India–South Korea Trade: CEPA upgrade talks in New Delhi ended with both sides agreeing to tackle the widening India–Korea trade deficit, and set up sub-groups on digital trade, supply chains and strategic industrial cooperation. India–Canada CEPA: Piyush Goyal’s Canada visit pushed a year-end CEPA target, with both sides aiming for “low-hanging fruit” and keeping sensitive sectors out, while also reaffirming the $50 billion trade goal. Manufacturing & Circular Economy: Loop Industries signed an MoU for its first commercial recycled PET plant in Gujarat’s Bharuch corridor, aiming to scale sustainable packaging and speed up approvals. Smartphone Policy: India is working on PLI 2.0 to lift smartphone domestic value addition to 55%+ by reducing reliance on costly imports like displays and chipsets. Engineering Exports: EEPC said India’s engineering exports rose to $10.35 bn in April 2026, up 8.8% year-on-year despite some regional shipment softness. Energy & Markets: Mixed trading in energy stocks saw Confidence Petroleum jump 7.62% while Gujarat State Petronet fell over 7%. Infrastructure & Safety: A storm-linked under-construction bridge collapse in UP’s Hamirpur killed six workers; rescue and compensation directives followed. Tech Infrastructure: Mumbai remains India’s data center leader with ~50% of capacity and 47% of new additions expected over five years. Aviation Ops: Air India’s domestic flight cuts are not expected to disrupt Vijayawada operations. Policy Macro: RBI flagged India as the fastest-growing major economy at 7.6% in 2025-26, projecting 6.9% for 2026-27.