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In reverse flow, India now supplies petrol to energy powerhouse Russia
India's petrol is navigating its way to Russia via international traders rather than through direct sales channels. The damage to Russia's refining infrastructure has severely impacted its fuel production. This indirect trade underscores the ongoing shifts within the global energy market and the consequences of sanctions.
India's electronics policy framework needs to offer stability to strengthen position in global market
Secretary, Department of Commerce, Rajesh Agrawal, has noted that the global electronics industry is increasingly driven by global value chains, and India's policy framework must provide the predictability and stability required for these value chains to expand their presence in the country. He observed that policy approaches for production aimed at the domestic market may differ from those needed to promote export-oriented manufacturing. He added that the Chintan Shivir had been convened to facilitate constructive dialogue and develop tangible, balanced and actionable policy recommendations that are equitable for all stakeholders while strengthening India's position as a globally competitive electronics manufacturing and export hub.

From hypertension to diabetes, National Pharmaceutical Pricing Authority caps retail price of 39 medicines
NPPA capped retail prices of 39 medicines, including those for hypertension, diabetes, and heart disease. This follows a similar move in May for 42 drug formulations.

Global Oil Demand Is Heading For Its First Drop Since 2020. What's Driving It?
According to the AP report, global oil consumption in May fell by 5.3 million bpd from a year earlier to an average of 97.9 million barrels per day.

Expired Food, Contaminated Eggs: FSSAI Issues Nine Notices To Swiggy Instamart Following Complaints
FSSAI has issued nine notices to Swiggy Instamart after consumer complaints alleging violations of the Food Safety and Standards Act 2006.
FSSAI issues 9 notices to Swiggy Instamart following customer complaints on contaminated food, milk
FSSAI has issued nine notices to Swiggy Instamart due to multiple consumer complaints. Allegations include supplying expired, spoiled, and contaminated food products to customers. Specific products like eggs and protein powder were found unfit for consumption. The regulator also noted issues with FSSAI license numbers and grievance redressal. Swiggy Instamart must submit a detailed report or face legal action.

Govt's Chintan Shivir highlights roadmap to achieve $150 billion electronics exports by 2030
With the global electronics industry increasingly being driven by global value chains, Commerce Secretary Rajesh Agrawal indicated that India's policy framework must provide the predictability and stability required for these value chains to expand their presence in the country.

Q1 Results Today: DMart, LTM Among Companies To Share Earnings - Check Full List
Avenue Supermarts and LTM (formerly LTIMindtree) will release Q1FY27 results today
India, New Zealand Unveil Roadmap to 2030, Deepening Strategic Partnership Across Defence, Trade, Education and Regional Cooperation
Under the Defence and Security Cooperation pillar, both countries agreed to deepen military ties through joint exercises, personnel exchanges and high-level defence dialogues while implementing the 2025 Defence Cooperation MoU. They will operationalise new maritime cooperation arrangements, expand naval collaboration, launch an annual Maritime Security Dialogue and a Joint Working Group on Counter-Terrorism, continue cyber cooperation, strengthen law enforcement coordination and work together on disaster-resilient infrastructure.

Markets Espresso: The Burden of Expectations and Salaam Retail!
One line from US President Donald Trump derailed an entire market recovery. Stocks that fell to the burden of Expectations.Respect to the one that stands tall on every good, bad, and ugly day!Unpack all of this in our latest Markets Espresso!

Brexit's Farm Flexibilities: A Lesson For The Global South
WTO agricultural commitments define a country's policy space by setting limits on farm subsidies, capping import tariffs, and determining when governments can shield domestic producers from import surges. The tighter these commitments, the narrower the room for policy intervention.

Justdial Appoints Former Flipkart Executive Dinkar Ayilavarapu as CEO; Dinesh Taluja Named CFO
Just Dial announces a leadership transition.