Regulatory Crackdown: Maharashtra FDA seized illegal/misbranded cosmetics worth Rs 34.61 lakh in Mumbai and Satara, citing misleading claims, missing details and unlicensed facilities. Textiles & Jobs: Prestige Denim Mills will invest $20m to build a denim fabric plant in Egypt’s West Qantara (100,000 sq m), targeting 20m meters/year and 1,000 direct jobs. Inclusion at Work: Godrej Consumer Products launched a “Pride in Manufacturing” toolkit to improve LGBTQIA+ safety and inclusion across manufacturing workplaces. Food Safety: FSSAI issued notices to eight food firms over misleading “healthy/vegan/zero maida” claims and unapproved endorsements. Inflation Watch: Wholesale inflation jumped to 9.68% in May as fuel/power and manufactured items spiked, with West Asia tensions blamed. Energy Policy: India approved E100 (100% ethanol) fuel framework, pushing the ethanol transition further. Shipping & Trade: India’s envoy met 20 rescued crew members of MT Jalveer ahead of repatriation; separately, shipping stocks rose on June 15. Global Markets: Goldman Sachs expects India’s BoP to turn surplus in 2026 after two deficit years, despite rupee weakness. Diplomacy & Industry Impact: Modi welcomed US-Iran understanding to reopen Hormuz, seen as easing energy costs and supporting exports.