Asian markets dropped on Monday as investors' anxiety deepened following the United States' participation ina  strike on Iranian nuclear facilities alongside Israel.

US stocks ended mixed on Friday after a Fed governor hinted at possible interest rate cuts by July and President Trump delayed a decision on a potential US strike in Iran.

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

Source: Equitymaster

At present, the BSE Sensex is trading 850 points lower, and the NSE Nifty is trading 223 points lower.

Bharat Elec, Bharti Airtel among the top gainers today.

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

The BSE Midcap index is trading 0.4% lower, and the BSE Smallcap index is trading 0.3% lower.

Sectoral indices are trading negatively today, with stocks in the auto sector and the media sector witnessing selling pressure.

The rupee is trading at Rs 86.7 against the US dollar.
 

HAL Gets Access to SSLV Rocket

HAL gets a major contract from the Indian Space Research Organisation (ISRO) to manufacture and launch the Small Satellite Launch Vehicle (SSLV), thanks to a groundbreaking technology transfer.

This move is a game changer for India's space sector, boosting its commercial launch ambitions and paying the way for more private sector involvement and innovation.

India's SSLV is a perfect fit for booming small satellite market, offering affordable and flexible launch options that are high demand globally.

The chairman of New Space India Limited (NSIL) is optimistic about the future, and expecting to launch 6-8 SSLV annually, with potential scale up to 10 launches in the coming years.

The SSLV launch on demand capability will likely draw in customers globally, offering a reliable and affordable way to deploy small satellites.

India aims to launch rockets, every two weeks, driven by performance, reliability and cost. With HAL's involvement, public-private collaboration will fuel innovation and global competitiveness. This tech marks a new era for India's space sector.
 

Bajel Projects Wins Huge Power Order

Bajel Projects Ltd has bagged a major ultra-mega power transmission order worth over Rs 4 bn from PowerGrid Corporation of India Ltd.

Bajel Projects will build a 400 kV transmission line connecting Mahan to Rewa in Madhya Pradesh, spanning 138 km, and an extension work at Rewa substation to evacuate power from a generation station.

Th project is an EPC contract that needs to be completed within 29 months.

Bajel Projects, founded in 2022, is an EPC company specializing in power transmission and distribution. It offers end-to-end solutions, from design to commissioning, and was carved our from Bajaj Electricals Ltd.

Waaree Renewable Technologies Bags Huge Order

Waaree Renewable gets a Rs 2.5 billion (bn) boost in its solar EPC order, valued at Rs 14.8 bn.

Th order is for a 2,012 MW solar project, and al the original contract terms remains the same despite the value increases.

The company received a revised scope of work for the solar project and will execute it for a domestic client.

The project timeline will be decided mutually.

Waaree's solar project scope just got bigger, following its original win in November 2024, for a large renewable energy project.

Waaree Renewables, founded in 1999, focuses on renewable energy power generation and consultancy. It's leading new energy company with India's largest solar panel manufacturing capacity of 12GW in Gujarat.
 

Bank of India to Raise Funds

Bank of India will consider raising funds through long term infrastructure bonds today 26 June 2025, as announced on 20 June 2025.

Bank of India previously raised Rs 26.9 bn via 10 years infra bonds in FY24-25, which were oversubscribed 6 times. Now they are planning to consider another fundraising via long-term infra bonds.

They also aim to raise up to Rs 50 bn through Basel-III bonds in FY25-26.

Bank of India reported a jump of 82.5% in profit of Rs 25.3 bn in Q4. Net interest income rose 2.1% to Rs 60.6 bn. The bank also declared a dividend of Rs 4.05 per share for FY24-25.

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