New Delhi: Amid the ongoing war in West Asia and ships stranded in the Strait of Hormuz, India may consider setting up a protection and indemnity (P&I) club for shipping lines and vessels. Addressing the media on the developments, Rajesh Kumar Sinha, special secretary, ministry of ports, shipping and waterways, said his ministry is in…
Multiple drone attacks continued to rock United Arab Emirates’ energy facilities on Tuesday. The UAE’s General Civil Aviation Authority recently announced temporary and full closure of the country’s airspace. This comes as “an exceptional precautionary measure” as Iranian drones and missiles batter energy infrastructure around the Persian Gulf in the third week of war with…
New Delhi: Amid the escalating war in West Asia and the closure of the Strait of Hormuz, India has offered relief to shipping and cargo owners, allowing stranded vessels to temporarily dock at its ports at reduced charges, including anchorage fee, berth hire and storage charges, Rajesh Kumar Sinha, special secretary in the ministry of…
However, the current episode appears broader in scope, with several investors witnessing simultaneous double-digit declines. “After strong gains in the broader market over the past few years, Indian equities are undergoing a phase of correction. High-beta sectors, especially in the mid- and small-cap space, have seen sharp cuts of 15–20% from recent highs,” said Kunal…
The conflict between US and Israel on one side and Iran on the other has crossed the two-week mark, and peace remains nowhere in sight with both Washington and Tel Aviv indicating that fighting will rage on for at least a few more weeks. Meanwhile, trade through the crucial Strait of Hormuz has come to…
The heat of war that broke out in one corner of the world has now started reaching the quiet valleys of Uttarakhand and the homes of the capital Dehradun. The ongoing war and instability in West Asia has had a direct impact on the city’s LPG supply. For the last few days, there is a…
BANGKOK, March 10 (Reuters) – Thai Prime Minister Anutin Charnvirakul has ordered civil servants to conserve energy amid an energy squeeze brought on by the conflict in the Middle East, a government spokesperson said on Tuesday, with measures including suspending overseas trips and using stairs instead of elevators. “The prime minister ordered that starting from…
Former Delhi chief minister Arvind Kejriwal on Friday sought to know from Prime Minister Narendra Modi if Iran has given an assurance that Indian ships would be allowed to pass through the Strait of Hormuz. The Aam Aadmi Party (AAP) chief’s remarks came hours after Prime Minister Modi spoke with Iranian President Masoud Pezeshkian over…
Prime Minister Narendra Modi spoke with Iranian President Masoud Pezeshkian on Thursday to discuss the escalating situation in West Asia, expressing concern over rising tensions, civilian casualties and damage to infrastructure in the region. PM Modi said in a post on X that the conversation focused on the “serious situation” unfolding in the region amid…
The South Africa and West Indies cricket teams will depart India within the next 24 to 36 hours, after their return home from the T20 World Cup 2026 was delayed amid the ongoing West Asia conflict, the International Cricket Council (ICC) said in a statement today. West Indies’ elimination from the T20 World Cup was…
