The ongoing conflict in the Middle East could discourage investment flows into India and offset the growth benefits expected from trade deals with the European Union and the United States, Fitch Group company BMI said on Tuesday.In its latest India outlook report, BMI retained its FY2026/27 GDP growth projection at 7 per cent despite flagging…
Hardeep Singh Puri chairs meeting with media fraternity and petroleum ministry officials NEW DELHI: Amid concerns over oil supply concerns due to Middle East tensions , union minister of petroleum and natural gas Hardeep Singh Puri, in a meeting with media, assured that India has enough reserves to deal with the situation.“Held a very positive…
As Middle East tensions continue to intensify, India’s global capability center (GCC) landscape could face some temporary headwinds. Experts, however, said that the country may ultimately gain as companies prioritise stability in their global operations.Multinational corporations including Microsoft, Visa, Intel, Qualcomm, Siemens Healthineers, DHL, Nokia, HP, PepsiCo, Emerson, Lenovo, Johnson Controls and Eaton currently run…
Both India and China are big consumers of oil from the Middle East. (AI image) Is India the most vulnerable to prolonged oil supply shocks in wake of the ongoing Middle East tensions post Israel-US strikes on Iran and the latter’s retaliation? India, a fast-growing oil consumer, is the country most vulnerable to crude supply…
Market experts anticipate continued turbulence in the near term as tensions between Iran and the Israel-US alliance intensify. (AI image) Rs 11 lakh crore gone! Middle East tensions, the ongoing war of the US and Israel with Iran have bled the Indian stock markets, with investors rushing for cover to safe haven assets as economic…
Gold and silver metals inched higher on Monday, on the back of strong safe-haven demand from investors amid ongoing geopolitical tensions intensifying in the Middle East. The yellow metal rose by Rs 7,000 per 10 grams to Rs 1.66 lakh while silver inched to Rs 2.86 lakh, recording a gain of Rs 20,000 per kg….
Refiners have begun scouting for alternative crude sources to offset supplies affected by the conflict in West Asia. (AI image) India is looking at several emergency measures to tackle the risk of fuel shortages if shipping through the Strait of Hormuz remains affected for an extended period. Strait of Hormuz in the Persian Gulf is…
Asian stocks plunged on Tuesday as investors reacted to the ongoing tensions in Iran and its potential impact of regional energy supplies. In Hong Kong, HSI was down 74 points or 0.29% to 25,985. South Korea’s Kospi index also opened sharply lower after Monday’s holiday, plunging 4.88% to 5,939.Shanghai and Shenzhen also fell 0.07% and…
India’s external accounts have deteriorated modestly, though less than expected. Data released by the RBI showed that the current account deficit (CAD) widened to $13.2 billion or 1.3% of GDP, in Dec quarter of FY26 from $11.3 billion (1.1% of GDP) a year earlier.The slippage was driven largely by merchandise trade, as exports to the…
MUMBAI: The escalating war in West Asia took a heavy toll on investors on Dalal Street as stocks crashed on Monday that left them poorer by Rs 6.6 lakh crore. With the war between the US-Israel and Iran elevating geopolitical risks, the sensex closed 1,048 points (1.3%) lower at 80,239 points, a closing level not…