Asia markets traded mixed on Monday as investors braced for a possible shutdown of the US government.

US stock market ended higher on Friday after mostly in-line US inflation data, but the three major indexes posted losses for the week, with the S&P 500 and Nasdaq snapping three-week streaks of weekly gains.

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

Source: Equitymaster

At present, the BSE Sensex is trading 281 points higher, and the NSE Nifty is trading 91 points higher.

Bharat Elec, Eternal, and  Tata Steel are among the top gainers today.

HUL, Axis Bank, and  ITC, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.5% higher, and the BSE Smallcap index is trading 0.6% higher.

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

The rupee is trading at Rs 88.6 against the US dollar.
 

Azad Engineering Wins Big Contract

Shares of Azad Engineering came into focus after the company announced that it had entered into a new long-term contract and pricing agreement with Mitsubishi Heavy Industries Ltd. of Japan for Rs 6.5 billion (bn).

To help MHI meet its global demand in the power generation sector, the contract includes the supply of highly engineered complex rotating and stationary aerofoils for advanced gas and thermal power turbine engines.

The agreement is an extension of one that was signed on 3 November 2024. The total contract value between the two companies now stands at Rs 13.8 bn.

The long-term international contract has a five-year execution period.
 

Tata Power Inks Deal with Bank of Baroda

One of India's leading public sector banks, Bank of Baroda, has inked a Memorandum of Understanding (MoU) with Tata Power Renewable Energy (TPREL), a division of The Tata Power Company (Tata Power), to provide financing options for MSME and Commercial & Industrial (C&I) clients choosing solar energy.

Bank of Baroda will provide financial support to borrowers who buy solar projects and equipment up to 10 MW in capacity through TPREL or its approved channel partners as part of this partnership.

This initiative aims to lower operating costs, facilitate the adoption of renewable energy by MSME and C&I enterprises, and support India's sustainability objectives.

A few of the main advantages of the financing plan are the following: a competitive interest rate starting at 7.75%; collateral-free loans up to Rs 10 crore; coverage by CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises); a flexible repayment period of up to 120 months; pan-India financing coverage; lower margin requirements (starting at 20%); and reduced processing fees.

TPREL has successfully installed more than 2.49 lakh rooftop solar systems as of August 2025, reaching a total capacity of more than 3.6 GWp.

TPREL has served a wide range of clients in the C&I segment, including those in the hospitality, automotive, aviation, education, HVAC, chemical, steel, electronics, and textile industries, among others.
 

Shriram Finance Boosts Shriram Overseas Capital

As part of a phased capital infusion authorised by the board in May 2025, Shriram Finance Limited announced that it has invested an additional Rs 3 bn in its wholly owned subsidiary, Shriram Overseas.

At a premium of Rs 147.69 per share, 1.90 crore equity shares were subscribed for at face value of Rs 10 each.

In May 2025, the board approved a total infusion of up to Rs 5 bn for Shriram Finance's phased capital infusion in its wholly owned subsidiary, Shriram Overseas.

In a statement, the company stated that the goal of the capital infusion in Shriram Overseas is to further strengthen its capital base.

The shares, which accounted for 100% of the rights issue size, were subscribed for through a rights issue.

Shriram Overseas primarily engages in investment activities, including acquiring, subscribing to, underwriting, and disposing of shares, bonds, securities, and debentures of companies in India and abroad.

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