Bengaluru-based startup Vahan uses OpenAI's GPT-4o and GPT-4o-mini models in its "AI recruiter" which helps India’s informal workers find jobs via phone calls. The voice-based chatbot supports over 40,000 monthly placements, partnering with 1,500 recruitment agencies across 900 cities. It automates hiring tasks for platforms like Swiggy and Zomato and aims to boost recruitment efficiency.

Indian startups raised $54.7 million between April 28 and May 3 across 15 deals, which is down by 46% from the $100.3 million raised by 18 startups last week, a report stated. This marked the lowest investment-week in Indian startups after the first week of January 2025. Fintech emerged as the most funded sector this week by raising $15.3 million.

With monthly OTT spends averaging ₹240-₹280 post-2024, and 57% of users feeling subscriptions lack value due to fewer fresh releases, India's streaming fatigue is real. Viewers are switching to monthly plans and cycling services to cut waste. Experts suggest tracking content drops and using bundled offers to ensure every rupee spent delivers entertainment.

Amazon Technologies has challenged the Delhi High Court's February order asking it to pay ₹340-crore in damages to Lifestyle Equities for infringing the 'Beverly Hills Polo Club' trademark. Amazon allegedly deceptively used similar trademarks on apparel sold on its site. Amazon denies any infringement and is now arguing that Lifestyle Equities had not provided sufficient evidence for the matter.

State Bank of India (SBI) recorded a 10% year-on-year fall in the net profit for the fourth quarter of FY25. The net profit stood at ₹18,643 crore during the quarter as against ₹20,698 crore from the year-ago period. However, for the entire fiscal, the bank reported 16% increase in net profit on a standalone basis at ₹70,901 crore.

Several footwear companies, including Adidas, Crocs, Nike and Puma, have written to US President Donald Trump, urging him to exempt footwear from the reciprocal tariffs. "Hundreds of businesses face the prospect of closure...Tens of thousands of jobs are at stake," they said. "American footwear businesses and families face an existential threat from cost increases," the companies added.

The DMRC allotted the ticket vending services contract of Line 1, 6, 7 (West), 8 and other locations to JMD Consultants. The lowest bid by JMD Consultants was ₹27.2 crore. 4 out of 5 firms that submitted the bids were rejected in the technical stage, making JMD Consultant the lowest bidder.

India's foreign exchange reserves rose for the eighth consecutive week to $688.1 billion for the period ended April 25, as per RBI data. This makes India the fourth-largest holder of foreign exchange reserves globally after China, Japan and Switzerland. Additionally, India's foreign currency assets rose to $580.6 billion for the week ended April 25.

The 16th Finance Commission Chairman Arvind Panagariya, said that a bilateral trade deal with the US would place India "incredibly favourably" in the global trading equation. He further said that US trade restrictions on countries like China, Vietnam and Cambodia could benefit India. Currently, India is negotiating a bilateral trade agreement with the US, which may conclude by 2025 end.

A volatile trading week saw the Sensex climb 0.32% to 80,501.99, driven by banking and infra. Nifty closed flat at 24,346.70. While global tech earnings boosted early sentiment, domestic profit booking reversed gains in autos, metals, and FMCG. The rupee appreciated sharply, and top movers included Godrej Properties (+4.21%) and Phoenix Mills (-7.65%).