Key updates from the Indian stock market on May 29, 2025, include regulatory actions, company agreements, and Q4 earnings reports.
SEBI has barred IndusInd Bank's former CEO and other executives from market dealings due to insider trading allegations following a stock price drop on March 10, 2025. Infosys has partnered with E.ON for AI-powered digital workplace transformation, announced on May 27, 2025, leveraging Infosys Topaz to improve experiences for over 77,000 E.ON employees across Europe.
Leadership Changes and Q4 Earnings
N Chandrasekaran resigned from Tata Chemicals, with S Padmanabhan appointed as the new chairman effective May 30, 2025. Several companies have released their Q4 earnings reports, including Deepak Nitrite, Cummins India, Insecticides (India), Nuvama Wealth Management, Bata India, and SAIL.
Bata India's consolidated net profit for Q4 FY25 was ₹45.92 crore, a 27.8% decrease from the previous year. SAIL reported a consolidated net profit of ₹1,251 crore for Q4 FY25, an 11.1% increase year-over-year. Cummins India's total revenue for FY25 reached ₹10,166 crore, a 15% increase over the previous year.