S&P Global Ratings warns that Indian oil marketing companies like IOC, BPCL, and HPCL may face reduced profit margins due to rising crude oil prices and government pressure to maintain stable retail prices.
While investors would focus on the results and guidance for the third quarter of financial year 2025-26 (Q3FY26) in the normal course of business, the US-Israeli attack on Iran and the latter's retaliation at Gulf allies of the US has forced them to weigh the consequences of the event.
Israel and the United States had a plan. Iran punched back. And now the Gulf is reeling, the world is beginning to feel the pain and, as on date, no one in Washington or Tel Aviv appears willing to admit that the punch has landed, notes Prem Panicker, continuing his must-read blog on the war in the Middle East.
'Our diplomacy should have been focused on preventing war and avoiding the inevitable disruptions it would cause, posing a real risk to India's growth story,' asserts former foreign secretary Shyam Saran.
Iran's Islamic Revolutionary Guard Corps (IRGC) claims control of the Strait of Hormuz and reports striking a US destroyer, escalating tensions in the Middle East following retaliatory strikes between Iran, the US, and Israel.
Delhi Police have arrested three individuals and seized over one kilogram of heroin, valued at 2 crore, dismantling an interstate narcotics syndicate operating between Uttar Pradesh and Delhi.
'Despite the large number of missiles and drones we have already launched, we still possess reserves and missile cities whose doors have not yet been opened,' says Iran's Consul-General Saeid Reza Mosayeb Motlagh.
Air India and Air India Express are introducing a fuel surcharge on domestic and international flights due to rising jet fuel prices, impacting travel costs for passengers.
Sri Lanka has established emergency hotlines and is closely monitoring the situation in West Asia following escalating tensions, urging restraint and de-escalation from all parties involved.
A joint attack by the United States and Israel on Iran has triggered a massive military confrontation in the Middle-East.
A 42-year-old college employee in Thane, Maharashtra, allegedly committed suicide by jumping from the fourth floor of the college building after a meeting regarding disciplinary issues.
Opposition parties are demanding a full Parliament discussion on the West Asia conflict, criticising the government's silence and calling for a contingency plan to protect India's energy security and citizens.
Prime Minister Benjamin Netanyahu stated that Israel and the US struck Iran because Tehran had restarted its nuclear programme and it would have gone 'immune within months'. He claimed Iran was building new underground sites to shield its missile and nuclear programmes from attacks.
A 64-year-old man from Thane was allegedly defrauded of 1.56 crore by cybercriminals using a 'digital arrest' scam, involving forged documents and constant surveillance.
The ECB cancelled the England Lions vs Pakistan Shaheens match in Abu Dhabi and postponed the England Women's training camp after US and Israeli strikes on Iran triggered missile fire across the Gulf and airspace closures.
Double Olympic medallist PV Sindhu was stranded at Dubai airport en route to the All England Open badminton tournament due to flight suspensions caused by escalating tensions in the Middle East.
India's Anirban Lahiri had a modest round, falling outside the Top-10 at Liv Golf Hong Kong, while Jon Rahm climbed into a three-way tie for the lead.
The Kremlin has announced it will not disclose data on crude oil exports to India, citing concerns about 'ill-wishers'. This decision follows reports of increased Russian oil supplies to India and China amid geopolitical tensions.
Jamshedpur FC defeated Inter Kashi 1-0 in an Indian Super League match, showcasing resilience after Vincy Barretto's early red card. Steven Eze's goal secured the victory, marking Jamshedpur's fourth consecutive win.
The International Cricket Council (ICC) is developing alternate flight plans for players and officials returning from the T20 World Cup following US strikes on Iran.
Let us start with ourselves. If we can reduce our LPG consumption by half, the problem is solved. Reduce wastage. Alter eating styles. Diversify methods of food preparation, suggests Vice Admiral Biswajit Dasgupta (retd).
A 52-year-old man was allegedly shot dead in Pratapgarh, Uttar Pradesh, due to a decades-old family rivalry. Police have detained a suspect and are investigating the incident.
Indian equity markets experienced a significant downturn, with the Sensex and Nifty plummeting due to rising crude oil prices, geopolitical tensions in West Asia, and continuous foreign fund outflows.
108 Maoists surrendered in Chhattisgarh's Bastar district, yielding a large cache of weapons and cash. The surrender highlights the government's success in combating Left Wing Extremism and the weakening of Maoist ideology.
A new survey indicates that Indian employers are planning to increase hiring in the April-June quarter, driven by strong business confidence and domestic demand. The survey also highlights the impact of AI adoption on workforce strategy and the challenges of talent scarcity.
US President Donald Trump and Russian President Vladimir Putin discussed the Iran conflict and its impact on global energy supplies during a phone call.
Benchmark indices Sensex and Nifty experienced a significant decline, falling over 1 per cent due to foreign fund outflows and global uncertainties.
Israeli PM Benjamin Netanyahu has affirmed that the United States and his administration have achieved nearly total dominance over Iranian airspace following a series of coordinated military strikes.
White House Press Secretary Karoline Leavitt on Tuesday said that the United States has not ruled out the option of sending troops on the ground in Iran and that military operations in the Persian Gulf nation would end once the objectives of Operation Epic Fury are achieved.
With Gulf countries emerging as popular destinations for Indian weddings and pre-wedding shoots, the March-April season had seen a flurry of bookings.
Two-time Olympic medallist PV Sindhu is likely to miss the All England Championships due to travel disruptions caused by airspace closures in the Gulf region.
Unidentified motorcycle-borne men allegedly opened fire at a house in east Delhi's Farsh Bazar area. Police are investigating the incident, exploring motives such as old enmity, ransom, and possible threats.
Lakshya Sen defeated China's Li Shi Feng to reach the semifinals of the All England Open, continuing his impressive run in the tournament.
The ICC said the South African contingent had begun departing for home on Wednesday with "four players and five family members having boarded the flight".
The brave displays of cricket's second-tier nations were the brightest feature of the Twenty20 World Cup, which got off to a rocky start and culminated in a predictable home win for white-ball behemoths India on Sunday.
Foreign investors pulled out Rs 21,000 crore (around $2.3 billion) from Indian equities over the last four trading sessions amid deteriorating global risk sentiment triggered by the West Asia crisis.
Indian stock market benchmark indices Sensex and Nifty experienced a significant decline, driven by escalating tensions in the Middle East and rising crude oil prices.
The Sports Journalists Federation of India (SJFI) National Convention will be held in Delhi from March 13 to 16, marking its return to the city after 23 years and celebrating the Golden Jubilee of SJFI.
Foreign portfolio investors (FPIs) infused Rs 22,615 crore into Indian equities in February, marking the highest monthly inflow in 17 months, driven by factors such as the interim India-US trade deal, correction in domestic market valuations, and strong corporate earnings.
A 31-year-old YouTuber and garment trader was found dead in Delhi, prompting his family to allege foul play and stage a protest, demanding a thorough investigation into the circumstances surrounding his death.
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