The Latest Breaking News from West Asia

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 · Aug 3

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 · Aug 3

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…

The Economic Times · Aug 3

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 · Jul 30

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 · Jul 30

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…

The Economic Times · Jul 29

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 · Jul 29

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 · Jul 29

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 · Jul 28

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 · Jul 25