Shares of HCL Technologies surged 4.4 per cent to Rs 1,185.55 on the BSE in Friday’s intra-day trade after the company won a $2.1 billion contract from Verizon Communications to manage its networks for the business customers.

The partnership combines Verizon’s networking power, solutioning, and scale with HCLTech’s market leading Managed Service capabilities to usher in a new era of large-scale wireline service delivery for enterprise customers, these companies said in a news release.

The price of 24-carat gold declined Rs 280 during Friday's early trade, with ten grams of the precious metal selling at Rs 59,670, according to the GoodReturns website. Silver price fell Rs 500, with 1 kg of the precious metal selling at Rs 73,000.

The price of 22-carat gold also dipped by Rs 250, with the yellow metal selling at Rs 54,700.

Air India on Thursday unveiled a new brand identity and aircraft livery as the airline moves ahead with its transformation plan since being taken over by Tata Group more than one-and-a-half years ago.

The new look re-imagines the iconic Indian window shape, historically used by Air India, into a gold window frame that becomes central to the new brand design system. It symbolises a 'Window of Possibilities', according to a release.

Ahead of the Rajasthan assembly election, Chief Minister Ashok Gehlot announced plans to raise the other backward classes (OBC) quota to 27 per cent from 21 per cent. This will be a six percentage point increase in the reservation category and, if enacted, could bring the overall reservation in Rajasthan from 64 per cent to 70 per cent, according to a report by the Times of India.

The announcement was made during Congress leader Rahul Gandhi's rally in Banswara, Rajasthan, on Wednesday.

Adani Enterprises on Thursday denied the reports stating that it is planning to exit the $6 billion joint venture with Wilmar International. In a regulatory filing, it said that there is no such event as of now.

"We would like to clarify that as of now, there is no such event concerning the media report, which requires any disclosure from the company side per regulation 20 of Sebi listing regulations," the company said.

The National Company Law Tribunal (NCLT) on Thursday approved the Zee-Sony merger, according to the news agency Reuters. The NCLT had initially reserved its verdict on the merger between Zee-Sony on July 10.

The Mumbai bench of the NCLT, which comprised of H V Subba Rao and Madhu Sinha, had reserved the judgment after listening to objections from creditors such as Axis Finance, JC Flower Asset Reconstruction Co, IDBI Bank, Imax Corp, and IDBI Trusteeship who raised concerns about the scheme.

Nearly 750,000 beneficiaries of the Ayushman Bharat-Pradhan Mantri Jan Aarogya Yojana (AB-PMJAY) are registered under a single mobile number – 9999999999, The Indian Express reported, citing the Comptroller and Auditor General (CAG).

A performance audit report on the Centre's flagship scheme for health insurance for poor people was placed in the Lok Sabha on Monday. The report showed that linking 749,820 beneficiaries to a single mobile number was not an isolated anomaly.

Tata group-backed Air India is in talks with commercial banks for around Rs. 3,000 crore loan, which the airline needs to make the down-payment under sale-and-leaseback agreements with lessors, according to people in the know.

The carrier, the sources said, is talking to multiple lenders in connection with the loan. According to a top State Bank of India executive, several lenders will join hands to extend the loan.

India’s largest engineering and construction company Larsen & Toubro Ltd. plans to invest as much as $12 billion over the next five years, a third of which will go toward expanding its clean energy business.

The company intends to build 2-3 million tonnes of green hydrogen and ammonia capacity with an investment of close to $4 billion.

Shares of Shyam Metaliks and Energy hit the 10 per cent upper circuit on the BSE in Wednesday's intra-day trades backed by heavy volume after the company reported its monthly sales for July.

At 11:55 AM, the stock quoted 7.7 per cent higher at Rs 455 on volume of around 4.11 lakh shares as against the two-weekly average traded volume of around 51,000 shares on the BSE. Meanwhile, the S&P BSE Sensex was down 0.5 per cent at 65,532.

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