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    Dalmia Bharat nears deal for JAL cement assets after Adani insolvency takeover: sources
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    Europe faces stray Ukrainian drones as Kyiv targets Russian oil exports
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    Banks asked not to link crop loan sanction to farmer's CIBIL score: CM Fadnavis
    How Zell Education Helps CFA Students Navigate the Future of Finance
    Rupee recovers 49 paise from all-time low to settle at 96.37 against US dollar
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May 21, 2026
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Insolvency-driven cement asset acquisition advances as disputes are settled and prior challenges around the business are resolved.
Cement assets of Jaiprakash Associates Ltd. are proposed to be acquired by Dalmia Bharat Ltd. after JAL's acquisition through the insolvency process. The transaction concerns JAL's cement and clinker capacities and follows earlier legal hurdles linked to a shareholder dispute. Dalmia Bharat has also signed an agreement with JAL and the Adani Group to settle disputes, pending legal proceedings, arbitral awards and prior framework arrangements relating to the cement business.
May 21, 2026
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Corporate governance and ESG collaboration expands knowledge exchange, capacity building, research and policy support across capital markets.
NISM and IICA have entered into a Memorandum of Understanding to strengthen corporate governance, ESG and capital market development through long-term institutional cooperation. The collaboration covers knowledge exchange, research, policy support and capacity building, including joint training programmes, certification courses, executive education, sustainability and ESG reporting, BRSR, investor education, board governance, market integrity and emerging regulatory frameworks.
May 21, 2026
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Drone incursions into Baltic airspace raise air defence concerns amid claims of Russian electronic interference.
Ukrainian drone operations against Russian oil-export and energy infrastructure in the Baltic Sea region have repeatedly led to drones straying into neighbouring Baltic and NATO airspace. The incidents have prompted concern over airspace security, civilian safety and the adequacy of eastern flank air defences, while some Baltic officials have criticised Ukraine over the violations. Ukraine says the drones were intended for Russian military targets but were diverted by Russian electronic interference, including jamming and spoofing.
May 21, 2026
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Accessible financial services for persons with disabilities require inclusive design, training, and barrier-free delivery across banking channels.
Accessible and inclusive financial services for Persons with Disabilities are promoted through Accessibility Standards and Guidelines for the Banking and Financial Services Sector, prescribing equitable access through physical, digital, and phygital modes. Accessibility is treated as an essential part of customer experience, digital inclusion, and equitable financial participation, while financial institutions are encouraged to strengthen accessibility awareness through policy support and periodic training.
May 21, 2026
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Enterprise AI orchestration enables governed execution by unifying workflows, decisions, content, communications, and AI agents.
Enterprise AI deployment is being repositioned from isolated experimentation toward a governed execution model in which workflows, decisions, content, communications, systems and AI agents operate as a unified orchestration layer. The platform is designed to embed intelligence directly into enterprise operations so that automation, decisioning and communications function within one continuously adaptive environment rather than through disconnected tools and integrations. The operational emphasis is on governance, compliance, auditability, explainability and human oversight for regulated enterprises.
May 21, 2026
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Mandatory Ship To GSTIN capture and voluntary e-Way Bill closure streamline traceability and transaction completion.
Functional enhancements are being introduced in the e-Way Bill system to improve data integrity, traceability, and operational efficiency. In Bill-To/Ship-To transactions, capture of the Ship To GSTIN is being made mandatory during e-Way Bill generation, and where the consignee is unregistered the value "URP" is to be entered in that field. A voluntary e-Way Bill closure facility has also been introduced to enable closure after delivery of goods is completed, through the portal or through an API.
May 21, 2026
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Crop loan eligibility should not depend on CIBIL scores, while strict action is planned against forced fertiliser bundling.
Crop loan sanction should not be linked to farmers' CIBIL scores, and banks have been instructed not to make credit approval conditional on such conditions so that farmers are not harassed for creditworthiness issues. The review also covered the proposed farm loan waiver, while the administration warned against fertiliser dealers compelling farmers to buy additional products and noted licence action for violations.
May 21, 2026
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CFA qualification supports finance careers through analytical training, ethical standards, and structured preparation across progressive program levels.
CFA qualification is presented as a specialised pathway for careers in investment banking, investment management, financial analysis, corporate finance, portfolio management, equity research, and wealth management. The curriculum is described as building analytical ability, industry knowledge, ethical standards, financial reporting competence, quantitative skills, economics, and portfolio management expertise, with growing global recognition driven by demand for finance professionals. The article also outlines the staged CFA programme and stresses that success depends on consistent study, discipline, guidance, and structured learning support.
May 21, 2026
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Rupee recovery against the US dollar follows easing oil prices, geopolitical relief, and likely central bank intervention.
The rupee recovered from its record low against the US dollar after crude oil prices eased and signs of softer geopolitical friction emerged, with traders also citing likely central bank intervention. Market participants said forward pricing still reflected a weakening bias for the currency over the next 12 months, while attention remained on geopolitical developments and the upcoming monetary policy review.
May 21, 2026
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India-US economic partnership builds trusted supply chains, industrial growth, MSME certification support and long-term manufacturing transformation.
India and the United States are described as natural partners with strong complementarity across technology innovation, defence, digital data centres, quantum computing and medical devices, supported by mutual trust, respect for intellectual property rights and shared economic interests. Industrial development is presented as shifting toward an area-based model through a scheme for new industrial parks integrating infrastructure, worker housing and social amenities, while improved infrastructure, lower logistics costs, renewable energy growth and digital connectivity support manufacturing, design, innovation and global capability centres. Support for MSMEs, stronger testing and quality infrastructure, PM Gati Shakti and long-term targets for a developed India by 2047 are also highlighted.
May 21, 2026
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Prohibited electronic cigarettes smuggling crackdown leads to seizure of concealed vape consignments imported through misdeclared cargo.
Illegal import of prohibited electronic cigarettes and other Electronic Nicotine Delivery Systems (ENDS) was intercepted in coordinated anti-smuggling operations across multiple ports, airports and ICDs. Acting on specific intelligence, the Directorate of Revenue Intelligence identified mis-declared consignments, traced the goods to China, and seized nearly 3,00,000 electronic cigarettes and vapes concealed in consignments described as furniture and metal chair parts. Electronic cigarettes and all ENDS are prohibited in India under the Prohibition of Electronic Cigarettes Act, 2019.
May 21, 2026
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Primary surplus target and fiscal consolidation shape Pakistan's IMF-backed reform agenda for budget planning and sustainability.
Pakistan reaffirmed a fiscal consolidation strategy centred on a primary surplus target of 2 per cent of GDP in FY2027, in discussions with the IMF ahead of the budget cycle. The consultations covered reform implementation and the FY2027 budget strategy under the Extended Fund Facility and the Resilience and Sustainability Facility, with emphasis on fiscal sustainability and resilience. The reform agenda included broadening the tax base, improving tax administration, enhancing spending efficiency and strengthening public financial management, alongside structural reforms in energy, state-owned enterprises, product market liberalisation and the financial sector.
May 21, 2026
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Responsible AI Governance partnership delivers deterministic, signed and offline-verifiable evidence for regulated AI compliance.
Global strategic partnership announced to operationalise Responsible AI Governance through a deterministic, signed and offline-verifiable evidence substrate. The arrangement combines governance consulting, masterclasses and platform-based controls to produce examiner-ready proof of AI decision-making and compliance activity. It also introduces three productised offers covering AI-governance readiness, sovereign data deployment and examiner-ready evidence compression for regulated environments.
May 21, 2026
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Current account deficit pressure prompts government monitoring, import restraint appeals, and policy steps under consideration.
Measures to contain a widening current account deficit are under consideration as the government monitors pressure from higher gold and silver imports, rising oil prices, foreign portfolio outflows, and a sharp fall in the rupee. The article notes that the deficit arises when imports and other outward payments exceed exports and other receipts, and says the government is working across departments while urging lower spending on import-dependent goods, including gold, foreign travel, petrol, and diesel.
May 21, 2026
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Trade negotiations and tariff measures shape India-US economic ties, alongside investment, supply chains and MSME support.
India and the United States are continuing negotiations on an interim trade arrangement and the broader bilateral trade agreement, with a further round of talks expected in India next month after earlier meetings in Washington. The trade environment also includes US tariff and investigation measures under Section 122 and Section 301, with India having submitted responses and consultations ongoing. The discussion further emphasised cooperation in technology, innovation, defence, digital data centres, quantum computing, medical devices, trusted supply chains, testing facilities, and faster payment practices for MSMEs.
May 21, 2026
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Freight cost surge is straining steelmakers as shipping disruptions raise logistics burdens and expose supply-chain vulnerabilities.
Global freight rates have risen sharply amid geopolitical tensions, increasing logistics costs for steelmakers dependent on imported coking coal and other raw materials. Domestic operations and production remain stable, but higher shipping charges are affecting input costs and exposing supply-chain vulnerabilities, especially for imported limestone and other sensitive shipments. The sector is responding by shifting to alternate sources, reducing fuel exposure, and strengthening operational resilience and cost control.
May 21, 2026
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Supply chain finance gaps sharpen as the 45-day MSME payment rule strains industrial distributors' working capital.
India's 45-day MSME payment rule has intensified working capital pressure across informal industrial supply chains by requiring companies to settle dues to micro and small enterprise suppliers within the tax-prescribed period while downstream buyers often continue to pay much later. The analysis presents this as a systems problem in supply chain finance rather than a pure credit-cost issue, because conventional bank lending structures rely on audited financials, collateral, and formal credit histories that most industrial distributors cannot furnish. A phased supply chain finance architecture is proposed around the anchor company's transaction data, commercial relationships, and payment behaviour. The model contemplates anchor-validated invoice financing for distributors, invoice discounting against receivables, and the use of platform-tracked sales, inventory movement, GST invoice trails, and repeat-order patterns as substitutes for traditional underwriting inputs.
May 21, 2026
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Export compliance and market access guidance for Indian exporters expands through a webinar and trade facilitation portal.
Indian exporters and MSMEs are being provided a webinar-based platform to understand pathways for exporting products to the United States, with particular focus on market access through Walmart. The initiative is designed to give practical guidance on supply chain requirements and compliance obligations relevant to exporters and suppliers seeking to bring Indian goods into the US retail market. The wider trade facilitation context includes the India-US Trade Facilitation Portal, developed to strengthen bilateral trade and business engagement by improving interaction among businesses, investors, institutions and other stakeholders.
May 21, 2026
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Trade surplus and semiconductor-led export growth shape Japan's April trade data amid energy supply pressures.
Japan recorded a sharp rise in exports and imports in April, with exports increasing for the eighth consecutive month and trade moving into surplus. Semiconductor shipments led the export growth, supported by stronger sales of medical products, paper goods and electrical machinery. Energy imports fell markedly because of disruption linked to the war in Iran and closure of the Strait of Hormuz, while higher oil prices and a weaker yen increased import costs.
May 21, 2026
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Loan recovery rules: RBI issues revised draft directions on recovery agents and technology-based default controls for consultation.
The Reserve Bank of India has issued revised draft Amendment Directions for public consultation on the conduct of regulated entities in recovery of loans and the engagement of recovery agents. The revised drafts incorporate stakeholder feedback, including proposals on technology-based mechanisms to restrict or disable certain functionalities of financed mobile devices in cases of borrower default. The consultation covers multiple categories of regulated entities and invites comments through the online portal or by email within the specified period.

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May 18, 2026

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New Delhi, May 17 (PTI) Following are the top stories at 5.25 PM: NATION DEL3 WASIA-MEA-UAE-NUCLEAR (09.21 PM)

Deeply concerned: India on drone strike near UAE's Barakah nuclear plant New Delhi: India on Monday voiced deep concern over a drone attack targeting the Barakah nuclear facility in the United Arab Emirates (UAE) as it marked a dangerous escalation in the West Asia conflict.

DEL26 CBI-LD NEET (02.47 PM)

Coaching centre founder arrested in NEET case New Delhi: The CBI arrested Renukai Career Centre founder Shivraj Raghunath Motegaonkar on Sunday over his alleged involvement in the NEET-UG paper leak, agency officials said on Monday.

DEL34 PAR-NTA-NEET (03.46 PM)

Parliamentary panel summons NTA chief; to review reforms, NEET-UG paper leak case on Thursday New Delhi: A parliamentary panel has decided to review the implementation of reforms in the National Testing Agency (NTA) as well as the NEET-UG 2026 paper leak case and has summoned NTA Chairperson Pradeep Kumar Joshi and other bureaucrats for deliberations.

BOM13 CG-SHAH-BASTAR-MARTYRS (04.08 PM)

Govt fully committed to permanent peace, last-mile development in Bastar: Amit Shah Jagdalpur: Union Home Minister Amit Shah on Monday said the government is fully committed to establishing permanent peace in Chhattisgarh's Bastar region and ensuring that development reaches the last person.

MDS23 KA-FUEL-KHARGE (01.19 PM)

PM Modi, Centre 'lack' foresight, responsible for rising inflation: Kharge Bengaluru: Hitting out at Prime Minister Narendra Modi and the Centre over the recent hike in fuel prices, AICC President Mallikarjun Kharge on Monday accused them of "lacking foresight" and driving up inflation in the country.

MDS35 KL-CABINET-LD DECISIONS (04.39 PM)

UDF govt announces welfare measures, free KSRTC travel for women from June 15 Thiruvananthapuram, May 18 (PTI) The newly sworn-in UDF government in Kerala on Monday announced a series of welfare measures, including free travel for women in KSRTC buses from June 15, enhanced honorarium for ASHA and Anganwadi workers, and the creation of a dedicated department for elderly people.

CAL28 WB-2ND LD CABINET (04.20 PM)

Bengal cabinet to discontinue stipends for religious leaders from June Kolkata: The West Bengal cabinet on Monday decided that assistance-oriented schemes currently in place based on religious categorisation for Imams, muezzins and purohits would be discontinued from June this year.

DEL25 ED-AAP-ARREST (02.39 PM)

ED arrests AAP leader Deepak Singla in money laundering case New Delhi: The Enforcement Directorate on Monday arrested AAP leader Deepak Singla in an alleged money laundering case following searches in Delhi and Goa, officials said.

DEL37 NCR-2NDLD DOWRY (04.03 PM)

Woman 'jumps to death' over dowry harassment in Gr Noida; husband held Noida: A 24-year-old woman died allegedly after jumping from the terrace of her three-storey matrimonial house in Uttar Pradesh's Gautam Buddh Nagar district following harassment by her in-laws over dowry, police said on Monday.

LEGAL LGD7 SC-BAIL-LD UAPA (12.24 PM)

Bail is rule, jail exception even in UAPA cases: SC grants bail to narco-terror case accused New Delhi: Observing that bail is the rule and jail an exception even in UAPA cases, the Supreme Court on Monday granted bail to a man allegedly involved in drug trafficking and financing terror in Jammu and Kashmir.

BUSINESS DEL36 BIZ-RUPEE-CLOSE (03.58 PM)

Rupee settles at record low of 96.35 against US dollar Mumbai: The Indian rupee weakened further and closed at a record low of 96.35 (provisional) against the US dollar on Monday, pressured by rising crude oil prices on the back of ongoing geopolitical tensions and a strong dollar.

DEL43 BIZ-FINMIN-AUSTERITY (05.17 PM)

FinMin asks PSU banks, insurers to adopt austerity measures, shift to EV New Delhi: The Finance Ministry on Monday urged public sector banks and financial institutions to adopt austerity measures and shift to electric vehicles, following Prime Minister Narendra Modi's appeal.

CAL32 OD-LD SEBI (5.23 PM)

Indian markets capable of absorbing different types of shocks: SEBI chief on West Asia crisis Bhubaneswar: Volatility has shot up in the financial markets due to the ongoing West Asia conflict, but the Indian bourses have the capacity to “absorb different types of shocks”, Sebi Chairman Tuhin Kanta Pandey said on Monday.

FOREIGN FGN28 PM-NORWAY-TALKS (04.18 PM)

PM Modi holds talks with Norwegian counterpart Oslo: Prime Minister Narendra Modi held talks with his Norwegian counterpart Jonas Gahr Støre on Monday, focusing on trade and investment, green technology, blue economy, and other key areas.

FGN24 PM-SWEDEN-LD OUTCOMES (03.46 PM)

PM Modi’s Sweden visit yields strategic partnership; both sides unveil tech roadmap, aim to double trade in 5 years Gothenburg (Sweden): Driven by a push to deepen strategic and technology ties, India and Sweden have unveiled an ambitious roadmap spanning artificial intelligence, critical minerals, innovation, trade and cultural exchanges during Prime Minister Narendra Modi’s visit to the country.

FGN1 US-CHINA-IRAN (03.13 AM)

China committed to US on not providing material support to Iran: US trade representative Washington: US Trade Representative Jamieson Greer has said that President Donald Trump secured a commitment from China not to "provide material support to Iran." By Sagar Kulkarni

FGN30 CHINA-PUTIN (04.59 PM)

After Trump, Putin to visit Beijing for talks with Xi Beijing: Russian President Vladimir Putin will visit China on Tuesday – a trip that comes shortly after his US counterpart Donald Trump’s visit to Beijing for talks with Chinese leader Xi Jinping.

PTI ARB ARB

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