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    Trex Energy Launches REX BESS 125kW/261kWh with Liquid-Cooling (C&I) to Support Smart Industrial Energy Infrastructure
    Spark Capital PWM Wins Three Global Private Banking Innovation Awards 2026; Arpita Vinay Named Asia’s Outstanding Wealth Management CEO
    Bengal: Dark spots on Himsagar mangoes cast shadow on export shipment
    LPG Price Hike: Govt says rates in India among world's lowest despite 46 pc jump in global benchmark
    MP seeks stronger trade, investment ties with Latin American, Caribbean nations, says CM
    Minister Lokesh pitches Andhra as India’s gateway to Arctic logistics network
    Tezpur Litchi Festival opens new export potential for Assam's GI-tagged fruit
    India Showcases Carbon Credit Trading Scheme and Renewable Energy Standards at WTO Trade and Environment Week 2026
    Bharat Maritime Insurance Pool Workshop Held in Mumbai
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    Centre sanctions Rs 72 cr to modernise Kakinada Fishing Harbour: Union Minister Rajiv Ranjan Singh
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    Probe bodies work 24 hrs to target political opponents; caught napping in Rajesh Exports scam: Cong
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June 8, 2026
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Battery energy storage systems gain a scalable liquid-cooled design for industrial power, backup, and renewable integration.
Trex Energy announced the commercial launch of a liquid-cooled Battery Energy Storage System for commercial, industrial, and utility applications, combining a lithium iron phosphate battery, integrated energy management, AC/DC architecture, and fire suppression in a single-cabinet design. The system is presented as a scalable storage solution for on-grid and off-grid use, with compatibility for renewable generation, EV charging, backup power, and grid-support functions.
June 8, 2026
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Wealth management innovation recognized through leadership, client service and family office excellence at global private banking awards.
Spark Capital Private Wealth Management was recognised at the Global Private Banking Innovation Awards 2026 for leadership, client service and brand-building in private banking and wealth management. Arpita Vinay was named Outstanding Achievement by a Wealth Management CEO - Asia, reflecting the firm's client-centric, technology-driven and institutional advisory approach for ultra-high-net-worth and family office clients. The firm also received awards for Outstanding Wealth Management Service by a Multi-Family Office and Outstanding Marketing Campaign.
June 7, 2026
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Mango export quality concerns as weather-induced spotting threatens Himsagar shipments and import acceptance.
Weather-induced mango disease has affected the export prospects of Bengal's Himsagar mangoes, as dark spots on bagged fruit may make produce unsuitable for overseas shipment and organised retail sales. The spots are attributed to continuous rain during bagging followed by high temperatures, and exporters say such blemishes can lead to rejection by importers because export fruit is expected to be free from spotting. Export promotion efforts continue through fruit bagging, good agricultural practices, scientific harvesting and post-harvest handling to meet international quality standards.
June 7, 2026
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Domestic LPG pricing linked to global benchmarks sees hike as government keeps household cooking gas below import cost.
Domestic LPG prices were raised in response to higher international benchmark costs linked to West Asia disruptions, while the government continued to modulate consumer pricing for households. The revised retail price for a 14.2-kg cylinder in Delhi was stated at Rs 942, and Ujjwala beneficiaries were to pay an effective Rs 642 on the first four annual refills through a Rs 300 direct benefit transfer. The statement distinguished domestic LPG from fully market-priced commercial cylinders and said supply was maintained through increased production, diversified imports, and subsidy support.
June 6, 2026
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Trade and investment cooperation with Latin American and Caribbean countries expands through export facilitation, infrastructure upgrades and sectoral partnerships.
Madhya Pradesh urged stronger trade and investment engagement with Latin American and Caribbean countries, highlighting rising exports and broad scope for bilateral cooperation in sectors such as pharmaceuticals, agriculture and food processing, information technology, biotechnology, energy, mining, logistics, manufacturing and tourism. The state government also proposed export infrastructure measures, including export facilitation centres, quality testing and certification facilities, upgraded export hubs, stronger buyer-seller linkages, improved export finance and risk coverage mechanisms, and skill development for exporters.
June 6, 2026
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Arctic logistics and aluminium value addition shape Andhra Pradesh's push to become a strategic trade and manufacturing hub.
Andhra Pradesh was presented as a strategic gateway for Arctic logistics and broader global trade, supported by its coastline, ports and logistics infrastructure. The discussion stressed resilient supply chains, shorter shipping routes, two-way cargo movement and stronger economic connectivity. Separate talks with RUSAL focused on expanding aluminium value addition in the state through downstream manufacturing, smelting capacity and an integrated industrial ecosystem linked to ports, logistics and renewable energy.
June 6, 2026
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GI-tagged Tezpur litchi festival highlights export growth, value addition and wider market opportunities for growers.
Tezpur Litchi Festival 2026 highlighted Assam's GI-tagged Tezpur litchi as a crop with growing export and agro-processing potential. The event brought together farmers, exporters, scientists, entrepreneurs and policymakers to discuss market expansion, branding, value addition and improved cultivation practices, while fresh export initiatives were announced for Dubai and Singapore. The festival also showcased innovative litchi-based products, exhibitions, seminars and farmer recognition to strengthen commercial visibility and market reach.
June 6, 2026
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Carbon credit trading and green hydrogen standards shaped India's WTO climate engagement and low-carbon transition agenda.
India presented its carbon credit trading framework and renewable energy standardisation initiatives at WTO Trade and Environment Week 2026, linking them to sustainable development, clean energy transition and nationally determined contributions under the Paris Agreement. The discussion highlighted India's evolving national carbon market architecture under the Carbon Credit Trading Scheme, including a national electronic carbon credit trading platform and market-based incentives for greenhouse gas emission reduction. It also referred to technical criteria for classifying hydrogen as Green Hydrogen and to transparency concerns around unilateral trade-restrictive climate measures.
June 6, 2026
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Maritime insurance self-reliance gains momentum as the Bharat Maritime Insurance Pool lowers risk-cover premiums.
A workshop on the Bharat Maritime Insurance Pool brought together maritime and insurance stakeholders to discuss current insurance covers available through the pool and the industry's requirements for protection and indemnity coverage in India. The discussions centred on the need for a reliable, sustainable and internationally acceptable domestic P&I framework, with the pool presented as a means of supporting maritime risk cover and reducing dependence on foreign P&I arrangements for Indian shipping interests. Premium reductions under the pool were highlighted for hull war and cargo war-risk covers, with the benefit of sovereign guarantee described as making maritime insurance more affordable.
June 5, 2026
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Trade and investment forum in Madhya Pradesh to showcase industrial infrastructure and export potential across key sectors.
Diplomatic representatives from more than 15 Latin American and Caribbean countries are to participate in a trade and investment forum in Indore organised to discuss trade and investment opportunities in Madhya Pradesh. The event will showcase the State's industrial infrastructure, export potential and investment prospects across sectors including pharmaceuticals, packaging materials, engineering, textiles and food processing.
June 5, 2026
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Bilateral trade agreement negotiations advance as India and the US hold positive talks on goods, customs and facilitation.
India and the US held positive and constructive negotiations to advance an interim bilateral trade deal and a broader trade agreement. The talks followed an earlier framework for reciprocal and mutually beneficial trade and were intended to firm up that arrangement through continuing engagement. Discussions covered trade in goods, non-tariff measures, customs and trade facilitation, economic security alignment, and other areas of mutual interest, with both sides reaffirming their commitment to carry the agreement forward.
June 5, 2026
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Fisheries infrastructure modernisation drives export-oriented growth with funding for Kakinada Fishing Harbour and stronger export facilities.
Centre sanctioned funding for modernisation of Kakinada Fishing Harbour into a smart harbour under the Pradhan Mantri Matsya Sampada Yojana, to improve landing facilities and promote fish exports. The upgrade is stated to support berthing for about 423 vessels, handle annual landings of around 74,448 tonnes, and generate substantial employment. The ministry also said it was ready to establish a regional office of the National Fisheries Development Board at Kakinada if land is provided by the state government.
June 5, 2026
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Foreign capital inflows and forex liquidity measures lift the rupee as the repo rate stays unchanged.
The rupee appreciated after the Reserve Bank announced measures intended to support foreign capital inflows and strengthen forex liquidity. The Monetary Policy Committee kept the repo rate unchanged with a neutral stance while raising the inflation forecast and lowering the growth projection. Analysts said the policy package could aid near-term rupee appreciation, subject to oil prices and the actual scale of dollar mobilisation.
June 5, 2026
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Bullion prices weaken as West Asia tensions, a stronger rupee, and tighter global monetary signals pressure gold and silver.
Bullion prices weakened amid shifting geopolitical signals from West Asia, with gold and silver extending volatile moves in domestic and international markets. Domestic gold prices fell after brief recovery in the previous session, while silver recorded a sharper decline, reflecting continued uncertainty in precious metal markets. Analysts linked the weakness to international market softness, a stronger rupee, and fragile sentiment created by unresolved regional tensions alongside expectations that interest rates may stay elevated for longer. The domestic currency and policy backdrop also influenced bullion pricing, with measures to attract foreign capital and support the rupee adding pressure on gold prices.
June 5, 2026
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Regulatory oversight and crony capitalism dominate Congress criticism over alleged Rajesh Exports misrepresentation and delayed enforcement.
Congress questioned the role of probe agencies and the government's regulatory oversight in relation to allegations surrounding Rajesh Exports, relying on SEBI's interim order and saying the case reflects a wider problem of crony capitalism and weak enforcement. SEBI's interim findings were described as indicating large-scale misrepresentation of financial statements, routing and layering of funds through personal accounts and related entities, and inadequate disclosures or supporting documentation.
June 5, 2026
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GDP growth and macroeconomic stability drive India's expansion amid oil price pressure and supply-chain disruptions.
India's economy recorded 7.8 per cent GDP growth in the January-March quarter, with full-year growth rising to 7.7 per cent, supported by strong domestic demand, government expenditure, healthy consumption and robust investment activity. Gross value added also increased, indicating that expansion was backed by production momentum as well as demand. The growth performance was driven mainly by secondary and tertiary sectors, while private final consumption expenditure and gross fixed capital formation showed strong expansion.
June 5, 2026
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Inflation target remains unchanged as RBI ties future policy action to persistent price pressures and data dependence.
The Reserve Bank of India reiterated that its 4 per cent medium-term inflation target remains unchanged and has not been placed in abeyance, while monetary policy action will depend on whether price pressures become broad-based and persistent. The central bank kept the repo rate unchanged and maintained a neutral stance, saying temporary shocks may be looked through, but entrenched inflationary pressures affecting expectations would require policy response.
June 5, 2026
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Bilateral trade agreement negotiations advance as India and the United States revisit tariffs, market access and trade-facilitation terms.
India and the United States are advancing the first phase of a bilateral trade agreement, with negotiations focused on trade in goods, non-tariff measures, customs and trade facilitation, economic security alignment and related areas of mutual interest. The interim framework contemplates preferential market access and tariff adjustments, while both sides continue work on the broader bilateral trade agreement. The article also notes the changing US tariff environment and pending Section 301 investigations linked to forced-labour concerns.
June 5, 2026
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Insolvency law amendments streamline default records, disclosure, liquidation claims and personal guarantor asset reporting.
The Insolvency and Bankruptcy Board of India has amended multiple regulations to align them with the Insolvency and Bankruptcy Code (Amendment) Act, 2026. The information utilities framework now uses the broader term financial institution, provides for issuance of a record of default on debtor confirmation or non-response after reminders, and introduces a standardised Information of Dispute output where default is disputed. Other amendments revise disclosure for pre-packaged insolvency applications, claims handling and termination in voluntary liquidation, asset disclosure and coordination requirements in personal guarantor processes, and align grievance, inspection, and disciplinary provisions with the amended Code.
June 5, 2026
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Trade and investment cooperation deepens as India and Philippines discuss customs facilitation, market access, and preferential trade arrangements.
Strengthening bilateral trade and investment cooperation between India and the Philippines was discussed through review of trade and investment trends, priority products and services, and expanded cooperation in sectors including infrastructure, ICT, AI, and pharmaceuticals. The discussions also focused on customs cooperation, trade facilitation, agricultural market access, and settlement of trade in national currencies. The meeting considered the early conclusion of the ASEAN-India Trade in Goods Agreement review and engagement on a bilateral Preferential Trade Agreement.

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Spark Capital PWM Wins Three Global Private Banking Innovation Awards 2026; Arpita Vinay Named Asia’s Outstanding Wealth Management CEO

June 8, 2026

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Mumbai (Maharashtra) [India], June 8: Spark Capital Private Wealth Management (Spark Capital PWM), one of India’s fastest-growing wealth management firms, has been recognised with three prestigious awards at the Global Private Banking Innovation Awards 2026, held at the Capella Singapore. The awards recognise institutions and leaders that are redefining private banking and wealth management through innovation, client-centricity, leadership excellence, and differentiated value creation. The firm received recognition across leadership, client service, and brand-building categories: • Outstanding Achievement by a Wealth Management CEO – Asia (Winner) – Arpita Vinay, Senior Managing Director & CEO • Outstanding Wealth Management Service by a Multi-Family Office (Winner) • Outstanding Marketing Campaign by a Private Bank/Family Office/Trust Company (Winner) These latest accolades come within days of another significant achievement, with Spark Capital PWM recently being named Winner in the Independent Asset Manager (India) category at the Fourteenth Wealth Briefing Asia Awards 2026 and Best Digital Client Experience in Wealth Management (Advisory) category at the Global Private Banker Wealth Tech Awards 2026, furthering the firm’s growing stature in the regional wealth management industry.

The recognition of Arpita Vinay as the winner of Outstanding Achievement by a Wealth Management CEO – Asia highlights her role in leading one of the fastest-growing wealth management platforms in the region. Under her leadership, Spark Capital PWM has successfully combined institutional-grade advisory capabilities, technology-driven innovation, and a client-first philosophy to build a differentiated proposition for India’s rapidly expanding ultra-high-net-worth and family office segment.

Commenting on the achievement, Arpita Vinay, Senior Managing Director & CEO, Spark Capital Private Wealth Management, said: “These recognitions are a reflection of the trust our clients have placed in us and the commitment of our team to build a wealth management platform that combines institutional rigour, personalised advisory, and technology-enabled transparency. At Spark Capital PWM, our vision has always been to create a future-ready platform that helps families not only grow wealth but also preserve legacies across generations. Winning these awards on a global stage, alongside our recent WealthBriefingAsia recognition, validates our belief that independence, innovation, and client-centricity can together create enduring value.” Over the last three years, Spark Capital PWM has emerged as one of the industry’s most remarkable growth stories. While the organisation expanded its presence from a single office in Chennai to a nationwide network across key Indian cities and an international presence in DIFC, Dubai, the Assets under Management (AuM) grew at a record pace.

The recognition for Outstanding Wealth Management Service by a Multi-Family Office reflects the firm’s success in building an integrated advisory platform that goes beyond traditional investment management. Spark Capital PWM’s Multi-Family Office proposition combines wealth management, succession planning, family governance, philanthropy advisory, estate planning, lifestyle solutions, and cross-border wealth structuring to address the evolving needs of entrepreneurial and business families.

The Outstanding Marketing Campaign award acknowledges Spark Capital PWM’s innovative approach to brand building through thought leadership, community engagement, and the creation of high-impact platforms such as the ET NOW Family Business Excellence Summit & Awards. Rather than relying on traditional sponsorships, the firm has focused on creating meaningful conversations around family businesses, succession, governance, legacy creation, and long-term stewardship.

As India continues to witness unprecedented wealth creation, Spark Capital PWM remains focused on strengthening its position as a trusted partner to entrepreneurs, business families, family offices, and next-generation wealth creators through a combination of advisory excellence, technology-led innovation, and long-term stewardship.

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

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