Asian markets traded mixed on Friday, amid a slew of economic data in the region.

US stock market ended higher on Thursday, with the S&P 500 and Dow Jones Industrial Average notching record high closes.

Here's a table showing how US stocks performed on Thursday:

Source: Equitymaster

At present, the BSE Sensex is trading 48 points lower and NSE Nifty is trading 14 points lower.

Trent, Kotak Mahindra, ITC among the top gainers today.

M&M, Infosys, Eternal on the other hand are among the top losers today.

The BSE Midcap index is trading 0.3% lower and the BSE Smallcap index is trading 0.1% lower.

Sectoral indices are trading mixed today with stocks in power sector and realty sector witnessed selling pressure. Meanwhile, stocks in banking sector and financial service sector are witnessing buying.

The rupee is trading at Rs 87.3 against the US dollar.
 

Hexaware & Replit Launch Vibe Coding

Through a platform called Vibe Coding, Hexaware and Replit have announced a new collaboration that aims to empower business users without coding knowledge to create enterprise-grade software.

This partnership combines Replit's natural language-powered development platform with Hexaware's digital transformation methodology, enabling both technical and non-technical teams within organisations to quickly create secure applications.

Professionals from departments like Product, Design, Sales, and Operations can create and implement secure software without the need for programming knowledge thanks to Replit's platform, which uses natural language processing. When combined with Replit's platform, Hexaware's Vibe Coding solutions facilitate large-scale collaboration between technical and business stakeholders.

Speeding up digital initiatives, decreasing time-to-market, and increasing customisation of business applications to meet enterprise needs are the goals of the partnership.

The companies anticipate increased participation from organisations in software development processes by doing away with the need for specialised IT support for tool development and prototyping.
 

NTPC Approves Coal Mining Business Transfer

The state-owned power giant NTPC Limited announced that its board of directors had approved a partial modification pertaining to the transfer of its coal mining business to NTPC Mining Limited (NML), its wholly owned subsidiary.

NTPC will transfer its coal mining business to its subsidiary NML for Rs 105 billion (bn). The deal, expected to complete within a year, requires statutory approvals and will be executed through an agreement to be signed by 30 September 2025.

Six coal blocks, along with related assets and liabilities, are being transferred to NML as a going concern through a slump sale.
 

Muthoot Finance Invest in Muthoot Money

Gold loan NBFC Muthoot Finance Limited announced that it had allocated 3,25,139 equity shares, totalling Rs 4.9 bn, to its wholly owned subsidiary, Muthoot Money Limited. On 28 August, the Muthoot Money board of directors finalised the allocation.

The goal of the equity infusion is to increase the capital adequacy ratio and fortify the subsidiary's capital base. The money raised from this issue will be used for loan repayment, general corporate purposes, and business expansion.

Muthoot Money Limited is still a fully owned subsidiary of Muthoot Finance and works in the non-banking financial services industry.

The additional equity infusion does not change the shareholding structure because Muthoot Finance already owns all the shares. The procedure has been finished, and cash was used as consideration for the transaction.

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