Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.
'The drought situation of Maharashtra is more severe than in 1972.'
The ongoing US conflict with Iran has cost the Trump administration an estimated $45.1 billion, according to a Pentagon estimate provided to the US Congress on Friday, CNN reported, citing two sources familiar with the matter.
Economy passengers are paying more year-on-year while business travellers are paying less.
The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.
External Affairs Minister S Jaishankar stated that India is in continuous dialogue with both Ukraine and Russia, seeking ideas and suggestions to mitigate or cease the ongoing conflict. Following his visit to Kyiv, Jaishankar reiterated India's stance that the war must end through dialogue and diplomacy, emphasising that trade decisions like oil purchases are not the solution to the conflict.
India's wholesale price-based inflation surged to 11.39 per cent in September, up from 9.92 per cent in August, primarily driven by increasing prices of food, manufactured items, and fuel and power.
US President Donald Trump has defended a controversial diesel deal with Russia, stating it aims to stabilise the global market despite bipartisan criticism from US lawmakers. The deal, which eases sanctions on Russian diesel shipments until April 2027, has been criticised as a "gift to our adversary" that finances Russia's war efforts and offers little relief to Americans.
Former President Donald Trump's recent deal with Russia to supply diesel to the US and global markets has ignited a political firestorm, drawing sharp criticism from Ukraine's President Volodymyr Zelenskyy, Democratic leaders, and a segment of Republicans, despite the US Treasury lifting sanctions on Russian diesel supplies.
US President Donald Trump has announced an immediate "energy ceasefire" between Russia and Ukraine, noting that both the warring nations have agreed to the truce.
Marine war-risk premiums for West Asian shipping routes, particularly the Red Sea corridor, have surged by as much as 200 per cent due to renewed geopolitical tensions, with some high-risk transits seeing increases of over 1,000 per cent, according to industry brokers.
Fighting in Yemen has intensified as Houthi rebels advance on strategic government-held areas like Marib and Taiz, putting pressure on Saudi Arabia to respond. The conflict is also linked to wider US-Iran tensions affecting shipping in the Strait of Hormuz, with former US President Trump commenting on the situation.
The Indian Navy is enhancing its operational capabilities across all domains, including air, underwater, AI, and quantum technology, to become a multi-domain network force. Vice Chief of Naval Staff, Vice Admiral Ajay Kochhar, highlighted lessons from recent conflicts, the exploration of directed-energy weapon systems, and significant procurement plans, including 42 new platforms on order and RFPs issued for LPDs and next-generation frigates. The Navy's focus on indigenous innovation and technology absorption, guided by "scale, sophistication, speed, and spiral development," aims to meet evolving operational requirements and protect maritime interests, especially amidst ongoing global crises.
From Lakshya to Shershaah, revisit 10 Hindi films and shows that captured the courage, sacrifice and emotional cost of the 1999 Kargil War.
The US military has lost at least 45 MQ-9 Reaper drones during the conflict with Iran, representing a quarter of its fleet and a significant financial blow. These losses, some due to communication failures, raise questions as India recently signed an agreement to procure 31 of these drones.
The flydubai near-tragedy showed how the gratuitous conflicts their governments started in West Asia have made the world unsafe for them (and unfortunate co-passengers of other nationalities), points out Kanika Datta.
Donald Trump expressed confidence in a swift victory over Iran, suggesting military strikes before midterm elections are possible, with the primary goal of denying Tehran nuclear weapons. Meanwhile, Iranian Foreign Minister Seyyed Abbas Araghchi declared readiness for a "doomsday war" if hostilities resume, while also expressing openness to diplomacy if assets are unfrozen and oil sales allowed.
Eight workers were killed and 12 injured when a speeding car ran them over on the Lehragaga-Jakhal road in Sangrur, Punjab, on Sunday. The incident, which occurred near Alisher village, involved workers engaged under the VB-G RAM G scheme. Allegations of significant ambulance delays have emerged. Punjab Chief Minister Bhagwant Mann announced Rs 2 lakh compensation for the deceased's families and free treatment for the injured, promising swift arrest of the absconding driver.
Leading appliance and consumer electronics manufacturers are set to increase prices of air conditioners, LED TVs, washing machines, and other products by 5 to 8 per cent from October 1, citing rising input costs for metals like copper and steel, crude derivatives, and currency exchange volatility due to the West Asia crisis.
On the 25th anniversary of that world-changing morning in New York, it is also for the rest of to reflect. Not only on those who were killed but also on why the event happened and what led to it and what came after it, asserts Aakar Patel.
India's leading IT companies are anticipated to report subdued revenue growth and largely stable margins for the July-September quarter, as clients maintain tight discretionary budgets, with analysts closely watching the conversion of strong bookings into revenue and the impact of AI on traditional services.
India's wholesale price-based inflation (WPI) increased to 9.92 per cent in August, up from 9.78 per cent in July, primarily due to rising prices across food, manufactured items, and fuel and power sectors.
'In fact, when monetary policy has been deployed, it does not distinguish between types of shocks. It goes straight for the kill.'
A new report by Motilal Oswal Financial Services Ltd (MOFSL) indicates that inflation, interest rates, and monetary policy have become more significant drivers of gold prices than traditional geopolitical conflicts, with markets increasingly focusing on these economic factors.
'The way the government behaves, sometimes I ask myself: Are not Tamils Sri Lankans too? Why do you discriminate so much?'
Foreign portfolio investors (FPIs) have withdrawn nearly Rs 5,109.21 crore from Indian government securities under the fully accessible route (FAR) in just three days, driven by global uncertainty, elevated crude prices, rising US Treasury yields, and a depreciating rupee.
India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.
It is important to understand that the rupee's appreciation, driven by the 2013 special swap scheme, reduced India's import costs for petroleum, oil, and gold, points out Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.
New photographic evidence and a Pentagon inspector general's report confirm extensive damage to US military installations across the Middle East due to Iranian missile and drone strikes. The report details billions in financial costs, structural losses to hundreds of buildings, and damage to dozens of aircraft, contradicting previous assertions about US military readiness and ordnance stockpiles. The conflict also led to disruptions in the Strait of Hormuz, impacting global oil prices.
A lesson for India is to clearly define objectives beforehand, so that the adversary or other parties do not attempt to mitigate them midway.
The Indian rupee experienced its sharpest single-day decline in eight weeks, settling at 94.83 per dollar, primarily due to escalating crude oil prices and persistent risk-off sentiment driven by heightened geopolitical tensions and limited foreign inflows.
Donald Trump announced a landmark agreement with Venezuela, claiming it to be the 'biggest oil deal in world history'. The deal reportedly grants the US majority control over more than 65 billion barrels of Venezuela's proven crude oil reserves, aiming to double American oil reserves and lower domestic gasoline prices.
The Defence Acquisition Council, led by Defence Minister Rajnath Singh, has approved the procurement of military hardware worth an estimated Rs 1.10 lakh crore for the Indian Army, Navy, and Air Force. This significant move aims to enhance India's combat prowess and reduce dependency on foreign vendors, with approximately 98 per cent of procurements sourced from Indian industry.
The Israeli Finance Ministry has warned that the ongoing war with Iran could cost Israel an estimated NIS 9.4 billion (USD 3 billion approximately) per week under current restrictions on economic activities.
Moody's Ratings has sharply increased India's GDP growth forecast for fiscal 2026-27 to 7 per cent, making it the fastest among G20 economies, driven by economic resilience despite the Middle East conflict. However, the agency flagged significant inflation risks stemming from elevated oil prices and potential El Nino disruptions.
The UK has successfully test-fired a US torpedo from an undersea drone, marking a significant advancement in submarine technology for the AUKUS partners (UK, US, Australia). This development coincides with Prime Minister Andy Burnham's visit to the UN General Assembly, where he is discussing global challenges like AI, the Ukraine conflict, and West Asia security with international leaders, and announced the UK will host the G20 Leaders' Summit in Manchester next November.
Dabur India reported a steady performance in Q1 FY27 with 10.6 per cent year-on-year revenue growth, a 12-quarter high, driven by broad-based gains across India and international businesses. However, volume growth, particularly in beverages due to unseasonal rains, and concerns over monsoon impact on rural demand remain key challenges.
The International Monetary Fund (IMF) has reduced India's growth forecast for FY27 to 6.4 per cent, citing the potential impact of higher energy prices offsetting the country's economic resilience. Despite this, India remains among the fastest-growing major economies.
Pakistan's government is exploring measures, including potential smart lockdowns and austerity, to reduce petroleum consumption. This comes after recent fuel price hikes driven by rising global oil prices and West Asia tensions, which have also raised concerns about oil supply disruptions. The government is also implementing a fuel relief scheme and faces public pressure over the price increases.
The Sports Ministry has invested over Rs 702 crore in the last three years to prepare Indian athletes for the upcoming Asian Games in Japan, featuring 310 debutants.
