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May 25, 2026
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Rupee stability and orderly forex price discovery gain focus as the central bank signals market support.
The rupee appreciated in the foreign exchange market and extended its gains for a third straight session, closing stronger against the US dollar on improved global risk sentiment and weaker dollar conditions. The Reserve Bank of India signalled readiness to ensure orderly price discovery in the forex market, with the RBI Governor stating that the central bank would do whatever is required to maintain orderly market conditions. He also stated that the rupee is not overvalued and may be undervalued after its recent depreciation.
May 25, 2026
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Due process in money laundering arrests reported as the court questions an arrest warrant and bars detention pending review.
Interim restraint was reported in a money laundering matter concerning a former prime minister and his spouse, after the Supreme Court questioned the validity of an arrest warrant issued by the district court. The reported order turned on due process concerns in the issuance of the warrant and directed that the couple not be arrested pending further consideration. The report also noted that police had sought a red corner notice through Interpol, but the request was rejected for want of sufficient supporting material.
May 25, 2026
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Excise duty cuts, fuel inflation, and exporter sustainability pressures shape the government's outlook on prices and trade.
Government revenue foregone through excise duty cuts on petrol and diesel was described as a consumer-protection measure used to cushion fuel inflation, while later retail fuel increases were attributed to market-driven revisions by oil marketing companies after a surge in international crude prices. The remarks also referred to the Reserve Bank of India's dividend transfer as arising from an established calculation process, and noted that exporters must adapt to sustainability requirements, traceability, fair labour practices, and the changing impact of artificial intelligence and automation on manufacturing.
May 25, 2026
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Fuel supply monitoring intensifies as authorities address retail dry-outs, panic buying and last-mile replenishment constraints.
Daily monitoring of fuel supplies is being carried out to address intermittent dry-outs at a few retail outlets caused by a sudden rise in demand, last-mile supply constraints, and price-driven shifts from private retailers to state-run pumps. The government says sufficient stocks of petrol, diesel and LPG are available, with replenishment being prioritised and state governments asked to help prevent hoarding and mismanagement.
May 25, 2026
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Property rights challenge over Delhi Gymkhana Club premises alleges arbitrary takeover, forced eviction, and lack of due process.
Members and staff of the Delhi Gymkhana Club challenged the Centre's order directing handover of the club premises, alleging arbitrary takeover, forced eviction, and extinction of long-standing leasehold, associational, membership, and livelihood interests without due process. The pleas invoke Article 300A, legitimate expectation, and constitutional protections under Articles 14, 19(1)(g), and 21, while contending that the stated need for defence infrastructure and public security is vague and pretextual. The matter was mentioned for urgent hearing and listed for Tuesday.
May 25, 2026
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Industrial production index revision broadens sectoral coverage, updates weights, and links the new series with geometric mean methodology.
The revised All-India Index of Industrial Production series expands coverage, updates the item basket and weights, aligns the index with NIC-2025, and introduces greater sectoral granularity through new sub-indices. It also adopts the Geometric Mean method for linking the 2011-12 and 2022-23 series, with linking factors computed at the General Index and Sectoral Index levels.
May 25, 2026
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Infrastructure project monitoring through PAIMANA tracks ongoing central sector works, sector-wise progress, and new project additions.
Central Sector infrastructure projects worth Rs.150 crore and above are monitored through the PAIMANA portal, which uses a "one data, one entry" framework and integrates with the DPIIT IPMP portal through APIs to automate data updates from Ministries and Departments. As of April 2026, the portal tracks 1,981 ongoing infrastructure projects across 17 Central Ministries and Departments, with a revised cost of Rs.42.78 lakh crore and cumulative expenditure of Rs.20.36 lakh crore. The press release also records ministry-wise and sector-wise distribution, new project additions, and commissioned projects.
May 25, 2026
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Fuel price hikes spark criticism over falling crude costs, tax burden, and demands for rollback of petrol and diesel rates
Fuel price increases prompted criticism of the Centre's pricing policy, with Congress leaders alleging repeated hikes in petrol and diesel despite falling crude oil prices and demanding a rollback. The criticism extended to LPG, domestic gas, commercial gas and CNG, with the speakers linking the higher fuel burden to inflation and pressure on farmers, salaried households, small businesses and ordinary consumers. The leaders also questioned the Centre's collection of revenue from petroleum taxation and its use of resources from the RBI, alleging that the benefits of lower crude prices were not being passed on to consumers.
May 25, 2026
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Rupee appreciation supported by market optimism, softer dollar trends and RBI focus on orderly price discovery.
The Indian rupee appreciated against the US dollar for a third straight session amid improved market sentiment, including expectations of progress in US-Iran negotiations and a possible interim trade understanding between the US and India. The Reserve Bank of India Governor stated that the central bank would do whatever is required to ensure orderly price discovery in the foreign exchange market and said the rupee is not overvalued and may have been undervalued after its recent depreciation.
May 25, 2026
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Corruption and illegal commission racket allegations shape bail proceedings linked to a state-run corporation.
Bail proceedings concerned allegations of corruption and an illegal commission racket linked to the Chhattisgarh State Marketing Corporation Limited, where manpower agencies were allegedly forced to pay commissions for bill clearances through intermediaries. The prosecution case was registered by the Economic Offences Wing and Anti-Corruption Bureau under the IPC and the Prevention of Corruption Act. The High Court had declined bail, treating the matter as a deep-rooted corruption network involving public funds, and the Supreme Court sought the State's response on the bail plea.
May 25, 2026
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Bail in liquor policy scam cases follows parity with co-accused and lengthy trial concerns
Bail was granted to a former excise commissioner in two connected Chhattisgarh liquor policy scam matters, one relating to the alleged criminal conduct and the other to the consequential money laundering case. The court noted that co-accused were already on bail and that the trials were likely to take considerable time, and it imposed the same bail conditions as in other cases. He was required to remain outside Chhattisgarh, while being allowed to visit for trial and investigation proceedings, with liberty to seek modification later.
May 25, 2026
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Rupee appreciation against the US dollar reflects trade deal hopes, softer global sentiment and RBI market monitoring.
Rupee appreciation against the US dollar was reported in early trade, supported by expectations of progress in US-Iran peace negotiations and indications that an interim India-US trade agreement may be nearing finalisation. The Reserve Bank of India was noted as remaining active in the market to monitor the dollar and manage volatility, while traders also referred to lower holiday-related demand and possible month-end demand. The report placed the currency movement alongside softer dollar strength, lower oil prices, equity gains, and a weekly fall in foreign exchange reserves.
May 25, 2026
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India-Canada CEPA negotiations advance through ministerial engagement aimed at boosting trade, investment, and strategic cooperation.
Advancement of India-Canada CEPA negotiations through a ministerial visit focused on high-level political, official, and business interactions, with the stated aim of reviewing negotiating progress and exploring wider trade and investment opportunities. The engagement is framed as part of sustained bilateral renewal, supported by structured interactions with government leaders, industry representatives, startups, pension funds, and Canadian business interests across sectors including energy, manufacturing, aerospace, agriculture, telecom, pharmaceuticals, and services. The overall emphasis is on using the visit to deepen bilateral cooperation, support ongoing CEPA negotiations, and expand the partnership across priority economic and strategic sectors.
May 25, 2026
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Industrial park development framework sets out eligibility, funding, SPV governance, and monitoring for investment-ready infrastructure.
The BHAVYA Scheme sets out a Central Sector framework for developing investment-ready industrial parks through integrated infrastructure, eligibility criteria, project selection, funding, governance, monitoring, and implementation arrangements. It provides for 100 industrial parks over six years, beginning with a challenge-based selection of up to 50 parks, and covers greenfield and eligible brownfield projects. Implementation will use Special Purpose Vehicles, with financial assistance linked to land contribution and milestone achievement, supported by monitoring, reporting, and oversight mechanisms.
May 24, 2026
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Indo-US trade commitments draw criticism over import expansion, foreign exchange pressure, rupee depreciation, and policy communication concerns.
Political criticism focused on reported commitments in the Indo-US trade relationship, questioning why imports from the US were being expanded while citizens were urged to conserve foreign exchange. The commentary also warned that higher imports could pressure the rupee and argued that the trade arrangement had lost its logic after the US Supreme Court struck down the tariffs that formed its background. It further criticised the government for allowing major foreign policy and trade announcements to come from Washington rather than New Delhi.
May 24, 2026
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Bank staffer alleged theft and money laundering from currency chest through property purchases and cryptocurrency investments.
A public sector bank employee was arrested in connection with the alleged theft of cash from an RBI currency chest in Ahmedabad and the laundering of the stolen money through property purchases and cryptocurrency investments. The theft was allegedly carried out by concealing currency notes in iron boxes presented as scrap, with two contract labourers involved. Police registered an FIR, recovered part of the money, and said the accused used proceeds to buy property, a commercial vehicle and a shop, and to invest in cryptocurrency.
May 24, 2026
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Cheating allegations in export trade over green chillies, with claimed non-payment of sale proceeds and threats after demand.
Cheating allegations arose from an export transaction involving green chillies, where the accused allegedly took charge of the consignment, collected money towards purchase, transport, shipping and customs clearance, sold the goods in Dubai and failed to remit the proceeds due to the complainant's firm. The complaint also alleges that the accused threatened the complainant when payment was demanded. A case was registered under the Bharatiya Nyaya Sanhita, and investigation is in progress.
May 24, 2026
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Strategic partnership reset as India and the United States broaden talks on trade, energy security, visas and counterterrorism.
India and the United States held frank discussions to reset strained bilateral relations and deepen cooperation across trade, visas, energy security, cross-border terrorism, defence, critical minerals and high technology. The talks also covered regional and global developments, including the West Asia conflict, maritime commerce and supply-chain resilience, with both sides signalling continued engagement on strategic and economic issues. India articulated a five-point foreign policy approach stressing dialogue and diplomacy, safe and unimpeded maritime commerce, respect for international law, opposition to the weaponisation of market shares and resources, and support for trusted partnerships and resilient supply chains. The discussions further highlighted India's concerns on energy security, diversification of energy sources, stable energy markets and the need to keep energy prices low for global growth. The two sides also addressed visa and immigration policy changes, with India emphasising that legal mobility should not be adversely affected and the United States indicating that reform-related friction is part of a broader transition and is not targeted at India. Economic ties were reinforced by discussion of a prospective trade agreement, while counter-terrorism cooperation, counter-narcotics cooperation, extradition-related cooperation and coordination in international forums remained part of the wider strategic partnership.
May 24, 2026
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Trade agreement and strategic cooperation shape the US-India relationship amid efforts to rebalance global trade policy.
US and India are poised to finalise a trade agreement described as beneficial, enduring and sustainable, with both sides seeking arrangements that advance mutual interests and address their respective national interests. The discussions also covered wider bilateral cooperation in trade, critical minerals, energy and defence, against the backdrop of efforts to reset trade relations and rebalance US trade policy on a global basis rather than against any particular country.
May 24, 2026
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Indo-US trade commitments face criticism over import surge, foreign exchange pressure, and questions on foreign policy messaging.
Congress criticised the Prime Minister over a reported US claim that India has committed to purchasing large volumes of American goods over the next five years, focused on energy, technology and agriculture. The criticism questioned the reported Indo-US trade arrangement, its alleged concessions, and whether it should be renounced after the US Supreme Court struck down the tariffs that had formed its backdrop. It also raised concerns about foreign exchange pressure, rupee depreciation, and foreign policy announcements coming first from Washington.

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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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