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    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
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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.
June 5, 2026
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Blue economy and seafood exports drive India's aquaculture growth through sustainability, innovation, and infrastructure development.
India's seafood sector offers substantial expansion potential, with the country holding only a small share of the global seafood market. The discussion highlights the role of blue economy development in supporting coastal economic growth while preserving marine ecosystems, and identifies Andhra Pradesh as a major contributor through its fish production, shrimp production, and seafood export earnings. The stated growth strategy centres on improving quality, sustainability, traceability, innovation, and zero pollution in seafood production and exports.

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Navi Mumbai Airport to launch international operations on July 15

June 17, 2026

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Mumbai, Jun 17 (PTI) Adani Group-owned Navi Mumbai airport is expected to start international operations from the greenfield facility from July 15, a top official said on Wednesday.

Along with international passenger flights, the Navi Mumbai airport will also commence international freighter operations, he said.

The second airport in the Mumbai Metropolitan Region had commenced domestic flight services from December last year.

"On July 15, we are starting with freighters, and we expect the freighters to ramp up to almost 18 weekly flights. Good news is also that there is movement on the passenger side and hopefully on July 15 international passenger flights will also start," Navi Mumbai International Airport Ltd (NMIAL) Chief Executive Officer BVJK Sharma told reporters on the sidelines of BCBA Logistics Conclave here.

Sharma further noted that both "Air India Express and IndiGo are going to operate international flights from Navi Mumbai".

Member (Customs), a senior official within the Central Board of Indirect Taxes and Customs (CBIC), reviewed the readiness of the airport (for international operations) on Tuesday, and relevant notifications have been promulgated, he said.

"The last one is being done today, which will then follow with Section 45 and the trials with both the codes for courier and the cargo," he said, adding that this will lead to probably a trade notice by the customs around July 5.

Asked how many international services the airport was looking to begin with, he said, "We need to see (how many international services). The filings have just started; we do not have the firm numbers yet. On March 29, we had certain filings, but all that got cancelled because of the situation.

"A fresh filing has happened yesterday (Tuesday) night, which was by Air India Express. So, Air India Express and IndiGo both are going to put international flights in Navi Mumbai." The Navi Mumbai International Airport, which started commercial flights in December last year, handles around 20,000 passengers per day with 150 departures and arrivals. The airport is expecting the daily passenger footfall to surge to 50,000 per day by the year-end, and 380 Air traffic movements (arrivals and departures) per day.

Sharma also said international airlines have started talking to NMIAL for starting their services from the new airport, adding that, "There is no firm name yet, but many have come. Many ambassadors from various countries and many consulate generals are coming and meeting." He said the airport is hopeful for short-haul (international) flights, to begin with. Flights with 4-6 hour duration fall in the short-haul category.

He said the design work for the next phase has just started. The airport operator had said earlier that it was planning a 30 million passenger terminal.

"Now we are planning a bigger terminal. We are redesigning it. The main architects will come on board, but we have begun the planning," he said.

On the demand for domestic cargo versus international cargo, Sharma said freighters operate on a hub-and-spoke model and domestic feed is very important in that system.

International freighters also connect with domestic operators. Just like every wide-body aircraft needs domestic flights to connect passengers, cargo will also work on a hub-and-spoke model, he said, emphasising that Navi Mumbai will be a "good hub".

Stating that domestic cargo -- especially belly cargo (the cargo space in a passenger aircraft) -- is doing well, he said almost 70 per cent of the airport's cargo volumes are expected to be from the belly.

Earlier, addressing the event, Sharma said the airport has begun work on the next phase of the terminal, which will be the largest terminal in the country with a 50-million capacity.

"We have had some discussions with the main architects and are trying to see whether we can integrate all the international business of passengers in one terminal going forward. So, in this 50 million capacity terminal, probably 25-30 million international passengers would be integrated by 2038, he stated.

On June 15, it was named among the Prix Versailles World's Most Beautiful Airports 2026 alongside five other international airports, including Guangzhou, China; Frankfurt am Main, Germany; Kandal Stueng, Cambodia; Pittsburgh and San Diego in the United States. PTI IAS TRB

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