Good morning. We have some exciting news that we are waiting to share with you. Last week, India Business Briefing launched the best at the publisher Newsletter Awards in London, in which the jury called us “a standout example of localization with audience centric and global standards”. This newspaper was started with the intention of writing About this India For The comments of India, and judges, are thrilling because it shows us that we have been on the course on our original intentions.

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friendly fire

It has been a week -long diplomatic action among geopolitical tensions, which did not go well for India. So let’s take stock, start together G7 meeting in KananaskisCanada.

Prime Minister Narendra Modi met his newly chosen Canadian counterpart Mark Carney, and began the process of repairing a bilateral relationship, which was implicated after Sikh-separatist leader, Hardeep Singh Nijar. Killed in 2023Both countries have decided to re -appoint high commissioners and restore regular services for citizens and businesses in their consulates. After the meeting, Modi also said that areas such as trade, clean energy and important minerals, others offered immense capacity. When asked by Canadian media, Carney questioned Nijar’s case. So far, he has taken a different view from his predecessor, Justin Trudeau. But the real test for this reception reset in relationships will come when the next Khalistan-related issue would leave its head behind.

Modi was also scheduled to meet Donald Trump on the occasion of the conference, before Trump suddenly returned to America. Instead, he received a 35-minute call with the US President, during which he said that India would not accept the third-party mediation on the issue of Kashmir. He also denied Trump’s claim that a trade deal with the US had affected India’s decisions during the military stand-off last month. If it was an attempt to set Modi’s record straight, it failed; After his call, Trump reiterated his claim that he “stopped the war”.

it gets worse. On Wednesday, Trump hosted Pakistan’s army chiefAsim Munir, for lunch, and announced that he loves the country. It is a marked U-turn from his first term, when he called the country a safe shelter for terrorists and accused it of being a “fraud”. The emphasis of India’s foreign policy, when it comes to the Kashmir issue, is to ensure that Pakistan has not been given equal validity by global leaders. However, it has been difficult with Trump’s brand’s eccentric diplomacy.

Modi made a mistake of relying on his warm personal relationship with Trump, a diplomatic strategy India has trusted this with the US President and other leaders for the past decade. But in the new global reality of multi-polar chaos, personal friendship does not count much. India is immediately needed by friends and supporters in the region and the West for the reasons for national security and economic development. Clashes from across the border with China had barely finished before Pahgam Terror Attack Strike.

But now, even the Prime Minister is probably realizing that the relationship is transaction and anyone can be counted on your corner. India’s multiplication changes have worked in some areas such as trade, but it has failed to make a meaningful partnership in other areas. In the light of all this, New Delhi should have a serious reconsideration about its approach in this new world system. Old rules no longer work.

What do you think about India’s diplomatic strategy? Kill or email me indibreif@ft.com

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Bad apple

India’s stock market regulator SEBI has stopped Sanjeev Bhasin, former director of Broking House Iifl, from the capital market for fraud trade practices. SEBI claimed that Bhasin, who often appeared on TV and more than 750,000 followers in YouTube, LinkedIn and X, were in front. According to the regulator, Bhasin buys shares first, then suggesting them on their channels, and finally his followers sold them in profit after purchasing in stock. SEBI also imposed some RS110MN ($ 1.2MN), alleging that Bhasin and 11 other institutions and individuals were sick benefits, which was said that it was involved in manipulation in the market.

For a few years now, SEBI has been trying to fulfill the problem of investment gurus and finance affected people who are cheating their audiences under the guise of stock tips. It has made registration mandatory for these influencers and has banned its use of live stock market data earlier this year. Authorities have also stopped some of these people from doing business, including very popular Asmita Patel, who used to call themselves “”.Stock market shee“. But none of it has been really effective.

Social media and messaging platforms, especially on Telegram, have access to thousands of reliable followers who buy shares that are being recommended without any hard work. The suspects follow the two strategies affecting. One, they are in front of Sanjeev Bhasin, who have been accused. Or two, they collide. A small ring of people who are on it, buying and selling a stock between them, increasing their price before closing their followers. These followers then look at the previous pace in the increase in the price of stock and assume that it is valid and will continue.

This is a dark side to increase retail participation in the Indian stock market. SEBI is responsible for ensuring that investors are safe, and in influencing this misconduct, its efforts are commendable but inadequate. It has to come up with a comprehensive strategy. For experts appearing on television, SEBI should consider placing the platform responsible for properly veating these so -called experts. And it should work with social media companies to come up with a certification strategy for these “finfluensers”. Topical orders that prevent some bad apples from the market barely scratch the surface of this issue.

go figure

The BUSS family, who owns Los Angeles, is Closure Mark Walter, Chief Executive Officer of Gugneheim Partners to sell his majority stake in the team. When complete, it will be the biggest sales of a sports team.

Read, see, see

In the Delhi-NCR (National Capital Region), the weather is either very hot or very wet this week, I have done greatly in addition to flopping in front of television. My daughter is home for summer from college and we are doing our work through Netflix series, YouIt is a psychological drama about a young woman, an ambitious writer and the man who has a passionate interest – from the stagker’s point of view. It is scary and chilling. I would switch on something light, if only I had energy for it!

Australian writer is Helen Garner One of my favorite writers(She is now running a moment in the International Press, writing a long profile about her with New Yorker and Guardian. It bothers me a little, it is suddenly like finding a crowd of Instagram affected outside her favorite dive bar). I recently managed to find a copy of his old book, Consolation of the SinakIt has a brilliant account of killing a young man in Australia in 1997, and is a case of two Indian -origin women who were accused. It is an ideal Garner book. No one else is able to see any crime and see the entirety of human experience in it.

Tomorrow is World Yoga Day. Would you be rolling your mat? tell me.

Bazar round

Which prestigious film released 50 years ago was a real threat to the beach hotel business and scuba-diving industry, which launched it?

Send your answer indibreif@ft.com And check the Tuesday’s newspaper to see if you were the first person to correct it.

Quick answer

On Tuesday, we asked: Where will the oil prices take the stress of Israel-Iran? Here There are results. About 60 percent of you estimate that this is about $ 90. It is currently at $ 77.

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