West Asia conflict and El Nino pose demand risks; inflationary pressure may impact earnings of India Inc. in the near term: ICRA
NEW DELHI: Rating agency ICRA projects India Inc. to witness moderation in its revenue growth to mid-to-high single digit in Q1 2026-27 (against a 13.2% YoY growth in Q4 2025-26) and a contraction in
Iran-US peace deal expected in Geneva to include Hormuz reopening, ceasefire extension: Reports
WASHINGTON DC: Despite Iranian officials maintaining that reports of a deal with the US to end the conflict in West Asia remain “merely speculation”, a memorandum of understanding between Tehran and Washington is expected
‘Restrictions in, around Strait of Hormuz causing instability across world’: UN Chief reiterates call for complete ceasefire
GENEVA: United Nations Secretary General Antonio Guterres on Thursday reiterated the call for an immediate ceasefire and the restoration of navigational rights in and around the Strait of Hormuz.Highlighting how the restrictions on navigational
US CENTCOM confirms strikes on MT Jalveer carrying 20 Indian seafarers off Omani coast
FLORIDA: The US Central Command (CENTCOM) on Thursday confirmed that American forces had struck the Guinea-Bissau-flagged oil tanker MT Jalveer, carrying 20 Indian seafarers, in the Gulf of Oman, claiming that the ship had
“We’re going to be attacking them very hard”: Trump vows renewed strikes on Iran
WASHINGTON DC: US President Donald Trump on Wednesday (local time) said that the United States would resume attacks on Iran, as he voiced frustration over Tehran’s delays in concluding the deal with Washington. Speaking
PM Modi, Kuwait’s Amir hold talks on West Asia situation
NEW DELHI: Prime Minister Shri Narendra Modi on Tuesday held a telephone conversation with the Emir of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al Sabah, the Prime Minister’s Office said in a statement. The two
US forces shoot down two Iranian attack drones in Strait of Hormuz amid fresh escalation
FLORIDA: The United States military has intercepted and destroyed two Iranian attack drones that posed an immediate hazard to commercial shipping lanes in the Strait of Hormuz, according to an official statement by the
Container freight market tightens as carriers impose new surcharges and GRIs
Global shipping markets remained under significant pressure at the beginning of June 2026 as continued disruption in the Gulf region matched with an earlier than expected peak- season demand surge. The combination of heightened