gratitude for the safety of the Indian community…

The Economic Times

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The Economic Times

15 vessels carrying urea, DAP and Sulphur cross Strait of Hormuz safely: Govt

India's fertilizer supply chain remains robust despite West Asian conflict, with most shipments safely navigating the Strait of Hormuz. The government's proactive planning, diversified import sources, and boosted domestic production have ensured uninterrupted availability for farmers.

The Economic Times

Diplomatic relations, right decisions: PM Modi outlines how India weathered Iran war

Prime Minister Narendra Modi highlighted India's successful navigation of the West Asia crisis, attributing it to timely and correct decisions across all government levels. He described the conflict as the 21st century's biggest energy crisis, impacting nations globally.

The Economic Times

Indian envoy to China rejects comparison with Pakistan on West Asia mediation

India's envoy to China, Vikram Doraiswami, firmly rejected any comparison with Pakistan over West Asia's mediation roles, attributing it to distinct economic realities. He advocated for autonomous assessments of mediation's benefits to national interests. Doraiswami highlighted India's active participation in global peace initiatives, acknowledging parallels with China's positions on recent…

The Economic Times

India real estate attracts USD 2.9 billion in Q2 Calender Year 2026; Chennai, Bengaluru drive 27% inflows

The report said domestic investments more than doubled to USD 1.33 billion during the quarter, accounting for 46 per cent of the total inflows. Foreign investments stood at USD 1.54 billion, contributing 54 per cent of the total despite global trade and capital deployment uncertainties arising from the West Asia…

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The Economic Times

Mojtaba Khamenei to skip father Ali Khamenei's funeral over security concerns: Report

Iran's current Supreme Leader, Mojtaba Khamenei, will skip his father's funeral due to Israeli threats, according to a representative. This follows a stern warning from Iran's Foreign Minister to the US, urging them to control Israel after its Defence Minister declared Mojtaba Khamenei "marked for death." The US is reminded…

The Economic Times

Air India cuts fuel surcharges for North America, Europe flights

Air India has significantly reduced fuel surcharges on flights to North America, Australia, Europe, and the UK, effective July 1. This move follows a recent easing of oil prices after an earlier surge linked to the West Asia conflict. The airline had initially implemented higher surcharges in April due to…

The Economic Times

Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut after sustained low crude prices

Fuel prices might see a dip if international crude oil rates stay low for a few more weeks, according to Union Minister Hardeep Puri. Oil companies are currently using crude purchased at higher prices during the West Asia conflict, leading to past losses. However, sustained low global prices could pave…

The Economic Times

Air India Express restores all West Asia flights, resumes Salalah and Kuwait services

Air India Express has fully restored its West Asia flight network, reinstating services to Salalah and Kuwait. Flights to Salalah resumed on July 2, with Kuwait services restarting on July 3 and expanding from July 5. Bengaluru-Kuwait flights also recommence on July 4. This move reconnects passengers across the region,…

The Economic Times

Rs 1 lakh crore on crude imports will be saved by 2030, as 35 lakh EVs will replace petrol vehicles: SBI Report

India is poised for a significant electric vehicle surge, with an estimated 35 lakh petrol vehicles to be replaced by EVs between 2027-2030. This shift could slash crude oil import bills by Rs 1 lakh crore if EVs capture 20% of the market by 2030. The West Asia conflict has…

The Economic Times

Tel Aviv should build broader alliance from India to US via West Asia: Top Israeli defence official

Israel's top defence official proposed a new regional security architecture, advocating for a broad alliance from India to the US, encompassing West Asia and Europe. This initiative, he stated, is crucial given Iran's military buildup and aims to forge shared interests. A new US-Israel security pact, grounded in mutual interests,…

The Economic Times

India's economic plot twist comes with one villain stepping aside, another waiting

India's economic outlook has improved as falling crude oil prices ease inflation, strengthen the balance of payments and prompt economists to raise GDP growth forecasts. But the optimism comes with fresh risks, including an uneven monsoon, food inflation, geopolitical tensions in West Asia and uncertainty over global commodity prices, making…

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