New Delhi, April 4 (IANS) Another India-flagged liquefied petroleum gas (LPG) tanker, Green Sanvi, transited east of the Strait of Hormuz, according to ship tracking data, making it the seventh Indian vessel to clear the maritime chokepoint safely amid the West Asia conflict. The vessel used a designated corridor through Iran’s territorial waters to navigate the strategically sensitive waterway.The tanker is estimated to be carrying around 44,000 tonnes of LPG, roughly equivalent to half a day…
Latest West Asia conflict News & Updates
New Delhi, April 4 (IANS) An India-bound LPG tanker has begun its journey through the strategically crucial Strait of Hormuz, offering some relief to concerns over energy supplies amid the ongoing West Asia conflict.The vessel, Green Salvi, is carrying more than 46,000 metric tonnes of liquefied petroleum gas (LPG) and is expected to exit the narrow waterway by early morning, according to the sources.The shipment is likely to play an important role in supporting India’s domestic cooking gas su…
Mumbai, April 2 (IANS) Maharashtra Minister of Protocol and Marketing Jaikumar Rawal on Thursday said that amid the global LPG shortage triggered by the conflict in West Asia, the state government is taking all necessary measures to ensure a smooth gas supply for domestic industries, enterprises set up by foreign investors, and citizens. He emphasised that the government will not let any industry face hardships during this crisis.Following requests from the Consuls General of Sweden, Japa…
New Delhi, April 2 (IANS) The Centre has rolled out a series of relief measures aimed at shielding Indian industry and consumers from the adverse economic impact of the Iran war, which has disrupted supply chains and hit exports.The Finance Ministry has outlined steps spanning customs duty cuts for key raw materials, export incentives, fuel price controls, and financial support mechanisms, with a focus on ensuring stability across key sectors.The Government has allowed Special Economic Zone (SEZ…
United Nations, April 2 (IANS) The UN Security Council will focus on the West Asia conflict in April, taking up issues concerning Iran, Lebanon, Gaza and the West Bank, Jamal Fares Alrowaiei, Bahrain’s permanent representative to the United Nations and president of the council for the month, said.Speaking at a daily briefing on the Security Council’s program of work for April on Wednesday (Local time), Alrowaiei said four general priorities shape Bahrain’s membership in the council in general –…
New Delhi, April 1 (IANS) Prime Minister Narendra Modi on Wednesday chaired a special meeting of the Cabinet Committee on Security (CCS) to review measures taken by various Ministries/Departments and also discussed further initiatives to be taken in the context of the ongoing West Asia conflict.Prime Minister directed all concerned departments to take all possible measures to ameliorate the problems of citizens and sectors affected by the ongoing global situation.PM Modi assessed the availabilit…
Mumbai, April 1 (IANS) India’s equity markets are likely to offer strong alpha opportunities in FY27 despite the ongoing West Asia conflict, supported by sectoral divergence, resilient macro buffers and potential recovery in foreign flows, a new report said on Wednesday.According to Motilal Oswal AMC, the escalation in the West Asia conflict has introduced uncertainty around oil prices, inflation, currency movement and FY27 earnings estimates, and also created a fertile ground for stock-specif…
Mumbai, April 1 (IANS) Domestic policy measures and relatively stronger corporate balance sheets provide some cushion to the credit profile of India Inc but the critical question is whether these domestic levers will be sufficient to keep credit quality on course if the global environment deteriorates further, a report showed on Wednesday.Amid the emerging geo-political environment, the credit ratio for the manufacturing and services sector in India improved to 2.06 times in the second half of F…
New Delhi, April 1 (IANS) State-owned oil marketing companies (OMCs) on Wednesday made substantial revisions to prices of both aviation turbine fuel (ATF) and commercial LPG, with rates surging sharply — including a more-than-doubling in jet fuel prices — tracking a spike in global oil prices amid the escalating West Asia conflict.Jet fuel prices more than doubled to a record high, while commercial LPG rates also rose significantly, adding to cost pressures across sectors.The price of ATF in D…
New Delhi, March 31 (IANS) Gold and silver prices are likely to open higher in Tuesday’s evening session amid hopes of de-escalation in the West Asia conflict.Tracking global cues, spot gold jumped as much as 2.39 per cent to $4,619.14 per ounce as of 11 A.M., while US gold futures for June delivery gained 2 per cent to $4,649.26.Similarly, spot silver advanced 4.82 per cent to $73.48 per ounce, while COMEX silver traded at $73.705, up 4.44 per cent from the previous close.On Monday, MCX gold …