Indian equity benchmarks, Sensex and Nifty, ended lower after a spectacular rally, with the Sensex tumbling 931 points, as renewed tensions in West Asia, particularly the risk to the ceasefire deal after Iran closed the Strait of Hormuz, dampened investor optimism.
South India's manufacturing, construction, and services sectors are grappling with severe labour shortages, prompting employers to offer attractive incentives like free air tickets and salary increments to lure migrant workers back from their home states after recent assembly elections.
An encounter occurred between security forces and Maoists in a forest in Jharkhand's West Singhbhum district on Tuesday morning. No casualties were reported in the incident, which took place during a routine combing operation in the Porahat forest near Kedabir village.
Russia's First Deputy Prime Minister Denis Manturov met with Indian leaders to discuss strengthening bilateral ties in key sectors amidst the escalating conflict in West Asia.
Gold prices in the national capital surged by Rs 600 to Rs 1.65 lakh per 10 grams, extending gains for the third consecutive day, while silver rebounded by Rs 5,000 to Rs 2.71 lakh per kilogram, driven by geopolitical tensions and inflation concerns.
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.
External Affairs Minister S Jaishankar and his Iranian counterpart Abbas Araghchi held talks focusing on the West Asia crisis and its impact on energy supplies and maritime stability.
West Bengal Chief Minister Suvendu Adhikari asserted that his government would adopt a 'zero tolerance' policy against vandalism carried out under the guise of religious slogans.
A 13-year-old hearing-impaired boy, missing from his West Bengal home for two years, was reunited with his family through the efforts of a government shelter home in Lucknow, with Aadhaar playing a crucial role in tracing his identity.
A court in Kolkata granted bail to Bangla Pokkho's founder, Garga Chatterjee, who was arrested for allegedly spreading misinformation through social media posts during the West Bengal Assembly elections.
West Bengal's Chief Electoral Officer is reviewing CCTV footage following allegations by the Trinamool Congress that a BJP representative improperly submitted voter enrolment forms. The investigation aims to address concerns about potential violations of electoral regulations and ensure the integrity of the voter list.
The 87th Inter-State Sub-Junior and Cadet National Table Tennis Championships begin in Gandhidham, with 32 teams competing for the boys U-15 title. West Bengal enters as the favourite, while other states like Tamil Nadu and Maharashtra are expected to challenge.
TMC leader Abhishek Banerjee has accused the Congress party of indirectly supporting the BJP in West Bengal, urging voters to reject them in the upcoming elections. He alleged a nexus between the Congress, BJP, and Left parties, claiming that votes for Congress would split the opposition and benefit the BJP.
Indian benchmark indices Sensex and Nifty surged over 1 per cent, with the Sensex jumping 918.60 points, driven by strong buying in banking and financial counters and a positive trend in global equities, fuelled by hopes of easing West Asia tensions.
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.
Analysts warn that global markets are significantly underpricing the risk of an oil price shock, with Brent crude potentially soaring to $150 per barrel if the West Asia conflict escalates or damages critical oil and gas infrastructure. This could lead to severe inflation and economic repercussions, particularly for import-dependent nations like India.
The Islamic Revolutionary Guard Corps (IRGC) on Sunday issued a stark warning that American and Israeli universities in West Asia could be treated as 'legitimate targets' in retaliation for alleged United States and Israeli strikes on Iranian academic institutions and cultural infrastructure.
West Bengal Chief Minister Mamata Banerjee has accused the BJP of attempting to illegally include voters from outside the state in West Bengal's electoral rolls, alleging a coordinated effort to interfere with democratic rights.
A vessel carrying 20,000 metric tonnes of Liquefied Petroleum Gas (LPG) arrived at Deendayal Port Authority in Kandla, Gujarat, after crossing the Strait of Hormuz amid the West Asia crisis.
Sri Lankan President Anura Kumara Dissanayake has announced an economic relief package to mitigate the impact of the West Asia conflict, including fuel price reductions and support from India for petrol and diesel supplies.
The IRGC is the most powerful branch of Iran's armed forces and operates independently of the country's regular military, answering directly to Supreme Leader Ali Khamenei.
Police in West Bengal's North 24 Parganas district discovered and defused 22 crude bombs at a house in the Haroa police station area. Bomb-making materials were also seized, and the house owner is missing as investigations continue ahead of the upcoming assembly elections.
Khamenei urged the pilgrims for unity and called on them to pray for "the liberation of Palestine and Al-Aqsa Mosque, the alleviation of the great hardships afflicting Muslims, and the attainment of ultimate victory against global arrogance."
An Indian national was killed in a missile attack on Riyadh, bringing the total number of Indian fatalities in the West Asia conflict to six. The Indian embassy in Riyadh has expressed condolences and is providing assistance to the family.
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.
Pakistan is hosting a quadrilateral summit of foreign ministers from Saudi Arabia, Egypt, and Turkiye to discuss the conflict in West Asia and explore avenues for peace. The summit includes discussions on regional developments and meetings with Prime Minister Shehbaz Sharif.
Appellate tribunals in West Bengal have only disposed of a small fraction of the appeals filed against decisions made during the electoral roll revision, raising concerns about the efficiency of the process.
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.
Iran on Monday formally rejected a US-proposed ceasefire deal amid the escalating conflict in West Asia, instead unveiling its own 10-point plan aimed at permanently ending the ongoing war, as reported by the Iranian state news agency Islamic Republic News Agency (IRNA).
The Indian rupee depreciated 16 paise to settle at a fresh lifetime low of 96.86 against the US dollar, marking its ninth consecutive session of decline, driven by elevated global crude prices and a strong dollar.
Senior TMC MP Kakoli Ghosh Dastidar has resigned as the Barasat organisational district president, taking 'moral responsibility' for the party's poor performance in the recent West Bengal assembly polls. Her resignation letter and subsequent comments sharply criticised the party's campaign strategy, the influence of election strategist I-PAC, and alleged criminalisation within the party, calling for a return to 'street politics' and engagement with 'honest, old and dedicated workers'.
Union Home Minister Amit Shah addressed rallies in West Bengal, promising to address infiltration issues, resolve the Gorkha issue, and tackle corruption if the BJP wins the upcoming elections.
The United States and Iran could be set to announce an agreement soon to achieve a complete solution to the hostilities in West Asia, as reported by Saudi state media Al Arabiya on Wednesday, citing sources familiar with the ongoing negotiations.
Union Home Minister Amit Shah has criticised the TMC government in West Bengal, alleging that its policies have led to increased infiltration and threaten national security. He framed the upcoming elections as a battle against these issues, promising change if the BJP comes to power.
India's fertiliser subsidy bill is projected to increase by approximately 70,000 crore, reaching around 2.41 trillion in FY27, primarily due to rising import costs exacerbated by the ongoing West Asia crisis.
Indian benchmark indices, Sensex and Nifty, closed marginally higher after a volatile trading session, driven by value buying in IT and select blue-chip counters, despite global crude price hikes and a weak rupee.
Prime Minister Narendra Modi convened a meeting with senior ministers to assess the impact of the evolving situation in West Asia on India's crude oil, gas, petroleum, power, and fertiliser sectors, focusing on ensuring uninterrupted supply and stable logistics.
The CBI has registered an FIR in the alleged murder of Chandranath Rath, an aide to West Bengal Chief Minister Suvendu Adhikari, taking over the investigation from the state police following a request from the state government.
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.
The Election Commission (EC) has suspended a Block Development Officer (BDO) in West Bengal's Nadia district and initiated departmental proceedings against him following violence at a poll training venue where a teacher was allegedly assaulted for objecting to a government advertisement.
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