Entertainment Financial News

₹400 crore at the box office in India in less than a month. The action-packed extravaganza has cumulatively earned around ₹610 crore worldwide. Prashant Neel's directorial venture raked in ₹308 crore net in the first weekend.

Reliance Industries: The company reported its December quarter results along expected lines. Its telecom and retail segments contributed significantly to revenue and EBITDA, while oil-to-chemicals revenue declined on lower price realisation led by a decline in average Brent crude oil prices, the company stated in exchange filings. Its consolidated PAT for Q3FY24 rose 10.9 % year-on-year (YoY) to ₹19,641 crore, compared to PAT of ₹17,706 crore (adjusted to reflect the demerger of the financial services business), in the same quarter last year.

TLDR

₹19,641 crore, as newer businesses found their feet. RIL’s profit beat the Bloomberg estimate of ₹18,080 crore, but weakness in the core oil-to-chemical (O2C) business is proving to be a headache for the Mukesh Ambani-led conglomerate. “Reliance’s O2C segment quarterly revenue fell 2.4% y-o-y to ₹1,41,096 crore primarily on account of lower price realization led by 5.3% y-o-y decline in average Brent crude oil prices," the company said in a statement.

Vienna, Jan 19, 2024 -The Swiss watch that got Hollywood star Arnold Schwarzenegger in trouble with German custom officials has been sold for 270,000 euros ($290,000), the actor's charity said Friday. The action hero-turned-environmental campaigner was held at Munich airport Wednesday for failing to declare the bespoke Audemars Piguet timepiece that was being auctioned for his climate charity. Schwarzenegger called his brush with the law a «wild experience» at the charity dinner Thursday where the watch was auctioned, cracking raunchy jokes about a female official who he said «was going to put me in handcuffs», according to a video posted on entertainment website TMZ. «Usually I pay $500 for that,» said the 76-year-old actor, a former governor of California. Schwarzenegger was held for three hours, according to the German media, before being allowed to take the watch to the dinner. The fundraiser for his Schwarzenegger Climate Initiative was held across the border in his native Austria in the Alpine resort of Kitzbuehel, with US climate envoy John Kerry said to be among the guests. «The world's most famous watch was auctioned off for 270,000 euros,» the charity said Friday. «Arnold Schwarzenegger's customs adventure had a happy ending,» it added. Duty should have been paid on the watch because Schwarzenegger was intending to sell it in the European Union, German customs spokesman Thomas Meister said.

By Dawn Chmielewski

Congress MP posing with a few people wearing the same 'Bajrang Bali' masks. "Rahul Gandhi Ji promoting the traditional art of mask making, celebrating neo-vaishnavite culture of Majuli, celebrating #UnityInDiversity," the post read. These video and pictures of Rahul Gandhi's “Bajrang Bali" avatar emerged as the nation awaits the inauguration of the grand Ayodhya Ram temple on January 22.

Zee Entertainment Enterprises (ZEE) on Friday said that it is not aware of any board meeting of Sony Pictures, where it was expected to seal the fate of a $10-billion merger deal. «The company is not aware of, and cannot comment on, any board meeting held or proposed to be held by Culver Max Entertainment Pvt Ltd (formerly Sony Pictures Networks India Private Limited), given that these are internal matters of Sony,» Zee said in a filing. Punit Goenka-led Indian media giant reiterated that it is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger. Earlier today, multiple media outlets reported that a board meeting of Sony was scheduled on Friday to take a call on the merger deal with Zee. «Two key meetings are set to be held back-to-back. Culver Max Entertainment is likely to hold a board meeting on Thursday night, followed by Sony at its Tokyo headquarters,» an ET report noted. Reacting to the media reports, Zee said it is engaging in good faith negotiations with Sony with a view to discuss the extension of the date required to make the scheme effective, by a reasonable period of time. Zee and Sony agreed on a merger two years ago, but the proposed deal hit a brick wall after Sony expressed inhibitions about Goenka running the combined entity. It was expected that the deal would be completed within the stipulated deadline of December 2023.

Mint. The executive added that while the second A350 is joining the fleet this month, the total of six A350 deliveries will be completed by March. The airline is prioritizing ample training time for pilots, planning domestic A350 operations for the next five to six months.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Zee Entertainment Enterprises Ltd. slipped 3.8 per cent to Rs 238.7 in Friday's trade as of 02:10PM (IST). It hit a high of Rs 252.95 and low of Rs 233.15 during the session.

Bilkis Bano gangrape case. The court held that the reasons cited in their application do not prevent them from complying with the January 8 order to surrender in two weeks. The convicts will now have to surrender by Sunday.

Campbell Wilson, CEO, Air India, says “this is the beginning of a new fleet, new on-board products, new entertainment systems. This is the first A350; but as we get the other six and then start refitting all of our existing wide-body aircraft, people will see it more frequently.” On Air India getting the first A350 in its fleet Campbell Wilson: Well this reveal of the new Air India is a fresh start. This is our first A350, Airbus’s most modern jetliner. It is Air India’s first new aircraft with the new liveries, the new interiors, the new colour scheme and new amenities, new inflight entertainment system and it signals the next phase of their transformation.

Nelson Peltz’s Trian Fund Management is formally nominating the activist investor and a former Disney executive for a seat on Disney’s board, two days after the media and entertainment company nominated its own slate of directors

Maxposure IPO: Maxposure IPO's share allotment has been finalised on Thursday, January 18. The investors who had applied for the IPO can check their allotment status on the issue's registrar Bigshare Service website as well as on BSE. Investors can find out if and how many shares they have been given through the basis of allotment.

Bank of America downgraded Playtika (PLTK) to an Underperform rating (From Neutral) and cut their 12-month price target on the digital entertainment stock to $8.00 (From $11.00) based on analysts' view that the company faces a “muted” long term growth trajectory with limited chances for re-rating through 2024.

Netflix, Square Enix, Crystal Dynamics, and Legendary Television have teamed up for a whole new animated series that is based on the video game franchise Tomb Raider, with the new series to be out in 2024. Initially made public besides an anime project dedicated to Skull Island in January 2021, Tomb Raider is one of the several video game adaptation projects in development by Netflix.

Aditya Birla Fashion and Retail (ABFRL), Ashok Leyland, Bandhan Bank, Chambal Fertilizers & Chemicals, Delta Corp, Hindustan Copper, Indian Energy Exchange (IEX), Metropolis Healthcare, National Aluminium Company, Polycab India, PVR Inox, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Biocon, The India Cements, Indus Towers, and Piramal Enterprises have moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

HanuMan movie calling it a “cinematic Masterpiece". “The CGI and VFX in the movie were the icing on the cake.", Anurag Thakur wrote. The union minister took to microblogging site X to express his feelings upon meeting the team of HanuMan.

Instacart (CART) was lifted to Outperform from Peer Perform at Wolfe Research Wednesday with a new price target of $35 per share.

Investing.com — U.S. futures slipped lower Wednesday on concerns that interest rate cuts by the Federal Reserve could be further away than earlier anticipated.