Latest Developments

Asia
The Hindu BusinessLine

Indian team ranks first at International Physics Olympaid; all five members clinch gold

India put up a stand-out performance at the 56th International Physics Olympiad (IPhO) 2026, held in Colombia from July 5 to July 12, with five Indian students clinching Gold medals. In the country-wise medals tally, India was placed at the first position, jointly with China, Kazakhstan, Russia, South Korea, and Taiwan. This is the second time that India has won five gold medals at the IPhO, the other occasion being in 2018. This was India’s 27th appearance at the IPhO. In all these years, nearly 44 per cent of Indian students have won gold medals, another 41 per cent silver, 10 per cent bronze, and 5 per cent honourable mentions, representatives of Homi Bhabha Centre for Science Education, the anchor institution for the Indian team, said. In the last ten years, all Indian students at IPhO have won either gold (62 per cent) or silver (38 per cent) medals. The special prize for overall winner went to a South Korean student; the award for best in the experimental component went to a student from Iran. In all, 51 gold, 80 silver, and 97 bronze medals were awarded. A total of 381 students from 85 countries participated in the competition. The 5-hour theoretical competition featured three problems based on diverse topics like the thermodynamics of paramagnetic cooling, photoionisation of ozone, and dynamics of electron-positron pairs, among others. As per information from HBCSE, all the Indian students excelled in the theoretical examination, some reaching close to perfect scores. “The experimental competition, also of 5 hours, challenged students to explore several phenomena related to thermodynamic processes in fluids and heat transfer. The Indian students also performed remarkably well in the experimental component,” HBCSE representatives said. Prof. Anwesh Mazumdar of HBCSE - TIFR, who accompanied the team to the event, told businessline that across both theory and experiment round, the team displayed “exceptional diligence” leaving little scope to deduct marks. “According to the data that we have, 64 per cent of Olympiad medallists have chosen an academic career (defined by pursuing a PhD, in any subject)., and 32 per cent of medallists, academic or not, have settled in India,” he added, speaking about the career path of physics Olympians. The team comprised Kanishk Jain from Pune, Riddhesh Anant Bendale from Indore, Rishit Garg from Dwarka, New Delhi, Shresth Suraiya from Mumbai, and Svarit Joshi from Ahmedabad, who all won gold. Prof. Anwesh Mazumdar of HBCSE - TIFR, Mumbai, Dr Leena Joshi of St Xavier’s College, Mumbai, and two Scientific Observers Prof. Ananda Dasgupta of the Indian Institute of Science Education and Research Kolkata, and Nisha Kelkar of Gogate-Joglekar College, Ratnagiri accompanied the Indian team contingent. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Indian team ranks first at International Physics Olympaid; all five members clinch gold
Asia
The Hindu BusinessLine

Maharashtra starts ₹150-crore electric boat manufacturing hub for Mumbai Water Metro

India’s electric mobility push is expanding from roads to waterways, with Maharashtra government signing an agreement with Zoya Marine Services Pvt Ltd on Friday to establish a ₹150-crore electric boat manufacturing facility in Sindhudurg for the ₹6,067-crore Mumbai Water Metro. The first phase of the project is targeted to begin commercial passenger operations in December 2026, creating one of India’s first dedicated manufacturing ecosystems for urban electric ferries while supporting what could become the world’s largest urban water transport network. The agreement, signed at Mantralaya in the presence of Maharashtra’s Minister for Fisheries and Ports, Nitesh Rane, will see the company develop a state-of-the-art manufacturing facility over nearly 22 acres at Talawane in Sawantwadi taluka. The plant will manufacture advanced electric-hybrid passenger boats designed specifically for Mumbai’s water metro corridors, reducing long-term dependence on imported vessels while creating skilled employment and strengthening the state’s maritime manufacturing capabilities. The investment is backed by one of India’s most ambitious urban water transport projects. Approved by the Maharashtra government earlier this year, the Mumbai Water Metro will span up to 250 km in its initial phases, eventually expanding to a network of about 340 km of waterways connecting Mumbai, Thane, Navi Mumbai, Vasai and Panvel. The project is expected to comprise around 21 routes, up to 49 terminals and a fleet of more than 200 electric-hybrid ferries, making it one of the world’s largest urban water transport systems. “Our government is strategically steering the development of the Konkan region with a strong focus on ecological responsibility. Alongside sustainable maritime initiatives, we are promoting high-impact, eco-friendly tourism projects to create employment, strengthen the regional economy and build long-term, green growth,” Rane said. Rather than building the system from scratch, Maharashtra is leveraging the operating model pioneered by the Kochi Water Metro. Kochi Metro Rail Ltd (KMRL), which developed India’s first integrated urban water metro, prepared the project’s feasibility study and Detailed Project Report after winning a competitive bid from the Maharashtra Maritime Board. KMRL is also expected to support implementation to replicate metro-style operational standards, including integrated ticketing and passenger management systems. While domestic manufacturing capacity is being created, the State is simultaneously introducing advanced international technologies. Earlier this year, Maharashtra imported Sweden’s Candela P-12 electric hydrofoil ferry for evaluation. The vessel uses computer-controlled hydrofoils to lift its hull above the water, reducing drag and lowering energy consumption by as much as 80 per cent while cruising at speeds of 40-46 kmph. The State is also evaluating larger electric vessels from European shipbuilders for high-capacity routes. Officials are additionally exploring programmes that would help traditional boat operators convert existing diesel-powered boats into electric propulsion systems, extending the transition to cleaner marine mobility beyond the water metro fleet. For India’s electric mobility industry, the project represents the emergence of a new manufacturing segment. Beyond producing ferries, it is expected to create demand for marine battery systems, electric propulsion technologies, charging infrastructure, lightweight aluminium hulls, power electronics and digital navigation systems. As more cities evaluate water metro projects under the Centre’s draft National Water Metro Policy, the Sindhudurg facility could evolve into a manufacturing base serving a broader domestic market for electric boats, positioning Maharashtra at the centre of India’s emerging green marine mobility ecosystem. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

Maharashtra starts ₹150-crore electric boat manufacturing hub for Mumbai Water Metro
North America
CNBC Economy

'Funflation' hits home: Why staying in isn't the cost-saver it used to be

For decades, video games have been a go-to hobby for Alyx Green. But in recent years, Green has felt priced out. Instead of buying the biggest releases, the Illinois graduate student has opted for cheaper alternatives from smaller studios or turned to board and card games. In some cases, the 31-year-old watches videos of others playing hot games on YouTube in lieu of actually playing. U.S. consumers have for years grappled with "funflation," used to describe the sharply higher prices for live experiences like concerts or sporting events that were halted during pandemic lockdowns. Sticker shock first felt by consumers outside the home is now following them into their living rooms. After a wave of price hikes from some of the world's largest companies, including Amazon, Apple and Netflix, even at-home pastimes like streaming movies or playing video games are pinching the pocketbooks of consumers like Green. Exclusive data analyzed for CNBC by PNC Financial Services shows that, as pricing pressures mounted, the average consumer pulled back on home entertainment in June compared with a year ago. That was most prominent among Gen Z and Millennial consumers, who each cut their transactions by about 4%. "We're seeing that very clearly in things like travel, entertainment, concerts," LeBlanc said. Now, "we're also starting to see it more in home leisure." Microsoft's Xbox and Apple each announced price hikes for devices in late June, which Apple acknowledged in a statement was "not welcome news." A month earlier, Nintendo said that it was raising the price of its Switch 2 in the U.S. by 11%. Companies blamed higher prices on more expensive components as a result of the artificial intelligence-driven memory chip crunch. Deborah Weinswig, founder of Coresight Research, said some of the increases could price out consumers. Xbox CEO Asha Sharma said in recent interviews that gaming is becoming unaffordable and that the company will focus on making less-costly consoles. Microsoft announced this week that it was laying off thousands of workers in its Xbox unit and spinning off several gaming studios. "We've reached a point where it will be hard to imagine that mass audiences can afford thousands of dollars to spend on a console generation," Sharma said on stage during a Fortune event early last month. Computers and related devices had gotten cheaper over time, adjusted for inflation and their capacity, as production became more efficient. But that trend has begun to reverse as component costs take off, meaning the disinflationary relief for shoppers looks to be coming to an end, said Elizabeth Renter, NerdWallet senior economist.

'Funflation' hits home: Why staying in isn't the cost-saver it used to be
North America
CNBC Finance

A tiny GLP-1 implant is the latest bet to help patients maintain their weight loss

Losing weight with GLP-1 drugs is only half the battle. Keeping it off long term has proved even harder. Factors such as side effects, high out-of-pocket costs, injection fatigue and stigma around obesity treatment drive troves of patients – some studies estimate roughly half or more – to stop GLP-1s within a year and risk regaining the weight they lost. Years from now, Vivani Medical believes a tiny GLP-1 implant placed under the skin could help address that problem. The biotech company is in the early stages of developing an experimental implant of semaglutide, the active ingredient in Novo Nordisk's blockbuster obesity injection Wegovy and diabetes counterpart Ozempic. The Danish pharma giant announced on Tuesday a new agreement with Vivani to evaluate its lead semaglutide implant, NPM-139. Vivani envisions patients would initially use it as a maintenance treatment rather than a therapy people take when they start GLP-1s. Under that approach, patients would first reach an appropriate dose of semaglutide using existing injections or pills, then potentially switch to the implant for longer-term treatment. If everything goes to plan, Vivani believes the device could eventually serve as a convenient option administered just twice a year — or even once annually — to help patients stay on therapy and maintain weight loss, while potentially reducing some side effects associated with existing GLP-1 medicines. "It's really critical to have options that make it easy for people to get the full benefits of these treatments and to not discontinue at the rates we're seeing," Vivani President and CEO Adam Mendelsohn said in an interview. "What these drugs are capable of is not being carefully taken advantage of right now." But the implant is still at least several years out from living up to that promise. The device needs to clear several clinical trials and regulatory hurdles before reaching patients. Some endocrinologists and other doctors said there could be demand for an implant, but they also want to see concrete data on how effective it will be compared with existing medicines and how well patients will tolerate it. They also raised questions about whether providers would be willing to adopt it. "I really want to see that this is going to work well and deliver results for patients, but I also want to see that it's something that my patients can stay on long term," Dr. Miranda Stiewig-Rapp, director of UC Davis Health's Obesity Clinic, said in an interview. "I'm probably overall very skeptical, but I'm happy to be proven wrong." The potential cost of the implant and whether insurers would cover it if approved also remain unclear. That makes it difficult to estimate what the implant's sales could be in a GLP-1 market that some analysts expect could exceed $100 billion by the early 2030s. In a statement to CNBC, Novo Nordisk confirmed the agreement with Vivani and said it is focused on complementing its internal research and development efforts with external innovation.

A tiny GLP-1 implant is the latest bet to help patients maintain their weight loss
Asia
The Hindu BusinessLine

India’s auto retail sector aims for 3 crore sales amid financing overhaul

India’s auto retail industry is on track to cross the three-crore annual vehicle sales milestone this fiscal year, underpinning a vehicle finance market estimated at around ₹2.65 lakh crore and a motor insurance industry nearing ₹1.25 lakh crore. As the financial ecosystem expands, automobile dealers are urging banks, NBFCs and insurers to adopt dealer-centric credit models, real-time funding dashboards and integrated digital platforms to improve working capital, reduce settlement delays and enhance customer experience. The issues came into sharp focus at the Federation of Automobile Dealers Associations’ (FADA) fifth Banking & Insurance Summit on Friday, where FADA President C.S. Vighneshwar joined senior executives, including Abhinav Garg of AU Small Finance Bank, Baneswar Banerjee of Mahindra & Mahindra Financial Services, Puneet Dhawan of Tata Capital, Rohit Chhabra of ICICI Lombard General Insurance, Gurpreet Singh of New India Assurance, Neelakanta M of IFFCO Tokio General Insurance and Suraj Vasudev of SBI General Insurance, to deliberate on the next phase of automotive retail finance and insurance. The discussions reflected a broader shift in India’s automotive retail ecosystem. While the first phase of digitisation focused on faster loan approvals, digital documentation and claims processing, experts at the FADA banking and insurance summit said, “the next phase will centre on connected financial infrastructure that improves dealer liquidity, shortens cash cycles and gives retailers real-time visibility across financing and insurance operations”. The discussions highlighted measurable gains across the ecosystem. Insurance claim turnaround has reduced from nearly two months to a matter of days, FADA’s finance satisfaction score has improved to 841 from 786, and retail funding penetration has reached around 80 per cent. Dealers, however, said the next phase must focus on dealer-centric underwriting, real-time financial visibility and seamless digital integration. “Insurance and finance are perhaps the two most important partners we work with. One covers the risk of the vehicle, while the other facilitates vehicle ownership. We also use this platform to highlight dealers’ common pain points,“ said C.S. Vighneshwar, President, FADA. Calling finance “the oxygen of our business,“ Dr Sachin Sharma, Governing Council Member, FADA, said faster financing remains critical even as technology transforms the retail ecosystem. Panelists said AI-led underwriting, e-KYC, digital bank statement analysis and automated document verification have reduced many loan approvals from days to minutes, with automated systems increasingly enabling approvals even outside traditional banking hours. A key theme at the summit was the need to move beyond OEM-linked lending models. Dealers argued that funding should increasingly reflect a dealership’s own financial strength, profitability and repayment record, rather than the brand it represents. “Everybody should be scored based on dealer performance, financial strength and track record. It should not be purely from the OEM lens,“ said Baneswar Banerjee, Head of Automotive Loans, Mahindra & Mahindra Financial Services, reflecting the broader consensus that dealer-level credit assessment would improve access to working capital and create a more transparent funding framework. Participants also backed integrated dealer portals offering real-time visibility into inventory funding, credit limits, interest costs and transaction history, replacing periodic statements with connected digital platforms. “Dealers will definitely get a dealer portal where they can raise queries and access real-time information,“ said Puneet Dhawan, Business Head – Medium & Commercial Vehicle Finance, Tata Capital, indicating such capabilities could be rolled out as lenders move towards one-to-many digital integration. Insurance executives said digital claim intimation, e-surveys, automated documentation and AI-enabled workflows have significantly improved claims processing. However, a recent FADA survey found 65 per cent of dealers still cited survey appointments and claim approval turnaround as major pain points. Rohit Chhabra, Head of Motor Insurance & Extended Warranty, ICICI Lombard General Insurance, said that greater visibility across every stage of the claims process would improve transparency for both dealers and customers. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

India’s auto retail sector aims for 3 crore sales amid financing overhaul
North America
CNBC Finance

Used EVs keep getting more expensive amid Iran war, high gas prices

DETROIT — The Iran war and high U.S. gas prices are causing a surge in demand for used all-electric vehicles, which is making the pre-owned vehicles more expensive, according to Cox Automotive. The company on Wednesday reported that its Manheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 12% last month compared with June 2025. That compares with a 1.7% increase for non-EVs over the same period. Wholesale EV prices have increased every month this year, leading to an 11.5% jump in average pricing to roughly $30,400, according to Manheim. Non-EVs, meanwhile, have seen a less than 1% increase this year in average pricing, to $19,125, Manheim said. The average used EV listing price as of May was $37,083, according to Cox's Kelley Blue Book. Retail prices for consumers traditionally follow changes in wholesale prices. "EVs continue to show strong performance, while prices for SUVs and Pickups falter compared to this time last year," Manheim said in a release. Cox reports used EV sales to consumers reached 42,923 units in May, up 5.5% month over month and 24.7% year over year, with used EV market share holding at 2.8%. Tesla models are estimated to have led with 15,353 units sold, followed by sales of Hyundai, Chevrolet, Ford and BMW all-electric vehicles. Jonathan Gregory, senior director of Cox Automotive, said gas prices are expected to continue to determine whether vehicle costs will rise amid an expected influx of off-lease EVs coming later this year. A growing number of used EVs are expected to the market through the end of the year after automakers bumped up their sales of all-electric vehicles with leasing offers three years ago. "The risk we're watching for the second half is that steep ramp in off-lease supply, EVs especially, which could pressure specific segments even as the headline holds firm. Gas is the swing factor: If pump prices keep falling, some of that EV demand could fade as availability increases," Gregory said. AAA reports the national average for gas prices is up roughly 21% from a year ago, to a national average of $3.80 a gallon. Those prices have come down from recent highs, but escalating combat in Iran caused oil prices to jump Wednesday. The increased demand and rise in the price of used EV are contrary to those for new all-electric vehicles. Many automakers reported that they saw sharp sales declines for new EVs during the second quarter. Aside from automakers pulling back billions of dollars for new EVs, the year-over-year comparison is difficult. EV demand began to spike last year during the second quarter ahead of expectations that the Trump administration would end up to $7,500 in incentives for consumers to purchase an EV.

Used EVs keep getting more expensive amid Iran war, high gas prices
Asia
The Hindu BusinessLine

Dovetail eyes custody business; raise ₹100 crore to fund next growth phase

Independent asset servicing firm Dovetail is set to enter the custody business, a move that would complete its ambition of becoming a full-service platform for global investors accessing India. The company plans to apply for a custody licence within the next 30-45 days, betting on the growing opportunity in asset servicing as foreign and domestic investment flows into India continue to rise. The company already provides clearing, fund administration and platform solutions, and sees custody as the missing piece in its offering. With India’s market capitalisation projected to triple to $12 trillion over the next decade, Dovetail sees custodial services as a lucrative, volume‑driven opportunity. By offering a one‑stop shop—from fund setup and compliance to clearing and custody—the company aims to challenge entrenched banks and position itself as the go‑to gateway for global investors accessing India. To support this expansion, Dovetail has raised ₹100 crore from a venture capital fund, comprising ₹70 crore of fresh equity infusion and ₹30 crore through a promoter stake sale. The capital will be used to meet regulatory requirements for the custody business, strengthen the balance sheet and support expansion into new markets. “We will apply for the custody licence over the next 30-45 days. Regulatory capital requirements stand at ₹50 crore, with discussions to raise this to ₹75 crore. The fresh funds ensure we are well-prepared,” said co-founder Dev Sampat. Founded by former Kotak executives, Dovetail has built a business model independent of large banking groups. Its clearing business processes 15-16 lakh trades a day, with average notional derivative volumes of $64-65 billion. Beyond clearing, Dovetail administers mutual funds in GIFT City, manages around 40 funds out of Singapore, and has received approval for third-party fund management solutions. The company now plans to expand its administration business into new jurisdictions such as Mauritius and the UAE, while strengthening its presence in Singapore and Dubai’s DIFC. Mauritius, despite declining as a foreign portfolio investment hub, still accounts for 20 per cent of India’s FDI inflows, alongside Singapore’s 30 per cent. Capturing these flows with substance‑based operations and compliance expertise is central to Dovetail’s strategy. According to co-founder Mahesh Shekdar, the fundraise is not only about capital but also about strengthening the company’s credibility as it expands internationally. “We are profitable with a strong net worth, but institutional money brings validation and confidence as we enter more jurisdictions,” he said.

Dovetail eyes custody business; raise ₹100 crore to fund next growth phase
Asia
The Hindu BusinessLine

Rural demand drives commercial vehicle retail growth in June 2026; Tata Motors and M&M strengthen lead

Tata Motors retained its leadership with sales of 30,991 units in June 2026, up from 25,311 units a year earlier, registering growth of 22.4%. | Photo Credit: ANI India’s commercial vehicle (CV) industry reported healthy growth in June 2026, with retail sales rising 17 per cent year-on-year to 90,972 units from 77,836 units in June, 2025. Rural markets emerged as the key growth engine with a 22 per cent year-on-year growth, significantly outpacing the 13 per cent growth in urban areas as goods-movement activity strengthened across smaller towns and hinterland regions, according to Federation of Automobile Dealers Associations (FADA) research data. Dealers cited steady freight activity, e-commerce-linked movement and normalising supplies, FADA said. According to FADA data, the growth was led by Tata Motors and Mahindra & Mahindra, both of which strengthened their positions in the market, while some established players such as Ashok Leyland and VE Commercial Vehicles lost market share despite higher volumes. Tata Motors retained its leadership with sales of 30,991 units in June 2026, up from 25,311 units a year earlier, registering growth of 22.4 per cent. Its market share improved by around 2 percentage points, reinforcing its dominance in the CV segment, according to FADA data. Mahindra & Mahindra emerged as the second-largest player, reporting sales of 25,015 units compared with 20,483 units in June 2025, a growth of 22.1 per cent. Within this, Mahindra & Mahindra Ltd accounted for 23,241 units, while Mahindra Last Mile Mobility Ltd contributed 1,774 units. Ashok Leyland recorded sales of 15,337 units, up from 14,152 units a year ago, posting growth of 8.4 per cent. However, its market share declined. Its subsidiary Switch Mobility Automotive nearly doubled its volume to 308 units in June 2026 as against 159 in June 2025. The industry performance reflects strong demand for medium and heavy commercial vehicles, light commercial vehicles and last-mile mobility solutions, while competitive pressures remain intense for smaller OEMs and niche players, industry trackers said. Poonam Upadhyay, Director, Crisil Ratings, said the healthy year-on-year growth points to broad-based strength in demand across key sectors of the economy. Robust growth in Light CVs and Medium CVs reflects sustained momentum in logistics, regional transportation and passenger mobility, supported by economic activity and infrastructure development. Heavy CV growth was relatively moderate at 8 per cent, reflecting the sector’s continued shift towards higher-capacity vehicles that enable greater freight movement per vehicle and enhance fleet productivity, she said. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Rural demand drives commercial vehicle retail growth in June 2026; Tata Motors and M&M strengthen lead
Asia
The Hindu BusinessLine

GEMA refutes allegations of vehicle damage from ethanol-blended fuel

Dismissing claims that ethanol-blended fuel damages vehicle engines or drastically reduces mileage, Grain Ethanol Manufacturers Association (GEMA) President C K Jain has thrown down a gauntlet to critics, challenging them to prove their allegations. He also debunked the narrative that thousands of litres of water are wasted to produce a single litre of ethanol, labelling it a false claim. In reality, he noted that manufacturing one litre of ethanol requires just five litres of water. “Check for yourself if your vehicle or its engine has sustained any damage. If you believe it has been damaged [by ethanol-blended petrol], come to us. On the flip side, if there is no damage, you should still put out the right information. Even the authorized service centres of vehicle manufacturers have not reported any such incidents,” Jain told businessline. Having said that, Jain conceded that there was a three-five per cent drop in mileage, but other than that there were no major issues. “We know that majority of the vehicle owners are tax payers and losing 3-5 per cent in mileage is a concern for them, but that shouldn’t be a problem if you think of reducing pollution and save the country’s foreign exchange. So, it is a gain for them and not a loss,” he noted. Asked whether E20 petrol is costlier to produce than conventional petrol when international crude prices are around $70 a barrel, which even the government has acknowledged, Jain said prices would continue to rise if we depend on crude imports. “Our major import bill is crude. Do you think our future generation also keep depending on oil imports whether from West Asia or Russia? We have to think of alternatives and if they have oil wells, we have the land and farmers, so why not explore them. We should not compare what is costlier and what is not,” Jain explained. He said India has enough ethanol manufacturing capacity, which is already set up at 1,800 crore litres, while current consumption is around 1,200 crore litres only. Therefore, the capacity was more than the requirement. “Our aim should be maximum self reliance. So we have to try for 85 per cent of ethanol blending...100 per cent replacement (of crude oil) is not possible, but we can try for at least 25-30 per cent blending, which is possible,” he said. Disagreeing the reports of thousands of litres of water is wasted to generate one-litre of ethanol, Jain said, “When it (feedstock) comes to the factory, the conversion rate is five litre of water to a litre of ethanol, not in 1000s, and we are proceeding towards 3.5 litre of water to a litre of ethanol. Engineers are working on that. When you say 1000s, you are adding up from the time of irrigation to rain-fed, which is not correct,” Jain argued. He said 50 per cent of the irrigation of any crop is done through rain waters and rain water harvesting, so people should calculate through real terms. “Don’t you calculate your water intake daily from the number of glasses that you drink? What if you start calculating your body water intake from the water used in your sugar intake, your food preparation or even a bread that you eat? You cannot calculate like that,” Jain quipped.

GEMA refutes allegations of vehicle damage from ethanol-blended fuel