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    Government Notifies Two New SEZs in Puducherry Following Approval by Board of Approval
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May 29, 2026
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Special Economic Zones in Puducherry expand industrial growth, investment, exports and employment through IT/ITES and multi-sector projects.
Two new Special Economic Zones were notified in Puducherry after approval by the Board of Approval for SEZs under the Department of Commerce. One is an IT/ITES SEZ to be developed by M/s Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk, described as the first SEZ in India to be developed by an urban local body. The other is a multi-sector SEZ to be developed by M/s Pondicherry Industrial Promotion Development and Investment Corporation at Karasur village in Villianur Taluk.
May 29, 2026
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Unclaimed financial assets portal launched to simplify access to bank deposits, insurance claims, shares and mutual funds.
A Common Landing Portal for Unclaimed Financial Assets has been launched as a single unified online platform to facilitate citizen search and tracing of unclaimed bank deposits, insurance claims, shares, dividends and mutual funds across the financial ecosystem. The portal provides consolidated access to multiple search facilities relating to unclaimed financial assets and is intended to improve convenience, awareness and access to information.
May 29, 2026
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Digital fixed deposits combine competitive returns, paperless onboarding and Video KYC for resident investors seeking secure banking convenience.
Competitive fixed deposit products are being marketed to depositors seeking stable returns, low-risk exposure, capital protection and digital convenience, with emphasis on RBI-regulated banking frameworks, paperless onboarding and online maturity management. The Equitas Digital Full KYC Digital Fixed Deposit is presented as a fully digital deposit option available through mobile-app onboarding and Video KYC, with deposit insurance coverage under the Deposit Insurance and Credit Guarantee Corporation framework.
May 29, 2026
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Rupee depreciation and operating disruptions weigh on IndiGo's performance, while capacity and income still rise.
Rupee depreciation, challenging operating conditions, flight disruptions and changes in labour laws materially affected IndiGo's financial performance for the March quarter and the 2025-26 fiscal. The airline reported a net loss for the quarter and for the full year, while stating that its revenue and capacity still increased during the period. Excluding foreign exchange and exceptional items, it said it would have reported a profit, and it noted further expected capacity growth in the June quarter.
May 29, 2026
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Rupee internationalisation gains ground as import-export invoicing rises and fraud reporting remains a major banking concern.
Rupee invoicing for imports and exports has increased over the years, reflecting a continuing process of INR internationalisation in trade transactions. The Reserve Bank's data indicates that wider use of the domestic currency in cross-border invoicing is being treated as mutually beneficial to trading partners. Banks and financial institutions have also reported a large number of fraud cases, underscoring continuing compliance and risk-management concerns within the financial sector.
May 29, 2026
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Foreign exchange reserves decline as RBI reports broad-based weekly fall across currency assets, gold, SDRs and IMF reserves.
India's foreign exchange reserves declined during the reporting week, with the overall forex kitty falling as the Reserve Bank of India reported reductions in foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the IMF. The decrease in reserves was spread across the principal reserve components rather than confined to a single item, indicating a broad-based weekly contraction in external reserve assets.
May 29, 2026
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Corporate and financial forum spotlights India's macro outlook, capital markets, AI and investment trends.
Citi will host its flagship India Conference 2026 in Mumbai as a two-day corporate and financial forum bringing together clients, senior executives, investors and other market participants for engagement, networking and knowledge-sharing. The conference agenda will cover the macroeconomic outlook, policy environment, capital markets, emerging investment trends, artificial intelligence, digital infrastructure and innovation.
May 29, 2026
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India-U.S. trade and investment ties strengthened through business talks on technology, healthcare, finance and supply chain resilience.
Strengthening India-U.S. trade and investment relations through high-level business engagements focused on expanding cooperation with global industry leaders in financial services, healthcare, digital payments, manufacturing, innovation, artificial intelligence, and emerging technologies. The discussions highlighted opportunities for global businesses in India, supply chain resilience, India's attractiveness as an investment destination, economic reforms, ease of doing business, and deeper industry-to-industry collaboration.
May 29, 2026
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AI governance framework launch for secure adoption, operational oversight, and compliance alignment across enterprise AI systems.
A cybersecurity and standards body has launched the Adopt. Defend. Govern. (ADG) AI Framework and a free AI Readiness Self-Assessment Tool to help organizations securely adopt, operationalize, and govern artificial intelligence at scale. The framework presents a unified governance structure with three pillars, 12 minimum controls, nine governance surfaces, implementation overlays, and accountability mechanisms for AI systems, agentic AI environments, multi-model architectures, and large language model ecosystems. It is designed to align with major global AI governance and security standards and reduce compliance fragmentation.
May 29, 2026
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Securities market fraud and disclosure violations: Supreme Court sets aside disgorgement while sustaining penalty for position-limit breach
The Supreme Court partly allowed the appeal in SEBI proceedings concerning trading in Reliance Petroleum Ltd. shares and set aside the finding of fraud under the PFUTP Regulations as well as the disgorgement order. It nevertheless upheld the penalty linked to violation of disclosure requirements under the SEBI circular on position limits. The Court also directed refund of the amount deposited in the Investor Protection Fund under an earlier interim order.
May 29, 2026
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Rupee strength amid softer crude and dollar weakness as markets await the RBI Monetary Policy Committee meeting.
The rupee strengthened against the US dollar on renewed optimism after the US and Iran extended the ceasefire and agreed to fresh talks. Softer crude oil prices and a weaker dollar supported the currency, while traders warned that renewed US-Iran tensions could pressure the rupee. Market focus turned to the upcoming RBI Monetary Policy Committee meeting, where the central bank may weigh currency stability alongside inflation management.
May 29, 2026
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Indian Rupee internationalisation gains momentum as trade invoicing and settlement rise across imports and exports.
The Reserve Bank of India reports a sustained increase in the use of Indian Rupee (INR) for import and export invoicing and settlement, reflecting the broader internationalisation of the currency through its use in current and select capital account transactions. Greater use of INR as an invoicing and settlement currency is associated with reduced exchange rate risk, lower dependence on costly foreign exchange reserves in convertible currencies, lower transaction costs, and the development of bilateral exchange rate markets.
May 29, 2026
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Fraud reporting and cyber resilience take centre stage as advances dominate losses and the RBI expands drill-based preparedness.
Banks and financial institutions reported a large volume of fraud cases in 2025-26, with the advances category accounting for the dominant share in value terms and replacing card, internet and digital payment fraud as the principal area of exposure. Public sector banks and private sector banks recorded fewer fraud cases year-on-year, but the amount involved in such frauds increased, while foreign banks, small finance banks and payments banks reported comparatively lower volumes. The Reserve Bank has operationalised a Cyber Range initiative through a platform at IDBRT to strengthen cyber resilience across supervised entities.
May 29, 2026
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Cooling-off period for retired judges rejected as unnecessary where capable adjudicators are needed in tribunals and other bodies.
Post-retirement appointments of judges to tribunals and other government bodies remain a contested policy issue, with the Law Minister stating that there is no justification for a mandatory cooling-off period for retired judges who are mentally sound, capable and judged to have served well. The remarks emphasise the need for experienced adjudicators in vacancy-ridden institutions such as the NCLT and NCLAT, and extend to other assignments including the NHRC, Lokpal, Law Commission, Press Council of India, and various committees and commissions.
May 29, 2026
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Reserve Bank balance sheet expansion reflects higher investments, rising gold holdings, and a larger annual surplus.
The Reserve Bank's annual report for 2025-26 records a substantial expansion in its balance sheet, driven by higher domestic investments, gold holdings and foreign investments. The year closed with a higher surplus, alongside a transfer to the Contingency Fund and no provision to the Asset Development Fund. The report also notes a marginal increase in total gold holdings and a significant rise in the value of gold held as an asset of the Banking Department due to higher gold prices and depreciation of the rupee against the US dollar.
May 29, 2026
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Macroeconomic fundamentals support India's growth outlook despite external headwinds, while inflation and agriculture face weather-linked risks.
India's growth outlook remains supported by robust macroeconomic fundamentals, government capital expenditure, strong corporate and banking balance sheets, domestic consumption and investment, despite external headwinds and geopolitical tensions. Agricultural output and inflation remain linked to monsoon progress, El Nino risks, reservoir levels, foodgrain stocks and fertiliser availability, while the inflation target is retained at 4 per cent with a tolerance band of plus or minus 2 per cent.
May 29, 2026
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Consumer television financing through EMI plans combines model comparison, partner-store purchase options and variable terms for budget buyers.
Consumer television purchases are linked to financing through partner stores, with buyers comparing display technology, resolution, smart features and support before selecting a model. The process includes browsing on Bajaj Mall, verifying pre-approved eligibility, choosing an EMI plan with optional zero down payment on select models, and completing purchase through a loan with repayment tenures from 3 to 60 months, subject to changing price, store and offer conditions.
May 29, 2026
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India-US trade negotiations near interim agreement as talks focus on market access, customs facilitation and investor confidence.
India-US trade negotiations advanced toward an interim agreement, with assurances that discussions are nearing finalisation. The engagement focused on bilateral trade, investment, innovation and supply-chain partnerships, alongside investor confidence, business stability and a predictable regulatory environment. Further talks are expected to address market access, non-tariff measures and customs facilitation under the broader bilateral trade framework.
May 29, 2026
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Rupee support from softer dollar and stable crude prices improves sentiment, while foreign investment outflows keep pressure on the currency.
Rupee strengthened in early interbank trade as easing US-Iran tensions reduced fears of oil supply disruption, while a softer dollar and stable crude prices supported the currency. Market participants said foreign investment outflows remained a key pressure point, even as debt flows stayed relatively stable. The RBI was using liquidity operations, forex management measures and steps to curb speculative positions to stabilise the rupee, with the upcoming policy meeting seen as significant for investor sentiment and exchange-rate stability.
May 29, 2026
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Comprehensive Economic Partnership Agreement advances as Canada and India deepen trade, investment, and business cooperation across key sectors.
Canada and India reaffirmed their commitment to strengthening bilateral trade and investment relations through deeper commercial cooperation, increased business engagement, and expanded opportunities in priority sectors. The statement also highlighted support for an ambitious Comprehensive Economic Partnership Agreement, with emphasis on market access, resilient supply chains, and two-way economic growth.

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EC-Council Launches ADG AI Framework and Self-Assessment Tool to Help Organizations Secure and Govern AI at Scale

May 29, 2026

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Created in collaboration with practitioners from Citi, JPMorgan Chase, Microsoft, KPMG, Deloitte, NTT Data, GE Healthcare, GlobalLogic, Prudential and Salesforce Hyderabad, Telangana, India (NewsVoir) EC-Council, the global credentialing body responsible for the internationally recognized Certified Ethical Hacker (CEH) certification and one of the world’s leading authorities in cybersecurity education, workforce development, and standards-based training, has today announced the launch of its proprietary Adopt. Defend. Govern. (ADG) AI Framework and a free AI Readiness Self-Assessment Tool to help organizations securely adopt, operationalize, and govern artificial intelligence at scale.

Developed with input from practitioners and advisory board members across organizations including Citi, JPMorgan Chase, Microsoft, KPMG, Deloitte, NTT Data, GE Healthcare, GlobalLogic, Prudential and Salesforce, the ADG Framework gives enterprises a unified operating model; three pillars, 12 minimum controls, and nine governance surfaces. The framework is designed to align with the EU AI Act, ISO/IEC 42001, and the NIST AI RMF.

The urgency around AI governance is rising as organizations and enterprises accelerate AI adoption across business operations. Global AI spending is projected to reach $2.5 trillion in 2026, reflecting the speed and scale of enterprise deployment. Yet governance maturity remains critically low: industry findings show that only 1% of leaders believe their AI governance capabilities have reached maturity, while 78% of executives say they would not feel confident in passing an AI governance audit within the next 90 days.

The widening gap between AI acceleration and AI accountability is increasing pressure on organizations to address technical, societal, operational, and systemic AI risk at the same time. Many are deploying increasingly autonomous AI systems while still relying on fragmented policies, outdated security models, and governance structures that struggle under real-world operating pressure.

The ADG Framework has been developed to close this gap. More than a theoretical governance model, ADG is a practitioner-led execution framework engineered for real-world deployment. Designed by professionals actively managing AI risk in some of the world’s most complex operating environments, the framework establishes enforceable minimum controls, operational validation standards, governance surfaces, implementation overlays, and accountability mechanisms that organizations can apply across AI systems, agentic AI environments, multi-model architectures, and large language model ecosystems.

“Most organizations approached AI with a deploy-first mindset, prioritizing speed while governance and security struggled to keep pace,” said Jay Bavisi, Group President, EC-Council. “The result is that organizations are now scaling AI systems faster than they can securely govern them. The ADG Framework was developed to restore operational discipline, establish accountability, and help organizations operationalize AI responsibly before governance failures become systemic business liabilities.” AI Without Guardrails Is a Business Risk The ADG Framework is organized around three deeply integrated operational functions designed to create a complete governance life cycle for modern AI systems: Adopt Helps organizations align AI deployment with business objectives, operational readiness, workforce capability, and implementation accountability.

Defend Focuses on securing AI systems against evolving threats including prompt injection, adversarial manipulation, model exploitation, data poisoning, and AI supply chain compromise.

Govern Embeds oversight, auditability, governance accountability, and risk management into AI systems from deployment through enterprise-scale operations.

Together, the framework introduces 12 minimum controls, nine governance surfaces, nine deployment overlays, and three autonomy tiers covering technical, societal, operational, and systemic AI risk domains. Every control references major global standards and frameworks including the EU AI Act, ISO/IEC 42001, NIST AI RMF, OWASP Top 10 for LLM and Agentic AI, and MITRE ATLAS, helping organizations strengthen governance maturity while reducing compliance fragmentation.

AI Readiness Self-Assessment Tool Introduces Operational Visibility Alongside the framework, EC-Council has launched a free AI Readiness Self-Assessment Tool to help organizations evaluate their governance posture before vulnerabilities emerge at scale.

The tool enables organizations to measure AI maturity across governance readiness, implementation discipline, operational resilience, security posture, and accountability structures while mapping findings into a prioritized implementation roadmap. For boards, regulators, and executive leadership teams facing growing scrutiny around AI governance, the tool provides an evidence-based view of organizational AI exposure and governance preparedness.

“The framework’s three pillars reflect the cross-functional model that leading AI organizations like Salesforce have used to scale AI responsibly. It establishes a solid, replicable blueprint across any industry, deployment model, or regulatory environment.” said Kathy Baxter, Principal Architect, VP of Responsible AI & Tech at Salesforce, AI Advisory Board Member, and Contributor to the ADG Framework.

New AI Certifications Aligned to the ADG Framework To support implementation of the framework, EC-Council has also introduced three new AI certifications aligned with the ADG operating model. The certifications are designed to help organizations build workforce capabilities around AI governance, offensive AI security, and responsible AI implementation.

The certifications include: • Certified AI Program Manager (CAIPM) • Certified Offensive AI Security Professional (COASP) • Certified Responsible AI Governance and Ethics Professional (CRAGE) The programs help practitioners evaluate, test, secure, and govern AI systems across modern operating environments.

“The ADG Framework is the operating model that enterprise AI has been missing. It turns abstract standards into auditable practices and resolves the real tension between delivery speed and safety. For a board, that is the difference between scaling a fleet of agents with confidence and taking a leap of faith.” said Lewis V. Adams, VP, Enterprise AI & Capital Productivity Transformation at Citi, AI Advisory Board Member, and Contributor to the ADG Framework.

Open, Community-Driven, and Built to Scale The ADG Framework is designed as an open, community-driven initiative that organizations can adopt freely, without licensing fees or vendor lock-in. It is structured to evolve alongside AI technologies while enabling practitioners, enterprises, governance leaders, and security teams to contribute to the continued development of operational AI governance standards.

“The industry doesn’t lack AI frameworks; it lacks operational clarity. The ADG framework places a strong emphasis on AI security, particularly in addressing adversarial risks and model vulnerabilities, while also mapping broader governance and regulatory expectations. What’s especially valuable is its inclusion of measurable indicators, which helps organizations move from high-level principles to more actionable and trackable AI risk management as they transition into real-world deployment.” said ShanShan Pa, Global Head of AI & Data Governance at GlobalLogic, AI Advisory Board Member, and Contributor to the ADG Framework.

The ADG AI Framework, AI Readiness Self-Assessment Tool, implementation guidance, and supporting certification programs are now available through EC-Council Official Website.

About EC-Council EC-Council is the creator of the Certified Ethical Hacker (CEH) program and a leader in cybersecurity education. Founded in 2001, EC-Council’s mission is to provide high-quality training and certifications for cybersecurity professionals to keep organizations safe from cyber threats.

EC-Council offers over 200 certifications and degrees in various cybersecurity domains, including forensics, security analysis, threat intelligence, and information security.

An ISO/IEC 17024-accredited organization, EC-Council has certified over 400,000 professionals worldwide and serves clients ranging from government agencies to Fortune 100 companies. EC-Council is the gold standard in cybersecurity certification, trusted by the U.S. Department of Defense, the Army, Navy, Air Force, and leading global corporations.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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