place · 14 records
West Asia
Global economic growth outlook weakens amid US tariffs and trade uncertainty
Global economic growth forecasts have been downgraded amid US tariff impositions, a West Asia conflict impacting trade and oil markets, while energy shifts see renewables overtaking coal and the 2026 Commonwealth Games concluded in Glasgow.
Government raises export levies on petrol diesel and aviation turbine fuel
The Indian government increased export levies on petrol to 3.5 rupees per litre, diesel to 24 rupees per litre and aviation turbine fuel to 22 rupees per litre in its latest fortnightly review to ensure domestic availability.
Average LPG cylinder refill times decline for Indian public sector firms
Public sector oil marketing companies in India saw a decline in average LPG cylinder refill times in July 2026 following government interventions amid the West Asia conflict, though levels remained higher than early 2026 figures.
Modi reviews West Asia conflict impact and emphasizes energy sector self reliance
Prime Minister Narendra Modi chaired a Cabinet Committee on Security meeting to review the West Asia conflict's impact on India and emphasize energy sector self-reliance.
Indian gold spending increases by 65000 crore rupees in second quarter
Prime Minister Narendra Modi's appeal to avoid gold buying contrasted with World Gold Council data showing Indian gold spending value rose by 65,000 crore rupees in Q2 2026 despite lower weight demand.
Prime Minister Modi reviews West Asia conflict impact in security meeting
Prime Minister Narendra Modi chaired a Cabinet Committee on Security meeting to review the West Asia conflict's impact on India's supply chains and citizen safety.
Weak monsoon and rising costs impact Kerala umbrella industry sales
A weak monsoon and rising production costs have reduced sales and profit margins for Kerala's umbrella manufacturing industry.
Ambuja Cements reports quarterly revenue of 9500 crore rupees
Ambuja Cements reported Q1 revenue of Rs 9,500 Crore and operating Ebitda exceeding Rs 1,500 Crore despite headwinds from West Asia geopolitical tensions.
Indian stock markets close higher amid IT gains and lower oil prices
Indian stock markets closed higher on July 28, 2026, driven by falling crude oil prices and IT sector gains, despite mixed performance in global markets.
Egg prices rise in Bengaluru due to supply chain disruptions
Egg prices in Bengaluru have risen due to the West Asia crisis, drought, and transport costs, impacting consumers and government school nutrition programs.
Indian stock markets rise over one percent amid global cues
The Indian stock market gained over 1% on July 27th, recovering from a week of declines with Sensex rising over 800 points amid falling oil prices and eased geopolitical tensions.
Pilots association urges suspension of Indian flights to Gulf destinations
The Airline Pilots' Association of India has urged the aviation ministry and DGCA to immediately suspend all commercial flight operations by Indian carriers to Gulf destinations including Dubai and Abu Dhabi due to deteriorating security conditions in West Asia.
India spends 40 percent of annual fertiliser subsidy in early fiscal months
The Indian government has spent nearly 40% of its annual fertiliser subsidy allocation in the first three-and-a-half months of FY 2026-27, with the total bill expected to exceed budget estimates due to elevated global prices and supply chain pressures from the West Asia conflict.
Hines appoints Amit Diwan as head of Asia Pacific and West Asia
Global real assets investment manager Hines has appointed Amit Diwan as Head of Asia Pacific and West Asia, while Jon Tanaka transitions to lead strategic projects in Japan and Korea.