&w=3840&q=100)
DG Shipping asks seafarers in Iran ports to exercise due caution
India's maritime regulator, in an advisory, also said seafarers should remain vigilant, avoid unnecessary movement, and follow local safety protocols.
Shipping companies, RPSL agencies, and maritime stakeholders (INSA, FOSMA, MASSA) are requested to actively monitor crew safety and stay updated via official channels, it added.
According to international reports, Israel has carried out strikes at various places in Iran.
"We are deeply concerned at the recent developments between Iran and Israel. We are closely monitoring the evolving situation, including reports related to attacks on nuclear sites," the MEA said in the statement As the situation in West Asia escalated, India urged "both sides to avoid any escalatory steps".
The MEA said, "existing channels of dialogue and diplomacy should be utilised to work towards a de-escalation of the situation and resolving underlying issues".
India asserted that it enjoys "close and friendly relations" with both countries and "stands ready to extend all possible support".
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
26 minutes ago
- India.com
India To Host AI Impact summit 2026, Leading Global Dialogue On Democratising AI
New Delhi: India is set to host the AI Impact Summit in February 2026, reinforcing its commitment to democratising Artificial Intelligence (AI) for the public good, the Parliament was informed on Wednesday. This landmark event aligns with Prime Minister Narendra Modi's vision of making technology accessible to all and leveraging AI to tackle real-world challenges across healthcare, education, agriculture, climate, and governance, Union Electronics and Information Technology Minister Ashwini Vaishnav told the Lok Sabha. The IndiaAI mission, which prioritises accountability, safety, equity, and the defence of privacy and human rights, is at the core of India's AI strategy. According to the statement, one of the main highlights is the creation of native Large and Small Language Models using Indian datasets. Currently, startups such as Sarvam AI, Soket AI, Gnani AI, and Gan AI are developing foundational models that are suited to the linguistic and cultural diversity of India. According to the statement, these models will be open-source, allowing other startups to create locally tailored applications. According to Minister Vaishnaw, to support scalable innovation, the government is also enhancing AI compute capacity by ensuring GPU infrastructure access and expanding the AIKosh Datasets Platform, which currently hosts over 1,000 datasets and 208 AI models, including Text-to-Speech tools in Indian languages. Additionally, the mission is funding 30 AI-based applications addressing public interest areas like health, climate, and governance. Through its IndiaAI Startups Global Programme, 10 startups are being mentored at Station F and HEC Paris, including PrivaSapien Technologies (privacy-enhancing AI) and Secure Blink (AI cybersecurity). Ensuring safe and trusted AI, India has established the IndiaAI Safety Institute to coordinate efforts on responsible AI. Projects under this initiative include AI bias mitigation, machine unlearning, and watermarking, as per the statement A strong legal framework that addresses AI-related risks like disinformation, deepfakes, and data misuse, such as the Digital Personal Data Protection Act (2023), IT Act (2000), and IT Rules (2021), supports the tech initiatives. A techno-legal approach underpins India's regulation, combining legislation with government-funded R&D on deepfake detection, privacy, and cybersecurity tools, according to the written reply. India's hosting of the 2026 summit further solidifies its position as a global leader in the development of AI that is inclusive, moral, and driven by innovation.
&w=3840&q=100)
Business Standard
26 minutes ago
- Business Standard
Indian equity markets set for losses after Donald Trump's tariff surprise
Indian equity markets are expected to open lower on Thursday after US President Donald Trump's unexpected announcement of a 25 per cent tariff on Indian goods, effective August 1. President Trump also indicated possible further penalties on India's energy imports from Russia. Following Trump's announcement the Nifty derivatives contracts traded at the Gujarat International Finance Tec-City (GIFT City) shed over half a per cent. Experts said the markets could decline between 1 and 2 per cent on Thursday. Most vulnerable stocks will be from garments, pharmaceuticals, gems and jewellery, automotive and petrochemicals sector. However, those with no US exposure could also be impacted due to the concerns of overall impact on the economic growth. Analysts said if no deal is reached with the US or could shave off GDP growth by 20 basis points. 'Markets will react negatively to the tariff imposition. Despite the unpredictability of US policy, investors anticipated a deal given the aligned long-term interests between the US and India,' said Nilesh Shah, MD, Kotak Mahindra AMC. Sectorally, the inclusion of pharmaceuticals among the tariffed goods could have a significant impact, as the US accounts for over 30 per cent of India's pharma exports. 'Markets may fall 1-1.5 per cent but should stabilise soon after. While several sectors will feel the pain, the broader impact may be contained as long as IT and service exports remain unaffected,' said Chokkalingam G, founder, Equinomics. The US President's threats of additional penalties came a day after he formally announced to Russia a 10-day deadline to reach a truce with Ukraine. The US had threatened secondary levies that would target countries that import Russian exports, such as oil. India was among the first to engage with the US in trade talks. The US is India's largest trading partner and top export market. Market experts said that a 25 per cent tariff rate is a negative development compared to lower rates for peers such as Vietnam, Indonesia, and the Philippines, which compete with India in similar categories of labour-intensive products and electronic goods, as well as for foreign portfolio investment (FPI) flows. FPIs have been net sellers in India this month while being buyers in other emerging markets.
Mint
26 minutes ago
- Mint
'Rahul Gandhi had already warned': Congress as Trump imposes 25% tariffs on India; says 'this will impact our economy'
Congress leader Supriya Shrinate launched a scathing attack on the BJP-led dispensation after President Trump announced a 25% tariff on Indian exports, claiming that "this is a result of failed foreign policy." Shrinate asserted that Rahul Gandhi had earlier warned the move would likely have a ripple effect on the Indian economy, impacting exports, production, and job creation. "Rahul Gandhi had already warned about this... This is going to impact our economy, exports, production, and in turn, our jobs and employment. We export pharmaceuticals to the US, and with the 25% tariff, they will become expensive, resulting in decreased demand, subsequently leading to lower production and employment. This is a result of our failed foreign policy," Shrinate said. Stepping up her attack on the saffron camp, Congress spokesperson Shrinate said: "You (the ruling party) gave the slogan 'Abki baar Trump Sarkar', but he sent our people shackled." This was in reference to the mistreatment of the first batch of 104 illegal Indian immigrants deported from the US in response to Trump's crackdown on undocumented migrants. The deportees were handcuffed throughout the 40-hour flight. Shrinate yet again reiterated the need for an explanation on Trump's claim that he had "brokered" the cessation of hostilities between India and Pakistan. Her remarks come just a day after Rahul Gandhi, speaking in Parliament, challenged Prime Minister Narendra Modi to publicly call US President Donald Trump a 'liar' for claiming credit for negotiating a ceasefire. "He said 30 times that he declared a ceasefire... What answer does PM Modi have on this? The government must have prepared in some way for this; all sectors will be affected by it," Shrinate said. The American President on Wednesday announced that India would face a 25 per cent tariff on goods exported to the United States from August 1. He also imposed a penalty for purchasing "a vast majority of their military equipment" and oil from Russia.
