Latest news today (January 19): Presenting FE’s Breaking News today. We will keep you updated on all major news, views and much more throughout the day.
Zee Entertainment has issued a clarification regarding a media report that said Sony India was holding a board meeting to decide the fate of the $10 bn merger. The company, in its statement on Friday said that “not aware of and cannot comment on any board meeting held by Sony (Culver Max Entertainment).” The company further said that it was committed towards successful closure of the merger.
The facility to exchange and deposit Rs 2,000 notes will not be available at the Reserve Bank offices on January 22, the day of the consecration of the Ram temple in Ayodhya. The Department of Personnel and Training issued an order for a half-day closure for central government establishment on Monday. (PTI)
Mukesh Ambani-led Reliance Industries Ltd on Friday announced its Q3 numbers. Reliance posted consolidated revenues at Rs 248,160 crore ($29.8 billion), up 3.2% YoY, supported by continued growth momentum in consumer businesses, the company said. According to the official numbers, Reliance’s consolidated Profit after Tax stood at Rs 19,641 crore ($2.4 billion), up 10.9% YoY, in spite of higher finance, depreciation and tax costs. (Read More)
2/n Q3 FY2023-24 Reliance posted consolidated revenues at ₹248,160 crore ($29.8 billion), up 3.2% YoY, supported by continued growth momentum in consumer businesses #RILresults
— Reliance Industries Limited (@RIL_Updates) January 19, 2024
Britain’s public health agency warned on Friday that an outbreak of measles in central England could spread to other towns and cities unless urgent action is taken to boost vaccination uptake. The UK Health Security Agency (UKHSA) has declared a national incident, signalling a growing public health risk. It said there had been 216 confirmed cases and 103 probable cases in the West Midlands since Oct. 1 last year, with the majority being in children aged under 10. (Reuters)
The Reserve Bank of India on Friday announced the change in timings of the money market on January 22. The official circular said that the decision has been taken in view of the half-day order issued by the Central govt. All govt offices will remain closed till 2:30 pm on Monday. (Read More)
BlackRock’s spot bitcoin exchange-traded fund (ETF) hit $1 billion in assets in the first four days of trading, the first to clinch the milestone among a batch of newly launched ETFs tracking spot bitcoin prices, JPMorgan data showed. The US Securities and Exchange Commission (SEC) approved nearly a dozen ETFs tracking the world’s largest cryptocurrency last week, after years of regulatory pushback. (Reuters)
Prime Minister Narendra Modi on Friday inaugurated the Boeing facility in Bengaluru. Addressing the inauguration event, PM Modi said, “Today every aviation stakeholder is filled with new energy. Today India has become the third largest domestic aviation market in the world.”
The Supreme Court dismissed applications of all 11 Bilkis Bano case convicts on Friday. The convicts had sought an extension in their surrender deadline. (Read More)
British retail sales volumes slumped by 3.2% in December from November, the biggest decline in nearly three years, the Office for National Statistics said on Friday. A Reuters poll of economists had forecast that sales volumes would fall by a median 0.5% on the month although the estimates ranged widely. The reading raises the risk that Britain’s economy will contract in the fourth quarter, following a 0.1% contraction in the third quarter. (Reuters)
Hyundai Motor India (HMIL) has completed the acquisition and assignment of identified assets at General Motors India’s Talegaon Plant in Maharashtra. The company says the acquisition has been completed post the fulfilment of certain conditions and receipt of regulatory approvals from relevant government authorities and relevant stakeholders. As part of the commitment, Hyundai Motor India will invest Rs 6,000 crore in Maharashtra. (Read More)
Mukesh Ambani-led Reliance Industries Ltd will be declaring its Q3 results today. As per the tradition, the results are likely to be announced in the evening. The energy-to-telecom conglomerate is likely to report a decent set of numbers for the FY24 Q3.
Pakistan‘s top civilian and military leaders will carry out a security review on Friday regarding the standoff with neighbouring Iran, the information minister said, following their strikes on each other with drones and missiles. (Read More)
The Directorate of Estates (DoE) on Friday sent a team of officials to evict former Trinamool Congress (TMC) MP Mahua Moitra from her government accommodation, over a month after her expulsion from Lok Sabha over unethical conduct. (Read More)
Oil tanks at a storage facility in the town of Klintsy in Russia’s Bryansk region caught fire after the military brought down a Ukrainian drone trying to attack targets in the town, Alexander Bogomaz, the regional governor, said on Friday. (Reuters)
FMCG giant Tata Consumer Products on Friday announced the decision of raising Rs 6,5000 crore. The Tata Group company confirmed the decision to the stock exchange in a filing. The fundraising will be done via commercial papers and a rights issue. Read the full details of the filing HERE.