Asian markets traded mostly higher after Japan's GDP growth data and ahead of a slew of central banks decisions in the region.

US stock market ended mixed on Friday after US President Donald Trump unveiled reciprocal tariff plans but stopped short of imposing new ones.

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

Source: Equitymaster

At present, the BSE Sensex is trading 377 points lower and NSE Nifty is trading 109 points lower.

Sun Pharma, Tata Motors, and Cipla are among the top gainers today.

M&M, ICICI Ban,k and Tata Steel on other hand are among the top losers today.

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

Sectoral indices are trading mixed today with stocks in the healthcare sector, and the energy sector witnessing buying.

Meanwhile stocks in the It auto and IT sector witnessing selling pressure.

The rupee is trading at Rs 86.74 against the US dollar.
 

BHEL Secures Major Power Project

Bharat Heavy Electricals (BHEL) has received a Letter of Intent (LOI) from Singareni Collieries Company (SCCL) for the Engineering, Procurement, and Construction (EPC) package of the 1x800 MW Singareni Stage-II thermal power project.

Valued at approximately Rs 67 bn, the project will be developed in Telangana's Mancherial district and was awarded through domestic competitive bidding.

The scope of work includes the supply, erection, testing, and commissioning of the boiler, turbine, generator, flue gas desulfurization (FGD) system, and related auxiliaries, along with electrical, control & instrumentation (C&I) systems, and balance of plant packages. The project is set for completion within 48 months.

A Navratna PSU, BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors and a leading global power equipment manufacturer.
 

Zen Technologies Expands into UAV and Defense Tech

Zen Technologies Ltd has announced strategic investments in Vector Technics Private Ltd and Bhairav Robotics Private Ltd, furthering its commitment to indigenous defense manufacturing and technological innovation in robotics, aerospace, and propulsion systems.

With these acquisitions, Zen Technologies strengthens its position beyond combat training, expanding into advanced defense technologies to provide integrated solutions for armed forces globally.

As part of the agreement, Zen has acquired a 51% controlling stake in Vector Technics, a key provider of propulsion and power distribution solutions for drones and UAVs. This move marks the company's entry into aerospace components, reinforcing its role in the global drone and robotics sectors.

These investments bolster Zen's capabilities in UAV propulsion, autonomous robotics, and aerospace technology, aligning with its vision to drive self-reliance in defense manufacturing.

Zen Technologies is an Indian company specializing in the design, development, and manufacture of advanced combat training solutions for defense and security forces globally.

The company is a leader in providing counter-drone solutions aimed at safeguarding borders and critical infrastructures.

RBI Imposes Penalty on Shriram Finance

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 0.6 million on Shriram Finance Ltd for non-compliance with regulatory provisions, including Know Your Customer (KYC) guidelines and credit information reporting norms.

According to the RBI, the company failed to implement a system for periodic risk categorization of accounts, omitted mandatory clauses in agreements with certain direct sales agents regarding the central bank's inspection rights, and did not submit required corporate relationship data to credit information companies for the financial year 2022-23.

Following a supervisory review and representations from the company, the RBI determined that these lapses warranted a penalty. However, it clarified that the action was due to regulatory deficiencies and does not affect the validity of Shriram Finance's transactions with customers.
 

Aditya Birla Fashion Q3 Results

Aditya Birla Fashion and Retail Ltd (ABFRL) reported a net loss of Rs 513 million (m) in Q3 FY24, an improvement from the Rs 779 m loss in the same quarter last year, supported by better revenue and profitability.

Revenue from operations grew 3.3% year-on-year to Rs 43,047 m, up from Rs 41,667 m in Q3 FY23, driven by consistent demand across its brand portfolio.

EBITDA rose 14.8% to Rs 6.4 m from Rs 5,532 m a year ago, reflecting enhanced operational efficiency.

The EBITDA margin improved to 14.8% from 13.3% in the previous year, highlighting better cost management.

ABFRL, which owns brands such as Louis Philippe, Van Heusen, and Pantaloons, continues to focus on expanding its premium and digital-first offerings to drive future growth.

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