Asian stocks were poised for a mixed opening on Monday as traders grappled with continued political upheaval in South Korea and awaited signs of fresh stimulus from Beijing. Oil was steady after the Syrian government was toppled.The S&P 500 and Nasdaq Composite rose to fresh records on Friday after November jobs data came in slightly better than expected, but not so hot as to deter the Federal Reserve from cutting rates again later this month.Here’s a table showing how US stocks performed on Friday:

Source: EquitymasterAt present, the BSE Sensex is trading 76 points lower and NSE Nifty is trading 20 points lower.L&T, HDFC Bank and Kotak Mahindra are among the top gainers today.HUL, Infosys and M&M other hand are among the top losers today.The BSE Midcap index and the BSE Smallcap index are trading 0.2% higher.Sectoral indices are trading mixed today with stocks in capital goods sector and telecom sector witnessing most buying. Meanwhile stocks in metal sector and FMCG sector witnessing selling pressure.The rupee is trading at Rs 84.72 against the US dollar.In commodity markets, gold prices are trading 0.1% higher at Rs 76,67 per 10 grams today.
 Tata Power’s Investment PlanTata Power is planning to invest around Rs 1.25 trillion (tn) between the next financial year (FY26) and FY30 in order to double its operational capacity to 32 gigawatts (Gw) from 15.6 Gw now.This is in addition to the Rs 210 bn lined up for FY25, up 72% from Rs 121.8 bn in FY24. Out of the total capex of Rs 1.46 tn lined up between FY25 and FY30 to be used for generation, transmission, and distribution, around 60% will be spent on renewables.This is in line with the company’s vision of achieving 70% green energy power generation by 2030, and 100 per cent by 2045.The company’s renewable capacity is expected to touch 23 Gw by FY30, from 6.7 Gw in FY24. The official indicated that the company may also look at public-private partnerships in nuclear energy once the government gives the go-ahead for that.The company is targeting a 1.6-fold growth in revenue to Rs 1,000 bn, a 2.4-fold growth in Ebitda.
 M&M Renames its EVMahindra & Mahindra on Saturday said it has decided to rename its new electric vehicle brand as ‘BE 6’ but noted that it will continue to contest strongly in court with InterGlobe Aviation for the trademark ‘BE 6e’.InterGlobe Aviation, which owns IndiGo airlines, has taken the automaker to court over the usage of 6E in its new EV brand.Mahindra & Mahindra emphasized its commitment to delivering an exceptional experience for customers as it brings its product to the market. The company stated that it remains focused on its vision of popularizing electric transport in India and prefers not to deviate from this goal.
 ITC Ramps Up Market ExpansionITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate’s presence in the fast-growing health and wellness products market in the food, personal care and other categories.The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji in Madhya Pradesh and turmeric in southern states.Through this initiative, ITC looks to meet its requirements by chasing its FMCG ambitions and also leverages the B2B nutraceuticals space, bridging the demand-supply gap in the market, which has evolved rapidly after the pandemic.These high-value crops support ITC’s food products like Veda Marie Light biscuits under its Sunfest brand, which have ingredients like Tulsi, Ashwagandha, liquorice, cardamom, and ginger.It also supports the development of personal care items like body washes containing lemongrass and jojoba.

CEAT Eyes Premium Play
The deal with global tyre maker Michelin to acquire its Camso brand’s off-highway tyres and tracks business will help CEAT focus on a more attractive track segment which is growing faster and has a larger premium play.Tyre maker and RPG Group company CEAT on Friday announced entering into a definitive agreement with Michelin to acquire its Camso brand’s off-highway construction equipment bias tyres and tracks business for about US$ 225 million (m).The acquisition, according to the tyre maker, is significant for its ambition to become a leading global player in the high-margin off-highway tyres (OHT) segment, as it will give the company access to a global customer base, including over 40 international OEMs and premium international OHT distributors, along with Michelin’s two manufacturing facilities in Sri Lanka.Noting that the tyre segment is growing by a compounded annual growth rate (CAGR) of 2%, which is a slow growth rate, while the track segment by a CAGR of 6-7%, Banerjee said the tyre segment has a premium play of only about 25 per cent but the track segment has a premium proportion of almost 45% to 50%.More By This Author:Sensex Today Ends 57 Points Lower; Nifty Below 24,700Sensex Today Trades Flat; Nifty Below 24,700Sensex Today Rallies 809 Points; Nifty Above 24,700