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The Latest Breaking News from West Asia

What should you do with your gold investments after PM Modi urges people to postpone gold purchases?

Prime Minister Modi urged citizens to postpone gold purchases to curb India's import bill amidst West Asia tensions. While the intention is welcomed, the industry fears business and job impacts. Experts advise existing investors to hold, suggesting digital gold for new buyers, and propose solutions like domestic gold recycling and…

The Economic Times

West Asia crisis a balance of payments stress test, India better placed to navigate: Nageswaran

India's Chief Economic Advisor V. Anantha Nageswaran described the West Asia crisis as a "live balance of payments stress test" impacting inflation and currency. He highlighted India's strong fiscal consolidation, infrastructure investment, and reforms as crucial for navigating this challenging environment, emphasizing the need for strategic repositioning in a structurally…

The Economic Times

‘It’s not like a lockdown is going to take place tomorrow’: Puri dismisses fears after PM Modi’s fuel-saving push

Union Minister Hardeep Singh Puri reassured citizens that no lockdown-like restrictions are imminent despite Prime Minister Modi's call for fuel conservation amid the West Asia crisis. Puri asserted India's energy supplies remain stable, with significant domestic LPG production increases and substantial oil and LPG reserves in place.

The Economic Times

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AI optimism keeping global markets resilient despite West Asia tensions: William Lee

Global markets remain strong, prioritizing AI and technology over West Asian conflicts. Investors believe the war will be short, allowing focus on future tech growth. The US and Europe are seen benefiting from the AI revolution. A key focus is the upcoming Trump-Xi meeting, which could define US-China tech rivalry.

The Economic Times

Pakistan extends countrywide austerity drive after US, Iran fail to strike deal

Pakistan Prime Minister Shehbaz Sharif has extended nationwide austerity measures until June 13 amid continuing uncertainty over the Iran conflict and fragile ceasefire in West Asia.

The Economic Times

India Inc reads calm, not alarm, in PM Modi's austerity message

Prime Minister Narendra Modi urged a cutback on reducible expenses like fuel, foreign travel, and gold. Industry leaders see this as a call for self-reliance and moderated consumption. Global economic pressures, particularly from the West Asia crisis, are impacting India. Leaders support the Prime Minister's message, emphasizing domestic investment and…

The Economic Times

PM Modi's appeal to postpone gold buying could hurt jewellery industry, says GJC

The gems and jewellery sector anticipates challenges following Prime Minister Narendra Modi's call to delay gold purchases. Industry leaders suggest unlocking existing household gold through a Gold Monetisation Scheme. This approach could reduce imports and strengthen the economy. The appeal aims to conserve foreign exchange amid West Asia's crisis. The…

The Economic Times

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Nasscom flags continued hybrid work as IT firms brace for West Asia impact

India's tech industry is stepping into a new era with hybrid work models becoming the norm. In response to global disruptions and energy supply dilemmas, firms are reshaping their operations to find the perfect mix of remote and on-site work. Energy-saving initiatives are taking root, ensuring that sustainability aligns with…

The Economic Times

CIL's April coal auction quantity drops 6% vs March to 30.5 MT

Coal India Limited offered 30.5 million tonnes of coal in April auctions. This marks a slight decrease from March. Global energy prices are high due to West Asia tensions. Power plants are increasing coal use for energy security. Coal India is also allowing buyers from Bangladesh, Bhutan, and Nepal to…

The Economic Times

Ambani's Reliance Jio: Businesses and investors of the IPO-bound firm

Reliance Jio Platforms, owned by billionaire Mukesh Ambani, is preparing to seek approvals for a Mumbai IPO that could become India’s biggest stock market listing. Reuters reported the offering may raise up to $4 billion, though timelines were delayed due to weaker IPO sentiment after tensions in West Asia.

The Economic Times

PM austerity appeal row: BJP's counterattack on Rahul Gandhi invokes Nehru's speech

The BJP has responded to Rahul Gandhi's criticism of Prime Minister Narendra Modi's appeal for austerity. Gandhi called Modi's suggestions evidence of failure. The BJP stated that Modi is urging conscious choices for national interest, not sacrifices. They contrasted this with the Congress party's focus on power over nation-building.

The Economic Times

Why PM Modi Suddenly Wants Indians to Work From Home

As fuel prices rise and tensions in West Asia continue to grow, Prime Minister Narendra Modi has made an unexpected appeal to Indians work from home whenever possible, avoid unnecessary travel, and use fuel carefully. For many people, it sounded like a reminder from the Covid era. But behind this…

MyLifeXP

Titan Company unfazed about gold supply in short term as exchange programmes aid sourcing

Titan Company remains unconcerned about immediate gold supply disruptions stemming from the West Asia conflict. The jeweller's successful gold exchange program and robust contingency sourcing plans are effectively mitigating risks. This strategy ensures continued operations for Titan, Tanishq, and CaratLane.

The Economic Times

Pidilite signals further price hike as West Asia crisis fuels 40-50% raw material inflation

Pidilite Industries is planning another price increase for its products. This move comes as raw material costs surge due to ongoing geopolitical tensions in West Asia. The company, known for brands like Fevicol, has already implemented price hikes earlier. Pidilite aims to manage these costs while focusing on growth and…

The Economic Times

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The Economic Times

Nalco's alumina exports to West Asia affected due to geopolitical tensions, says CMD

Geopolitical tensions in West Asia have impacted National Aluminium Company Ltd's (Nalco) exports, which previously accounted for 40-50% of its alumina shipments. This disruption, coupled with a shift in export destinations, has led to a decline in global spot alumina prices to USD 305-310 per tonne. Smelters in West Asia…

The Economic Times

Britannia shares fall 5% despite decent Q4 show. Do Morgan Stanley, Nomura see any upside?

Britannia Industries shares dropped significantly even as the company reported a profit increase. The FMCG major's fourth-quarter earnings missed analyst expectations for revenue and volume growth. Supply disruptions in international business due to the West Asia conflict impacted March sales. Despite this, the company sees traction in e-commerce and premium…

The Economic Times

AlcoBev seeks costlier booze as costs spike

Alcoholic beverage makers are urging state governments for price increases. Rising costs for cans and bottles are impacting production. Supply chain disruptions, particularly from the West Asia crisis, have led to significant price surges for glass, paper, and other materials. Manufacturers face potential shutdowns.

The Times of India

'Flawed, politically motivated': Iran slams US-backed UNSC resolution on Hormuz crisis

Iran has criticized a US-backed UN Security Council draft resolution as politically motivated, stating it won't resolve the West Asian crisis. Tehran argues the only solution is ending the US naval blockade and restoring normal passage in the Strait of Hormuz, urging member states to reject the proposal.

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The Economic Times

Iran war: India calls Fujairah attack 'unacceptable'; demands immediate cessation of hostilities

India has condemned an attack on Fujairah that injured three Indian nationals, calling the incident "unacceptable." New Delhi urged an immediate cessation of hostilities and emphasized dialogue and diplomacy to restore peace and stability in West Asia amidst rising tensions linked to the Iran conflict.

The Economic Times

West Asia crisis: Leather & footwear industry seeks duty exemptions on critical inputs

The country's leather and leather products exports dipped by 2.36 per cent year-on-year to USD 4.26 billion in 2025-26. However, as per the industry, with the export of non leather goods (whose data is awaited), the export is expected to reach USD 5.6 billion.

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Commercial LPG Prices Surge for Third Month Amid Global Energy Spike

Commercial LPG cylinder prices have witnessed a sharp increase for the third month in a row, driven by rising global energy costs linked to ongoing tensions in West Asia and disruptions in key supply routes.

The Economic Times

Healthy rise in exports in April so far: Goyal

Indian exports are rising in early April despite the West Asia crisis. Trade data for April will be released mid-May. Negotiations for a trade pact with the US are progressing well. Several trade pacts have been finalized, with more on the way.

The Times of India

'Our bill has reached $800 million': Shehbaz Sharif says US-Iran war causing major economic blow to Pakistan

Pakistan's economy has been severely impacted by the US-Iran war, with oil import bills skyrocketing and economic progress stalling. Prime Minister Shehbaz Sharif stated that Islamabad will continue its efforts to mediate and restore peace in West Asia, highlighting recent diplomatic breakthroughs and planned future talks.

The Economic Times

West Asia conflict triggers energy shock, tests Asia’s growth resilience

Asia faces economic challenges as a West Asia conflict disrupts energy markets. This shock impacts inflation and growth across the region. India, a major energy importer, is particularly affected. Governments are implementing measures to ease the burden. Central banks must remain vigilant. Structural reforms are crucial for long-term resilience and…

The Times of India

Putin meets Araghchi, praises Iranians for resistance to US

Russian President Vladimir Putin on Monday praised the Iranian people for battling to stay independent in the face of US and Israeli pressure and said Moscow would do all it could to help Tehran. Russia has offered to mediate to try to help restore calm to West Asia following US…

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