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Govt weighs options to shield airlines from West Asia crisis
Indian airlines' operational costs are spiralling due to surging...
Near-term outlook remains uncertain with external shocks posing downside risks to growth:Finmin
The geopolitical developments have introduced a complex and...
Indian refiners seek legal view to buy sanctioned Russian oil under US waiver
The world's third-biggest oil importer gets about 40% of its oil imports from the Middle East through the Strait of Hormuz.India has been hit by the stoppage of liquefied natural gas production by Qatar and the disruption to supplies from Abu Dhabi National Oil...
India’s tech state Karnataka bans social media for children under 16
Less than one-quarter of Karnataka's population is under the age of 15, a report of a 2019-20 survey conducted by India's federal health ministry showed. The state has a population of 67.6 million, a 2025 presentation by federal government think tank Niti Aayog...
Markets bleed as crude spikes, Nifty drops 582 pts
The sharp fall in domestic equities comes as crude oil prices surged approximately 25 per cent on Monday to USD 116 per barrel amid the ongoing conflict in Asia, which has raised concerns over inflation and economic growth. "Indian markets are seeing a huge cut in the...
Reinsurers scrap war-risk cover after US torpedoes Iranian ship
Indian insurers and reinsurers have canceled hull coverages in war-affected areas after GIC Re flagged its seven-zone hull war-risk plan, effective March 1. The amended plan designates high-risk waters including Pakistan, the Persian Gulf, and Iran, besides...
Seafarers can refuse to sail through Mideast Gulf region, main union says
As part of negotiated arrangements reached on Thursday between mariners and commercial shipping companies, known as the International Bargaining Forum (IBF), seafarers can refuse to sail into the area, with repatriation at the company’s cost and compensation equal to...
Strait of Hormuz shipping is at near-total halt, JMIC says
A review of shipping signals have confirmed only two commercial transits in the past 24 hours, the Joint Maritime Information Center said in note on Friday. Those crossings were cargo ships rather than oil tankers, according to the multinational naval advisory group...
Commerce, shipping ministries hold consultation meeting amid West Asia tensions; Inter-Ministerial Group for supply chain resilience created
"In this context, the 'Inter-Ministerial Group (IMG) for Supply Chain Resilience' has been created, comprising members from Department of Financial Services, Ministry of External Affairs, Ministry of Shipping, Ports & Waterways, Ministry of Petroleum & Natural...
Middle East Conflict Risks:Global reinsurers shielded by robust capital and earnings
There will be sizable insured losses, and the conflict could have far‑reaching implications for the reinsurance industry.The conflict disproportionately affects specialty lines, a segment that insures complex or high‑risk exposures, including war risk, aviation,...
Black Swan scenarios: Crisis of geopolitical instability and interconnected risks
According to new Allianz Risk Barometer analysis,respondents in Asia Pacific identified a global supply chain paralysis and global internet outrage as the two most plausible Black Swan scenarios; the former is ranked first in China and Hong Kong, Singapore, and South...
Qatar declares force majeure, gas supplies to Indian industry cut amid Iranian strikes
The attacks have also effectively brought oil and LNG shipments through the Strait of Hormuz to a near halt, driving up global energy prices as well as sharply raising war-risk insurance and shipping costs. New Delhi:In a first such event, after Iran has attacked...