Asian Paints, India's leading paint manufacturer, is facing increased competition. Grasim Industries, led by Kumar Mangalam Birla, has gained significant market share in its first year. Asian Paints' market share declined to 52%. Grasim's Birla Opus now holds 6.8% of the market. This intense competition has impacted Asian Paints' profits.

Life Insurance Corporation (LIC) has bought stake in the Bank of India (BoI), this move increases stake of the body to 8.38 percent.

Leading automaker Tata Motors on Tuesday reported 51% fall in its consolidated net profit at Rs 8,470 crore in the quarter ended March 2025. Revenue from operations in the same period were flat at Rs 1.19 lakh crore.

India's gems and jewellery exports experienced a 4.62% decrease in April, totaling USD 2,037.06 million, according to GJEPC data. Cut and polished diamond exports fell by 6.12%, while gold jewellery shipments saw a 5.41% decline. Polished lab-grown diamond exports remained nearly flat, but coloured gemstones exports showed positive growth of 11.95%.

UnitedHealth CEO Andrew Witty resigned for personal reasons, prompting the return of Stephen Hemsley as CEO. The company also suspended its full-year financial outlook due to unexpectedly high medical costs, particularly among new Medicare Advantage beneficiaries. This announcement follows a period of stock decline and challenges related to the death of a company executive.

Both rural and urban sectors witnessed a decline in inflation in April 2025, with rural areas seeing a more significant drop. Rural headline inflation fell to 2.92% from 3.25% in March. The food inflation in rural areas also dropped notably, easing to 1.85% in April from 2.82% the previous month.

India's banking system is poised for a significant liquidity surge, potentially reaching ₹6 lakh crore, fueled by a substantial dividend payout from the RBI to the government. This influx, driven by robust RBI earnings from foreign exchange reserves and dollar sales, is expected to influence interest rate dynamics, potentially lowering the weighted average call rate.

India is considering retaliatory import duties on specific US goods in response to American tariffs on steel and aluminum, potentially jeopardizing ongoing trade agreement negotiations. GTRI suggests that a resolution hinges on US engagement in consultations or tariff withdrawal; otherwise, India's tariffs could take effect in early June.

India's generics medicine industry is unlikely to be impacted by President Donald Trump's move to slash drug prices in the US drastically, said Sudarshan Jain, Secretary General, Indian Pharmaceutical Alliance (IPA).

Flipkart is limiting the expansion plans of its quick commerce unit, Flipkart Minutes, as it looks to add new dark stores only in the top six to eight cities, according to people familiar with the matter. Flipkart’s cautious approach to quick commerce comes amid a year of rapid growth in the sector, even as the broader ecommerce segment has slowed.

A U.S.-China tariff pause is pressuring manufacturing hubs like Vietnam and Mexico to secure better trade deals with the U.S. to maintain their "China-plus-one" advantage. While the pause offers China a reprieve, uncertainty persists, potentially delaying multinational corporations' investment decisions.

Tata Steel is set to invest $2.5 billion into its Singapore-based T Steel Holdings to strengthen its European operations and reduce debt. This significant capital infusion will support the transformation of Tata Steel's UK and Netherlands units, which are adapting to regulatory changes and decarbonization efforts by transitioning to electric arc furnaces.

With one of the youngest entrepreneur bases in Asia-Pacific, India’s SME sector is well-positioned to drive sustained growth and innovation, says the 2025 edition of the Asia-Pacific Small Business Survey.

A senior official of Maharashtra Cyber debunked claims of hackers stealing data from Chhatrapati Shivaji Maharaj International Airport in Mumbai, hacking aviation and municipal systems, and targeting the Election Commission website.

India's bankruptcy code faces new challenges. A court ruling threatens to reverse completed resolutions. Lenders may have to return funds received from distressed asset sales. This decision creates uncertainty for investors. It also undermines the effectiveness of the insolvency process. The government must address these issues to restore confidence. Reforms are needed to ensure fair and predictable outcomes.

Indian benchmark indices Sensex and Nifty experienced a decline on Tuesday morning, reversing gains from the previous day's surge. This downturn followed a fragile ceasefire agreement with Pakistan. While some stocks like Sun Pharma saw gains, Infosys and Kotak Mahindra Bank led the losses among Sensex constituents.

India has proposed retaliatory tariffs on specific American goods under WTO guidelines, responding to US duties on steel and aluminum. New Delhi asserts that the US measures impact $7.6 billion worth of Indian exports, potentially costing $1.91 billion in duties.

With GST returns for May 2025 onwards, businesses must now mandatorily pick HSN codes from a system list and report the complete invoice series. Experts say this move will curb tax leakages, prevent backdated billing, and bring uniformity in return filings.

Despite the near-term challenges, banks and analysts anticipate that the stress in the microfinance segment will gradually subside, with a clearer recovery trend emerging in the latter half of FY26.

IRDAI's common empanelment drive is underway, with insurers onboarding 4,000 - 5,000 hospitals for a cashless network. With the PMJAY pricing model expanding its reach in the health insurance space, ETBFSI spoke to insurers to understand how this shift could change hospital partnerships and claim settlements.