India has capped gold imports under the Advance Authorisation scheme at 100 kg, a day after significantly increasing import duties on precious metals. This move aims to tighten conditions for duty-free gold imports by jewellery exporters and curb non-essential imports amidst a ballooning import bill.
External Affairs Minister S Jaishankar has emphasised India's commitment to safe maritime transit and condemned attacks on merchant shipping amidst the ongoing West Asia conflict and global energy market disruptions.
'PM Modi is trying to reduce the volume of fuel consumed instead of raising prices sharply.'
Prime Minister Narendra Modi addresses the Rajya Sabha, detailing India's strategies to navigate the global energy crisis sparked by the West Asia conflict, including securing diverse energy sources and expanding strategic oil reserves.
India U17 team will look to bounce back from their defeat against Australia as they face Uzbekistan in their final Group D match of the AFC U17 Asian Cup Saudi Arabia 2026 campaign.
The Competition Commission of India (CCI) has approved the acquisition of a stake in AI acceleration cloud provider Neysa Networks by Blackstone-backed private equity funds and other investors, following Neysa's announcement of a USD 1.2 billion capital raise.
Indian compound archers achieved remarkable success at the Asia Cup-World Ranking Tournament Stage 1, securing gold in the mixed team event, silver in the women's team event, and a clean sweep in the men's individual category.
Fitch Ratings has warned that India's oil marketing companies (OMCs) could face significant credit pressure if crude oil prices remain elevated, leading to eroded earnings and increased working capital needs due to delayed fuel price pass-through.
The Indian government is considering additional relief packages for vulnerable sectors like MSMEs to mitigate the impact of the ongoing West Asia crisis on the economy and inflation.
The Indian rupee plummeted to an all-time low of 95.80 against the US dollar, settling at 95.66, driven by elevated crude oil prices and escalating geopolitical tensions in West Asia, despite potential RBI intervention and import curbs on gold.
The Indian government has imposed a new windfall gains tax of Rs 3 per litre on petrol exports, while simultaneously reducing the levy on diesel to Rs 16.5 per litre and aviation turbine fuel (ATF) to Rs 16 per litre, effective May 16.
Sharp differences between Iran and the UAE over the West Asia conflict were on full display during the BRICS foreign ministers' meeting in New Delhi, signalling the challenges the bloc faces in reaching a consensus position on the crisis.
India's U17 women's football team lost 0-2 to Australia in their opening match of the AFC U17 Women's Asian Cup in Suzhou, China. Theodora Mouithys scored for Australia, and an own goal by Abhista Basnett sealed India's defeat.
An expert from the ICMR's National Institute of Virology addresses concerns about hantavirus cases detected on a cruise ship, stating there is no immediate public health threat to India and that the cases appear isolated.
Indian archers secured two bronze medals and advanced to the finals of the men's recurve and women's compound team events at the Asia Cup World Ranking Tournament Stage 1 in Bangkok.
The family of Dixit Solanki, an Indian seafarer killed in a suspected attack on a merchant vessel off the coast of Oman, has filed a petition in the Bombay High Court seeking the return of his mortal remains.
Ongoing geopolitical tensions in West Asia have slowed deal momentum in Dubai's luxury residential market, but Indian high-net-worth individuals (HNIs) are not exiting their marquee assets, with any 'discounted' resale deals attributed to investor liquidity stress rather than geopolitical flight.
Gaming company Roblox has appointed Sunil Rao, a former Amazon Web Services executive, as Managing Director for its India operations. Rao will oversee Roblox India's strategy, working with local teams and partners to strengthen the company's presence and support the creator ecosystem.
Prime Minister Modi has urged citizens to adopt measures like judicious fuel use, postponing gold purchases, and deferring foreign travel to strengthen India's economy in the face of the West Asia conflict's adverse impact.
Analysts predict that developments in West Asia and their impact on crude oil prices will heavily influence investor sentiment in the upcoming week. Global market trends, foreign investor activity, and rupee-dollar movement will also play a role.
India on Tuesday expressed deep concern over the escalating conflict in Iran and the Gulf region, urging all sides to exercise restraint and prioritise civilian safety.
A Marshall Islands-flagged LPG carrier, MT Sarv Shakti, carrying Indian cargo, has safely crossed the Strait of Hormuz on Saturday and is expected to reach Visakhapatnam on May 13, according to official sources.
A tanker carrying liquefied petroleum gas (LPG) for India has successfully navigated the Strait of Hormuz and is en route to Visakhapatnam, India, carrying enough cargo to meet half a day's requirement for the country.
Russian President Vladimir Putin and Chinese President Xi Jinping have reaffirmed their commitment to dismantling global hegemonism and building a 'multipolar world' during high-level talks in Beijing.
Ayush Shetty of India won a silver medal at the Badminton Asia Championships after losing to China's Shi Yu Qi in the final. Despite the loss, it was a successful tournament for the young player, who defeated several top-ranked opponents.
Air India, IndiGo and SpiceJet have told the government that the country's airline industry is under extreme stress and on the verge of "stopping operations", as they sought revision in ATF pricing and financial support.
'Historically, India has depended on the Middle Eastern Gulf for nearly 90 per cent of its LPG imports. Shifting to alternative suppliers is not something that can happen quickly.'
Indian archers delivered a strong performance at the Asia Cup-World Ranking Tournament Stage 1, securing gold in the mixed team compound event and silver in the women's team compound event, along with a clean sweep in the men's individual compound category.
Foreign investors have withdrawn a record Rs 1.14 lakh crore from Indian equities in March, driven by geopolitical tensions, a weakening rupee, and concerns about crude oil prices.
Airfares to Southeast Asia have surged 25 to 30 per cent, driven by high demand and limited airline seat capacity.
Maharashtra Chief Minister Devendra Fadnavis rode a motorcycle to work following Prime Minister Modi's appeal to cut down fuel consumption amid the ongoing conflict in West Asia.
Amidst the escalating conflict in West Asia, India is actively engaged in diplomatic efforts to protect its energy security interests and ensure the safety of its diaspora in the region.
Congress leader Rahul Gandhi has criticised Prime Minister Narendra Modi's call for citizens to make economic sacrifices in response to the West Asia conflict, calling it 'evidence of failure'. Gandhi accused Modi of shifting responsibility onto the public and being incapable of running the country.
India secured a dominant 5-0 victory over Australia in their Group A tie at the Thomas Cup Finals, earning them a place in the quarterfinals.
India's defence expenditure surged to $92.1 billion in 2025, making it the world's fifth-largest military spender, according to SIPRI data. This 8.9 per cent year-on-year rise was primarily driven by operational and procurement needs following heightened regional tensions with Pakistan in May 2025.
Prime Minister Narendra Modi has appealed to citizens to adopt austerity measures, including avoiding destination weddings abroad and reducing edible oil consumption, to mitigate the impact of the West Asia crisis on India's economy.
The Supreme Court has decided to hear cases exclusively through video conference on Mondays and Fridays. Judges have also resolved to encourage car-pooling arrangements amongst themselves in order to ensure optimum fuel utilisation.
Petrol and diesel prices in India have been increased by Rs 3 per litre each, marking the first rate hike in over four years. This decision follows a period of stable prices during recent state elections, despite rising global crude oil prices and significant losses for fuel retailers.
koda Auto Volkswagen India aims to capture a 5 per cent share of India's passenger vehicle market by 2030, driven by new product launches, including alternate fuel vehicles, and a potential entry into the high-volume sub-4 metre SUV segment.
India secured an unassailable 3-1 lead against Canada in their opening Group tie of the Thomas Cup Finals, with key wins from Ayush Shetty and the doubles pair of Satwiksairaj Rankireddy and Chirag Shetty.
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