Good morning. There is a BRICS meeting this week, and is expected to travel to Brazil for both Prime Minister Narendra Modi and Finance Minister Nirmala Sitarman. Neither Vladimir Putin of Russia nor Xi Jinping of China are making an appearance. Is the group still relevant? Tell What do I think

In today’s newspaper, I will talk about how India is buying more American oil to balance its business with America. In New Delhi, there are hopes that an interim agreement will be signed before Trump’s 26 percent mutual tariff kick in next Wednesday – we will update it by the end of the week. Will the third consecutive version of this newspaper be dedicated to the business deal? Auds are high! (Do not come MeThis is the world of Trump, we just live in it.)

Filt

India has doubled its oil imports from the US this year, partly to improve what its trade balance looks as it tries to interact on the business deal with Donald Trump.

Official data shows that India has cut raw imports from Russia, Saudi Arabia and Iraq by more than 70 percent in the first four months of the year, while the supply from the US has increased by about 120 percent. There was an increase in procurement from both Russia and the US for May, as the government tried to reduce the prices of domestic petrol from the Middle East struggle. The country’s demand for oil has followed a trajectory in the last few years, and with limited domestic production, it means increasing dependence on imports.

Russia remains the biggest source of India’s oil. After Vladimir Putin’s full -scale invasion in Ukraine, India transferred a large part of its oil purchase to Russia from the Middle East, selling at low prices due to Western sanctions. But what seemed a good deal, then it could prove to be a responsibility now. The US Senate is considering a bill that will impose 500 percent tariffs on Russian oil buying countries. Republican Senator, supporting the bill, Lindsay Graham has particularly called India and China as the main goal of the proposed law.

At the same time, New Delhi is trying to wrap an interim trade agreement with Washington by the end of the week to avoid paying 26 percent of Trump on exports on exports. During these talks, India is trying to move the story in two ways. First, the government has pushed back the details of India’s Trump as “Tariff King”, except for duties on several categories in many categories in the last six months. This newsletter covered the initial deal sweeteners: “Elimination ofGoogle Tax“And a tax cut that benefits the American bike brand Harley DavidsonSecond, India is trying to reset the trade balance with the US, so that Trump does not use America’s trade deficit with India as a reason to implement high duties. In the last financial year, $ 45BN had a trade surplus with the US in India.

With the continuous use of trade as geo -political weapons, India will have to do the best one balance task for its economy, which is the best for its foreign policy and national security. Increasing American oil stake is a good way to please Trump Trump administration. Diversity in our sources of energy is also useful in the current climate of global uncertainty. We will learn more about the figure of business deal with America at the end of the week. For now, the fingers crossed.

Has India got its strategy in business talks with America? tell me what you think. Kill or email me indibreif@ft.com

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Heart relationship

Beyond books or grocery items, now you can also perform blood tests on Amazon. Last week, the company announced in the diagnostics business, promising sample collection in six Indian cities through a tie-up with Orange Health Labs. Earlier, Amazon India started delivery services for drugs, as well as Amazon Clinic, a service that helps users to book clinical consultation online with doctors. The launch of Diagnostics Arm completes the company’s healthcare offerings in India.

In the stock market, shares of listed diagnostic companies – Dr. More than 4 percent of sheds were concerned with analysts, after the announcement last week between Lal Pathlabs, Thyrocare Technologies and Metropolis Healthcare – Amazon’s deep pocket sector would have a price war in the sector. Even though 85 percent of medical diagnosis in India is made by local laboratories, which provides tests to people living in a small radius, the number and stake in large corporations have increased significantly.

With Kovid, home-based sample collection became an approved route for consumers, and as per analyzer report, diagnostics companies are growing 12–14 percent every year. In addition, such as rich, the percentage of urban Indians’ population increases, lifestyle diseases occur on a large scale. Diabetes is particularly prominent, with India accounting for more than 25 percent of cases in the world. It is a large market that requires frequent blood tests. (Every day I encounter dozens of failion, branded with a lab’s name with their big bags, when I am in my morning race, I zip the past on two-wheelers).

Will Amazon become a serious player in healthcare in India? The company’s clinical and medical distribution services have not yet created a significant threat to existing operators. But the deep pocket of Jeff Bezos means that Amazon can approach a very long time. India is a large market for healthcare, and existing clinical companies have barely scratched the surface. Even their coverage of other-level cities is minimal and there is a lot of space to grow. Healthcare funded by the Government of India is suddenly and a large part of the population has no choice but to pay premium rates to private players, even if it makes a significant dent in their domestic savings. While the entry of large multinational groups would mean that existing players have to tighten their belts and ensure high efficiency of planned capital, now there is place for all.

go figure

We told India Business Briefing in May that Sajjan Jindal JSW wanted to acquire India operations of Dutch paint manufacturer Akzonobel. The deal was announced over the weekend. Here is a quick form.

My mantra

,I believe in hugging technology. I am not natural in technology, but taking advantage of high productivity. Make a small start to win the tech learning state. Second, representative in a smart manner. Set clear goals, rely on your team and free yourself for strategic work. Third, it is important to determine the boundaries that define non-parasical borders, but allow creativity to flourish within them. And finally to tell the most important truth for me. It creates faith with honest communication, even in hard moments and rough curriculum. ,

Nilesh Shah, Managing Director, Kotak Mahindra AMC

Each week, we invite a successful business leader to tell us our mantra for work and life. Want to know what your boss is thinking? Nominate them by answering indibreif@ft.com

quick question

do you think Zoharan Mamdani’s success Will more youths motivate youth to join politics? Tell us below.

(Additional Questions – Will they be more socialist than capitalist? Hit or write or write to me indibreif@ft.com,

Bazar round

On Friday, we asked: Which person of Indian origin, who graduated from Harvard with a degree in visual and environmental study, was in the news for his son’s success this week?

The answer is, of course, filmmaker Meera Nair, whose son Zoharan Mamdani New York Democratic Primary won.

Ram Teeja The first to write with the correct answer was then Agreo conscience And Anirudha Dutta, Bala, PV Kannan And Juzar Motivala All were too early.

Congratulations!

We are receiving tremendous reactions for Bajer these days. Thank you all for participating!

Thank you for reading. India Business Briefing is edited by T Zoo. Please send the response, suggestion (and gossip) indibreif@ft.com,