"west-asia-crisis"

Crude oil futures rose 0.37 per cent to Rs 7,404 per barrel on the Multi Commodity Exchange amid rising geopolitical tensions in West Asia. Global benchmark crude prices also advanced as markets tracked developments involving Iran and Israel

The Telangana Real Estate Regulatory Authority (TGRERA) has extended the completion deadlines of registered real estate projects by four months, until November 30, 2026, citing the ongoing West Asia crisis as grounds to invoke the Force Majeure clause.

The Centre said ethanol blending prevented petrol prices in Delhi from rising to about Rs 125 per litre during the recent West Asia crisis. It credited the programme with reducing import dependence, saving foreign exchange and cushioning consumers from global crude price shocks

Finance Minister Nirmala Sitharaman said India successfully managed the economic impact of the West Asia crisis through prudent resource management, strong domestic consumption and trade agreements, enabling it to remain the world's fastest-growing major economy while strengthening strategic cooperation with France

The government has lifted all restrictions on non-domestic packed LPG supplies and partially restored bulk LPG distribution after improvements in global supply conditions. The move follows easing tensions in West Asia and is expected to provide significant relief to industrial and commercial consumers

While prices have risen across India, southern States, particularly Telangana, have consistently recorded inflation rates above the national average in recent months. What is fueling this gap?

The government said supplying a domestic LPG cylinder now costs over ₹1,600 due to the West Asia crisis, while households pay Rs 942. Despite a ₹29 price hike, oil companies still absorb around Rs 700 per cylinder, with disruptions affecting imports through the Strait of Hormuz

Prime Minister Narendra Modi, speaking in Daman, highlighted India’s strong economic foundation as GDP grew 7.7 percent in FY 2025-26, with 7.8 percent growth in the January-March quarter.

The rupee weakened by 7 paise to close at 95.83 against the US dollar amid US-Iran tensions, elevated crude oil prices and safe-haven demand. Investors are closely watching the RBI's monetary policy decision, with inflation, growth and currency stability in focus

Ongoing geopolitical tensions in West Asia continue to affect India's aviation sector, with international passenger traffic, profitability and capacity utilisation remaining under pressure. Elevated fuel costs, rupee depreciation and disrupted travel patterns have delayed a broader recovery, according to a report.

Nirmala Sitharaman said the West Asia crisis could raise fuel and shipping costs for common people and businesses as petrol and diesel prices rose again. She added the government sacrificed Rs 1 lakh crore in revenue through excise duty cuts

Crude oil prices climbed sharply on Tuesday amid persistent West Asia tensions disrupting global energy supplies. On MCX, June crude futures touched a record Rs 10,044 per barrel before easing slightly. Rising global benchmarks and fresh investor buying supported the continued upward momentum in oil markets

India increased gold and silver import duties to 15 per cent to curb rising imports and protect foreign exchange reserves amid the West Asia crisis. The move follows PM Narendra Modi’s austerity appeal as soaring oil costs, a weak rupee, and inflation intensify economic pressure on the country

The BJP hit back at Rahul Gandhi for criticising Prime Minister Narendra Modi’s austerity appeal amid the West Asia crisis, accusing Congress of prioritising politics over nation-building. BJP leaders defended Modi’s call for fuel conservation, self-reliance and economic discipline as responsible leadership during global uncertainty

Prime Minister Narendra Modi urged citizens to remain united and patient amid the ongoing West Asia crisis, saying global tensions were affecting India as well. Addressing BJP workers in Bengaluru, he also attacked the Congress and stressed the importance of collective effort and national interest

Pidilite Industries said it may consider another round of price hikes as geopolitical tensions in West Asia have sharply increased raw material costs. The company said inflation remains manageable for now, but a prolonged crisis could impact consumer demand and overall growth

The Iran war shows that power doesn’t guarantee victory—endurance does

Narendra Modi’s Europe tour to the Netherlands, Sweden, Norway, and Italy will focus on energy security, trade disruptions from the West Asia crisis, and cooperation in critical technologies, alongside the India-Nordic summit and key bilateral engagements

Haj Committee of India has ordered pilgrims to pay an additional ₹10,000 airfare citing West Asia crisis, drawing criticism from Asaduddin Owaisi who called it unfair and demanded withdrawal and refunds for Haj 2026 travellers

US President Donald Trump described his conversation with Prime Minister Narendra Modi as “very good,” highlighting discussions on bilateral ties and the West Asia conflict, with both leaders stressing the need to keep the Strait of Hormuz open.