India is set to field its strongest-ever contingent at the Asia Cup Bridge Championships 2026 in Goa, featuring top international stars and Asian Games medallists. The tournament, organised by the Bridge Federation of India, will host 46 elite teams from Asia and Oceania, highlighting India's growing prominence in intellectual sports.
Crude oil prices reached a new record high in futures trade, both domestically and internationally, as escalating military tensions between the US and Iran in West Asia continue to fuel market volatility. Diplomatic efforts concerning the Strait of Hormuz are being closely watched for potential price stabilisation.
India's U-18 women's hockey team started their Asia Cup campaign with a 2-1 victory over Malaysia, thanks to a brace from Nousheen Naz.
India's Under-18 boys and girls hockey teams, mentored by Sardar Singh and Rani Rampal, are set to compete in the Asia Cup in Kakamigahara, Japan, after intensive training and exposure matches.
The Indian women's U18 hockey team secured the bronze medal at the Asia Cup, defeating Korea 3-0.
Moody's Ratings has highlighted that Indian banks are among the most exposed in the Asia-Pacific region to the West Asia crisis, primarily due to India's high dependence on energy imports, which could lead to increased inflation, higher interest rates, and strained borrower cash flows.
Indian benchmark indices, Sensex and Nifty, closed almost flat in choppy trade as investors remained cautious due to ongoing uncertainty in West Asia, relentless foreign fund outflows, and anticipation of the RBI's monetary policy decision.
The Reserve Bank of India (RBI) has kept its key lending rate, the repo rate, unchanged at 5.25 per cent for the second consecutive time, citing concerns over rising energy prices, supply disruptions from the West Asia crisis, and potential inflationary pressures.
India's men's Under-16 hockey team defeated hosts Japan 4-1 in the final to win the Asia Cup title, with Ashish Purti scoring a hat-trick. Captain Ketan Kushwaha also scored, while Hockey India announced cash awards for the gold-winning men's team and the bronze-winning women's U-18 team.
Sweety Kujur has been named captain of the 18-member Indian women's U-18 squad for the Asia Cup hockey tournament in Kakamigahara, Japan, from May 29-June 6.
The Indian women's hockey team secured a 3-1 victory against Korea in their second Pool A match of the U18 Asia Cup, continuing their winning streak after defeating Malaysia.
The Indian men's U-18 hockey team secured a dominant 13-1 victory over Chinese Taipei in their final Pool A match, earning a spot in the semifinals of the U-18 Asia Cup 2026. Ashish Tani Purti scored a hat-trick, leading a strong offensive performance.
The Indian men's hockey team secured a 4-1 victory against Korea in their third Pool A match of the U-18 Asia Cup, with Ketan Kushwaha scoring twice.
Ketan Kushwaha has been appointed as the captain of the Indian U18 team for the upcoming Asia Cup in Kakamigahara, Japan. The squad was selected after a national coaching camp in Bhopal, which included exposure matches against Australia U-18.
Union Finance Minister Nirmala Sitharaman has warned that the ongoing West Asia crisis is not merely a geopolitical issue but will directly lead to higher fuel costs for common people and businesses, impacting shipping, input availability, and export orders.
India beat Pakistan 5-3 in thrilling semi-final to enter U18 Men''s Asia Cup final
Prime Minister Narendra Modi has called for the resolution of the West Asia crisis and the Ukraine conflict through dialogue and diplomacy, asserting that military action alone cannot achieve lasting peace. He made the remarks after talks with Norwegian Prime Minister Jonas Gahr Store.
The Sri Lankan government attributes the sharp depreciation of the rupee against the US dollar to the ongoing conflict in West Asia, citing increased costs for essential imports like gas, fertiliser, and oil.
Union Finance Minister Nirmala Sitharaman has urged an increased focus on '3Fs'-fuel, fertiliser, and forex-to maintain India's economic resilience amidst the West Asia crisis, while also criticising those who spread pessimism.
Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.
Prime Minister Narendra Modi has offered India's support to bring peace to West Asia during talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan. Both countries signed agreements to strengthen strategic collaborations in energy and defence.
RBI Governor Sanjay Malhotra stated that the central bank is closely monitoring whether the supply shock from the West Asia conflict will lead to a generalised price rise, potentially necessitating monetary policy action.
Indian cement manufacturers, despite a stable Q4FY26, are bracing for significant profitability pressures from Q1FY27 onwards due to escalating input costs, primarily driven by the West Asia conflict's impact on coal and petcoke prices.
Escalating geopolitical tensions in West Asia are beginning to disrupt India's automotive supply chain, leading to rising commodity prices, logistics bottlenecks, material shortages, and pressure on consumer demand, with two-wheeler makers already raising prices.
The economic fallout of the West Asia crisis, the prevailing security situation in the Indo-Pacific and ways to boost cooperation in critical minerals and technology are expected to top the agenda at a crucial meeting of the Quad foreign ministers on Tuesday.
Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, mirroring weak global trends, as escalating tensions in West Asia, particularly a drone attack on the UAE's Barakah nuclear facility, pushed crude oil prices higher. Track Sensex, Nifty50 movement and key market drivers for May 18, 2026.
A prolonged supply shock can transmit to lower incomes, and dampen confidence and sentiment, warns Aditi Nayar, chief economist, head-research and outreach, ICRA.
Iranian Deputy Foreign Minister Kazem Gharibabadi has urged India to take the lead in bringing peace to West Asia, highlighting the UAE's role in stalling BRICS consensus on the conflict. Gharibabadi also discussed a new framework with Oman for merchant vessels passing through the Strait of Hormuz.
"There is a sharp jump that we have seen in bookings of EVs... The jump, at least in our case, in just two months, it is about 2 to 2.5 times of what it used to be"
India has expressed serious concerns about the West Asia crisis and its potential impact on energy supplies and maritime stability, urging BRICS nations to find practical solutions to geopolitical challenges and unilateral sanctions.
Prime Minister Narendra Modi and US Secretary of State Marco Rubio discussed various aspects of India-US bilateral ties, focusing on defence, trade, energy, and technology. Rubio extended an invitation from President Donald Trump for PM Modi to visit the US.
The escalating crisis in West Asia and its impact on the global energy supply chain are expected to dominate deliberations at a two-day meeting of BRICS foreign ministers to be hosted by India.
Bank of Baroda economists project India's GDP to grow 6.5-6.8 per cent in FY27 but warn that the fiscal deficit could overshoot the budgeted 4.3 per cent target, potentially reaching 4.7-4.8 per cent of GDP due to subsidy overruns, excise duty cuts, and oil marketing company losses.
Even if there is an early agreement on a cessation of hostilities in West Asia, the price shock will not go away easily, points out A K Bhattacharya.
The CBI has raided multiple locations across India, arresting one person in Lucknow, as part of an investigation into the trafficking of Indian nationals to Southeast Asian countries for forced cyber fraud operations.
Mumbai's Kiaan Shah, representing Rayo Racing, achieved his best international karting result with a second-place finish in round 2 of the RMC Asia Trophy in Pattaya, Thailand.
India defeated Macau 8-1 in the U-18 Ice Hockey Asia Cup, with captain Gurtej Singh Bhatti scoring four goals in Bishkek, Kyrgyzstan.
The Indian U18 ice hockey team, led by Gurtej Singh Bhatti, will participate in the U18 Asia Cup in Bishkek, Kyrgyzstan, from April 27 to May 3, according to the national federation.
The Indian U18 ice hockey team, led by Gurtej Singh Bhatti, is set to participate in the U18 Asia Cup in Bishkek, Kyrgyzstan, from April 27 to May 3, according to the national federation.
Indian stock markets experienced a significant sell-off, with the Sensex tumbling over 1,300 points, driven by escalating crude oil prices due to US-Iran tensions and Prime Minister Narendra Modi's call for austerity measures, which amplified investor concerns about India's economic outlook.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances