L&T Finance Holdings Ltd’s (LTFH) consolidated net profit rose by 41 per cent year-on-year to Rs 640 crore in the third quarter ended December 2023 (Q3 FY24), on the back of robust business performance and strong net interest margins (NIMs) and fees. It had posted a net profit of Rs 453 crore in Q3 FY23.

Its Net Interest Income (NII) on a consolidated basis grew by 8 per cent Y-o-Y to Rs 1,833 crore in Q3 FY24 as against Rs 1,693 crore in the quarter ended December 2022 (Q3 FY23). Its NIMs plus Fees improved to 10.93 per cent in Q3 FY24 from 8.80 per cent in Q3 FY23.

Samsung will be rolling out its 3D spatial audio technology called Immersive Audio Model and Formats (IAMF) later this year. According to a report on Android Authority, stating analyst Chris Chinnock, Samsung last year announced that it has been working in collaboration with Google to develop a new Immersive Audio model for TVs, sound bars and more. Recently, it spoke with industry professionals about its plans for IAMF at the Consumer Electronic Show 2024 (CES 2024) and confirmed that the new audio format will start rolling out later this year.

Quinte Financial Technologies, a global fintech firm headquartered in the United States, has entered a partnership with the Tamil Nadu government to establish technology development centres in Tier-II cities of the state.

Quinte and the state have signed a memorandum of understanding to use people skilled in artificial intelligence (AI), machine learning (ML), automation, and banking and finance for the development centres.

The newly inaugurated state-of-the-art Ram mandir in Uttar Pradesh's Ayodhya is a blend of tradition and technology in terms of its construction. Built to last 1,000 years and constructed in the traditional 'Nagara' style, the temple also has a unique feature – the Surya Tilak mechanism. This mechanism is designed in a manner that the Sun rays will fall on Lord Ram's forehead every year at noon on Ram Navami.

The phenomenon will last for about six minutes on Ram Navami, celebrated on the ninth day of the first month of the Hindu calendar, to mark the birth of Lord Ram, Union minister Jitendra Singh announced on the eve of the consecration ceremony on Sunday.

Prosus, the largest shareholder in Swiggy, may be classified as a promoter in the upcoming initial public offering (IPO) of the online food and grocery delivery company, according to a report by The Economic Times (ET). Prosus, the Dutch-listed investment arm of South African conglomerate Naspers, has been attempting to reduce its holding in Swiggy from 33 per cent to below 26 per cent. However, talks with potential investors for the stake reduction have not been successful.

Under Indian regulations, a shareholder holding 26 per cent or more is considered a promoter, subjecting them to restrictions on the shares they can sell post-IPO.

To address housing concerns and target problematic institutions, Canada's Immigration Minister, Marc Miller, has announced a cap on the number of student visas to be issued over the next two years while addressing a press conference in Ottawa on Monday. The cap will be effective for two years, with a reassessment planned for 2025.

This news comes weeks after the United Kingdom (UK) more stringent international visa norms for Indian students.

Ather Energy, the Bangalore-based electric vehicle manufacturer, on Friday announced the upcoming launch of its new family-oriented electric scooter, named "Ather Rizta." Rizta embodies a new direction for Ather, catering specifically to families' needs as opposed to the previous focus on sporty and youthful models like the 450 Series.

The announcement was made by CEO Tarun Mehta on the social media platform ‘X’.

Foreign investors have adopted a cautious approach this month, offloading domestic equities worth Rs 13,000 crore in the first three weeks owing to high valuations of Indian stocks and surging US bond yields.

In contrast, foreign investors are bullish on the debt market and injected Rs 15,647 crore in the debt market during the period under review, data with the depositories showed.

Reliance Industries (RIL) earnings from oil-to-chemicals (O2C) division are poised to remain volatile and range-bound, a top company executive and analysts said.

The oil-to-telecom conglomerate on Friday reported a 9.3 per cent year-on-year (Y-o-Y) increase in its consolidated net profit for the quarter ended December 2023.

Trading on stock exchanges and money markets will remain closed on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya.

In a circular, the NSE said the currency derivative segment would remain closed on January 22.

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