Asian markets traded lower on Friday after Donald Trump announced fresh tariffs on furniture, heavy trucks, and pharmaceutical products.

US stock market ended lower on Thursday after economic data increased uncertainty over the outlook for interest rate cuts from the Federal Reserve.

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

Source: Equitymaster

At present, the BSE Sensex is trading 316 points lower, and the NSE Nifty is trading 105 points lower.

Tata Motors, Maruti Suzuki, and ITC are among the top gainers today.

Sun Pharma, Asian Paints, and Infosys, on the other hand, are among the top losers today.

The BSE Midcap index is trading 1.1% lower, and the BSE Smallcap index is trading 1.6% lower.

Barring the metal sector, all other sectoral indices are trading negatively today, with stocks in the power sector and media sector witnessing selling pressure.

The rupee is trading at Rs 88.1 against the US dollar.
 

RITES Bags Order from Talis Logistics

RITES Ltd has received a letter of award from Talis Logistics, South Africa, for the supply and commissioning of reconditioned in-service specially designed locomotives.

According to RITES, the 1.6 billion (bn) contracts will be signed within 6-8 months of the advance being received.

RITES has received a letter of award from Talis Logistics, South Africa, for the supply and commissioning of overhauled Cape Gauge ALCO Diesel Electric Locomotives.

Last week, the company announced that it received an order from NTPC for Rs 0.8 bn to lease diesel locomotives to power plants throughout India.
 

Exide Industries Funds Lithium Cell Plant

Battery manufacturer Exide Industries Limited (EIL) announced that it had made a Rs 0.8 bn rights-based investment in the equity share capital of its wholly owned subsidiary, Exide Energy Solutions Limited (EESL).

The company has invested a total of Rs 38.8 bn in EESL due to this infusion. The investment does not change EIL's 100% shareholding in the subsidiary.

EESL was established on March 24, 2022, and produces and markets lithium-ion battery cells, packs, and modules for the Indian market for electric vehicles as well as stationary applications. To support this business, the company is now establishing a greenfield plant in Bengaluru.

Two crore equity shares worth Rs 10 each were distributed as part of the current rights issue at a premium of Rs 30 per share.

The investment is intended to finance the greenfield project in Bengaluru and fulfil additional funding needs for EESL.
 

TVS Motor Expands with Italian Acquisition

To establish its Global Centre of Excellence (CoE) for Design and Engineering in Bologna, Italy, TVS Motor Company plans to pay five million euros (Rs 0.5 bn) to acquire Engines Engineering S.p.A., a company that specialises in automotive design and engineering.

The company's long-term goal of providing high-end, cutting-edge mobility solutions in global markets is in line with the global CoE for Design.

With this initiative, TVS Motor will be able to reduce product development cycles, enhance design flexibility, and expand its premium portfolio, including high-displacement motorcycles, advanced scooters, and new electric mobility platforms.

According to TVS, Norton's pipeline of high-performance motorcycles will be strengthened by the increased engineering depth, further solidifying the company's standing as a contemporary luxury brand.

The CoE's primary focus areas are developing modular platforms, rapid prototyping, and digital simulation capabilities to establish new performance and reliability standards.

To produce connected, environmentally friendly, and user-friendly automobiles, it will also accelerate the adoption of AI-driven design tools, sophisticated material applications, and digital integration. Attracting talent from around the world will be its main goal.

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