"The Central Government has assessed that the ongoing conflict in the Middle East has resulted in the "disruption of liquefied natural gas shipments through the Strait of Hormuz", which has led to suppliers invoking force majeure clause which would entail diversion of natural gas to the prio
New Delhi [India], March 10: At a time when the world is navigating geopolitical uncertainty, supply chain disruptions, and economic realignments, food security and food trade have become more critical than ever. In such a global environment, platforms that strengthen trade partnerships and
Iran's IRGC has rejected US President Donald Trump's claim that the conflict will end "soon", asserting it will "determine" the war's conclusion. Tehran warned it would halt all regional oil exports if attacks continue, while Trump threatened to hit Iran "twenty times harder" if global su
The Ministry of Petroleum and Natural Gas issued orders to oil refineries to increase Liquefied Petroleum Gas (LPG) production and directed that such additional output be channelled specifically for domestic use. This decision follows recent geopolitical disruptions that created constraints
Iran's Ambassador to India, Mohammad Fathali, has emphasised the resilience of the country's governance system, stating that Iran continued to function smoothly even under war-like conditions. He said public services and wartime management proceeded without disruption, demonstrating that the
Russian President Vladimir Putin received a telephone call from US President Donald Trump, where the two leaders discussed the conflicts in Iran and Ukraine, Russia Today reported, citing Kremlin aide Yuri Ushakov.
Indian carriers, Akasa Air and SpiceJet, have announced continued and additional flight operations to support passenger travel between India and the Gulf region as airlines adapt to disruptions caused by the ongoing West Asia conflict and airspace restrictions in the region.
In view of the geopolitical disturbance in the Middle East, the Ministry of Ports, Shipping and Waterways (MoPSW) has issued a Standard Operating Procedure (SoP) for major ports to address potential disruptions and ensure smooth handling of affected cargo and vessels.
The escalating conflict in West Asia and disruption of flows through the Strait of Hormuz could have significant implications for India and the global economy, potentially pushing crude oil prices higher and adding to inflationary pressures, according to Anindya Banerjee, Head of Commodity a
In light of the evolving geopolitical situation in the Middle East, Nasscom has issued another advisory to member companies, urging heightened vigilance and preparedness across business continuity and cybersecurity frameworks. While business operations currently remain stable, organizations
The global automobile industry is facing structural headwinds including tariff-related pressures, elevated raw material costs, and persistent supply chain disruptions. A recent report by Elara Securities noted that shortages of memory chips have emerged as the latest challenge impacting prod