🏦 Economy / Policy
• Global business growth stalled in May amid the West Asia conflict, with Europe seeing the sharpest slowdown, according to S&P Global 🌍📉
• Fuel prices were raised again by ₹2.61–2.71/litre as oil marketing companies continued to face mounting losses ⛽⚠️
• Finance Minister Sitharaman warned that the “three Fs” — fuel, fertiliser and foreign exchange — are putting renewed pressure on India’s economy and reserves 📊
• India’s dependence on imported fertilisers and feedstocks is increasing subsidy and farm-input risks amid prolonged Gulf disruptions 🌾⚠️
• Analysts warn that rising costs from crude, fertilisers, freight and rupee weakness are beginning to squeeze India Inc margins, especially in import-heavy sectors 📉
• Rupee strengthened for the third consecutive session to around 95.23/$, aided by softer crude and ceasefire optimism, though it remains weak versus early-2026 levels 💱📈
• Brent crude has cooled to the $93–96/barrel range from earlier triple-digit highs, easing but not eliminating imported inflation risks 🛢️📊
🏢 Companies / Sectors
• Crisil estimates West Asia turmoil could dent India Inc operating margins by around 200 bps in FY27 ⚠️📉
🌍 Global / World
• US launched fresh strikes on Iran even as diplomatic talks to end the conflict continue 🌍⚠️
• Taiwan has overtaken India to become the world’s 5th-largest stock market by market capitalisation, driven by the AI and semiconductor rally led by TSMC 💻📈