Shares of Himatsingka Seide hit a 52-week high of Rs 140.95, as they soared 13 per cent on the BSE in Friday’s intra-day trade in an otherwise weak market after the company reported a consolidated profit after tax of Rs 29.15 crore in June quarter (Q1FY24), on back of strong operational performance. The company had posted a net loss of Rs 54.73 crore in a year ago quarter.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped 192 per cent year-on-year (YoY) to Rs 152.09 crore, margin improved 1,449 bps to 22.2 per cent from 7.7 per cent in Q1FY23. Total income grew 1.1 per cent at Rs 686.54 crore.

The provision of sedition offences will be completely repealed in the new bill replacing the Indian Penal Code (IPC), Home Minister Amit Shah said on Friday.

While introducing three bills in Lok Sabha to replace the IPC, Code of Criminal Procedure (CrPC) and the Indian Evidence Act, Shah said that the Centre will also introduce the provision of capital punishment in mob lynching cases.

The Madhya Pradesh Congress Committee (MPCC) has identified 106 candidates for the upcoming Assembly election in the state, reported Hindustan Times (HT), citing a senior Congress leader.

Of the 106 candidates, 66 will be competing in seats that the party has not won in the last three assembly elections and are strongholds of the Bharatiya Janata Party (BJP). The other 40 are sitting MLAs.

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.

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