Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
The latest flashpoint in West Asia has derailed India's preliminary plans to resume crude oil imports from Iran, officials said. In January, officials of the Ministry of Petroleum and Natural Gas had told Business Standard that the government had been studying proposals for the same, given that India was trying to expand sources of imports. "We are always monitoring the situation when it comes to crude flows.
When the technology gap between China and India will remain large, cost-effective hardware of the kind that proved their worth in Operation Sindoor should be our priority, points out R Jagannathan.
On the other hand, Bharat Electronics, Kotak Mahindra Bank and Axis Bank were the laggards. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled higher.
Non-resident Indians (NRIs) haven't gone big on the Indian stock market story despite the post-pandemic boom. While domestic participation through mutual funds (MFs) and dematerialised accounts has soared, NRI participation figures show limited signs of a similar rise.
In trade negotiations, as in chess, sometimes you need to accept a temporary disadvantage to secure a better long-term position, points out Sonal Varma, chief economist (India and Asia ex-Japan) at Nomura.
'The condition was getting worse here every minute'
'We will continue supporting those affected long after the work in Ahmedabad is done.'
As per Israeli media, at least four people have been killed and several injured after an Iranian missile struck a residential building in Beersheba.
S&P Global Ratings on Tuesday upped India's GDP growth forecast for the current fiscal to 6.5 per cent, citing lower crude prices, monetary easing and normal monsoon, and said the ongoing geopolitical tensions are unlikely to put a "significant pressure" on the rupee or inflation.
Israeli strikes at multiple targets in Iran; Tehran strikes back at Tel Aviv.
An inconclusive end to this war will pose high risk for Netanyahu of a cascading demand for a regime change in Israel, predicts Ambassador M K Bhadrakumar.
Equity benchmark indices Sensex and Nifty tumbled in early trade on Monday amid heightened tensions in the Middle East after the US bombed three major nuclear sites in Iran. The 30-share BSE Sensex tumbled 705.65 points to 81,702.52 in early trade. The 50-share NSE Nifty dropped 182.85 points to 24,929.55.
At the end of the day, for many worldwide, the ongoing mutual attacks between Israel and Iran would seem a contest devoid of any moral high ground and only a bout between two ordinary adversaries, one that nevertheless risks spinning out of control into a larger conflagration, notes Shyam G Menon.
The Israel Defence Forces (IDF) on Saturday issued a new graphic showing Kashmir as Indian territory, rectifying their previous mistake.
The opposition party reiterated the absolute essentiality of immediate diplomacy and dialogue with Iran.
Scenes from war-torn Iran and Israel.
Trump is confident the US will eventually emerge the winner from whatever turmoil his policies cause, notes T T Ram Mohan.
Brokerage firms on Wednesday appeared divided in their calls on Larsen & Toubro (L&T) after the company's 2023-24 (FY24) October-December quarter (third quarter, or Q3) performance and guidance for the quarters ahead. While few stayed optimistic about the stock over future order inflow prospects, others saw increasing exposure to West Asia and fixed price contracts as a concern. In Wednesday's trade, L&T's share price closed at Rs 3,480 per piece, 4.22 per cent down from its previous day's close.
The Israeli Prime Minister's Office on Tuesday evening noted that after a conversation between United States President Donald Trump and Prime Minister Benjamin Netanyahu, Israel has 'refrained' from further attacks on Iran.
JV to export e-carts, aim for 10% global market share, $1 bn turnover and innovation in driverless tech.
'India is a big market for StanC, and it is also fastest growing economy in the world.'
Israel Defence Forces spokesperson Brigadier General Effie Defrin on Saturday claimed that the Israeli Air Force has achieved aerial freedom of action over Tehran, which is 'no longer immune'.
Glimpses of the damage from Iranian missile attacks on Rishon LeZion, Ramat Gan and Tel Aviv in Israel, June 13 and June 14, 2025.
The BRICS nations condemned the Pahalgam terror attack, advocated for a zero-tolerance approach to terrorism, and criticized rising tariffs during their summit in Rio de Janeiro. They also addressed global challenges and called for reforms in international institutions.
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.
A major escalation unfolded in West Asia on Monday after Iran reportedly launched multiple missiles targeting United States military installations in Qatar and Iraq, including Al Udeid Air Base in Qatar -- the largest US military installation in the region, according to a CNN report.
Hezbollah is upset that the IDF exposed their plans to massacre Israelis, so they decided to target innocent civilians by firing a barrage of rockets, the IDF further said.
Many students are now looking at opportunities in the UK, Australia, and Singapore due to lower cost of living and less interference from the government.
Analysts expect Nifty to rise up by to 6 per cent in six months, with intermittent corrections likely due to global factors.
Amid escalating tensions between Israel and Iran, US President Donald Trump on Monday urged civilians to 'immediately evacuate Tehran', shortly after which the White House announced he would be departing the G7 summit early to 'attend to many important matters'.
Pakistan's record on terrorism is "very clear" and the Pahalgam attack is only the recent example of cross-border terrorism, the ministry of external affairs said on Thursday.
India witnessed the highest increase in airfares among the 10 top aviation markets in the Asia-Pacific and West Asia collectively across both domestic and international flights Q4 2019 and Q4 2022 in nominal terms, according to research by Hong Kong-based Airports Council International (ACI). India, where fares went up by 41 per cent, was followed by the UAE (34 per cent), Singapore (30 (per cent) and Australia (23 per cent). The study, which was undertaken in collaboration with Flare Aviation Consulting, examined around 36,000 routes in the top 10 aviation markets in Asia-Pacific and West Asia.
In an interaction with PTI Videos in New Delhi, Iran's deputy chief of mission to India Mohammad Javad Hosseini also said Americans should "put pressure" and bring the other side back to the negotiating table.
Brent crude oil prices can touch $150 a barrel (bbl) - up a whopping 103 per cent from the current levels - in the worst-case scenario if the Israel-Iran geopolitical tensions escalate, suggest analysts.
Congress general secretary, communications, Jairam Ramesh said the G7 Summit of the presidents of the US and France; the prime ministers of the UK, Japan, Italy and Canada; and the Chancellor of Germany is taking place in Kananaskis in Alberta, Canada, from June 15.
Trump has a major decision to take in coming days -- specifically, how to rescue Israel from the attritional war that lies ahead, points out Ambassador M K Bhadrakumar.
Israel's aerial assault on Iran is widely viewed as an act of naked aggression with no basis in international law, carried out unilaterally despite US opposition and aimed at derailing ongoing US-Iran nuclear negotiations, observes Ambassador M K Bhadrakumar.
'Iranians admire Indian cinema and often mention Amitabh Bachchan and Shah Rukh Khan when you meet them.'
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