Ritesh Agarwal-led hotel aggregator OYO is postponing its third attempt at IPO after opposition from investor SoftBank and market volatility, Bloomberg reported. SoftBank reportedly disapproved of OYO's proposed October IPO, urging it not to go for an IPO until its earnings are stronger. OYO first filed for IPO in 2021 and then in March 2023, but later withdrew the application.

S&P Global Ratings' report cut India's GDP growth forecast by 0.2% to 6.3% for FY26, citing global trade uncertainty due to the US government's reciprocal tariffs. The report also stated that US is expected to experience a decline in GDP growth by 0.5% in FY26. In the Asia-Pacific economies, China's GDP growth is expected to drop by 0.6% in FY26.

The NCRTC conducted a trial run up to Modipuram, the last station of the Delhi-Meerut RRTS, which makes it the first time a Namo Bharat train was run through Meerut's underground section. The Delhi-Ghaziabad RRTS Corridor spans 55 km through 11 stations and is operational between New Ashok Nagar and Meerut South.

India's quick commerce firms-Zepto, Blinkit, and Swiggy-are extending their 10-minute delivery promise to high-value items like iPhones and AirPods. Once focused on groceries and household staples, these platforms are testing the appetite for instant access to premium goods. The shift raises questions about demand, logistics, and whether such models are sustainable at scale.

US-based luxury beauty and skin brand Estee Lauder announced job cuts of 2,600 employees amid sales drop. The company will cut more employees by implementing another Estee Lauder layoffs round as a part of its target of cutting 7,000 employees to save cost and restructuring its business amid global challenges.

SEBI accused Gautam Adani's nephew Pranav Adani, son of Gautam's elder brother Vinod, of violating insider trading norms, Reuters reported. A SEBI notice to Pranav last year alleged he shared information about Adani Green's acquisition of SB Energy with his brother-in-law before the deal's announcement. Pranav said he was seeking to settle charges "to put an end to the matter".

In FY23, over 7.3 million lounge visits in India were enabled through credit card-linked programs, with 90% routed via aggregators like DreamFolks. As air travel rebounds, credit card perks such as free lounge access are increasingly popular, signalling consumer expectations shifting toward comfort-focused travel. India now has 110 million active credit cards, many bundled with such benefits.

Reliance continues a strong upward trajectory that has seen the heavyweight stock consistently outperform the Nifty and lead the broader market higher in recent weeks. The stock climbed closer to the ₹1500 mark. Analyst cautions that while momentum is strong, the risk-reward may turn unfavourable near ₹1500 without a volume-backed breakout.

RailTel Corporation shares rallied nearly 10% on May 2 following robust earnings. The company reported a 46.3% jump in net profit to ₹113.4 crore, while revenue rose 57% to ₹1,308 crore for the fourth quarter (Q4). SEBI registered analyst believes a breakout above ₹339 could trigger a trend reversal with medium-term targets up to ₹600.

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