Altius Telecom Infrastructure Trust, the Brookfield Asset Management-backed telecom tower InvIT, plans to soon file draft papers for a ₹6,000-crore IPO, Moneycontrol reported. India's second-largest telecom tower operator is looking to file the draft red herring prospectus (DRHP) by the end of this month or early June, the report added. Several investment banks are reportedly working on the IPO.

The Ministry of Electronics and Information Technology has taken cognisance of the controversy around Pronto's in-home AI recording pilot and is looking into the matter, government sources told Moneycontrol. This comes after Pronto faced backlash over privacy concerns. Pronto said cameras are used only in select opt-in jobs with explicit consent.

Congress and its leader, Rahul Gandhi, criticised the PM Narendra Modi-led Central government after petrol and diesel prices were hiked for the fourth time in 11 days on Monday. "Inflation Man Modi strikes again," Gandhi said, adding, "They raise...prices in instalments so that your pocket keeps getting quietly fleeced." Prices have been hiked by around ₹7.5 in 11 days.

Fuel prices were hiked for the fourth time in less than two weeks on Monday. With this hike, places with cheapest petrol price include Andaman and Nicobar Islands (₹88.66/litre), Dadra and Nagar Haveli (₹99.62/litre) and Arunachal Pradesh (₹99.68/litre). Places with cheapest diesel include Andaman and Nicobar Islands (₹84.56/litre), Arunachal Pradesh (₹89.11/litre) and Chandigarh (₹89.47/litre).

Toshifumi Suzuki, the Founder of 7-Eleven Japan and widely regarded as the father of Japan's convenience store industry, died of heart failure on May 18 at the age of 93, Seven & i Holdings said. Born in Nagano, Suzuki joined retailer Ito-Yokado in 1963. He partnered with Southland Corp, the US operator of ​7-Eleven, to launch 7-Eleven Japan in 1973.

Economist Surjit Bhalla told The Core that India’s economic challenge goes beyond the rupee slide, oil prices and global uncertainty. He said weak investor confidence, falling net FDI, policy uncertainty, manufacturing gaps, exports and missed China-plus-one opportunities are weighing on long-term growth.

Stocks of Oil Marketing Companies (OMCs) jumped on Monday after fuel prices were hiked for the fourth time in 11 days. The prices of Bharat Petroleum shares rose by 4.5%, Indian Oil rose by 4.15%, and Hindustan Petroleum by over 5.8%. The fuel price hikes will help OMCs cut back on ₹750 crore/day losses incurred due to the Iran war.

Sales of ice creams, colas, and beer have risen amid a heatwave in north India. Mother Dairy said ice cream sales have surged on quick commerce platforms in the past 10 days, while Amul said it's witnessing a "rocking season". Coca-Cola said demand is accelerating, while United Breweries saw the beer category return to 10% growth in the March quarter.

Amid worries over rupee's weakening, RBI Governor Sanjay Malhotra said, "With recent depreciation, it would be reasonable to think rupee isn't overvalued...it's become undervalued, both in nominal [and] REER (real effective exchange rate) terms." "We'll do whatever is required to ensure orderly price discovery in forex market," he said. He clarified that RBI doesn't target any fixed exchange rate.

Travel between Pune and Mumbai could soon become dramatically faster as NHAI moves ahead with plans for a second high-speed expressway corridor. The proposed 130-km route may reduce travel time to nearly 90 minutes and ease pressure on the existing Mumbai-Pune Expressway. The mega infrastructure project is expected to support rising traffic, logistics, and regional economic growth.