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Reliance Industries Q3 Results Live: Jio, Retail may contribute to earnings recovery
All eyes will be on the oil-to-telecom-to-retail conglomerate Reliance Industries Ltd., as it reports its December quarter results later in the day. The stock has been in focus through the final quarter of 2024 as the company underperformed the index. In fact, 2024 was the first instance in a decade that the stock delivered negative returns in a calendar year, that too, in a year where it issued bonus shares to its shareholders. Reliance Industries shares have corrected over 20% from their peak and brokerages are starting to warm up to the Nifty 50 heavyweight, calling risk-reward “attractive” post the correction. We will keep you updated with all the happenings through the course of the day and also talk about what the street is expecting from the stock later today.
Infosys Q3 Results Live Updates: IT giant to report Dec earnings today, Street awaits guidance revision
India’s second-largest IT services company by revenue and market capitalisation will report its earnings for the October to December 2024 quarter on January 16. According to a CNBC-TV18 poll, the Bengaluru-based company is expected to report an almost flat quarter-on-quarter increase in Q3 revenue. The profit after tax is expected to rise 3.8%, analysts have said. The IT stock was trading in the green ahead of Q3 results due to be announced after market hours.
Explained — Praj Industries shares surge ahead of the union cabinet meeting
Shares of Praj Industries Ltd. gained as much as 7% on Thursday, January 16, ahead of the Union Cabinet meeting and its outcome later in the day.
Sources told CNBC Awaaz that a decision might soon be taken to increase the prices for Ethanol.The price of B-Heavy Molasses can be increased by ₹1.82 per litre, while those for cane juice can be increased by ₹1.31 per litre, according to the sources.The sources also added that there is a proposal to increase the price for C-Heavy Molasses by ₹6.87 per litre to ₹56.28 from ₹49.41 per litre.
Actor Saif Ali Khan stabbed six times by intruder at his Bandra residence, undergoing surgery
Bollywood actor Saif Ali Khan was attacked by an intruder at his house in Mumbai’s Bandra, police said on Thursday (January 16).
The actor was brought to Lilavati Hospital at 3:30 am. Sources in the hospital told CNBC-TV18 that the actor was being operated. The actors got stabbed multiple times. He has six injuries out of which two cuts are deep and one is close to the spine, the sources added.”Saif has six stabs and two are deep. Of this one is close to spine.
“He is being operated upon by a team of doctors led neurosurgeon Dr Nitin Dange, cosmetic surgeon Dr Leena Jain and anaesthesiologist Dr Nisha Gandhi,” Dr Uttamani told PTI.
#TechTalks????
US tightens chip exports — What it means for India
The United States’ recent decision to tighten controls on AI chip exports is poised to significantly impact India’s burgeoning tech landscape. Ashok Chandak, President of the Indian Electronics and Semiconductor Association (IESA), warns that these regulations could pose substantial challenges for India’s AI ambitions.
Chandak explained that under the new tiered approach, India requires a national end-user licence for AI chip imports. He stated, “For India, the national validated end-user licence is capped at 100,000 units for 2025, 270,000 for 2026, and 320,000 for 2027.” He said these limitations could hinder the growth of AI initiatives, particularly affecting startups and academic institutions that rely on access to advanced technology.
Android co-founder on Microsoft’s $400 billion loss — ‘Sorry Bill, that’s on you’
Rich Miner, co-founder of Android, didn’t hold back when pointing fingers at Bill Gates over Microsoft’s failure to dominate the smartphone market. Miner’s comments come on the heels of Gates admitting that losing to Android was one of Microsoft’s biggest blunders, costing the tech giant an estimated $400 billion in market value.
In a post on X (formerly Twitter), Miner shared his perspective, saying, “I literally helped create Android to prevent Microsoft from controlling the phone the way they did the PC—stifling innovation.” He added, “Sorry Bill, you’re more responsible for losing the $400B than you realize.”
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Daily Data
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ITR Filing: Where and how to file Income Tax Return
It’s the final day to file your belated or revised Income Tax Returns (ITR) for the assessment year (AY) 2024-25. While the original deadline was December 31, 2024, the Central Board of Direct Taxes (CBDT) earlier announced its extension by 15 days to give extra time to the taxpayers to comply.
Missing the deadline means the taxpayers lose the last chance to file or revise their return for AY 2024-25.The Income Tax Return, commonly known as ITR, is a prescribed form through which the particulars of income earned by the taxpayers in a given fiscal year as well as taxes paid on such income are communicated to the Income Tax Department. There are different forms of returns of income, prescribed for filing of returns, depending on the various status and nature of income.
What Warren Buffett says every parent should do for their kids
Warren Buffett, the legendary investor and Chairman of Berkshire Hathaway, has some critical advice for all parents — whether they have “modest or staggering wealth.”
In a detailed letter released recently, Buffett suggested that parents allow their children to read their will before it is signed, ensuring they understand the rationale behind the decisions and their future responsibilities.
“Be sure each child understands both the logic for your decisions and the responsibilities they will encounter upon your death,” Buffett wrote. He emphasised the importance of clear communication, particularly in matters as significant as estate planning, given the potential for misunderstandings after a parent’s death. “If any have questions or suggestions, listen carefully and adopt those found sensible,” he continued. “You don’t want your children asking ‘Why?’ in respect to testamentary decisions when you are no longer able to respond.”
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FICCI’s Vijay Sankar reflects on how collaboration is unleashing India’s startup potential
Over the years, our nation has transformed into a global powerhouse of innovation, earning its place as the third-largest startup hub in the world. With more than 157,000 recognised startups and 759,000 registered users on the DPIIT portal as of December 2024, the numbers alone tell the story of scale and ambition. But what truly sets this journey apart is the spirit of India’s entrepreneurs—their determination, creativity, and resilience.
The rise of over 100 unicorns in India is a testament to the world-class solutions our startups are creating. These successes are not confined to a select few cities or industries. India’s startup revolution is rapidly expanding beyond traditional hubs like Bengaluru, Delhi NCR, and Mumbai.
We’ll see you tomorrow with another 11:11
