Category: India

‘City of Glass’ Is Under Threat From Iran War

The New York Times – Business:
In India, Firozabad has depended on its glassmaking industry for centuries. Fuel prices are starting to shatter businesses already under pressure.
First Fully Loaded L.N.G. Tanker Since War Began Appears to Have Crossed the Strait

The New York Times – Business:
Liquefied natural gas transit has been effectively halted. A ship managed by Abu Dhabi’s state oil company managed to cross, said Kpler, a maritime data firm.
War Exposes Gaps in India’s Clean Energy Push

The New York Times – Business:
The country’s creaking electricity grid is lagging behind its push for renewable sources — just as its growing economy hungers for oil stranded by war.
This Is What Happens When the Gas Runs Out

The New York Times – Business:
With a cutoff in shipments imminent, Asian countries, the biggest importers of liquefied natural gas from the Middle East, are already burning more coal and reducing consumption.
Elon Musk Joins in Phone Call Between Donald Trump and Narendra Modi

The New York Times – Business:
Mr. Musk’s participation was notable because it is rare for a private citizen to be on a call between heads of state. It also suggests that Mr. Musk is back on better terms with the president.
Asia Is Getting Crushed Between Oil Prices and the Dollar

The New York Times – Business:
From India to Southeast Asia to South Korea, currencies are crumbling as governments race to secure fuel that is priced in American money.
War in Iran Is Disrupting Air Travel, Hitting Middle East Hardest

The New York Times – Business:
Some airlines and travelers, especially in the Middle East and elsewhere in Asia, are bearing the brunt of the pain, while others are doing better.
As War Disrupts the Gulf, India’s Growth Story Faces New Risks

The New York Times – Business:
Generations of Indian workers and businesses have turned the Arab side of the Gulf into a vital appendage of their own country.
Ozempic Is About to Go Generic in India, China and Canada

The New York Times – Business:
In India, China and several other nations, Novo Nordisk is on the verge of losing patent protection for its blockbuster weight loss drug, opening the door for cheaper competing versions.
War in Iran Has India Scrambling to Keep Stoves Lit for Cooking

The New York Times – Business:
India relies on huge quantities of cooking gas that is normally shipped from the Persian Gulf.
Countries in Asia Try to Contain the Economic Fallout of the Mideast Conflict

The New York Times – Business:
Across Asia, where countries are highly exposed to rising oil and gas costs and tightening supply, governments are acting to mitigate economic harm.
How India Became One of the World’s Biggest Economies

The New York Times – Business:
India has grown rapidly despite its slow industrialization, and its economy is now nearly as big as Japan’s.