Beijing, April 26 (IANS) China has not openly backed its comprehensive strategic partner Iran as the West Asia conflict continues to intensify, and discussions within Beijing suggest that it never committed to “take the bullet” for Tehran, according to a recent report. In the early phase of the US-Iran conflict, Beijing signalled both to Iran and to observers questioning its relatively “muted response” that its partnership with Tehran does not extend to military intervention, according to a repo…
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New Delhi, April 26 (IANS) Commerce and Industry Minister Piyush Goyal will hold a crucial meeting with export promotion councils and industry bodies on April 27 to discuss strategies to boost outbound shipments, amid growing concerns over declining exports and geopolitical disruptions.The meeting comes at a time when Indian exporters are facing headwinds due to the ongoing tensions in West Asia, triggered by the conflict involving the US, Israel and Iran.Industry sources said the situation has …
Tehran, April 26 (IANS) Iran’s main military command, Khatam al-Anbiya Central Headquarters, vowed to react if the United States continues its “blockade, banditry and piracy” in the West Asia region.It made the announcement in a statement carried by Iranian media while pointing to the US naval blockade imposed on the Strait of Hormuz, which prevents vessels traveling to and from Iranian ports from transiting the waterway, and actions against Iran-bound ships over the past few days, Xinhua news a…
New Delhi, April 25 (IANS) The government on Saturday said that around 12.65 lakh passengers have travelled from the Gulf and West Asia region to India since February 28.The Ministry of External Affairs (MEA) said it is closely tracking developments in the region, with a strong focus on the safety, security and welfare of the Indian community.Indian missions and posts across the Gulf and West Asia are operating round-the-clock helplines and are actively assisting citizens while remaining in cons…
New Delhi, April 25 (IANS) India’s commercial vehicle (CV) industry is expected to touch record volume of roughly 12.4 lakh units in fiscal 2027, surpassing the previous peak of fiscal 2019, a report said on Saturday.The industry posted a strong 13 per cent rebound in fiscal 2026, and the high base will lead to moderation in growth to 5–6 per cent in FY27, the report from Crisil Ratings said.Domestic demand will remain supportive, buoyed by infrastructure-led activity, steady replacement dem…
New Delhi, April 25 (IANS) Domestic investors raised their shareholding to a record 29 per cent in Indian equities, offsetting the decline in foreign participation, a new report has said.Foreign portfolio investor (FPI) ownership in Indian equities dropped to its lowest level in 16 years in the March quarter, the report from Morgan Stanley said.Domestic ownership in the listed universe surged 40 basis points from the previous quarter. With the increase primarily driven by domestic institutions, …
New Delhi, April 25 (IANS) Polish Ambassador to India, Piotr Antoni Switalski, stated recently that Poland is a “staunch advocate” of enhancing the relationship between the European Union and India across various sectors, including Defence, in light of the recent Free Trade Agreement (FTA).In an interview with IANS, Switalski expressed satisfaction with the interest of Polish companies in selling, manufacturing, and investing in India. He also noted that several Indian Defence companies have ind…
Mumbai, April 25 (IANS) The domestic equity markets closed on a weak note this week, with benchmark indices declining about 2 per cent amid escalating tensions in West Asia, a sharp spike in crude oil prices, and heavy selling in IT stocks weighing on sentiment.On a weekly basis, headline indices Sensex and Nifty ended lower, falling 2.3 per cent and 1.9 per cent, respectively.However, broader markets showed relative resilience, with the BSE Midcap and BSE Smallcap indices slipping just 0.6 per …
Tokyo, April 25 (IANS) Japanese Prime Minister Sanae Takaichi has held a key meeting on the situation in the Middle East and said Japan expects to secure around 60 per cent of its crude oil needs for May through routes that do not pass the Strait of Hormuz.The PM’s Office of Japan, quoting Sanae Takaichi, wrote on X: “I held a Ministerial Meeting on the Situation in the Middle East. Regarding alternative crude oil procurement that does not pass through the Strait of Hormuz, we have an outlook fo…
Beijing, April 24 (IANS) The Chinese Foreign Ministry on Friday denied allegations made by US President Donald Trump that an Iranian cargo ship intercepted by the US might have carried a “gift” from Beijing. When asked about Trump’s remarks during a regular press briefing in Beijing on Friday, Chinese Foreign Ministry spokesperson Guo Jiakun said, “China rejects any assertion and speculation that lack factual evidence. Normal trade between countries should not be disrupted or harmed.”China’s…