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The government has restricted bulk diesel purchases from retail stations to 200 litres per customer and banned reselling to prevent diversion. This measure addresses a significant price gap between bulk and retail diesel, which had led to shortages and disruptions for ordinary consumers. The order remains in effect for 90 days.

Grid India suggests a steering committee for power market coupling. This body would include CERC, Grid India, and power exchanges. The move contrasts with the regulator's draft norms proposing a single operator. Grid India cites European experience and potential single points of failure with a sole operator. This approach aims for efficiency and transparency in the electricity market.

India's market for cheaper anti-obesity drugs has surged tenfold. While demand is high, especially among those with diabetes, concerns about misuse for cosmetic reasons are growing. Regulators are intervening in advertising. The drugs also have side effects and can lead to weight regain. This boom is impacting pharmaceutical research priorities.

Cupid Breweries and Distilleries will acquire an operational alcoholic beverage manufacturing unit in Odisha from United Spirits Limited. The deal is valued at Rs 22.5 crore. This acquisition is a significant step in Cupid Breweries' expansion strategy. The unit has a substantial production capacity. Diageo India is divesting non-core assets as part of its strategic focus.

India's telecom department has removed licensing for 5.9 GHz and 77-81 GHz spectrum bands. This move will enhance passenger safety in vehicles. It will also enable the development of autonomous vehicles. Cars and traffic systems can now communicate in real-time. This will make roads safer and reduce congestion. The decision supports connected and autonomous mobility.

A new train service, the Madgaon–Karwar Express, has been launched. Union Minister V Somanna flagged off the service from Madgaon Railway Station. This initiative enhances rail connectivity between Goa and Karnataka's coastal regions. The service aims to offer convenient travel for commuters, students, tourists, and business travelers. It is expected to boost tourism, trade, and socio-economic development in the area.

The restrictions are effective from the closure of business hours on Friday for a period of six months and are subject to review, the Reserve Bank of India (RBI) said in a statement.