Updates Financial News

₹250.10 apiece on the BSE. The demerged entity of Reliance Industries, Jio Financial Services Ltd (JFSL) recorded a 56% quarter-on-quarter (QoQ) decline in their net profit for the third quarter of FY24 at ₹293.82 crore from ₹668.18 crore in the September quarter. The company’s revenue in Q3FY24 slumped 32% to ₹413.61 crore from ₹608.04 crore, QoQ.

Sensex surged 759.49 points, or 1.05%, to end at 73,327.94, while the Nifty 50 ended 202.90 points, or 0.93%, higher at 22,097.45. “Q3 earning season had a positive start and is further expected to be propelled by the BFSI segment, where many heavyweights are likely to post their results this week. This will support the overall ongoing market momentum and stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

₹293.82 crore for the December quarter, against ₹668.2 crore in the previous quarter. Revenue from operations came in at ₹413.6 crore against ₹608 crore during the previous one as the company had no dividend income in the quarter, against ₹216.85 crore in the previous one.“The Indian rupee is showing continuous strength and remains below 83 amid an increase in the foreign exchange reserves and upbeat growth prospects for the year 2024-25.

ANI. Delhi airport issued an advisory for passengers, requesting that they contact airlines before travelling amid the severe fog conditions that delayed a number of flights by hours. The airport authority in a social media post on X said, "Due to dense fog, flight operations at Delhi Airport may be affected.

F&O ban list: A total of fifteen stocks have been put under the ban for trade on Tuesday, January 16, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

DCU announcements have been a point of talking on the internet. While there have been many rumors about ambitious actors joining the DCU projects' cast, it was confirmed by the director that Anya Chalotra, The Witcher actress is a part of the voice cast of Creature Commandos, the upcoming animated series. The rumors initially circulated in November 2019, however, it is now confirmed by the new update about her voice role in the recently established DCU. Creature Commandos, the animated series will be the first chapter of the DCU led by James Gunn. It was confirmed by the filmmaker that the actress playing Jennifer Ashman in Wanderlust, the British TV show and Yennefer of Vengerberg in The Witcher series on Netflix would be playing the role of Circe in the coming series. When a fan asked if the report was true, Gunn made the confirmation about the news.

Riot Games gears up for another shift in the meta with the upcoming League of Legends Patch 14.2. Scheduled to go live on January 24, 2024, this patch introduces alterations to runes and buffs aimed at revitalizing AD Twisted Fate’s viability.

Blizzard's forthcoming update for World of Warcraft, Patch 10.2.5 Seeds of Renewal, promises significant modifications to the game's landscape, introducing new zones, gameplay features, and addressing longstanding player demands. Set to launch on January 16, this 0.5 patch lays the groundwork for Blizzard's 2024 roadmap, offering players a glimpse into what's to come. New Zone – Bel’ameth

State-run banks will revamp their processes to create a risk-based profitability measurement framework to include more detailed and frequent scrutiny of securities pledged by high-value borrowers. They will also widen the coverage of early warning signals to help identify and reach out to distressed borrowers.

smartphone in this age of endless options is not an easy task. That's where we come in! With our specially curated guide, you can find the best Android smartphones that are currently available as part of the Amazon Republic Day sale. With numerous options available from big brands like Samsung, OnePlus, and iQOO, there's plenty to choose from - whether you're looking for everyday pocket computing, light gaming, or budget cameras.

Aster DM Healthcare on Monday said it would consider paying Rs 110-120 as dividend to shareholders from the proceeds after the sale of majority stake in GCC (Gulf Cooperation Council) business. Aster had earlier announced that it will separate its India and gulf businesses in a $1-billion deal. The sale is expected to be completed by the March quarter. The board of directors held a meeting earlier on Monday to discuss the progress of the transaction between Affinity Holdings and Alpha GCC Holdings for segregation of the company’s GCC business. «The Board was briefed that there has been satisfactory progress on conditions precedent for the transaction and Affinity and the buyer are aiming to complete the transaction soon,» the company said in a filing. The company will get $1.001 billion from the proposed sale, of which $903 million will be paid at closing. About $98.8 million may be received subsequently subject to certain contingent events, which includes an earnout of up to $70 million based on EBITDA achieved by the GCC business for FY24. Following deliberations regarding future expansion plans, capex requirements, cash reserves, the Board has expressed its desire to consider distribution of 70-80% of the upfront consideration of $903 million, as dividend to its shareholders.

A U.S. company's lunar lander will soon burn up in Earth's atmosphere after a failed moonshot

upcoming Hyundai Creta showcases notable alterations to its exterior design, improvements to the interior layout, an expanded array of features, and the introduction of Level 2 Advanced Driver Assistance Systems (ADAS). As per a report by HT Auto, it is highly likely that the pricing for the 2024 Hyundai Creta will surpass the current cost structure of the second-generation model. Currently, the Creta is priced between ₹10.90 lakh and ₹19.20 lakh (ex-showroom).

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Jawa Motorcycles, aiming to strengthen its position in the mid-capacity segment in India, has launched the updated Jawa 350 with a starting price of Rs 2.14 lakh, ex-showroom. This means that the roadster's sticker price has increased by Rs 12,000. The most significant change in this model is the larger 334 cc, single-cylinder, liquid-cooled engine, which produces 22.5 hp and 28.2 Nm of peak torque. This engine replaces the 294 cc unit found in the previous version. The updated engine is accompanied by a six-speed gearbox and features an assist and slipper clutch for improved performance and smoother gear shifts. It is worth noting that while the peak torque has slightly increased by 1 Nm, the peak power of 22.5 hp is 4.8 hp lower than the previous 294 cc motor.

KYC will get deactivated or blacklisted by banks post-January 31, the Ministry of Road Transport and Highways said on Monday. To enhance the efficiency of the electronic toll collection system and provide seamless movement at the toll plazas, National Highways Authority of India (NHAI) has taken the 'One Vehicle, One FASTag' initiative, which aims to discourage using a single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle. NHAI is also encouraging FASTag users to complete the 'Know Your Customer' (KYC) process of their latest FASTag by updating KYC as per RBI guidelines. To avoid inconvenience, users must ensure that the KYC of their latest FASTag is complete.

₹24,69,500 crore as of December 31, 2023, registering a growth of around 62.4 per cent over ₹15,20,500 crore as of December 31, 2022. Domestic retail loans jumped 111 per cent year-on-year (YoY), and around 3 per cent quarter-on-quarter (QoQ). Commercial and rural banking loans grew by 6.5 per cent and corporate and other wholesale loans (excluding non-individual loans of the erstwhile HDFC Limited) grew by 2 per cent sequentially.

Samsung Galaxy Unpacked event. Certainly, the spotlight of the event is expected to be on the Samsung Galaxy S24 Ultra, positioned as Samsung's flagship for the year 2024. Insights from leaks and speculations outline its notable characteristics, including a level 6.8-inch screen boasting an impressive peak brightness exceeding 2,500 nits, titanium edges for a luxurious touch, and a design progression that upholds the sophistication of its forerunner.

The body would work towards strengthening governance standards and addressing the sector's needs and challenges, the central bank said.

Shares of Wipro Ltd.(up 6.27 per cent), HCL Technologies Ltd.(up 3.08 per cent), Infosys Ltd.(up 2.44 per cent), Tech Mahindra Ltd.(up 2.27 per cent) and LTIMindtree Ltd.(up 1.26 per cent) ended the day as top gainers in the pack. On the other hand, MphasiS Ltd.(down 2.01 per cent) and L&T Technology Services Ltd.(down 0.45 per cent) finished as the top losers of the day.

Benchmark NSE Nifty closed 202.91 points up at 22097.45 amid buying in frontline bluechip counters. However, stocks such as M K Proteins, Digidrive Distributo, SKS Textiles, Raj Rayon and Happy Forgings, touched their fresh 52-week lows.