Asian markets traded mixed as investors eyed US-China trade talks and awaited a slate of data from Beijing.

South Korea's Kospi index gained 0.47%, while the Kosdaq rose 0.4%. Hong Kong's Hang Seng Index futures indicated a lower opening.

Japanese and Malaysian markets were closed for a holiday.

US stock market ended mixed on Friday, with the Nasdaq notching a record high close.

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

Source: Equitymaster

At present, the BSE Sensex is trading 8 points lower and NSE Nifty is trading 26 points lower.

Hero MotoCorp, Bajaj Finance and Hindalco among the top gainers today.

Cipla, Shriram Finance and Asian Psints hand are among the top losers today.

The BSE Midcap index and the BSE Smallcap index are trading flat.

All sectors are trading mixed with stocks in power sector, realty and metal sector witnessing buying. Meanwhile stocks in IT and media sector are witnessing selling pressure.

The rupee is trading at Rs 88.29 against the US dollar.
 

RailTel Secures Multiple Contracts Across Sectors

RailTel Corporation of India Ltd has bagged fresh orders worth over Rs 3.1 billion (bn) across education and smart city projects.

The company received a Letter of Acceptance valued at Rs 2.1 bn from the Bihar Education Project Council for implementing the Education Quality Enhancement initiative under PM SHRI.

Scheduled for completion by September 2026, the project includes ICT labs, Integrated Science and Mathematics labs, smart classrooms, and teaching material supply to strengthen educational infrastructure across the state.

Separately, RailTel announced a Rs 0.7 bn order from Nashik Municipal Smart City Development Corporation Ltd. The project, set for completion by December 2026, involves establishing the Nashik and Trimbakeshwar City Network Backbone along with operations and maintenance services.

In addition, the company secured a Rs 0.3 bn contract from Panvel Municipal Corporation for the Panvel Safe City Project. This initiative, slated for March 2031, covers supply, installation, and SD-WAN-based internet and MPLS connectivity across multiple locations.
 

Vedanta's Shares in Spotlight After SEPCO Settlement

Vedanta Ltd., the Anil Agarwal-led mining and natural resources conglomerate, announced that it has resolved its long-standing dispute with Chinese construction and engineering firm SEPCO Electric Power Construction Corporation (SEPCO) over its power business.

As part of the settlement, SEPCO has withdrawn its arbitration claims, eliminating the need for a National Company Law Tribunal (NCLT) hearing. This development removes a key hurdle in Vedanta's demerger process, which was initially slated for completion in March but is now expected to conclude by the end of September.

The agreement was signed by Talwandi Sabo Power Ltd (TSPL), Vedanta's wholly owned subsidiary, to settle disputes related to EPC contracts for its 3x660 MW thermal power project. While financial details of the settlement were not disclosed, the resolution is seen as a critical step forward in streamlining Vedanta's restructuring.

SEPCO Electric Power Construction Corporation is a global contractor with expertise in power generation and transmission infrastructure.

Meanwhile, the Mumbai bench of the NCLT had earlier deferred its September 17 hearing on Vedanta's demerger after objections were raised by the Ministry of Petroleum and Natural Gas (MoPNG). The upcoming hearing will play a pivotal role in shaping the next steps of the restructuring plan.

In March, the same bench had rejected an earlier demerger proposal filed by TSPL, delaying Vedanta's plan to split into five independent listed companies focused on aluminium, base metals, iron and steel, oil and gas, and power generation.
 

Tata Tech Acquires ES Tec Group

Tata Technologies Ltd., the recently listed Tata Group company, has announced the acquisition of Germany-based ES-Tec Group for a total cash consideration of €75 million. The deal, which includes performance-based payouts, will be settled over the next two years and is expected to close by December 31, 2026.

The acquisition is expected to be accretive to Tata Technologies' earnings per share from the first full year of completion. It strengthens the company's engineering, R&D, and ER&D capabilities, particularly in next-generation mobility technologies.

Through this move, Tata Technologies will also expand its footprint in Germany, gaining access to high-end systems engineering talent while unlocking cross-selling opportunities by leveraging complementary customer bases and OEM accounts.

ES-Tec Group is a provider of advanced automotive engineering services with expertise in Advanced Driver-Assistance Systems (ADAS), connected driving, and digital engineering. The integration is expected to create synergies that align with Tata Technologies' vision of leading in sustainable and future-ready mobility solutions.

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