A2 MILK SUPPLY CHAIN ISSUES
India, South Korea to upgrade trade pact, deepen tech and supply chain ties
India and South Korea will resume talks to upgrade their economic partnership agreement. The goal is to increase bilateral trade to 50 billion dollars by 2030. Both nations will also enhance cooperation in critical technologies and supply chains. An economic security dialogue will be established. Discussions will cover shipbuilding, steel, and sustainability. Industrial collaboration will expand through new agreements.
Rs 70,00,000 worth fake Mounjaro injections seized in Gurgaon; Police expose illegal weight-loss drug racket in NCR
Gurgaon Drug Racket: Authorities in Gurgaon have busted a major illegal pharmaceutical racket involving spurious Mounjaro KwikPen (tirzepatide injections) worth over Rs 70 lakh, with two men arrested after a joint operation by the Drugs Control Department and police intercepted a vehicle carrying suspected fake diabetes and weight-loss drugs stored in violation of safety norms. The raid near Super Mart-1 led to the recovery of multiple cartons of injections in different strengths, with officials finding serious issues such as improper cold-chain storage, labelling mismatches, and packaging irregularities, suggesting the products are spurious.
PM Narendra Modi meets South Korea President Lee Jae-myung at Hyderabad House in New Delhi
Prime Minister Narendra Modi on Sunday held a bilateral meeting with South Korean President Lee Jae Myung at the Hyderbad House in the national capital. Both the leaders were also seen planting a tree under the 'Ek Ped Maa Ke Naam' initiative.
Is it time to abandon hope the Strait of Hormuz will open soon?
The closure of the Strait of Hormuz has thrown global oil markets into turmoil, deepening an energy crisis with far-reaching effects. Asia, a powerhouse in oil consumption, is experiencing a drastic downturn as crude and refined imports dwindle. The plummeting physical oil prices highlight an immediate supply crunch, compelling refineries to downsize their processing capacities, which threatens significant economic fallout.
South Korea's Lee to seek big boost in economic ties in summit with PM Modi
South Korean President Lee Jae Myung is in New Delhi for talks with Indian Prime Minister Narendra Modi. The visit aims to significantly increase economic ties, focusing on shipbuilding. Both nations plan to nearly double bilateral trade to $50 billion by 2030. Cooperation may also expand into finance, artificial intelligence, and defense. India's role in global production is highlighted.
TVS Supply settles dispute with ZTE, withdraws insolvency plea in NCLAT
TVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India. The company withdrew its appeal against an order that rejected insolvency proceedings. The National Company Law Appellate Tribunal allowed the withdrawal. This development follows a previous dismissal of insolvency proceedings by the National Company Law Tribunal due to a pre-existing dispute.
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Bangladesh raises fuel prices as Iran war drives up costs
Bangladesh has made a tough choice to raise fuel prices by up to 15 percent, a direct response to rising crude oil costs and supply interruptions stemming from conflicts in the Middle East. This price hike affects petrol, diesel, and kerosene, reflecting the harsh realities of the global market.
India replaces China in US smartphone supply chain, captures 40% share: Report
India has emerged as a key supplier of smartphones to the United States, meeting about 40 per cent of the demand that was earlier fulfilled by China, according to a recent report by McKinsey & Company.
US extends waiver allowing India and other countries to buy Russian oil
The Donald Trump administration has issued a short-term waiver allowing countries to continue buying sanctioned Russian oil loaded on ships until May 16, aiming to stabilise global energy prices amid the US-Israeli war on Iran.
US move on Russian oil waiver adds pressure as Iran war strains energy markets, India engaged in talks: Sources
India faces a tougher energy market as the US will not extend waivers for Russian oil imports. This decision impacts countries already struggling with the Hormuz crisis. Russia has assured India of continued energy supplies, including crude oil, LPG, and LNG. India's oil imports from Russia have significantly increased, making it a key market for Moscow.
Indian Army eyes tech-driven future at key biannual Army Commanders’ Conference 2026
Indian Army commanders met to review border security and enhance combat strength. They focused on future readiness, designating 2026 as the year for networking and data centricity. The conference also explored drone technology and indigenous defense production. Lessons from Operation Sindoor guided discussions on operational capabilities. Senior government officials attended the deliberations.
India turns the tables on China: The great supply chain flip begins
India's electronics sector is transforming. For years, the country assembled products using imported parts. Now, Indian companies are exporting electronic components, even to China. This marks a significant shift from just assembly to deeper manufacturing involvement. This change is driven by government policies and global manufacturers.
Andhra Government clears Rs 2,500 crore NSPSL cathode plant in Chittoor
Andhra Pradesh is set to boost its electronics and battery sector. The state government has approved a significant Rs 2,550 crore investment by NSPSL Speciality Chemicals. This will establish a cathode material manufacturing facility in Chittoor district. This project is crucial for localizing key battery components. It will support the growth of electric vehicles and consumer electronics.
Sweet trouble: World’s top chocolate maker issues warning as shares sink 17%
Barry Callebaut profit warning shocks markets. Shares crash 17% in hours. Cocoa prices collapse over 40% this year. The world’s largest chocolate maker now expects profits to fall sharply. Falling cocoa prices should help margins. But demand is weak and supply is too high. Industry overcapacity is rising fast. Global trade risks add more pressure. Shipping disruptions near key routes increase costs. The Barry Callebaut profit warning highlights deep market stress. Investors fear prolonged slowdown. The global chocolate market now faces uncertainty and volatility ahead.
Corrugated box manufacturers warn of severe cost surge, call for price revision and policy support
India's corrugated box makers are in crisis. Kraft paper prices have jumped 15-20 percent. Other materials like gum and ink are up 30-40 percent. Factory running costs are also increasing. The industry faces GST refund delays, locking up vital funds.
What is Bab el-Mandeb? The critical trade route Iran threatens to shut down
The Iran Red Sea trade threat has intensified sharply, with tanker traffic through the Strait of Hormuz falling below 10% of its normal daily volume. This is a critical global chokepoint. The crisis is escalating fast. Iran has warned it may expand disruption into the Red Sea and nearby routes. The U.S. blockade ordered by Donald Trump has increased tensions further. Global oil supply is at risk. Shipping costs are rising. Markets are reacting. The Iran Red Sea trade threat now signals deeper instability ahead.
11 nations call for coordinated IMF-World Bank support amid Middle East war risks
The finance ministers of 11 countries including Britain and Japan called Wednesday for "coordinated emergency support" to help countries hit by disruptions from the war in the Middle East. "We call on the IMF and World Bank to provide a coordinated emergency support offer for countries in need, tailored to country circumstances and drawing on the full range and flexibility of their toolkits," the ministers said in a joint statement issued by the UK government.
Allcargo Logistics strengthening supply chain frameworks for FMCG players
Allcargo Logistics is enhancing supply chains for FMCG companies. This involves optimizing networks, integrating technology, and planning transportation. The goal is to manage increasingly complex inventory flows. FMCG companies are expanding product lines and facing evolving consumer demands. This leads to smaller shipments and more frequent deliveries. Allcargo Logistics offers solutions for better visibility and efficiency.
Global finance ministers warn of prolonged market impact from Middle East conflict
Global finance ministers warn the Middle East conflict will continue to impact growth and inflation. Even a lasting peace will not immediately erase these effects. Renewed fighting or disruptions in the Strait of Hormuz pose serious risks. Ministers pledge fiscally responsible domestic responses and urge all nations to avoid protectionist trade barriers.
Japan plans $10 billion framework to help Asia secure oil
Japan is launching a significant financial initiative. A 10 billion dollar framework will assist Asian nations in securing vital energy resources. This move aims to counter the impact of the Middle East conflict on global oil supplies. The support will bolster supply chains, particularly for Southeast Asian countries.
Delhi Water Supply Cut Update: These areas to face shortage for two days. Check timings, complaint number and helpline details
Delhi water supply: A temporary shutdown of the Chandrawal Water Works-II by the Delhi Jal Board on 15 April is expected to cause water supply disruptions across several parts of Delhi. The maintenance work, scheduled for six hours, may lead to low water pressure or shortages on 15 and 16 April in areas such as Civil Lines, Karol Bagh, and Patel Nagar. Residents have been advised to store adequate water and use it carefully, while emergency water tankers will be available on request via the DJB helpline.
Aatmanirbhar 2.0 in works to cushion India against supply chain, energy pain
India had unveiled several targeted interventions during the Covid-19 pandemic to ensure availability of several key products and to reduce dependence on imports as part of the Aatmanirbhar initiative.
How war, trade tensions and disruptions are redesigning supply chains for an uncertain world
Global supply chains are undergoing a major transformation. Businesses are now prioritizing reliability over speed, building in buffers to handle disruptions. This shift involves diversifying suppliers, increasing inventory, and creating regional hubs. Enhanced visibility and sustainability are also becoming core to operations. The modern supply chain professional requires strategic thinking and adaptability.
Global Markets | Australia Inc starts to feel Iran war fallout, raising stagflation risk
Australia's economy faces a stagflationary shock as the Middle East conflict drives up fuel prices. Top companies like Qantas and Westpac are issuing profit warnings, citing soaring costs and customer impacts. Business and consumer sentiment have plummeted, raising concerns about inflation and slowing growth, a scenario dubbed 'the central bank's nightmare'.
Crude at $100: Packaging costs surge, supply chains reset
Crude oil prices have surged past the $100 mark per barrel, leading to a dramatic rise in the cost of packaging materials and creating uncertainty in supply chains. Businesses are now prioritizing ensuring availability over minimizing expenses, leading many to stockpile inventory to safeguard against disruptions.
No serious LPG supply shortage reported by auto component makers so far, says govt
Addressing an inter-ministerial briefing here on the recent developments in West Asia, Additional Secretary in the Ministry of Heavy Industries, Hanif Qureshi, said that regarding supply chain issues, the ministry is in constant touch with the automobile industry and is making appropriate efforts to address them.
Global Markets | Australian shares slide as US-Iran talks fail, risk appetite sours
Australian shares declined as collapsed U.S.-Iran peace talks and a U.S. blockade of Iranian ports soured market sentiment. The S&P/ASX 200 index saw its steepest fall since April 2, with gold stocks leading the losses. Conversely, energy stocks rose on higher crude prices, while Telix Pharmaceuticals surged on a new collaboration.
India reiterates support to GCC on supply chain, food security
India has reaffirmed its commitment to assist the Gulf Cooperation Council with food supply chain issues. Commerce Minister Piyush Goyal held virtual discussions with GCC leaders. The focus was on strengthening logistics and exploring alternative trade routes. India also expressed hope for an enduring ceasefire in the region, crucial for its energy security.
Fresh food demand drives cold chain upgrade in seafood sector
India's seafood industry is modernizing its cold chain with AI and IoT to meet rising consumer demand for fresh, natural products. Policy support and private investment are driving the adoption of advanced monitoring and automation, ensuring quality from catch to plate and reducing waste. This transformation is crucial for meeting stringent domestic and export standards.
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