'Tehran senses that the Modi government is inexorably gravitating toward the US-Israeli-Saudi axis, jettisoning India's traditional independent Gulf policies,' notes Ambassador M K Bhadrakumar.
Putin expressed concern over the situation in Gaza, and said Palestinian President Mahmoud Abbas has been invited to BRICS events.
From the Sensex basket, Infosys, IndusInd Bank, Bajaj Finserv, Wipro, HCL Technologies, Bajaj Finance, Tech Mahindra, Tata Consultancy Services, and Larsen & Toubro were the major laggards. Titan Company, Hindustan Unilever, HDFC Bank, Maruti, ITC, Power Grid and Reliance Industries were the gainers.
Israel's military intelligence chief Major-General Aharon Haliva resigned on Monday, citing failure to prevent Hamas's deadly surprise attack last October.
The increase in tension has alarmed the world. Peace, stability and security in this region is of utmost importance to India, the MEA said.
The partial withdrawal would mean that Iran would stop exporting enriched uranium stocks as stipulated by the 2015 agreement.
Stocks in the automotive, financial, cement, metal, and hotel sectors are likely to benefit if the Narendra Modi-led Bharatiya Janata Party (BJP) comes back to power for a third time. The key investment themes have been identified after analysing the Sankalp Patra - the party's manifesto for the next five years - released on Sunday.
From the Sensex basket, Tata Motors, State Bank of India, Tata Steel, Power Grid, NTPC, Bajaj Finserv, Bajaj Finance and Asian Paints were the major laggards.
Following the outbreak, Iran has stopped Indian basmati shipments. This has led to exports already falling 18-20 per cent this fiscal year. Iran and the rest of West Asia account for the largest imports of Indian basmati, and comprise more than 30 per cent of the shipments.
Trump called on Iran to "work together" to eliminate the Islamic State, saying the killing of ISIS chief Abu Bakr al-Baghdadi was "good" for Iran.
The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's decision makers. Naturally, at the sign of a new crisis, the decision makers like to dip into those tumultuous decades to find ways to deal with the new shock, in addition, of course, to expert reports and forecasts. So, the industry bigwigs turned the pages of history to get a peek into the future of oil price movements after Russia invaded Ukraine in 2022, Israel attacked Gaza in 2023, Iran-linked Houthi rebels pounded tankers crossing the Red Sea in support of Palestine the same year, and Iran rained missiles on Israel in 2024.
The President, in a tweet, said that the 52 sites include some 'very important to Iran and Iranian culture'. The tension between US and Iran has escalated since the killing of powerful General of pro-Iran militia in Iraq.
Escalation of the conflict in West Asia between Israel and Iran has had a direct impact on the energy markets, and more broadly on the financial markets as well as the global economy.
Iran's seizure of a British-flagged oil tanker was allegedly due to a collision with an Iranian fishing boat, Iran's official news agency IRNA said.
Indian Ambassador to the US Harsh Vardhan Shringla said India has stopped importing oil from Iran after the United States refused to extend exemption from sanctions earlier this month.
Gold is an excellent asset class for diversification and should be included in all long-term portfolios.
Soleimani, 62, was killed in a US airstrike carried out near the Baghdad international airport on Friday.
Lingering tension and looming war clouds within the region pose grave threats to India's interests. It is therefore imperative for India to try and mediate between the US and Iran, says Alok Bansal.
Iran's decision to keep India out and welcome China to the scene is a huge strategic setback for India, observes Dr Rajaram Panda.
On Tuesday night, Iran launched over a dozen ballistic missiles targeting at least two bases where US military and coalition forces' are stationed in Iraq to 'avenge the killing' of General Qasem Soleimani.
United States President Donald Trump has warned Iran of "major retaliation" if Tehran carries out any attack against America to avenge the killing of top military commander Qasem Soleimani and hinted at striking its cultural sites. His statement came hours after Iran announced it will no longer abide by the limits contained in the 2015 landmark nuclear deal.
'In some areas, overwhelming will mean obliteration. No more John Kerry & Obama!' he said, rejecting the policies of his predecessor Barack Obama and his Secretary of State John Kerry.
Britain is pulling out all its diplomats from Iran, a day after its embassy in the country was stormed by protesters who ransacked the compound, evoking outrage worldwide.
ONGC was the top loser in the Sensex pack, ending 3.48 per cent lower. Tata Steel, Vedanta, Bajaj Auto, TechM, RIL, Hero MotoCorp, Kotak Bank, Axis Bank, and Infosys too fell up to 2.33 per cent.
Modi held several bilateral and trilateral meetings with world leaders.
'A Russia-Iran-China-Pakistan geopolitical grouping is evolving at this point of time.' 'Given that the grouping is in its nascent stages, will this week's terrorist attack in Mirjaveh affect it?' asks Aveek Sen.
Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said. Stock markets will remain closed on Wednesday for Ram Navami. "This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge.
"10 minutes before the strike I stopped it, not proportionate to shooting down an unmanned drone".
As United States President Joe Biden prepares for a rare summit with Chinese President Xi Jinping, the ongoing wars in Ukraine and between Israel and Hamas set the stage for high-stakes discussions, CNN reported on Tuesday.
The pro-Iran militia did not say who was responsible but Iraqi state television reported it was a US air strike.
'The whole team is motivated with what's happening in Palestine, it's a difficult time for all families. But we're professional players, we should keep it up the same way as we've been working in the last few weeks.'
The S&P BSE Midcap and the S&P BSE Smallcap indices have managed to stay afloat in a volatile January that saw the frontline indices hit their respective 52-week high levels and then slip. While the S&P BSE Sensex has lost over 2 per cent thus far in January, the S&P BSE Midcap and the S&P BSE Smallcap indices have gained nearly 2.5 per cent and 4 per cent, respectively during this period.
India's merchandise exports in April 2024 marginally rose to $34.99 billion from $34.62 billion in the year-ago month, according to government data released on Wednesday. Imports too increased to $54.09 billion from $49.06 billion in April 2023.
In return for Pak's gesture, the US has authorised the reinstatement of a military training and educational programme which had remained suspended for 2 yrs. Pak blamed Iran's Maj Gen Soleimani for Baloch militant attacks against its forces.
Most of India's oil supplies are expected to stay safe because of the country's good relations with both Russia and Iran. That would take care of over a third of India's supplies.
Rouhani, who is on his maiden visit, will meet President Mamnoon Hussain and Prime Minister Nawaz Sharif on Saturday and will discuss cooperation on regional and international issues of mutual concern.
Among Sensex stocks, L&T was the top loser, shedding 2.19 per cent, followed by ONGC, Titan, Sun Pharma, Hero MotoCorp and Infosys.
General Soleimani headed the Islamic Revolutionary Guard Corps's Quds Force and also served as Iran's pointman on Iraq.
In a late-night tweet in capital letters, he said Iran must 'never, ever threaten the United States again'.
A step away from nuclear weapons being used in conflicts, warns Colonel Anil A Athale (retd).
