Energy & Inflation Watch: India’s finance ministry flags that fuel hikes plus a weaker-than-normal monsoon could lift retail inflation, with the Strait of Hormuz disruption still the biggest swing factor for prices and growth. Navy & Energy Security: Outgoing Navy chief Dinesh K Tripathi says maritime security and energy security are inseparable for safe tanker passage through Hormuz, citing missile/drone and shipping threats. Submarine Roadmap: Tripathi also pegs Project 75(I) first submarine induction to 2033, with AIP tech and full transfer of technology for six submarines. Defence Diplomacy: US Defence Secretary Pete Hegseth calls India a “critical anchor” at Shangri-La, while India signs/advances BrahMos deals—Vietnam confirmed, Indonesia talks near final stages. Semiconductors & Manufacturing: Nikon eyes cheaper ArF lithography via in-house components, while Intel and Odisha back a $3.3B glass substrate push—both aimed at easing AI hardware supply bottlenecks. Power Market Rules: CERC drafts DSM changes from July 1, including daily deviation pricing and new treatment for renewables and energy storage. Textiles: India waives cotton import duties from June 1 to Oct 30 to stabilize supply and costs for the textile industry. Urban Safety: A five-storey building collapses near Saket Metro in south Delhi; multiple agencies launch rescue as people are feared trapped. Transport Costs: Mumbai CNG and PNG prices rise again, pushing up daily commuting and household bills. Security Update: Delhi Police arrest an ISI-linked module tied to planned attacks across Delhi and Mumbai, with arms seized.