Reports Financial News

Ram Temple in Ayodhya next week. Thousands of Indian Americans are expected to participate in a series of events commencing this week to mark the occasion. “Ayodhya is re-emerging from destruction and neglect, epitomising the eternal nature of Sanātana Dharma.

Ayodhya Ram Mandir Pran Prathistha: Ayodhya Ram Mandir Pran Prathistha: Uttar Pradesh Chief Minister Yogi Adityanath on January 19 reviewed preparations for the Ram temple consecration ceremony in Ayodhya, PTI reported. He instructed officials to prioritise strong security measures and ensure proper respect for VIPs attending the event, it added. The CM emphasised the deployment of liaison officers with every VVIP participant, and individuals familiar with the historical and cultural significance of Shri Ram Janmabhoomi Mukti Yagya were recommended for specific roles.

Elon Musk has said a report that his artificial intelligence (AI) company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal is inaccurate. «This is simply not accurate,» he said in a reply to a user post about the Bloomberg article on social media platform X.

Galaxy Unpacked Event 2024: From Samsung Galaxy S24 Series to Smart Ring; checkout the top 5 announcements According to a report by Gizmochina, the new Samsung smartphone with the model number "SM-G556B" has received BIS certification in India in November 2023. The smartphone has also received certification in Malaysia and Thailand. Reportedly, the Galaxy XCover 7 is expected to feature an IP 68 water resistance rating and have enhanced display protection thanks to the Corning Gorilla Glass Victus+ protection on the front.

Microsoft reported that state-backed Russian hackers successfully infiltrated the company's corporate email system, AP reported. The breach affected accounts of key members of the leadership team, and employees in the cybersecurity and legal departments, it added. The intrusion commenced in late November 2022, with Microsoft detecting it on January 12.

Sensex jumped 496.37 points, or 0.70%, to end at 71,683.23, while the Nifty 50 settled 160.15 points, or 0.75%, higher at 21,622.40. “Next week the result season will pick up pace with a host of key large and mid-cap companies releasing their numbers. Overall we expect domestic equities to trade in a broader range with positive bias," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

southern Gaza Strip threatened the few healthcare facilities still open, Reuters reported. The Red Crescent said displaced people were injured due to intense gunfire from the Israeli drones targeting citizens at Al-Amal Hospital as well as the rescue agency's base. In the same city, Israeli tanks were also approaching Gaza's biggest remaining functioning hospital, Nasser, where people reported hearing hellfire from the west.

China's Henan province, the official Xinhua news agency reported Saturday. The blaze at the Yingcai School in Henan's Yanshanpu village was reported to the local fire department at 11 p.m. (1500 GMT) Friday night, Xinhua said.

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.

₹10,000 crore from ₹8,312 in the same quarter of last fiscal year, as per average brokerage estimates. Healthy fee income and stable cost ratios is likely to support Pre-provisions operating profit (PPOP) growth.ICICI Bank Q3 Results Live: ICICI Bank’s Q3 loan loan growth is expected to remain healthy, led by Retail and SME segments.

James Gorman, saw a 17 percent rise in his compensation for the year 2023, reaching $37 million compared to $31.5 million in 2022, as per a filing by the bank on January 19, Reuters reported. Gorman's earnings mark the highest compensation disclosed for a major United States bank chief this year. Jamie Dimon, CEO of JPMorgan Chase, received $36 million for the year 2023.

Airtel, Jio square off against Elon Musk in India's satellite broadband race "Starlink replied to the Department for Promotion of Industry & Internal Trade, and in next few days or by the end of this month, the Department of Telecommunications (DoT) may issue a Letter of Intent (LoI) to Starlink," ET Telecom quoted a source as saying. Meanwhile, a Moneycontrol report, citing sources, noted that the Department of Telecommunications (DoT) could issue a letter of intent (LoI) to Starlink as early as Wednesday.

Elon Musk's artificial intelligence (AI) company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal, Bloomberg News reported on Friday. The artificial intelligence (AI) startup xAI is discussing a valuation of $15 billion to $20 billion, though terms could still change in the coming weeks, the report added, citing people familiar with the matter.

Nikki Haley hit back at former US president Donald Trump over his remarks questioning the former UN Ambassador's eligibility to run as president. «I know Trump well. He gets into name calling when he feels threatened and insecure. I'm not going to waste any energy on that,» Haley posted on X (formerly Twitter).

The benchmark's close confirmed that the S&P 500 has been in a bull market since it closed at its low on Oct. 12, 2022, according to one measure which also puts that date as the end of a bear market. In a selloff between its record high close of 4,796.56 on Jan.

A team of five advisors who managed almost $2 billion in client assets at Merrill Lynch has joined UBS Wealth Management USA, the firm announced last Friday.

₹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.

FOX Business real estate contributor Katrina Campins discusses whether the housing market is on the verge of a boom after the Fed signaled lower interest rates on 'Making Money.'

Germany has approved Citizenship Law Reforms that are aimed at integration and skilled worker attraction. In a decisive move, German lawmakers voted 382-234 on Friday to approve legislation that relaxes the rules on obtaining citizenship and eliminates restrictions on dual citizenship. The proposal, advocated by center-left Chancellor Olaf Scholz's socially liberal coalition, aims to enhance immigrant integration and facilitate the recruitment of skilled workers. Are you immigration ready? Find out Under the new legislation, individuals can qualify for citizenship after residing in Germany for five years, or three years in the case of «special integration accomplishments,» compared to the current requirements of eight or six years. German-born children will automatically acquire citizenship if one parent has been a legal resident for five years, a reduction from the previous eight years. Moreover, the legislation eliminates restrictions on holding dual citizenship, a significant departure from the existing requirement for most individuals from non-European Union countries to renounce their previous nationality upon gaining German citizenship. The government emphasizes that approximately 14% of the population, more than 12 million out of 84.4 million inhabitants, does not possess German citizenship. Of this population, around 5.3 million have lived in Germany for at least a decade. Germany's naturalization rate is reported to be below the European Union average.

CreditAccess Grameen on Friday reported a 64% year-on-year jump in net profit at Rs 353 crore for the quarter ended December 30, 2023, riding on robust business growth and interest earnings. Net profit was Rs 216 crore in the year-ago period. Its net interest income rose 42% at Rs 802 crore while total income increased by 42.4% at Rs 1,295 crore.

Mumbai: India's forex reserves jumped $1.634 billion to $618.937 billion for the week ended January 12, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had declined sharply by $5.89 billion to $617.3 billion.