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Gas shortage hits ceramic hub in Gujarat’s Morbi as Iran war widens| Business News
The ceramic industry in Gujarat’s Morbi district is facing a looming production crisis as an escalating Iran war chokes the supply of essential natural gas….
Service sector activity slightly eases in February; exports pick up: PMI
India’s services sector lost a bit of momentum in February, as growth in new business slowed to its weakest pace in 13 months and operating…
Lux Capital warns portfolio startups to brace for market risks
VC firm Lux Capital sent a letter on Tuesday to founders of its portfolio startups urging them to prepare for potential business challenges, according to…
Iran war impact on stock market puts IPO plans of India Inc. in a fix| Business News
After two record-breaking years for IPOs in India, the prospect of a prolonged issuance drought is rapidly materialising on Dalal Street—thanks to the Iran war’s…
Iraq cuts crude oil production as blocked Strait of Hormuz fills up storage| Business News
Iraq has started shutting crude oil production at its biggest oilfields and is set to make even deeper reductions in the coming days—the clearest sign…
PhonePe targets IPO valuation lower than at its last funding round| Business News
PhonePe Ltd., India’s largest payments app controlled by Walmart Inc., is aiming for a valuation of $9 billion-10.5 billion in an IPO in 2026, according…
Goldman Sachs CEO David Solomon surprised by Iran war impact on stock market| Business News
Goldman Sachs Group Inc. CEO David Solomon said he’s been surprised by the “benign” reaction in financial markets to the Iran war, adding that it…
Indian fruit, vegetable exporters a worried lot as Iran war upsets all calculations
Ramzan and Easter, a critical season for Indian fruits and vegetables exporters catering to markets in West Asia and Europe, turned out to be time…
Gold shipments stranded in Dubai as Iran war grounds flights| Business News
The mass cancellation of flights to and from bullion hub Dubai has left traders unable to move their metal, highlighting the potential bottlenecks to physical…
Iran war disrupts global ocean freight and air cargo supply chains beyond oil
NEW YORK: The Iran war has effectively halted oil tanker movement in the key Strait of Hormuz. But it’s also disrupting the wider global supply…