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    Dalmia Bharat nears deal for JAL cement assets after Adani insolvency takeover: sources
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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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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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