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As energy supply disruptions due to the ongoing Middle East conflict stretch into a second month, the government has moved to cushion the impact on domestic industries by granting a full customs duty exemption on select critical petrochemical products, providing much-needed short-term relief. The decision, which will be applicable until June 30, will address supply…
MUMBAI: Peace hopes in West Asia led to a global rally since late Tuesday that spilled over to the Indian market on Wednesday and boosted investor sentiment on Dalal Street. As a result, stocks rallied smartly with the sensex closing 1,187 points (1.7%) up at 73,134 points. The day’s rally in the stock market was…
Prime Minister Narendra Modi on Wednesday chaired a special meeting of the Cabinet Committee on Security (CCS) to review the impact of the ongoing Middle East conflict, directing ministries to take urgent steps to safeguard essential supplies and protect citizens.“PM directs that all efforts must be made to safeguard the citizens from the impact of…
Representative image (AI-generated) With the near-closure of the Strait of Hormuz disrupting global oil supplies, several Asian countries are turning to Russian oil to fill the gap caused by the Iran war.Energy-starved nations in the region are taking advantage of US sanction waivers to secure Russian crude, Bloomberg reported. The Philippines recently received its first…
Since the onset of the geopolitical tensions, the currency has declined by roughly 4%. (AI image) Will the US-Iran war lead to the rupee hitting the 100 per dollar mark? Experts are of the view that a prolonged Middle East conflict may lead to the rupee depreciating even more with policy measures unlikely to offer…
NEW DELHI: Prime Minister Narendra Modi on Tuesday said India had handled the fallout of the West Asia crisis “effectively”, while accusing the Opposition of attempting to “spread anarchy” by fuelling panic over fuel shortages and rising prices.Addressing a rally in Vav-Tharad in Gujarat, Modi said global disruptions caused by tensions involving the United States,…
Irish playwright George Bernard Shaw, along with American songwriter Bob Dylan, are the only two people to achieve literary and cinematic harmony: winning both the Nobel and the Oscar. Bernard Shaw won his Nobel for the screenplay Pygmalion, which was made into a movie and was credited with elevating Hollywood from illiteracy to literacy. Bernard…
Asian shares on Tuesday recorded their steepest fall since 2022, as the Middle East war completed a month, fuelling fears of higher inflation and slower economic growth.MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.55 per cent and was on track for a monthly decline of more than 12 per cent, marking its worst…
Iran’s Fatah-III short-range ballistic missile; THAAD missile defence system The ongoing conflict in the Middle East has seen the principal actors—the United States-Israel on one side and Iran on the other side—deploy a wide range of weapon systems. The conflict entered its 32nd day on Tuesday, having begun on February 28 with coordinated US-Israeli strikes…
As the war in the Middle East entered its second month, efforts to de-escalate and push for peace gathered pace, with Pakistan attempting to position itself as a key diplomatic player. However, an Israeli envoy firmly dismissed Islamabad’s role, instead expressing a clear preference for India as a “better mediator.”Fleur Hassan-Nahoum, special envoy at Israel’s…
