A top Iranian official has blamed the US and Israel for the disruption of global supply chains due to the West Asia conflict, stating that Tehran is not happy about the consequences faced by countries like India.
India's wholesale price inflation surged to 3.88 per cent in March, marking the fifth consecutive monthly increase, primarily driven by a sharp rise in crude petroleum, natural gas, and manufactured items amidst the West Asia crisis.
The parents of Jerin George, a native of Haripad in Kerala, have appealed to authorities to help bring their son home after he became stranded on an Iranian ship due to the conflict in West Asia.
Air India has deferred annual salary increments for its staff by at least one quarter and urged a "relentless focus on costs" due to external headwinds like the closure of Pakistan airspace, West Asia conflict, rupee depreciation, and a significant surge in aviation turbine fuel prices, though the airline has assured there will be no layoffs.
The Reserve Bank of India (RBI) and the central government have introduced a package of measures, including tax exemptions for FPIs on government securities and a concessional foreign-exchange swap facility, aiming to attract up to $50 billion in foreign capital. This initiative is designed to strengthen India's balance of payments and potentially cover the projected BoP gap for FY27.
India's mergers and acquisitions (M&A) market is projected to maintain an annual run-rate of approximately $200 billion, evenly split between domestic, inbound, and outbound transactions, despite global geopolitical turbulence, according to Rajesh Singhi, global co-head, M&A Advisory, Standard Chartered Bank.
The 70-foot statue of Lionel Messi in Kolkata, West Bengal, is set to be dismantled due to safety concerns after being found unstable in the wind.
The Election Commission of India (ECI) has expressed serious concerns regarding the deployment of police personnel to provide security to individuals allegedly connected to the Trinamool Congress (TMC) in West Bengal ahead of the elections, directing the Director General of Police (DGP) to conduct a review and ensure impartiality.
A PIL has been filed in the Supreme Court seeking a detailed constituency-wise disclosure of disenfranchisement caused by the Special Intensive Revision (SIR) of electoral rolls in West Bengal.
Union Home Minister Amit Shah addressed poll rallies in West Bengal, promising to tackle corruption and illegal immigration if the BJP comes to power. He criticised the current TMC government and outlined the BJP's plans for the state.
Senior TMC leader Firhad Hakim has resigned as the mayor of the Kolkata Municipal Corporation (KMC), citing an inability to function properly. His resignation, approved by Mamata Banerjee, comes amidst significant political turbulence within the TMC following recent election defeats and a wave of councillor resignations, raising questions about the party's urban political structure.
'DRDO has been directed to license missile technologies to the private sector.'
Prime Minister Narendra Modi announced six guarantees for West Bengal if the BJP wins the Assembly polls, promising to end the 'reign of fear' and address corruption, while criticising the TMC government's performance.
The Reserve Bank of India (RBI) Governor Sanjay Malhotra is now confronting the classic growth-inflation tradeoff, a situation exacerbated by the West Asia war, which threatens to end the 'goldilocks period' of low inflation and robust growth.
Indian benchmark indices, Sensex and Nifty, closed sharply higher, with the Sensex climbing 1,695.40 points and the Nifty surging nearly 2 per cent, driven by a global market rally and a decline in crude oil prices following US President Donald Trump's declaration that his country has ended the war with Iran.
Suryakumar Yadav and Shubman Gill are missing from the list of probables for the Asian Games, while Vaibhav Sooryavanshi has been included in the 30-member squad submitted by the BCCI to the IOA.
The Indian rupee depreciated by 52 paise to settle at 93.35 against the US dollar, driven by failed US-Iran peace talks, surging crude oil prices due to a potential US blockade of Iranian ports, and a global flight to the greenback. This geopolitical uncertainty is also leading to foreign capital withdrawal from domestic equities.
Manav Suthar starred on Test debut with figures of 6 for 33 as India bowled out Afghanistan for 152 and enforced the follow-on. The Rajasthan spinner registered the second-best bowling figures by an Indian on Test debut.
Maharashtra Congress leader Naseem Khan met with the representative of Iran's Supreme Leader in India to express condolences for the deaths of Ayatollah Khamenei, soldiers, and civilians in the West Asia conflict.
India's services sector growth reached a five-month high in April, with the HSBC India Services PMI Business Activity Index rising to 58.8, primarily driven by robust domestic demand and a shift from international to local suppliers amidst the West Asia crisis.
Holoflex Ltd, a leading anti-counterfeiting and security solutions provider, plans to invest Rs 30 crore over the next two years to establish a second manufacturing facility. This expansion is driven by increasing demand for integrated brand protection solutions and growing concerns over counterfeit products across various sectors, including essential goods. The company aims to significantly boost its revenue and strengthen its position in the rapidly growing anti-counterfeiting market.
Senior BJP leader Smriti Irani has criticised the TMC government in West Bengal, alleging corruption and failure to ensure women's safety. She promised a monthly cash support of Rs 3,000 for every woman if the BJP is voted to power.
Madhya Pradesh minister Kailash Vijayvargiya expressed his joy over the BJP's victory in the West Bengal assembly polls, calling it a significant gift to the nation from PM Modi and Amit Shah, while also alleging the previous TMC government fostered anti-national activities.
India bought 1.87 million barrels of Russian oil per day in May so far, meeting approximately 40 per cent of its oil imports.
Uttar Pradesh Chief Minister Yogi Adityanath has accused the TMC of pursuing appeasement policies in West Bengal, urging voters to support a BJP government for inclusive governance and development.
Prime Minister Narendra Modi will hold a video conference with chief ministers of most states to assess their preparedness and strategies in response to the ongoing conflict in West Asia.
West Bengal BJP president Samik Bhattacharya has expressed the state government's desire for the Tata Group to return to Singur, viewing it as an economic necessity and a signal that West Bengal is open for business. The move aims to reverse the negative perception created when the Nano project was forced out of the state.
Commerce and Industry Minister Piyush Goyal announced that a US team is expected to visit India next month for trade talks, following an earlier Indian delegation's visit to Washington, DC, in April to finalise an interim pact and advance negotiations for a broader bilateral trade agreement.
Crude oil prices are projected to fall significantly this year, driven by hopes of a peace deal between the US and Iran, which could lead to the reopening of the Strait of Hormuz, and a notable drop in Chinese demand for seaborne crude imports.
India's foreign exchange reserves saw a significant increase of USD 6.295 billion, reaching USD 696.988 billion for the week ending May 8, as reported by the Reserve Bank of India.
The EC also underlined that for electors whose enumeration forms have not returned, the Booth Level Officers (BLOs) would identify a probable cause, such as absent, shifted, dead and duplicate entry based on an inquiry from the nearby electors and would note the same.
As more opposition MPs are now aligning with the ruling NDA, sources in the government indicated that possibilities are being explored to give a fresh push to the delimitation legislation in Parliament.
Nomura has increased its March 2027 target for the Nifty 50 to 25,900, driven by strong corporate earnings and attractive market valuations, even as risks from the West Asia conflict and high oil prices persist.
External Affairs Minister S Jaishankar discussed the West Asia conflict's impact on the global economy, particularly energy security, with US Secretary of State Marco Rubio. He also engaged with GCC ambassadors and his Sri Lankan and German counterparts on the same issue.
West Indies players are leaving India on commercial flights in batches after their departure was delayed due to international airspace closures amid ongoing conflict in the Middle East, the Caribbean side's governing body CWI said on Tuesday.
This marks a significant step towards legally safeguarding the cultural and spiritual identity of one of Hinduism's most revered pilgrimage centres.
A CID team visited the Trinamool Congress (TMC)'s central office in Kolkata as part of an investigation into alleged forged signatures of MLAs. The controversy, which involves a proposal for the Leader of Opposition, has triggered an unprecedented split within the party, with a rebel faction electing its own leader. TMC leaders prevented the CID from entering the premises, citing the absence of national general secretary Abhishek Banerjee.
Hyundai Motor India Ltd (HMIL) announced plans to make Tamil Nadu its 'flagship EV hub for India', committing over 26,000 crore in investment, enhancing localisation, and creating approximately 2,000 additional jobs over the next five to six years. The company will roll out two new EV models from its Chennai facility this year, including its first mass-market dedicated EV.
External Affairs Minister S Jaishankar and Jamaican Prime Minister Andrew Holness dedicated a scoreboard gifted by India to Sabina Park, highlighting the strong cricket ties between the two nations.
The Reserve Bank of India (RBI) has debunked reports of gold sales, stating that its physical stock of gold remains unchanged at 880.52 tonnes, countering claims of selling approximately USD 12 billion to protect foreign-currency reserves.
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