Overview

• Indian equity markets reopened on May 2, with the Sensex and Nifty previously closing slightly lower on April 30 at 80,242 and 24,334, respectively.
• Tata Motors reported a 6% year-on-year decline in April 2025 sales, while Federal Bank posted a 13.7% rise in Q4 net profit to Rs 1,030.2 crore.
• Infosys completed its acquisition of MRE Consulting, bolstering its U.S. operations in energy, manufacturing, and financial sectors.
• JSW Neo Energy signed a 1,500 MW/12,000 MWh pumped hydro storage agreement with Uttar Pradesh Power Corporation Ltd, while GR Infraprojects secured a Rs 4,262.78 crore road concession deal with NHAI.
• Zaakpay, a subsidiary of One MobiKwik Systems, received RBI authorization to operate as an Online Payment Aggregator, enhancing its fintech capabilities.