India set to resume approvals for Chinese imports after five-year freeze

In the latest sign of warming ties with Beijing, New Delhi plans to quickly clear pending proposals by local companies for importing electronics parts, shoes, household items of daily use, steel products, raw materials and other goods from China and other countries. India had stopped approving such imports after ties with China worsened following border…

Read more

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…

Read more

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.  …

Read more