Iran conflict raises new credit risks for emerging markets, including India: Fitch
NEW DELHI: The Iran conflict could raise additional challenges for some emerging market sovereigns, including India, as far as energy imports, remittances, fiscal subsidies, exchange rates and access to international finance are concerned, said
Iran war impacts India’s $11.8-billion food exports to West Asia
NEW DELHI: Prolonged disruption in West Asia will badly hit Indian farmers, food processors and exporters across several states including Karnataka, Telangana, Andhra Pradesh, Punjab and Maharashtra, as India’s agricultural exports are heavily dependent
UAE tugboat sinks in Strait of Hormuz; 3 Indonesian crew members missing
JAKARTA: Jakarta’s foreign ministry on Saturday (Mar 7) said that three Indonesian crew members were missing after a United Arab Emirates-flagged tugboat sank in the Strait of Hormuz on Friday (Mar 6). The ministry
Gandhidham Chamber urges Shipping Lines to Waive Charges amid Global Shipping Disruptions
GANDHIDHAM: The Gandhidham Chamber of Commerce & Industry (GCCI) has urged global shipping lines and port operators to extend temporary relief to the trade community by waiving several charges that have surged amid the
Why have 1,000 ships at times lost their GPS in the Mideast?
PARIS: The global positioning system (GPS) capabilities of cargo ships, oil tankers and other vessels stuck in the Middle East because of the widening war are likely worse than those in your cell phone.
GPS Jamming rises 55% in a Week in the Middle East Gulf
TEL AVIV (ISRAEL): GPS jamming affected more than 1,650 ships in the Middle East Gulf on March 7, up 55% from the previous week, erroneously placing vessels across land and sea in Kuwait, Iran,
India’s West Coast Ports feel Gulf War Impact as Cargo gets Stranded
MUMBAI/GANDHIDHAM: Exports of containers, rice shipments, LPG imports and bulk cargo such as sulphur and gypsum have been disrupted at India’s key west coast ports — Deendayal Port (formerly known as Kandla in Gujarat)
Pharma exporters brace for Rs 5,000-crore hit as US-Iran war drives up freight costs
NEW DELHI: A total stop to pharma shipments to West Asia this month alone can drain Rs 2,500–Rs 5,000 crore of export value, the Pharmaceuticals Export Promotion Council of India (Pharmexcil) has warned, as freight rates