Savings Effect

President Donald Trump has signed into law a Russia sanctions bill that empowers him to impose tariffs on countries that purchase Russian petroleum products. The new sanctions authority has been eagerly anticipated by Ukrainian officials hoping for a tangible sign of US support in its fight against a Russian invasion. The war, now in its fifth year, is in a critical phase of escalation.

The FSSAI on Friday took legal action against Nestlé India over non-compliances involving its infant nutrition products NAN Excella Pro Stage 1 and Lactogen Pro 1.

From IPO battle to boardroom split: How Tata Sons reached its latest crisis The board backed steps towards an IPO and N Chandrasekaran’s five-year reappointment, with the vote at 4:1. Tata Trusts opposed both moves and said a listing had not yet been decided. The SP Group, which holds about 18.4% in Tata Sons, has backed the listing route and proposed monetising part of its stake.

India is facing its weakest monsoon in 17 years, with rainfall deficiency at 15%.