Rakesh Sharma

India has granted marine insurance approval to four Russian firms, adding impetus to Moscow's efforts to avoid the use of Western service providers.

A vessel owned by sanctioned Russian tanker giant PJSC Sovcomflot is heading to India, a signal that flows using the state-owned company's fleet to the key Asian market may be resuming after a pause.

Indian Oil Corp. resumed buying Russian crude oil delivered on a tanker owned by Sovcomflot PJSC this week, paving the way for a restoration of oil flows between Russia and India, after tightened US penalties had disrupted shipments.

Indian Oil Corp. resumed buying Russian crude oil delivered on a tanker owned by Sovcomflot PJSC this week, paving the way for a restoration of oil flows between Russia and India, after tightened US penalties had disrupted shipments.

India's state-run Oil and Natural Gas Corp. posted better-than-expected quarterly profits as lower operating costs and increased oil production helped offset a decline in gas prices and output.

India has made a rare request to its state-run oil refiners and private processor Reliance Industries Ltd. to jointly negotiate a long-term supply deal with Russia, according to people familiar with the matter.

Each day, Bloomberg journalists take you across a selection of towns and cities as they gear up for the big vote.

Sweltering heat has raised gas demand in India by as much as 12% from a year ago as some idle power plants have restarted to cater to growing electricity needs, according to a major supplier of the fuel in India's capital.