India manufacturing growth picks up in October as domestic demand strengthens, PMI shows

India’s manufacturing activity gained momentum in October as domestic demand strengthened, offsetting a slowdown in export growth, although business optimism slipped from a seven-month high, a business survey showed on Monday. The HSBC India Manufacturing Purchasing Managers’ Index, compiled by S&P Global, rose to 59.2 in October from 57.7 in September, higher than a preliminary…

Russian oil flows to India set to surge ahead of US sanctions

Indian refiners are set to receive more Russian crude oil in November. This surge is driven by the approaching deadline for US sanctions on certain Russian entities. Meanwhile, US crude supplies to India have significantly increased, becoming the fourth-largest source. This rise is attributed to favorable economics and a wider price difference between Brent and WTI crude.  …