REGULATORY · COMPETITIVE · INDIA Dr. Reddy's launches DCGI‑approved semaglutide Change The Drugs Controller General of India approved a generic semaglutide injection, which Dr. Reddy’s Laboratories launched as Obeda for Type 2 diabetes. Why it matters Creates an approved, domestically manufactured generic GLP‑1 receptor agonist therapy available for procurement in India, with a single listed price point for the offered dosing formats. Economic Times · 6:41 AM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
COMPETITIVE · MARKET STRUCTURE · INDIA State-run oil firms raise bulk diesel price Change State-run oil companies raised diesel prices for bulk buyers, excluding state transport corporations, by about Rs 22 per litre. Why it matters Bulk diesel purchasers are subject to an imposed surcharge of about Rs 22 per litre, increasing procurement costs for institutional buyers; retail regular petrol and diesel prices remain unchanged while premium petrol increased by about Rs 2 per litre. Economic Times · 6:40 AM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
REGULATORY · COMPETITIVE · INDIA Delhi High Court upholds cancellation of UNI land allotment Change The Delhi High Court upheld the Land and Development Office's cancellation of the allotment of government land at 9 Rafi Marg to United News of India and directed officials to take immediate possession of the property. Why it matters UNI's entitlement to the government plot at 9 Rafi Marg is revoked and custody of the property is placed with government authorities, who are directed to take immediate possession and ensure the site's utilisation in accordance with law. Economic Times · 6:36 AM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
REGULATORY · MARKET STRUCTURE · INDIA Gujarat approves supplemental PPA with Tata Power Change Gujarat has approved a supplemental power purchase agreement with Tata Power for the 4,000-MW Mundra imported-coal power plant. Why it matters A binding contractual pathway now exists for procurement of up to 4,000 MW from the Mundra imported‑coal plant, making regulatory clearances the gating condition for the plant to resume supply. Economic Times · 12:42 AM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
REGULATORY · INDIA Civil Aviation Ministry Orders 60% Free Seats Change The civil aviation ministry directed the Directorate General of Civil Aviation to require airlines to offer at least 60% of seats free of charge for passenger selection. Why it matters The directive imposes a regulatory requirement that a majority of seats be made available without seat-selection charges, limiting airlines' ability to collect ancillary revenue from seat assignments. Economic Times · 12:41 AM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
COMPETITIVE · MARKET STRUCTURE · MIDDLE EAST India's crude oil imports fall 23% Change India's crude oil imports fell 23% in the first 18 days of March compared with the same period in February as Gulf inflows contracted. Why it matters Middle Eastern crude availability is constrained this month, reducing Gulf-sourced volumes and shifting import volumes toward Russia and smaller African suppliers while prompting increased Saudi loadings at Yanbu. Economic Times · 12:40 AM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
REGULATORY · INDIA Supreme Court upholds denial of concessional diesel to Vedanta Change The Supreme Court upheld that Vedanta is not entitled to procure high-speed diesel at concessional rates under Form C because the fuel was used for purposes beyond permitted mining activities. Why it matters Vedanta is barred from accessing concessional HSD pricing via Form C for diesel used beyond mining and processing activities; those purchases are subject to regular local taxation. Economic Times · 12:31 AM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
REGULATORY · INDIA DFSA bars HDFC DIFC branch from onboarding new clients Change The Dubai Financial Services Authority barred HDFC Bank’s Dubai International Financial Centre (DIFC) branch from onboarding new clients or undertaking fresh business. Why it matters Onboarding and fresh-business activities through the DIFC entity are prohibited, creating a formal operational restriction on client acquisition and transaction origination in Dubai. Economic Times · 6:48 PM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
REGULATORY · INDIA Civil Aviation Ministry orders 60% free seat allocation Change The Civil Aviation Ministry directed the DGCA to require airlines to allocate at least 60% of seats on each flight for passenger selection free of charge. Why it matters The directive imposes a regulatory prohibition on charging passengers for selection of a minimum 60% of seats per flight, removing a paid ancillary revenue category for those seats. A trade group representing IndiGo, Air India and SpiceJet warned the loss of seat-selection revenue will compel airlines to raise airfares to recoup income. Economic Times · 6:40 PM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
MARKET STRUCTURE · SINGAPORE Singapore Airlines suspends Singapore–Dubai services until April 30, 2026 Change Singapore Airlines has suspended scheduled Singapore–Dubai services through April 30, 2026. Why it matters Scheduled direct air connectivity operated by Singapore Airlines between Singapore and Dubai is unavailable until April 30, 2026, removing the airline's regular capacity on that route. Economic Times · 10:01 AM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
REGULATORY · MIDDLE EAST DGCA asks airlines to avoid nine West Asia airspaces Change DGCA asked Indian airlines to refrain from operating in the airspaces of Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Qatar and the United Arab Emirates and to include robust contingency plans in safety risk assessments. Why it matters Creates an operational constraint that directs Indian airlines to avoid nine named West Asia airspaces at all flight levels and to embed contingency planning in safety risk assessments; Oman and Saudi airspaces are permitted only subject to conditions, and any continued flights through affected airspace remain at operator discretion. Economic Times · 6:35 AM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
REGULATORY · COMPETITIVE · MARKET STRUCTURE · MIDDLE EAST Iran damages Gulf energy infrastructure Change Iran struck Gulf energy facilities with missiles and drones, damaging Qatar's LNG complex and disrupting refinery operations and port loadings in Saudi Arabia and Kuwait. Why it matters Regional hydrocarbon export capacity is reduced by damage and suspensions at major LNG and refining facilities, restricting gas and crude export flows from Qatar, Saudi Arabia, and Kuwait and tightening available supply for importers. Economic Times · 1:58 AM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link