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Air India board has reportedly discussed cost-cutting measures, including furloughs and bonus deferments, amid rising losses and operational pressures linked to West Asia tensions and higher fuel prices. The airline is also reviewing leadership transition and long-term financial restructuring plans.
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Indian stock markets fell for a second straight session as escalating West Asia tensions and Strait of Hormuz disruptions triggered risk-off sentiment. Sensex and Nifty dropped around 1%, with broad-based selling across sectors, while rising crude and rupee weakness added pressure
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Indian oil companies are tapping commercial crude stocks as Strait of Hormuz disruptions tighten global supply due to West Asia tensions. Rising freight and insurance costs, strong domestic demand, and falling import volumes are reshaping India’s fuel import and pricing dynamics
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The rupee weakened for the fourth straight session, breaching the 94 mark against the US dollar amid rising crude oil prices, foreign investor outflows, and geopolitical tensions in West Asia, with uncertainty over the Strait of Hormuz further pressuring markets.
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Global crude oil prices declined nearly 2 per cent on Friday as hopes of easing West Asia tensions and a temporary ceasefire between Israel and Lebanon dampened supply concerns, even as markets remained cautious amid ongoing geopolitical uncertainty.
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Benchmark indices Sensex and Nifty tumbled in early trade on Thursday after a strong rally in the previous session as fresh tensions in West Asia triggered concerns over a possible ceasefire breach, dampening investor sentiment across global markets.
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Benchmark indices BSE Sensex and NSE Nifty fell sharply in early trade as rising crude oil prices and West Asia tensions hurt sentiment. Heavy FII outflows added pressure, while select IT and financial stocks limited broader market losses
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Two Indian LPG tankers carrying about a day’s supply of cooking gas have crossed the Strait of Hormuz amid tensions. Their arrival is expected to ease shortages as India continues to secure fuel supplies despite global disruptions
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KT Rama Rao led BRS legislators in Hyderabad protesting LPG shortages, demanding clarity from Centre and State. The party linked supply disruptions to West Asia tensions, citing hardships for households, vendors and small businesses amid rising prices
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Gold and silver prices surged up to 3% on Friday in domestic and global markets, driven by easing West Asia tensions and safe-haven demand. Despite gains, analysts warn of weekly declines amid inflation concerns, strong dollar, and uncertain interest rate outlook
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The Indian Navy has increased warship deployment near the Gulf of Oman and is escorting Indian-flagged vessels through the Strait of Hormuz amid rising tensions in West Asia, ensuring maritime security and safe passage of ships in sensitive routes
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Prime Minister Narendra Modi discussed escalating West Asia tensions with Iranian President Masoud Pezeshkian, stressing safety of Indians and energy supplies. Opposition leaders reacted with mixed views, welcoming dialogue but questioning India’s foreign policy approach and regional developments
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Prime Minister Narendra Modi spoke with Iranian President Masoud Pezeshkian to review the escalating West Asia situation, stressing the safety of Indian nationals and uninterrupted energy transit while urging dialogue, diplomacy and de-escalation to maintain regional stability
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Escalating tensions in West Asia have disrupted Kerala’s exports of fruits, vegetables and fish products, bringing shipments to a near halt. Exporters say losses are mounting as cargo routes remain affected during the crucial Ramzan export season
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Says this during gala at his Mar-a-Lago estate — his first major speech and public appearance after his electoral victory
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This comes on the heels of significant downturn in Indian equity markets, foreign fund outflows