Market News
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Global oil markets on edge as West Asia unrest triggers new energy shockwave
Crude oil prices have surged to near one-year highs as escalating conflict in West Asia threatens key supply routes, particularly the Strait of Hormuz. Rising geopolitical risks, refinery disruptions and tanker delays are pushing prices higher, raising inflation concerns and creating economic vulnerabilities for major Asian importers, including India, China, Japan and South Korea.
IndiGo, Air India have more women pilots than global average
IndiGo and Air India report significant female pilot representation, with 17.5% and 16% respectively, exceeding global averages. These figures highlight the growing presence of women in aviation roles, with both airlines also showcasing strong female participation across various departments and leadership positions.
Industrial users stare at propane, natural gas shortage after Qatar halted production
Indian industries face potential propane and natural gas shortages. Qatar has halted liquefied natural gas production following a drone attack. This impacts industrial customers, though household piped natural gas supplies remain unaffected. Companies are monitoring the situation closely. Global energy prices and shipping costs are also rising.
ET Graphics | Key Asia–Europe air routes choked, India hit hard in West Asia conflict
Global air travel faces significant disruption. Tensions in West Asia have impacted a vital flight path. This has led to widespread chaos in the aviation industry. Over 3,000 flights have been cancelled. The situation is affecting air transport worldwide. Passengers are experiencing significant travel issues.
India's Edible Oil, Fertiliser Imports At Risk From US-Iran Conflict, Warns Industry
Rising crude oil prices could compound the pressure, given the linkage between energy costs, logistics and global biofuel markets.
India unlikely to see petrol, diesel price hike despite global oil prices spiking to $80
Global oil prices have jumped significantly following attacks and retaliatory strikes in the Middle East. However, Indian consumers are unlikely to see a hike in petrol and diesel prices. Fuel companies have built up profits and can absorb the current price rise. The government is committed to shielding citizens from sharp increases, especially with upcoming elections.
Iran conflict disrupts global shipping as tankers are stranded, damaged
War risk insurance for ships in the Gulf is being cancelled. The Iran conflict has disrupted shipping. Several tankers are damaged. Two seafarers have died. Around 150 ships are stranded near the Strait of Hormuz. Oil and gas prices have jumped. Shipping costs are set to rise further.
GSMA confers “Lifetime Achievement” award on Sunil Bharti Mittal
Global Systems for Mobile Communications Association (GSMA), which counts over 1000 mobile operators and businesses across the global telecom ecosystem as its members, conferred the award to the Bharti honcho at the Mobile World Congress in Barcelona.
Airtel, Google team up to block spam on enhanced messaging service
Airtel and Google have joined forces to curb spam in RCS messages, marking a global first by integrating Airtel’s spam filters with Google’s platform. The initiative aims to verify senders and detect threats, boosting user safety. Airtel also invites other messaging platforms—Meta, Telegram, and Signal—to participate, extending protection beyond traditional telecom services for a safer, more secure messaging experience worldwide.
Middle East Conflict: Exporters Fear Rise In Logistics, Insurance Costs, Impact On Shipments
The Red Sea crisis is likely to disrupt global trade and supply chains.
Apple in talks with ICICI Bank, HDFC Bank and Axis Bank to start payment service in India: Report
Apple Inc. is in discussions with key Indian banks and global card networks in preparation to start Apple Pay in the world’s most populous country.
Rupee likely to stay in 90–92 range amid global uncertainty: HDFC Bank's Arup Rakshit
3R Investment Management’s Neeraj Seth said Indian equities are nearing a buy zone supported by improving sentiment and early earnings recovery signs. Experts believe credit growth remains stable and AI-driven economic changes will unfold gradually rather than immediately.