Nepal Floods & Power Trade: Flash floods from a glacier collapse damaged nearly 360 MW of Nepal’s mostly-hydro capacity, cutting electricity exports to India to about half (around 400 MW) and raising the odds of short-term power imports. Energy Security Watch: India’s coal stocks at domestic power plants fell below 10-day cover (28.36 MT for 9.7 days vs 19.4 days norm), with logistics and rake/unloading delays flagged. Logistics & Exports: Industry voices warn logistics bottlenecks remain the biggest threat to export competitiveness as fruit and supply chains pile up. Capital Markets & Credit: S&P affirmed India’s sovereign rating at BBB- (stable), citing strong growth momentum but weak fiscal performance and high energy costs. Trade & Diplomacy: Finance ministers Nirmala Sitharaman and Canada’s Francois-Philippe Champagne pushed deeper economic ties, targeting $70 bn trade by 2030 and inviting more Canadian pension funds into India’s asset monetisation. Air Cargo Push: FedEx will invest $150M in a Delhi cargo hub to scale processing capacity and consolidate operations. Manufacturing Moves: Hindalco commissioned a specialty alumina plant in Belagavi to expand flame-retardant and EV/fire-safety inputs. Crime & Compliance: Mumbai’s special NDPS court sentenced six to 20 years for mephedrone manufacturing; Delhi’s food safety teams destroyed 131 kg of expired items ahead of festive demand.