At-home beauty platform Yes Madam has raised ₹50 crore from Info Edge's Growth fund in its first institutional funding round. The startup plans to expand into more cities, strengthen its partner network, and invest in technology. Operating across 55+ cities, the company completed nearly 3 lakh monthly bookings and reported ₹195 crore revenue in FY26, while maintaining profitability and growth.

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.

StrainX Bioworks has raised $13 million in a funding round co-led by Prime Venture Partners and Leo Capital. The synthetic biology startup said the funds will be used to expand R&D capabilities, scale fermentation infrastructure and grow engineering and scientific teams. StrainX added that it will also use the capital to accelerate global commercialisation efforts.

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.