Several non-banking financial companies (NBFCs) are observing an increase in early-stage delinquencies within their micro, small and medium enterprises (MSME) loan portfolios, primarily driven by supply chain disruptions and escalating raw material costs exacerbated by the ongoing conflict in West Asia.
Pakistan is set to host a quadrilateral summit of foreign ministers from Saudi Arabia, Egypt, and Turkiye to discuss the ongoing conflict in West Asia and explore avenues for peace negotiations.
The Reserve Bank of India (RBI) has maintained its benchmark policy rate at 5.25 per cent for the fourth consecutive meeting, prioritising clarity on inflation trends, particularly concerning energy costs and geopolitical developments.
The national football federations of Serbia, Sweden, and Wales have withdrawn their support for FIFA President Gianni Infantino's re-election bid, with England's FA also expected to follow suit, intensifying the backlash against him following a failed plan to sell a stake in the World Cup to private investors.
Prime Minister Narendra Modi spoke with Israeli Prime Minister Benjamin Netanyahu to discuss the escalating situation in West Asia, conveying India's concerns and emphasizing the importance of civilian safety. The conversation follows recent attacks and heightened tensions in the region.
'Applying AI to change the lives of Indians and at population scale -- just like we did with DPI [digital public infrastructure] -- is really where it's going to go.'
Dinesh Trivedi's success or failure in this fragile diplomatic equilibrium will have consequences extending well beyond the Indian high commission in Dhaka. It will shape India's eastern strategic environment for years to come.
The International Cricket Council has announced significant format changes for the 2027 ODI World Cup and the 2028 T20 World Cup, aiming to increase competitiveness and consequence in both tournaments. The 2027 ODI World Cup will feature a Super Series and Super 7 stage, while the 2028 T20 World Cup will introduce a Super 10 stage after the group phase.
West Bengal Chief Minister Suvendu Adhikari has assured the All India Football Federation of full government support to host India's biggest-ever international football fixture against five-time World Cup champions Brazil in Kolkata on October 3. This historic match will be India's first against a top-five FIFA-ranked nation, offering crucial exposure to the national team despite initial concerns over crowd management.
Pakistan's Punjab government has announced the reopening of all public and private educational institutions after implementing fuel-saving measures due to the conflict in West Asia. The decision comes as fuel supply stabilises and the government secures national fuel stocks.
Amid rising tensions in West Asia, China is urging all parties to cease military operations, following Trump's appeal for help in securing the Strait of Hormuz.
Modi said that the West Asia crisis has been going on now for more than three weeks and is having a very adverse impact on the global economy and on people's lives. He said the entire world is urging all parties for the earliest resolution of this crisis.
India's position appears to be anchored around three red lines: Hasina's safety and the guarantee of a fair trial; assurances that Bangladeshi territory will not be used for activities hostile to India; and the restoration of an inclusive democratic process in Bangladesh.
The ongoing conflict in West Asia is severely disrupting Bikaner's food exports, causing delays, rising costs, and impacting the supply of popular snacks like bhujia and papad to Gulf and European markets.
Early and premature menopause can heighten risks of cardiovascular disease, osteoporosis, metabolic disorders, cognitive decline, depression and early death and are major public health concerns. The conditions also seriously affect a woman's quality of life.
Indian tennis legend Leander Paes has been appointed Player Ambassador of the Asian Tennis Federation (ATF). In this role, Paes will work to promote tennis across Asia, mentor young players, support grassroots development, and represent the federation at international events, aiming to inspire the next generation of athletes.
Russian President Vladimir Putin has offered his support to help bring peace to West Asia, praising the Iranian people for their resilience. This comes as Iran seeks to resolve the conflict with the US, following discussions with Pakistani and Omani leadership.
Iran's Islamic Revolutionary Guard Corps (IRGC) on Thursday claimed it had struck the US Al-Azraq air base in northern Jordan with 10 ballistic missiles on what it described as an "enemy command and control centre in West Asia" in retaliatory strikes in response to a recent attack on Tehran by Washington.
India's exports increased by 15.5 per cent to USD 40.41 billion in June, but the trade deficit significantly widened to a record USD 30.43 billion due to a 31 per cent surge in imports.
Prime Minister Narendra Modi addressed concerns about the impact of the West Asia conflict on India, assuring efforts to minimise its effects and prioritising the safety of Indian citizens working in the region. He also criticised the Congress party for making remarks that could endanger Indian lives for political gain.
Europe has overtaken Asia as India's biggest arms supplier, reflecting New Delhi's evolving defence procurement strategy.
Iran's Supreme Leader Mojtaba Khamenei will not attend his father, former Supreme Leader Ali Khamenei's, funeral due to security concerns stemming from Israeli threats. This decision follows a sharp warning from Iran's Foreign Minister to the United States, urging it to control Israel after its Defence Minister reportedly marked Khamenei for death. The incident highlights escalating tensions and ongoing diplomatic efforts to de-escalate hostilities in West Asia.
The World Bank has affirmed India's strong position to withstand the current global energy shock, citing high foreign exchange reserves, fiscal space, and low inflation as key buffers supporting continued growth despite international headwinds.
Prime Minister Narendra Modi addressed the Indonesian parliament, emphasising India's commitment to development over expansionism and advocating for a free, open, and inclusive Indo-Pacific. He highlighted the strong historical ties between India and Indonesia, calling for enhanced cooperation in various sectors, including defence, technology, and counter-terrorism, amidst growing concerns over regional security.
India has lodged a 'strong protest' with Iran over recent strikes on commercial vessels in the Strait of Hormuz, which resulted in the death of one Indian sailor and injuries to several others, calling for an immediate cessation of hostilities and a return to diplomatic engagement.
Indian wedding bookings to Sri Lanka are projected to grow 20-25 per cent annually over the next few years.
The Cabinet Committee on Security (CCS) has reviewed the evolving situation in West Asia, directing departments to assist Indian nationals affected by recent developments and emphasizing the need for dialogue and diplomacy.
The Ministry of External Affairs (MEA) has confirmed the deaths of six Indian nationals and one missing person amidst the escalating conflict in West Asia, detailing ongoing efforts for repatriation and diplomatic engagement.
The harsh truth is that the US is no longer a reliable partner, cautions Ramesh Menon.
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.
Indian stock market indices closed on a mixed note, with the Sensex gaining 374 points driven by buying in Reliance Industries and ICICI Bank, while the Nifty remained flat. This divergence is attributed to a new Closing Auction Session (CAS) mechanism introduced by stock exchanges, impacting market liquidity and price discovery.
Pakistan Prime Minister Shehbaz Sharif clarified that the recent Memorandum of Understanding (MoU) signed between the US and Iran does not include provisions regarding Tehran's ballistic missile programme. This statement followed talks with Iranian President Masoud Pezeshkian, with Sharif emphasising Iran's right to its defence capabilities and Pakistan's role as a mediator in the US-Iran peace process.
Citizens and residents across the Gulf region are preparing for Eid amidst regional conflict, impacting festivities and daily life.
Prime Minister Narendra Modi spoke with Iranian President Masoud Pezeshkian to discuss the escalating tensions in West Asia, emphasising the safety of Indian nationals and the need for regional stability through dialogue and diplomacy.
Gianni Infantino's bid for a fourth term as FIFA president faces challenges from traditional football powers, but his strategy relies heavily on the support of smaller, emerging nations that benefit significantly from FIFA's development grants.
Ayatollah Ali Khamenei was killed in US-Israeli strikes on February 28.
Highly-placed sources in the Assam police said that several jihadi elements from different areas of Assam were working for terror outfits after undergoing training.
Amidst escalating tensions in West Asia, India voices strong concerns over the safety of its nationals and the potential disruption to energy supplies, urging dialogue and diplomacy for a swift resolution.
The global players' union, FIFPRO, has strongly criticised FIFA President Gianni Infantino, accusing him of 'profound abuse of presidential power' following the secretive development and subsequent shelving of the 'FIFA Forward Enterprise' plan, which aimed to privatise the FIFA World Cup.
The Ministry of External Affairs has confirmed that nearly 880 Indian nationals, including students, have been evacuated from Iran via Armenia and Azerbaijan due to the ongoing conflict in West Asia.
