India's EV ecosystem is growing, but remains too underdeveloped to cushion a major oil supply shock.
Based on figures currently listed on the ministry of external affairs web site, a large number of Indians reside across West Asia.
The Indian rupee weakened against the US dollar due to sustained foreign fund outflows and uncertainties in West Asia, although lower crude oil prices and a positive opening in domestic equity markets limited the losses.
18 Indian-flagged vessels with 485 Indian seafarers still remain in the western Persian Gulf region
Indian stock market indices Sensex and Nifty experienced a significant drop in early trade, reversing a three-day rally. The decline was triggered by a sharp increase in crude oil prices, weak global market trends, and continuous outflows of foreign funds.
India's net oil import bill could rise by $56 billion to $64 billion annually assuming global crude averages $110 to $115 per barrel in FY27.
India's merchandise exports experienced a slight decrease in February, while imports surged due to increased gold and silver purchases, leading to a widened trade deficit. The West Asia crisis is expected to further impact trade in the coming months.
Prime Minister Shehbaz Sharif met with Saudi Crown Prince Mohammed bin Salman to express Pakistan's support for the Kingdom amidst escalating tensions in West Asia, reaffirming their mutual defence pact and commitment to regional stability.
Former US President Donald Trump has criticised Iran's stance on the Strait of Hormuz, calling it a form of 'extortion' amid ongoing negotiations for a peace deal. The remarks come as Iran considers imposing transit fees on vessels crossing the strategic waterway.
Pakistan is playing a key role in facilitating talks between the US and Iran, but the future of these negotiations remains uncertain. Despite ongoing diplomatic efforts, no dates have been set for a second round of discussions.
The Indian rupee weakened against the US dollar due to a strengthening dollar, high crude oil prices, and foreign fund outflows amid geopolitical uncertainties.
Chinese President Xi Jinping warned US President Donald Trump that mishandling the Taiwan issue could trigger conflicts between the two countries during wide-ranging talks on trade, Iran, and energy security.
Despite ongoing tensions in West Asia, the successful arrival of the LPG carrier 'Nanda Devi' in Gujarat ensures a steady supply of liquefied petroleum gas to India, highlighting the country's efforts to secure its energy needs.
Iraq's Kurdistan Regional Government (KRG) on Saturday confirmed a drone strike targeting the residence of Kurdistan Region President Nechirvan Barzani in Duhok amid escalating tensions in West Asia, triggering a sharp blame game between the United States and Iran.
The family of an Odisha migrant worker who died in Qatar is appealing to the government for assistance in bringing his body home. The 25-year-old was the sole earner for his family.
Donald Trump defends the recent surge in global oil prices, arguing it's a necessary short-term cost to eliminate Iran's nuclear threat and ensure global security.
Amidst escalating tensions in West Asia, Iran claims to have inflicted heavy casualties on US forces in Dubai, a claim vehemently denied by the US Central Command, raising concerns about regional stability.
Fathali further stated that Tehran has instructed its embassy in India to facilitate the Indian government, ensuring smooth operations amid the ongoing regional conflict.
Iran's supreme leader Mojtaba Khamenei on Wednesday extolled the sacrifice and martyrdom of senior Iranian armed forces leaders as the conflict in West Asia enters into its second month.
Two more Indian-flagged LPG tankers have safely navigated the Strait of Hormuz, ensuring continued cooking gas supply to India amidst regional conflict. These tankers are expected to reach Indian shores soon, following the successful transit of previous vessels.
Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.
Iranian President Masoud Pezeshkian maintained a stance of defensive necessity, noting that Tehran is "forced to retaliate to attacks" but clarified that this does not imply a dispute with neighbouring countries
Iran's Ambassador to Pakistan, Reza Amiri Moghadam, has said there are no ongoing talks between Tehran and Washington, DC, countering United States President Donald Trump's claims of peace overtures.
US President Donald Trump received a red carpet welcome in Beijing for talks with Chinese President Xi Jinping on trade, the Iran war, and other key issues. The visit underscores the importance both nations place on their relationship amid ongoing tensions.
Quinton de Kock lashes out at ICC as England is heading back home ahead of them after T20 WC exit
Former Maldives President Mohamed Nasheed advocates for building democratic institutions over military intervention in resolving international conflicts, particularly in the context of the escalating West Asia crisis. He also discusses the impact of the conflict on the Maldives' tourism-dependent economy and calls for a stronger, more understanding India in the Indian Ocean Region.
Calling such reports baseless, Finance Minister Nirmala Sitharaman said there was no such move under consideration.
The government has assured citizens that there is no need to panic book LPG cylinders, as uninterrupted supply to households is being ensured despite the ongoing conflict in West Asia.
Two Jewish men were stabbed near a synagogue in north-west London, in an attack declared by police as a 'terrorist' incident. A 45-year-old man has been arrested on suspicion of attempted murder.
An Indian-flagged crude tanker safely departed from the UAE's Fujairah after loading oil, despite an attack on the oil terminal. The Indian government is closely monitoring the situation in West Asia to ensure stable fuel supplies and maritime safety.
As the security situation continues to evolve in West Asia and the Gulf region, an Iranian military source has warned the United States against any ground aggression on Iran, calling it a red line and saying a 'surprise' would await US President Donald Trump, Tasnim News Agency reported on Saturday.
Initial reports suggested that shrapnel caused significant damage to the structure; however, no direct missile impact was reported.
Indian bank credit expanded by 16.08 per cent year-on-year in FY26, marking its fastest pace since FY24, while deposits grew by 13.47 per cent, according to RBI data. Experts caution that year-end figures may be inflated due to reporting date changes, but acknowledge strong momentum in corporate, MSME, and retail segments.
Indian equity benchmark indices Sensex and Nifty tumbled over 1 per cent for the third consecutive day, driven by a sharp rally in crude oil prices, massive selling in IT stocks, and unabated foreign fund outflows amid ongoing geopolitical tensions in the Middle East.
A NITI Aayog report indicates that India's digital public infrastructure (DPI) initiatives could contribute 4 per cent of the GDP by 2030, a significant increase from the current 1 per cent.
Iran's Supreme Leader Ayatollah Ali Khamenei claims a new chapter is emerging in the Persian Gulf due to the 'shameful failure' of the United States in the region, citing shifting regional dynamics and weakening foreign influence.
'Iran cannot trust the USA because it considers the USA to be Israel-controlled. And no, the IRGC is not going to accept anything else but major US concessions.'
While investors would focus on the results and guidance for the third quarter of financial year 2025-26 (Q3FY26) in the normal course of business, the US-Israeli attack on Iran and the latter's retaliation at Gulf allies of the US has forced them to weigh the consequences of the event.
Chinese foreign ministry spokesperson Mao Ning said that the country believes that dialogue and negotiation are the only viable solutions to resolving disputes and that the continued escalation of the conflict serves no one's interests.
The US military is considering a new wave of military operations in Iran, including potential strikes on infrastructure and securing Iran's stockpile of enriched uranium, amid a fragile ceasefire and stalled nuclear talks.
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