Petroleum is the most immediate area of exposure. In 2025, India sourced roughly $70 billion crude oil and petroleum products from West Asia. (AI image) Beyond oil, the Middle East crisis has other implications for the Indian economy, especially if the US-Israel-Iran war continues for a long duration leading to major supply disruptions. In recent…
Rising tensions in West Asia and the possibility of disruption to shipping through the Strait of Hormuz could pose a serious threat to India’s tea exports to key Gulf markets, industry representatives have warned.The Tea Association of India said a large share of the country’s tea shipments to the Persian Gulf region moves through the…
Benchmark indices Sensex and Nifty rebounded sharply on Thursday, rising more than 1 per cent as Indian equities tracked a rally in global markets following recent heavy losses triggered by the conflict in West Asia.Snapping a four-session losing streak, the 30-share BSE Sensex surged 899.71 points or 1.14 per cent to close at 80,015.90. During…
As tensions continue to heat up in the Middle East, concerns are raising about disruptions to one of the world’s most critical energy shipping routes, the Strait of Hormuz. Any disruption could significantly affect major oil-importing countries such as India, as the narrow Strait of Hormuz is central to global energy trade. The strait sees…
With March 31, 2026, serving as the definitive cut-off, only those investments and expenditures completed on or before this date qualify for tax benefits. (AI image) As the financial year draws to a close, millions of salaried taxpayers across India enter a decisive phase. What was once a routine process of submitting investment proofs to…
Until these regulations take effect and prove their worth through actual enforcement, your best defence is radical simplicity. For years, I have been writing about how the personal finance system is designed to extract money from ordinary savers rather than serve them. Just a few weeks ago, I discussed a book by John Campbell and…
India has sought to buy Russian crude to avoid supply shortages as Middle East tensions show no sign of abating. (AI image) India is back to stepping up purchases of Russian crude as the ongoing US-Israel-Iran war blocks Strait of Hormuz and crucial oil supplies from the Middle East, according to reports. India imports nearly…
Rupee made a comback in the green territory on Thursday as it recovered 51 paise to trade at 91.54 against the US dollar in early trade, after slumping to record low a day earlier. The domestic currency had plunged 56 paise on Wednesday to settle at an all-time low of 92.05 against the dollar, dragged…
Asian stocks inched higher on Thursday, after days of trading in red amid ongoing Middle East tensions. This comes as equities were lifted by a rebound on Wall Street as oil prices paused their recent spike and economic updates painted a more positive picture of the American economy. In South Korea, Kospi hit a pause…
CLSA maintains an outperform rating on Reliance Industries, citing improved confidence in its new ventures. HSBC has a reduce rating on Avenue Supermart, noting its pricing advantage is not substantial. Morgan Stanley raises Delhivery’s target price, expecting strong volume growth and margin expansion due to a favorable industry environment. CLSA has an outperform rating on…
