Adani Ports and Special Economic Zone (SEZ) will replace Wipro in the benchmark 30-share Sensex, index tracker Asia Index said in a notification on Friday.

This is the first time a Gautam Adani-owned company will be added to the widely tracked Sensex index. The change will become effective from June 24.

A depression in the Bay of Bengal is likely to concentrate into a severe cyclonic storm and make landfall between Sagar island in West Bengal and Khepupara in Bangladesh around May 26 midnight, bringing heavy rain in the coastal districts of the state, the Met department said on Friday.

The system, which lies over central Bay of Bengal, about 810 km south of West Bengal's Canning, is likely to concentrate into a cyclonic storm by May 25 morning, the Met said.

Generative AI (GenAI) will not result in job losses at Infosys. The company has no plans for job cuts, such as rightsizing or downsizing due to the adoption of GenAI, Infosys CEO Salil Parekh has said in an interview.

“Infosys is not looking at rightsizing, downsizing, or any kind of job cuts as has happened with others in the industry due to GenAI,” he said, while speaking to CNBC-TV18.

Shares of Adani Enterprises Ltd., the flagship of Indian billionaire Gautam Adani’s group, have erased all the losses inflicted by a scathing short-seller report in early 2023, after the conglomerate cut debt and landed major projects.

The stock clawed back losses of more than $30 billion that came after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipulation at the ports-to-power conglomerate in January 2023.

JK Lakshmi Cement shares rose as much as 7.16 per cent to hit an intraday high of Rs 851.50 per share.

The surge in JK Lakshmi Cement share was fuelled by robust Q4FY24 results, which came in line with street estimates. JK Lakshmi Cement’s profit rose over 41 per cent to Rs 162.1 crore in the March quarter of financial year 2024, as opposed to Rs 114.8 crore in the same quarter a year ago.

Public sector Indian Overseas Bank has drawn up plans to set up 88 new branches across India this financial year, a top official has said.

The city-headquartered bank under its expansion drive recently inaugurated a new branch in Nagapattinam and the 126th ATM in neighbouring Puducherry.

Delhi Chief Minister Arvind Kejriwal has said he is not interested in becoming the Prime Minister if the INDIA alliance wins the 2024 Lok Sabha elections. The Aam Aadmi Party (AAP) chief said his goal is to protect the country and democracy from "dictatorship".

“I have no such intention. We [AAP] are a very small party contesting only 22 seats," said Kejriwal on Wednesday.

Caller ID company Truecaller has announced a partnership with Microsoft to utilise a new personal voice technology from Microsoft Azure AI Speech. With the help of Microsoft Azure AI Speech Personal Voice, users can record digital versions of their own voice within the Truecaller application and use it to answer calls.

Truecaller introduced an AI assistant feature in 2022 that can automatically answer phone calls, screen calls, and take messages. This feature allows customers to see the reason for the call and choose how to respond or record it for later use.

Reliance Jio is expected to allocate up to Rs 12,000 crore for spectrum acquisition in the upcoming auction, while Bharti Airtel’s projected expenditure is anticipated to be less than Rs 8,000 crore, according to a report in the Financial Express.

Vodafone Idea, on the other hand, is predicted to invest around Rs 1,000 crore. The spectrum auctions are slated to commence on June 6.

Realty firm Godrej Properties Ltd on Thursday said it has sold around 650 flats in Noida for more than Rs 2,000 crore, amid strong consumer demand for residential properties.

In a regulatory filing, Godrej Properties informed that it has "sold around 650 homes worth over Rs 2,000 crore in its project, Godrej Jardinia, located in Sector 146, Noida."

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