Shares of HG Infra Engineering surged 8 per cent to Rs 624 on the BSE in Friday’s intra-day trade after the company announced receipt of Letter of Award (LOA) from National Highways Authority of India (NHAI) for Hybrid Annuity Mode (HAM) project in the state of Haryana.

The project namely construction of six lane greenfield Karnal Ring road starting from NH44 near Village Shamgarh and terminating at Karnal Munak Road Vill Samalakhal in Haryana.

Prime Minister Narendra Modi will inaugurate and dedicated to the nation railway projects worth over Rs 5,800 crore in West Bengal through video-conferencing on Friday.

Modi, who lost his mother this morning, was scheduled to be here in person to be part of the event to launch the connectivity and infrastructure projects in the state.

The sweetener offered by billionaire Gautam Adani’s conglomerate to the once-defiant founders of New Delhi Television Ltd. could test India’s takeover regulations that require all shareholders to be paid the same price by an acquirer.

Founders Prannoy Roy and Radhika Roy will sell 27.26% of their equity in NDTV to Adani-controlled RRPR Holding Pvt. at as much as 460.53 rupees per share, according to a filing Friday. If the Roys do receive this price, it would be a 57% mark up to what minority shareholders received in an open offer that closed Dec. 5.

Online grocery platform BigBasket delivered over 160 million orders in 55 cities this year. According to the firm’s annual BigRecap report for 2022, Indians saved a total of Rs 1,515 crore using discounts, promo codes and offers.

According to the report, the most sold vegetable was tomato, which is technically not a vegetable at all, but a fruit.

Dish TV, the direct-to-home operator, which is part of the Essel group, on Thursday said that it had appointed former bureaucrat Lalit Behari Singhal as an independent director to its board.

In a separate filing in the evening, the company said that shareholders had voted against the two ordinary resolutions put up at its AGM held on Thursday, to adopt the FY21 and FY22 financial statements of the company.

Tata Consultancy Service is giving a 20% Christmas salary hike to 70% of its employees and the rest of the employees get a salary hike based on their performance. There are almost 6 lakh employees in the firm. 10-20% of the employees' salary is dependent on variable pay. TCS has planned to roll out 100% variable pay to 4 lakh employees for the financial year 2022.

Currently, TCS has implemented a 100% variable compensation scheme for employees.

BJP National President J.P. Nadda has slammed the Naveen Patnaik-led government raking up several issues, including non-implementation of the Ayushman Bharat scheme in Odisha.

While addressing public meetings at Tumudibandha in Kandhamal district and Banapur in Khurda district on Wednesday, Nadda said, "Naveen Ji, who always claimed that his government is working for the interest of the people of Odisha, has become an obstacle in providing direct benefit of Ayushman Bharat Yojana to 60 lakh poor people of Odisha."

Shares of KFin Technologies (KFIN) made a listless debut on Thursday, with the stock listed at Rs 369, up 1 per cent against its issue price of Rs 366 per share on the BSE. The stock opened at Rs 367, almost at par on the National Stock Exchange (NSE).

Post tepid listing, KFIN stock price fell below its issue price to a low of Rs 355 on the BSE and NSE. At 10:14 AM; the stock traded at Rs 356.85, down 2.5 per cent against its issue price. A combined 1.7 million equity shares had changed hands at the counter on the NSE and BSE.

As compared to record highs of 2021, venture capital funding of startups in India fell 30 per cent in 2022. The startups picked $23.95 billion as of December 28 this year. In 2021, this was $35.46 billion, a report in the Economic Times (ET) said, citing data from Venture Intelligence.

The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession. The funding of Series D and above halved to $11.70 billion in 2022 from $24.91 billion in 2021. The number of late-stage deals fell from 177 to 122.

Seven Telugu Desam Party workers lost their lives after a scuffle broke out between party workers during a public meeting being held by party leader N Chandrababu Naidu in Kandukuru of Andhra Pradesh's Nellore on Wednesday, police said.

The injured people were admitted to the nearby hospital.

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