"All these Arctic crudes usually go to the EU but now they have to go elsewhere," a trader in Singapore said, adding that "Now India and China are their major homes."

The S&P Global India services purchasing managers' index (PMI) signalled 17 months of straight growth for India's service sector - the longest sustained period since 2013

Federal Communications Commissioner Brendan Carr described TikTok was "a sophisticated surveillance tool" and said the US needs to follow India's move in banning the app

US officials said on Tuesday they may impose new Covid regulations for people on flights from China because of concerns over the "lack of transparent (health) data" from Beijing

India's EV sales have been booming since its government provided subsidies to help consumers purchase electric vehicles, The Economic Times reported.

India looks set to be the economic standout in the year ahead, with the central bank forecasting 6% growth for the next fiscal year starting in March.

Stocks in China suffered their biggest fall in seven weeks, while Hong Kong, Tokyo, Sydney and most of Southeast Asia also declined. Indian markets, however, enjoyed a small rise.

Each electric bus costs 12.5 million rupees ($151,138), about five times that of a diesel one

The system has already been used by Russia following the imposition of sanctions on Moscow over the Ukraine war

Moscow told India it will help it get use of large tankers to avoid the price cap put on Russian oil, as well as access to insurance and shipping

The system is ready to be tested after exporters had an importers have opened new bank accounts to enable rupee trade.

Such a deal could top $100 billion dollars at list prices, including any options, and rank among the biggest by a single airline in volume terms