Economy / Market Snapshot – May, 2025

General News

• Indian Armed Forces carry out “Operation Sindoor” against terrorists; 9 terror infrastructures destroyed in Pakistan & PoJK.
• India, Pakistan hold DGMO-level talks; agree on no firing, troop reduction measures.
• Indian Army’s air defence systems downed over 600 Pakistan drones during Operation Sindoor.
• Army chief grants commanders ‘full authority’ to hit back at Pakistan’s ceasefire violations.
• Operation Sindoor: Multi-party delegations engage in high-level discussions with global leaders.
• Tiranga rallies held across the nation to honour national heroes and promote unity.
• DRDO successfully tests maiden flight trials of Stratospheric Airship platform.
• US approves sale of HawkEye 360 technology to India to boost the country’s surveillance capabilities.
• India successfully tests homegrown ‘Bhargavastra’ counter-swarm drone system.
• New Delhi, Islamabad directly negotiated: Jaishankar rebuts Trump’s claim of ceasefire mediation.
• ISRO’s PSLV-C61 launch faces setback, loses EOS-09 satellite minutes after liftoff.
• India launches world’s highest-resolution weather forecast system — Bharat Forecasting System.
• President Droupadi Murmu awards 6 Kirti, 33 Shaurya Chakras for gallantry.
• President Murmu confers Padma Awards to 69 eminent personalities at second Civil Investiture Ceremony.
• India offers $200 million defence credit to Angola for military modernisation.
• Rajnath Singh meets Japanese General Nakatani, discusses regional security, defence cooperation.
• Jaishankar visits Netherlands, Denmark & Germany for high-level talks.
• PM inaugurates India’s 1st semi-automated Vizhinjam International Deepwater Multipurpose Seaport.
• PM Modi lays foundation for Amaravati’s revival, launches ₹58,000 crore projects in Andhra Pradesh.
• Karnataka government begins statewide caste census for Scheduled Castes (SC).
• PM Modi on two-day trip to Sikkim, UP, West Bengal; launches numerous development projects.
• PM Modi inaugurates development projects worth around ₹24,000 crore in Gujarat’s Dahod.
• Justice B.R. Gavai sworn in as Chief Justice of India.
• UIDAI achieves major milestone with over 150 billion Aadhaar authentications.
• National Herald Case: ED alleges Sonia, Rahul Gandhi benefited from ₹142 crore in ‘proceeds of crime’.
• London High Court rejects Nirav Modi’s fresh bail plea in ₹13,000 crore PNB fraud case.
• Cabinet approves ₹11,829 crore expansion of five IITs, 6,576 new seats added.
• Universities cut ties with Turkish institutions following Turkey’s open support for Pakistan.
• Kailash Manasarovar Yatra resumes after 5 years; 750 pilgrims selected via online draw.
• Char Dham Yatra begins with opening of Gangotri, Yamunotri portals.
• Govt declares 23rd September as Ayurveda Day.
• World Health Assembly adopts historic pandemic agreement to strengthen global preparedness.
• India, Thailand, Singapore see uptick in Covid cases; WHO urges vigilance.
• Monsoon hits Kerala 8 days early; advances across India, triggering heavy rain in several states.
• JeM chief Masood Azhar accepts death of 10 family members in Indian strike in Pakistan.
• Pakistan PM Shehbaz Sharif expresses willingness for talks with India in Iran.
• Pakistan, China agree to deepen trade, maintain close communication.
• Balochs declare independence from Pakistan, urge UN to recognise ‘Democratic Republic of Balochistan’.
• US approves up to $350 million in Ukraine F-16 training, support.
• Putin hosts Victory Day parade to commemorate 80th anniversary of Soviet triumph over Nazi Germany.
• Russia, Ukraine swap hundreds of prisoners in a major exchange after their first direct peace talks.
• US, Ukraine sign deal granting Washington access to minerals in exchange for reconstruction fund.
• Trump administration bars Harvard from enrolling international students.
• Elon Musk steps down as DOGE head, quits Donald Trump cabinet.
• US President Trump, Saudi Crown Prince sign $142 billion arms deal.
• Israel and Hamas resume negotiations to end their ongoing war in Gaza.
• UK and EU hail a new chapter as they sign fresh deals 5 years after Brexit.
• Australian Prime Minister Anthony Albanese wins second consecutive three-year term.
• Canadian Prime Minister Carney reshapes Canadian cabinet, taps Anita Anand as foreign minister.
• Conservative leader Friedrich Merz sworn in as German chancellor.
• North Korea, Russia begin building their first road link.
• Singapore PM Lawrence Wong’s People’s Action Party secures landslide victory in general elections.
• American Cardinal Robert Francis Prevost elected Pope, takes name Pope Leo XIV.
• Hong Kong, Singapore on high alert as Covid-19 cases spike.
• Khelo India Youth Games 2025 Ends; Maharashtra Tops with 158 Medals.
• Rohit Sharma, Virat Kohli retire from Test Cricket.
• IPL suspended for one week due to India-Pakistan conflict.
• RCB reaches final of IPL 2025; Punjab Kings will take on Mumbai Indians in Qualifier 2.
• Women’s tri-nation ODI series: India defeats Sri Lanka in the final to clinch title.
• Women’s ODI team rankings: India closes in on second-placed England; Australia maintains dominance.
• R Praggnanandhaa wins Superbet Chess Classic, his first Grand Chess Tour victory.
• Badminton men’s singles, K. Srikanth finishes runner-up at Malaysia Masters.
• French Open: Daniil Medvedev suffers shock first-round exit after defeat to Cameron Norrie.

Business News

• Govt closes FY22–25 asset monetisation programme slightly short of target at ₹5.8 lakh crore.
• Finance Ministry unveils draft ‘climate taxonomy’ document to aid clean energy investment.
• Govt launches Depot Darpan, Anna Mitra& Anna Sahayata apps for PDS.
• CCEA hikes MSP for 14 Kharif crops for Marketing Season 2025-26.
• Cabinet approves continuation of interest subvention scheme for farmers.
• Rising North East Investors Summit 2025 gets investment proposals of ₹4.3 lakh crore.
• DPIIT inks pact with Global Energy Alliance for People and Planet to support climate-tech start-ups.
• PM Modi lays foundation stone for city gas distribution project in West Bengal’s Alipurduar.
• RBI relaxes norms for FPIs investing in corporate debt securities through general route.
• GST mop-up rise 12.6% to record-high at ₹2.37 lakh crore in April.
• Commercial LPG price slashed by ₹14.50, ATF prices cut by 4.4%.
• Last date of filing ITR extends from 31st July to 15th September 2025.
• RBI Board approves record dividend transfer of over ₹2.68 lakh crore to Central govt for 2024-25 fiscal.
• SEBI limits equity derivatives expiry to Tuesdays and Thursdays for all bourses.
• BEML hands over ₹45 crore dividend to Defence Ministry.
• Ather Energy, Aten Papers and Foam, Borana Weaves, Victory Electric Vehicles International and Belrise
  Industries make their market debuts.
• Japan’s SMBC acquires 20% stake in Yes Bank for $1.6 billion
• IndusInd Bank’s internal audit finds ‘unsubstantiated balance’ of ₹595 crore.
• IDFC First Bank shareholders reject resolution to allow board seat to Warburg Pincus arm.
• RBI makes it mandatory to report digital lending apps in CIMS portal from May 13.
• SEBI mandates e-book mechanism for private debt securities above ₹20 crore.
• Federal Reserve keeps interest rate unchanged amid uneconomic concerns, flags inflation risk.
• Pakistan receives second tranche worth $1 billion under extended fund facility from IMF.
• Trump announces trade deal with UK as tariffs continue to spark economic uncertainty.
• US and China agree to drastically roll back tariffs in major trade breakthrough.
• India, Maldives sign 13 MoUs to implement projects under Indian grant assistance.
• China, Pakistan agree with Kabul to expand CPEC to Afghanistan.
• US President extends EU tariff talks deadline to July 9 amid threat of 50% duties.
• Pakistan imposes port ban on Indian ships after New Delhi’s import blockade.
• PM Modi inaugurates 103 Amrit stations across 18 states under ₹1,100 crore plan.
• India unveils first 9000 HP locomotive with regenerative braking, eyes global market.
• Telangana govt clears ₹8,528 crore investment by Hyundai in Zaheerabad.
• Bajaj Auto acquires controlling stake in KTM in €800 million deal.
• Civil aviation ministry gives in-principle nod for airports in Rajasthan, Odisha.
• Govt revokes security clearance of Turkish ground handling firm Celebi Airport Services.
• India extends airspace ban on Pakistani aircraft till June 23.
• SpaceX’s Starship crashes as onboard leak triggered uncontrollable spinning.
• Cabinet clears ₹3,706 crore HCL-Foxconn semiconductor plant in UP’s Jewar.
• Reliance Infra clears ₹3,300 crore debt in FY25, standalone net debt to banks and FIs at ‘zero’.
• IBM and TCS to deploy India’s largest Quantum Computer in Andhra Pradesh.
• Google unveils new AI video tool Flow along with Veo 3 at Google I/O 2025.
• Centre launches PLI scheme for 11 pharmaceutical products.
• Starlink gets nod for satellite internet services in India, LoI issued by DoT.
• Dixon Technologies partners with NxtCell to manufacture Alcatel smartphones in India.
• Trump urges tech firms including Samsung to make electronics in US, else face tariff pressures.
• HCLTech joins European Commission’s Artificial Intelligence Pact.
• Vedanta gets NCLAT relief on demerger plan.
• Karnataka promulgates Ordinance for providing security to platform-based gig workers.
• President Trump imposes 100% tariff on films produced outside US.
• Warren Buffett steps down from Berkshire Hathaway; Greg Abel to take over as CEO by year-end.
• Bill Gates pledges to donate 99% of fortune, shut Gates Foundation by 2045.

Q4 Results

• Tata Motors PAT falls 51% YoY to ₹8,470 crore; to pay ₹6/share as final dividend.
• M&M Q4 net profit up 22% to ₹2,437 crore, revenue rises 24% YoY; declares dividend of ₹25.30.
• Hyundai Motor Q4 Cons PAT drops 4% YoY to ₹1,614 crore, revenue rises marginally to ₹17,940 crore.
• Hero MotoCorp net profit rises 6% to ₹1,081 crore, firm announces dividend of ₹65 per equity share.
• Ather Energy Q4 loss narrows to ₹234.4 crore on higher revenue of ₹676 crore.
• Ola Electric Q4 losses double to ₹870 crore; revenue plummets 62%.
• PNB Q4 net profit rises 50% to ₹4,642.9 crore, revenue up by 13%.
• LIC Q4 Net profit jumps 38% to ₹19,013 crore, insurer declares ₹12 dividend.
• BHEL Q4 Net profit rises 3% to ₹504 crore; revenue jumps 9% YoY to ₹8,993 crore.
• ONGC posts 20% decline in Q4 net profit at ₹8,856 crore, declares dividend of ₹1.25/share.
• ITC Q4 net profit at ₹19,562 crore on exceptional gain, ₹7.85 final dividend announced.
• Sun Pharmaceutical Industries Q4 Profit sinks 19% to ₹2,153.9 crore.
• IRCTC Q4 Cons PAT jumps 26% YoY to ₹358 crore, revenue up 10% at ₹1,269 crore.
• Bharti Airtel Q4 Adjusted PAT soars 77% YoY to ₹5,223 crore; ₹16/ share dividend declared; ARPU at ₹245.
• IndiGo Q4 Net profit rises 62% to ₹3,073 crore on healthy demand for air travel.
• Adani Enterprises Q4 PAT surges 752% YoY to ₹3,845 crore on exceptional gain.
• Eternal Q4 PAT tanks 78% YoY to ₹39 crore on higher expenses, revenue jumps 64%.
• Swiggy Q4 Net loss nearly doubles to ₹1,081 crore despite 45% YoY revenue jump to ₹4,410 crore.