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.

Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani's Mumbai residence, "Antilia," has been adorned with diyas and "Jai Shri Ram" holograms in preparation for the 'pran pratistha' ceremony at Ayodhya's Ram Mandir. The 27-storied iconic house dazzled with lights and banners as Ambani readied for the grand opening of the Ram Mandir, where Prime Minister Narendra Modi and other prominent dignitaries are also expected to be present on Monday.

Pran pratishtha ceremony at Ayodhya Ram mandir: Prime Minister Narendra Modi is set to participate in the much-anticipated Ram mandir consecration or "pran pratishtha" ceremony to be held in the temple town of Ayodhya in Uttar Pradesh on Monday, January 22.

Tens of thousands of chanting and dancing devotees waving flags, honking horns and beating drums have gathered in Ayodhya, with roads clogged, trains packed full, and the rest marching on foot.

Shares of Ganesh Housing Corporation rallied 15 per cent on BSE to a fresh high of Rs 694.15 in Saturday’s intra-day trade.

In the past four days, the stock of the Ahmedabad-based real estate company has zoomed 54 per cent after it reported strong earnings for the December quarter (Q3FY24).

Ahead of the Ram temple consecration ceremony, the Delhi government on Friday announced it will organise a three-day Ramlila from Saturday.

The announcement triggered a slugfest between the AAP and the BJP, with the ruling party claiming that the Centre denied permission to hold the event at the Bharat Mandapam and the opposition party saying the venue is not allotted for religious events.

President Droupadi Murmu will confer the Pradhan Mantri Rashtriya Bal Puraskar 2024 to 19 exceptional children in an award ceremony that will take place at Vigyan Bhawan on January 22, according to an official statement from the Ministry of Women and Child Development here on Friday.

The Prime Minister, Narendra Modi, will interact with Pradhan Mantri Rashtriya Bal Puraskar awardees on January 23, it said.

One97 Communications, the parent company of fintech major Paytm, saw its net loss narrow down to Rs 221.7 crore on a consolidated basis in the third quarter of financial year 2024 (Q3FY24) from a loss of Rs 392 crore in the third quarter of FY23.

On a sequential basis too, the company trimmed its loss from Rs 291.7 crore in Q2 FY24.

PepsiCo India on Friday appointed Jagrut Kotecha as its chief executive officer (CEO), saying he will take over from Ahmed El Sheikh, who held the position for seven years.

Kotecha is the company’s chief marketing officer in Africa, Middle East, and South Asia (AMESA). He will assume the CEO’s role in March 2024. Sheikh will become the CEO for the Middle East business unit.

Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) 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. This growth was tempered by weakness in the energy segment, which offset steady profit growth in RIL’s retail and telecom businesses.

Also, Mukesh Ambani, RIL’s chairman and managing director, announced in a press statement that the company’s New Energy Giga complex is slated for commissioning in the second half of 2024.

Shares of Aarti Industries (AIL) rose 8 per cent on BSE to Rs 658.70 on in Friday’s intra-day trade amid heavy volumes.

The average trading volumes on the counter jumped over four-fold. A combined 6.04 million equity shares of the company changed hands on the NSE and BSE.

In the past two days, the stock of the specialty chemicals company has surged 13 per cent after it secured a four-year supply contract worth over Rs 6,000 crore with a multinational conglomerate.

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