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    Anondita Medicare Limited Secures First Export Order Worth INR 43.14 Crore Under South African Government Condom Tender Program
    Exato Technologies Limited Reports 35% Revenue Growth and 67% PAT Growth YoY in FY26; Builds a Record INR 600 Crore Order Book
    GST collections grow 3.2 pc in May to Rs 1.94 lakh cr
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    DRI intensifies anti-narcotics drive in Kerala under Operation Chakravyuh; 24 kg narcotic contraband seized; 5 arrested
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    Don’t want Canadian businesses to miss out on FTA with India: Trade Minister Sidhu
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    Why India Imports 700+ Tonnes of Gold Every Year: Explained
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June 1, 2026
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Export business advances as Anondita Medicare secures first South African government condom supply order under tender framework.
Export business under a South African government procurement programme advanced when Anondita Medicare Limited secured its first export purchase order for male condoms from Supra Healthcare Johannesburg (Pty) Ltd. The order, valued at approximately INR 43.14 crore, covers supply and delivery equivalent to 50 forty-foot containers and is expected to be executed by 30 September 2026. The transaction marks the commencement of supplies under the approved South African tender framework and is described as strengthening the company's export business.
June 1, 2026
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Revenue growth and record order book drive Exato Technologies' FY26 expansion, profitability gains, and global footprint.
Exato Technologies Limited reported strong FY26 consolidated financial performance, with revenue from operations rising 35% year-on-year and Profit After Tax increasing by 67% year-on-year. The company also disclosed a record order book of INR 600 crore, reflecting strong revenue visibility, and noted expansion through a wholly owned subsidiary in Australia alongside existing subsidiaries in the USA and Singapore.
June 1, 2026
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GST collections rise on stronger goods and services supplies, with import-linked receipts and net revenues also moving higher.
Gross GST collections increased in May on the back of stronger supplies of goods and services and continued growth in collections from imports. Domestic GST collections under CGST, SGST and IGST were reported for the month, while taxable supplies of goods and services recorded significant year-on-year growth, indicating firm domestic demand and resilience in consumption. IGST collections from imports also rose, GST refunds increased modestly, and net GST revenues were higher after adjustment of refunds.
June 1, 2026
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Rising bond yields and debt sustainability concerns deepen affordability pressures and heighten political risk ahead of the mid-term elections.
Rising US bond yields and higher Treasury borrowing costs are intensifying affordability pressures, slowing growth expectations and increasing political risk as investors reassess the sustainability of government debt. Economists quoted in the report say the administration's stated deficit-reduction measures are unlikely to materially close the gap, while debt-service costs have already risen sharply and are projected to remain a major budget burden. Higher rates are feeding into mortgage costs, car sales weakness and broader voter concerns about living costs ahead of the mid-term elections.
June 1, 2026
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Rupee weakness reflects crude oil pressure, safe-haven dollar demand and suspected central bank support in the forex market.
The rupee weakened in early trade against the US dollar amid higher crude oil prices, a firmer dollar index and heightened geopolitical tensions linked to the Israel-Lebanon conflict. Market participants also referred to suspected RBI intervention in the currency market, a decline in India's forex reserves and net foreign institutional investor selling in equities.
June 1, 2026
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Anti-narcotics operations under Operation Chakravyuh seize narcotic contraband and expose trafficking through baggage, courier consignments and export cargo.
Coordinated anti-narcotics operations by the Cochin Unit of the Directorate of Revenue Intelligence under Operation Chakravyuh led to the seizure of narcotic drugs and psychotropic substances, including methaqualone, methamphetamine and hashish oil, intended for illicit distribution and trafficking. The contraband was detected through passenger baggage at an airport, concealment in courier consignments and outbound export cargo. More than 24 kg was seized and five persons were apprehended under the Narcotic Drugs and Psychotropic Substances Act, 1985.
June 1, 2026
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Anti-narcotic enforcement targets illicit ganja transportation, with seizure and arrests under the NDPS Act.
Anti-narcotic enforcement action involved the seizure of 104.9 kg ganja in Bihar and the arrest of two persons for illicit transportation under the relevant provisions of the NDPS Act, 1985. The action formed part of a continuing drive by the Directorate of Revenue Intelligence to curb drug trafficking and dismantle narcotics supply networks across India.
June 1, 2026
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Free trade agreement negotiations with India gain momentum as Canada seeks new market access for exporters and sector opportunities.
Canada and India are continuing negotiations on a proposed free trade agreement/Comprehensive Economic Partnership Agreement amid renewed bilateral engagement after talks stalled in 2023. Canadian officials said the negotiations remained active and could conclude later in the year, while the discussions are aimed at keeping Canadian businesses competitive and opening new markets for Canadian exporters. The summit also highlighted agricultural trade issues, including Canadian pulse exports and existing Indian duties on yellow peas and lentils.
May 31, 2026
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Free trade agreement talks gain momentum as Canadian and Indian officials signal renewed optimism over a comprehensive partnership deal.
Canadian and Indian officials expressed optimism that negotiations on a proposed Comprehensive Economic Partnership Agreement would resume and advance after talks stalled in 2023, reflecting renewed bilateral engagement between the two countries. Public comments at a business summit indicated continuing discussions on a free trade agreement and confidence that a deal could be reached later in the year, alongside a broader push to expand bilateral trade.
May 31, 2026
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UK-India trade and global security talks drive Yvette Cooper's visit to China and India amid wider cooperation plans.
UK Foreign Secretary Yvette Cooper is due to visit China and India for talks on global challenges, bilateral cooperation and the UK-India Vision 2035. The discussions are expected to cover the Strait of Hormuz, Russia's invasion of Ukraine and the Ebola outbreak in Africa, while the India visit will include engagement with business, academia and government stakeholders linked to the free trade framework.
May 31, 2026
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Onion growers' revival package demand centers on export stability, price protection, storage support and direct farmer assistance.
Onion growers in Maharashtra have sought a comprehensive revival package and a stable long-term export policy to address losses attributed to repeated export bans, export duty, minimum export price restrictions, buffer stock releases at low domestic prices, and crop damage from adverse weather, disease, spurious seeds and storage losses. The association also wants direct transfer of assistance into farmers' bank accounts, subsidies for certified seeds and storage infrastructure, and support for processing industries and farmer-owned value-added units.
May 31, 2026
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Windfall gains tax on fuel exports reduced as export duties and cess are eased while domestic rates stay unchanged.
Windfall gains tax on export of petrol, diesel and aviation turbine fuel was reduced from 1 June, with the levy on petrol cut to Rs 1.5 per litre, diesel reduced to Rs 13.5 per litre and aviation turbine fuel reduced to Rs 9.5 per litre. Road and infrastructure cess on export of petrol and diesel was made nil, while domestic duty rates on petrol and diesel remained unchanged.
May 30, 2026
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Cooperative fund misappropriation alleged through fabricated entries and diversion of government deposits for personal use.
Cooperative funds management was alleged to have been manipulated through fabricated day-book entries and diversion of government deposits by a former secretary of a service co-operative society. The allegations concern misappropriation of funds entrusted during his tenure, where the account records were shown as balanced while the corresponding cash was not deposited into the cooperative bank. The funds were stated to have been meant for agricultural and cooperative development schemes and were allegedly diverted for personal use.
May 30, 2026
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Money laundering and organised crime charges framed against accused over alleged extortion, impersonation, and layered proceeds of crime.
Delhi court ordered framing of charges in a money-laundering prosecution against Jacqueline Fernandez, Sukesh Chandrashekhar and others, finding prima facie material for proceeding under Section 3 of the Prevention of Money Laundering Act, punishable under Section 4. The allegations concerned proceeds of crime generated through extortion, cheating, impersonation and criminal intimidation, and their concealment, layering and projection as untainted property. In the connected case, charges were also directed under MCOCA, the Information Technology Act and related penal offences for organised crime and personation of public servants.
May 30, 2026
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Limited trade arrangement shapes India-EAEU free trade talks as negotiations on product-group liberalisation gain momentum.
India and the Eurasian Economic Union are discussing a limited and temporary trade arrangement covering selected groups of goods as part of negotiations for a proposed free trade agreement. The arrangement is being considered as a product-group-based free trade zone rather than a full liberalisation package. The trade liberalisation process has gathered momentum, with Terms of Reference signed to launch negotiations and the first round of talks already held.
May 30, 2026
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Database activity monitoring strengthens regulated sectors with real-time visibility, privileged access control, and compliance-ready audit trails.
Database Activity Monitoring platform for regulated organisations is presented as a security and compliance tool designed to address the lack of continuous, forensic-grade visibility at the database layer. It monitors query-level activity, privileged access, insider threats, and SQL behaviour in real time, while generating immutable audit trails and supporting forensic session replay and behavioural analytics. The platform operates through a fully on-premises, air-gap architecture, keeps data within the customer's infrastructure, and is aligned with major regulatory and security frameworks through audit logging, retention, access monitoring, and incident reporting.
May 30, 2026
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On-screen marking irregularities draw allegations of tender manipulation, with calls for a CBI probe and ministerial accountability.
Congress leaders alleged serious irregularities in CBSE's introduction of the On-Screen Marking System for Class 12 exams and the award of the related contract. They questioned changes in tender conditions on bidder eligibility, turnover, capability standards, data-centre requirements, and blacklisting safeguards, saying these revisions may have favoured a particular vendor. They demanded accountability from the Education Minister and called for a full CBI probe and an independent judicial inquiry.
May 30, 2026
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Cautious resilience in India's macroeconomic outlook as external shocks, monsoon risk and inflation pressures demand policy agility.
India's near-term macroeconomic outlook reflects cautious resilience amid likely moderation in economic activity, a below-normal monsoon risk, and persistent external and inflationary pressures. Domestic fundamentals remain broadly intact, supported by expansionary PMI readings, stable labour markets and foreign exchange reserves, while global headwinds from the West Asia conflict, elevated energy prices and tighter financial conditions continue to weigh on the outlook. Policy will need to remain agile across monetary, fiscal and structural dimensions to safeguard growth and keep inflation anchored.
May 30, 2026
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Gold exchange and import duty shape India's high gold import demand as consumers seek transparent valuation and lower cost buys.
India's gold imports remain high because domestic supply cannot meet demand for jewellery, investment, and seasonal purchases. Gold continues to serve as a cultural asset and family savings instrument, so demand persists even when prices rise. Rising prices and import duty have encouraged more consumers to use gold exchange, with organised jewellers gaining trust by offering transparent weighing, purity testing, separate stone valuation, and clear exchange practices that reduce dependence on freshly imported gold.
May 30, 2026
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Budget smartphone comparison highlights 4G affordability, 5G performance upgrades, and flexible Easy EMI purchase options.
TECNO expanded its budget smartphone lineup in India with the launch of the TECNO Pop X and TECNO Pop X 5G, positioned for different user needs and price segments. The standard model is an affordable 4G phone for everyday use, while the 5G model offers a larger display, stronger processor, improved camera system, bigger battery, faster charging, and dual 5G connectivity. Both phones are available through Bajaj Finance partner stores and may be purchased on Easy EMIs with flexible repayment tenures.

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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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