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India’s financial-services sector is set for robust expansion, with profits projected to nearly double by FY30. UBS sees NBFCs leading growth, driven by retail credit, wealth management, payments, and insurance, while banks lag amid margin pressures and weak corporate lending.

DBS Bank, India s largest foreign bank by number of branches reported a 81% growth in net profit year on year led by a strong growth in interest income even as asset quality remained stable

Indian benchmark indices Sensex and Nifty experienced a third consecutive session of declines, primarily influenced by a downturn in Reliance Industries following its annual shareholder meeting. Investor concerns regarding newly imposed U.S. tariffs on Indian exports further contributed to the market s negative sentiment. Oil-and-gas and IT sectors led sectoral declines, while midcap and smallcap shares also experienced losses.

Chinese fintech company Ant Group posted a 60.5% slide in net profit to 4.74 billion yuan ($662.7 million) in the three months to March 31, according to Reuters calculations based on earnings reported by stakeholder Alibaba on Friday.

Hospitality chain Oyo, backed by a board including industry veterans, is preparing for a fresh IPO filing after two previous attempts were withdrawn. The new filing will highlight improved financial performance, with the company reporting approximately Rs 1,100 crore in EBITDA for FY25. Oyo anticipates further growth, projecting a profit after tax of Rs 1,100 crore in FY26.

The Indian rupee plummeted to record lows on Friday, breaching the 88-per-dollar mark for the first time on concerns that punitive U.S. tariffs could hurt growth and further hit portfolio flows.

India s urban infrastructure sector has witnessed a massive investment of Rs 30 lakh crore in the last decade and is estimated to receive another Rs 10 lakh crore funding over the next four years, a top government official said on Friday.

Bajaj Finserv AMC’s Sorbh Gupta said US tariffs on India pose limited earnings risk, with only 2% of MSCI India revenues exposed. He sees strong opportunities in consumption-driven sectors, midcaps, smallcaps, building materials, domestic pharma, and chemicals.

Raamdeo Agrawal believes India is entering a new phase of economic growth. He suggests this cycle is stronger and more sustainable. Agrawal advises investors to be selective and focus on companies with strong earnings. He highlights opportunities for long-term wealth creation. Market experts emphasize the importance of fundamental changes and corporate earnings quality.

Equity markets are recovering from tariff hike concerns. Investors anticipate limited long-term growth impact. Focus shifts to Goods and Services Tax (GST) rate rationalisation. This is expected to boost domestic consumption. Experts highlight that government policies aim to revive demand. Opportunities exist in consumer staples, durables, and building materials. A broader structural recovery in consumption is anticipated.