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telecom operators, Jio Infocomm, on Friday unveiled that the company's average revenue per user remained muted at Rs 181.7 per subscriber on monthly basis for the first quarter of the financial year. Additionally, the Reliance-owned telco announced that it had new 8 million net additions in 1Q FY25 with monthly churn at 1.7%. “Ubiquitous, high-quality, affordable internet is the backbone of Digital India and Jio takes pride in contributing to this. Our new prepaid plans would foster industry innovation towards 5G and AI and drive sustainable growth. Jio with its superior network and new service propositions would further build its market leadership with a customer first approach," said Akash M Ambani, Chairman of Reliance Jio Infocomm.

India will be the engine of green energy growth for the world as the the country is expected to have an installed electrolyser manufacturing capacity of up to 100 GW by 2030, Union Minister Pralhad Joshi said on Friday. The Minister for New and Renewable Energy made the remarks while inaugurating an electrolyser manufacturing facility of a private company at Doddaballapur, in Karnataka. «India has the potential to be the driver of growth for green energy in the world. The demand for green hydrogen shall fuel demand for electrolysers in India. By 2030, it is likely India shall have installed electrolyser capacity of 60 GW-100 GW,» he added. His comments assume significance as the government has set up a target to have 5 million metric tonne (MMT) of installed green hydrogen mission capacity.

Priyanka Gandhi Vadra on Friday slammed the UP government directive asking eateries on the Kanwar Yatra route to display owners' names as an «attack on the Constitution» and demanded the order be withdrawn. She also sought strict action against the officials who issued the order. Days after the Muzaffarnagar Police asked all eateries along the Kanwar Yatra route to display their owners' names, the Uttar Pradesh government on Friday extended the controversial order across the state. A government spokesperson said that a formal order is likely to be issued soon.

The Reliance Industries' telecom subsidiary reported revenue from operations at Rs 26,478 crore, which was up by 10% from Rs 24,042 crore reported by the company in the corresponding period of the previous financial year.

IT cities like Hyderabad, Pune, and Delhi-NCR due to more investor-friendly employment policies, reported TOI. Telangana might become the state that benefits the most as it offers incentive-based employer policies, while Hyderabad has been in tough competition with India's start-up capital, Bengaluru. The Siddaramaiah-led Congress government’s new reservation demands for locals in Karnataka might lead to flight risks by several investors currently based in India’s Silicon Valley. “All the GCC movement is in Bengaluru and Hyderabad. Future growth will start moving to competing cities like Hyderabad and even Pune and Delhi NCR,” said a top executive official of a global financial services giant to TOI. Moreover, though HYSEA president Prashant Nandella told TOI it is still too early to speculate, he believes such a policy might benefit pro-industry states such as Telangana. In addition, former CII Telangana Vagish Dixit told TOI that investors have a choice to move and might fly to other states as a result of such counterproductive policies.

Ashok Gehlot on Friday hit out at the BJP, saying the politics of religious frenzy will not be accepted in the country. His comments were apparently in the wake of the BJP losing the Uttarakhand bypolls. «BJP has always been doing politics of religion, but misleading the public and spreading hatred in the name of God is not religion but adharma,» Gehlot said on X. «In the last 10 years, the BJP has done the work of increasing religious frenzy in the country in a very planned manner. But the fact is that in the recently held Lok Sabha elections and assembly elections, the BJP has lost in most of the religious cities like Ayodhya, Chitrakoot, Sitapur, Shivganga, Prayagraj, Nashik, Ramtek, Badrinath, Shravasti, Manglore (District- Haridwar),» he said.

Reliance Industries also dragged the benchmarks lower. Selling was observed in all sectors.

Indo Tech Transformers Ltd.(up 4.90%), GE Power India Ltd.(up 4.62%), Power and Instrumentation(Gujarat)Ltd.(up 1.99%), Kalpataru Projects International Ltd.(up 1.49%), PTC India Ltd.(up 0.71%) and Adani Energy Solutions Ltd.(up 0.03%) stood among the top gainers.

UltraTech Cement on Friday reported a consolidated net profit of Rs 1,697 crore for the quarter ended June 30, 2024 (attributable to shareholders), a marginal increase of 0.50% from Rs 1,688 crore reported by the Aditya Birla Group company in the year-ago period. The revenue from operations stood at Rs 18,070 crore, which represents a 2% increase compared to Rs 17,737 crore reported by the company in the corresponding quarter of the last financial year.

Tube Investments of India Ltd. dropped 2.07 per cent to Rs 4002.55 at 01:19PM (IST) in Friday's trade. The counter hit a high of Rs 4149.95 and low of Rs 3983.0 so far during the session. The stock had closed at Rs 4087.5 in the previous session. The counter had a total traded volume of 01:19PM shares so far with a turnover of Rs 0.98 crore on BSE. The stock traded at a price-to-earnings multiple of 64.47 and a price-to-book ratio of 14.15.

Shriram Finance Ltd. traded at Rs 2819.1 on BSE at 01:08PM (IST) on Friday, down 1.66 per cent. The stock quoted a 52-week low price of Rs 1759.2 and a high of Rs 3058.95. Earlier in the day, the stock saw a gap down opening.

Brokerage firms 5paisa and IIFL Securities have told clients that their systems are affected as a result of the Microsoft issue.

Microsoft users worldwide, including banks, reported widespread outages on Friday, hours after the technology company said it was gradually fixing an issue affecting access to Microsoft 365 apps and services. News outlets in Australia reported that bank services were disrupted as they lost access to computer systems. Some New Zealand banks said they were also offline. Australia's largest bank, Commonwealth Bank said some customers had been unable to transfer money due to the service outage.

Indian Oil Corporation Ltd. rose 2.03 per cent to Rs 166.15 in Friday's trade. It hit an intraday high of Rs 171.0 and low of Rs 165.4, respectively, during the day. The stock quoted a 52-week high price of Rs 196.8 and low of Rs 85.51.

DLF Ltd. slipped 3.3 per cent to Rs 817.05 in Friday's trade as of 12:38PM (IST). The stock hit a high price of Rs 847.7 and low of Rs 808.55 during the session.

Radhakishan Damani’s portfolio stock VST Industries rallied 17% to its new all-time high of Rs 4,829.95 after the company announced that it will consider issuing bonus shares in its upcoming board meeting. “It is hereby informed that the Board of Directors of the Company may consider the issue of Bonus Shares in the aforesaid Board Meeting,” said the company filing to the stock exchanges.

Indian Hotels Company Ltd. rose 1.55 per cent to Rs 573.1 in Friday's trade. It hit an intraday high of Rs 583.4 and low of Rs 571.15, respectively, during the day. The stock quoted a 52-week high price of Rs 663.4 and low of Rs 371.45.

Delhi Finance Minister Atishi on Friday demanded Rs 10,000 crore from the Centre for infrastructure development, claiming the city government got nothing in return over the past year despite its income tax contribution of Rs 2 lakh crore. Delhi also provided Rs 25,000 crore as central GST to the pool of taxes, the minister said during a press conference here.

Colgate-Palmolive (India) Ltd. slipped 0.57 per cent to Rs 3104.1 in Friday's trade. It hit a high of Rs 3145.0 and low of Rs 3082.85 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 2535.66, while the 50-DMA was at Rs 2856.13. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Bajaj Holdings & Investment Ltd. gained 0.94 per cent to Rs 9875.0 in Friday's trade. It hit a high of Rs 9912.0 and low of Rs 9710.05 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 8085.36, while the 50-DMA was at Rs 8639.56. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

The NSE Nifty index was trading 139.2 points down at 24661.65, while BSE Sensex was down 317.09 points at 81026.37 at the time of writing this report.