Here's a summary of stocks and financial news likely to be in focus. Several companies are set to declare their Q4 results for FY25, including Tata Steel, UPL, SRF, Raymond, PVR Inox, and Zaggle Prepaid Ocean.

State Bank of India (SBI) and Yes Bank: SBI's board has approved the sale of a 13.19% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for ₹8,889 crore.

Swiggy: The food delivery company Swiggy reported a near twofold increase in its losses for the fourth quarter, reaching ₹1,081 crore, up from ₹554 crore in the same quarter last year. Despite the losses, Swiggy is betting on its 10-minute food delivery service Bolt to drive growth and market share.

Canara Bank: Canara Bank directed its 82,000 employees to actively seek funds, successfully raising ₹16,700 crore in just ten weeks to boost deposit growth.

Bank of India: Recoveries and gains from previously written-off accounts during the January–March quarter boosted Bank of India's net profit for Q4, which surged by 82% to ₹2,626 crore.

Dr. Reddy's: Dr. Reddy's Laboratories posted a 22% rise in consolidated net profit, reaching ₹1,594 crore in Q4 FY25, compared to ₹1,307 crore in the same quarter last year.

TVS Motor: TVS Motor Company CEO KN Radhakrishnan stated that the domestic two-wheeler industry is likely to maintain its growth trajectory this fiscal year, supported by income tax relief, increased infrastructure spending, and the anticipation of a normal monsoon.

GAIL: GAIL (India) Ltd has signed an MoU with the Karnataka government to explore the development of renewable energy projects with a potential capacity of up to 1 gigawatt (GW) in the state.

Adani Power: Adani Power announced that it has won a contract to provide 1,500 MW of thermal power to Uttar Pradesh at a levelised rate of ₹5.383 per unit.

Reliance Power: Reliance Power reported a consolidated net profit of ₹126 crore for the January-March quarter of FY25, primarily driven by reduced expenses.