The Indian government reduced the basic customs tax on crude edible oils by 10 percentage points, effective Friday, to lower prices of palm oil, soyoil, and sunflower oil. The effective duty was lowered to 16.5% amid a 17.4% spike in retail inflation data for April, as global edible oil prices rose despite a bumper mustard harvest.

Patanjali Foods has launched an ambitious plan to cultivate 10,000 hectares of oil palm in Tripura, aiming to enhance local production and support farmers. The company has acquired 30 hectares of land and plans to establish a mill, a nursery, and a demonstration plantation to provide practical guidance. The initiative is expected to boost rural incomes and reduce India's dependency on imported edible oils.

Axis Direct, a domestic brokerage firm, recommended eight stocks for short-term gains in the next 0 to 15 days. The recommended stocks include Fortis Healthcare, Union Bank, Apollo Pipes, Patanjali Foods, Glenmark Pharma, Sterling & Wilson, CDSL, and Gujarat Fluorochemicals. The global trade tensions and concerns over the macroeconomic environment have weighed on investor sentiment, leading to weak performance of domestic benchmark indices in the final trading session of FY25.

The India skin care products market is projected to grow from $2,478.4 million in 2017 to $5,033.7 million by 2027, with a CAGR of 9.5%. Growth is attributed to increased shelf space in retail stores, entry of multinational brands, and rising inclination towards natural products. The market is segmented by product type, demographics, age group, and sales channel. The cream segment dominates, followed by the female demographic and millennials. The supermarket/hypermarket segment leads in sales channel.

The Indian oral care market is projected to reach US$3.2 billion by 2033, driven by increasing awareness of oral hygiene, rising disposable incomes, and demand for premium dental products. The market is highly competitive with global players and domestic brands vying for market share. Key trends include the growing preference for natural and herbal products, and the expansion of modern retail and e-commerce platforms.