New Delhi, April 7 (IANS) FMCG companies should adopt contingency‑led supply‑chain planning, portfolio consolidation and revenue growth management to counter risks to India’s consumer products and retail industry from the US–Iran war, a report said on Tuesday.The report from EY India also urged sharper resource allocation, localisation, and backward integration across value chains.Sectors most exposed to oil, petrochemicals and global shipping—edible oils, textiles, paints, packaged fo…
Latest US-Iran war News & Updates
New Delhi, April 7 (IANS) India’s headline CPI could rise to between 4.5 and 4.8 per cent from a base case of about 4 per cent, and RBI’s April policy is likely to keep rate changes on hold in a cautious tone, a report said on Tuesday.The report from Yes Bank said GDP growth is expected to moderate to about 7 per cent with downside risks if the US-Iran war persists.”Growth has remained resilient so far, supported by domestic demand – both private consumption demand and government’s capital e…
Seoul, April 7 (IANS) LG Energy Solution Ltd, South Korea’s leading battery maker, on Tuesday estimated it posted an operating loss in the first quarter, apparently due to the fallout from the US-Iran war.Operating loss came to 207.8 billion won (US$138.2 million) in the January-March period, shifting from a profit of 374.7 billion won a year earlier, the company said in a regulatory filing.Sales decreased 2.5 percent to 6.55 trillion won. Data for net earnings was unavailable, reports Yonhap ne…
Mumbai, March 13 (IANS) The Indian equity markets opened sharply lower early on Friday as crude oil prices due to the US-Iran war weighed on investor sentiments.As of 9.25 am, Sensex lost 516 points, or 0.68 per cent, to reach 75,517 and Nifty eased 174 points, or 0.74 per cent, to reach 23,464.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 declined 0.84 per cent, and the Nifty Smallcap 100 lost 1.08 per cent.All sectoral indices traded in red except…
Seoul, March 12 (IANS) Heads of South Korean display makers said on Thursday they are closely monitoring the potential fallout of the US-Iran war amid concerns that the Middle East conflict could trigger inflation and push up production costs.”If the war lasts longer, the price burden of raw materials will rise significantly,” Samsung Display Chief Executive Officer (CEO) Yi Chung told reporters ahead of the general meeting of the Korea Display Industry Association held in Seoul.”While condition…
Seoul, March 12 (IANS) South Korean stocks continued to trade lower late on Thursday morning as investors sat on the sidelines amid lingering oil price swings sparked by the US-Iran war.The benchmark Korea Composite Stock Price Index (KOSPI) fell 43.49 points, or 0.78 percent, to 5,566.46 as of 11:20 a.m.The International Energy Agency announced a plan to release oil reserves to ease woes over supply disruptions at the Strait of Hormuz, though investors remained concerned about potential long-te…
New Delhi, March 11 (IANS) Crude oil prices further declined on Wednesday after reports surfaced that the International Energy Agency (IEA) proposed the largest release of emergency reserves in its history to cool the price surge fuelled by the US‑Iran war.The proposed release would surpass the 182 million barrels deployed in two tranches in 2022 following Russia’s invasion of Ukraine, according to multiple reports. The Group of Seven (G7) nations have asked the IEA to prepare scenarios for …
New Delhi, March 9 (IANS) The government has assured highway construction companies that supplies of key raw materials such as bitumen, cement and diesel will remain adequate despite logistics disruptions linked to the US-Iran war, sources said.Citing sources, a report from NDTV Profit said that officials from the National Highways Authority of India met with members of the National Highways Builders Federation after contractors raised concerns about delays in truck movements and ship offloading…
New Delhi, March 4 (IANS) Safe‑haven currencies, from the dollar to the yen and gold, are expected to rally and equity sentiment could worsen due to supply chain disruption amid escalation of the US-Iran war, a report said on Wednesday.The report from DBS Bank said spreads of sovereign and corporate bonds could widen as investors while the monetary policy will stay put in the near term. Taimur Baig, Chief Economist, DBS Bank, warned that despite the Iranian Navy’s warships posing minimal thr…
New Delhi, March 2 (IANS) Pakistan’s benchmark KSE‑100 index plunged nearly 10 per cent on Monday amid escalating geopolitical tensions due to the US-Iran war along with the country’s ongoing military operation in Afghanistan dampening investor sentiment.The index was at 151,798.54 at about 2:19 pm, down 9.68 per cent. The KSE‑30 index fell around 9.8 per cent before trading was halted for an hour, after which the market reopened taking KSE‑30 to trade about 7.3 per cent lower.The sell…