Manufacturing PMI rises up to 54.7 in April, Iran war pushes input costs higher – The Times of India

Manufacturing PMI rises up to 54.7 in April, Iran war pushes input costs higher – The Times of India

India’s manufacturing activity showed a mild recovery in April, with growth in new orders and output improving sequentially, though the pace remained among the slowest in nearly four years, PTI reported.The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 54.7 in April from 53.9 in March, signalling continued expansion but marking the…

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Strait of Hormuz disruption impact: India considers dedicated Rs 1,000 crore war-risk cover to support insurers – The Times of India

Strait of Hormuz disruption impact: India considers dedicated Rs 1,000 crore war-risk cover to support insurers – The Times of India

Under a proposal being reviewed by the finance ministry, domestic insurers could be enabled to provide cover for vessels navigating high-risk areas. (AI image) Middle East conflict impact on India: The government is looking at the creation of a specialised fund to assist insurers offering war-risk coverage for ships operating on routes to and from…

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