South Korea's military detected North Korea firing multiple cruise missiles into the sea off its western coast Tuesday in its third round of tests of such weapons this month.

The launches came amid heightened tensions in the region, where the pace of both North Korea's weapons demonstrations and the United States' combined military exercises with allies South Korea and Japan have intensified in a tit-for-tat.

Fever FM, owned by HT Media, on Tuesday, announced that it is closing its station owing to changing trends in the media industry. In an announcement on the social media platform LinkedIn, it said that the end for the Radio industry is "closer than you expect".

In a video released with the announcement, Ramesh Menon, chief executive officer at Fever FM, said, "We made this difficult decision to shut down our station. This decision comes after careful consideration and is due to the evolving trends in the media industry."

Sony scrapped the $10 billion merger of its Indian arm with Zee Entertainment in part because Zee failed to meet some financial terms of the deal and come up with a plan to address them, according to a termination notice reviewed by Reuters.

India's Zee denied the allegations in a letter to Sony, also reviewed by Reuters, and accused the Japanese company of "bad faith" in calling off the merger.

India's ITC beat analysts' estimates for third-quarter profit on Monday as the consumer goods giant benefited from higher demand for its products ranging from cigarettes to noodles.

The company's profit rose 10.8% to Rs 5,572 crore ($670.3 million) in the three months ended Dec. 31.

The promoter family of Zee Entertainment Enterprises Ltd is looking to raise the stake in the company by 5 per cent soon and eventually take it up to 26 per cent, Subhash Chandra, chairman emeritus of the company, said in an interview on Monday.

"I've personally encouraged both my immediate and extended family to increase their holdings in Zee," Chandra said in an interview with The Economic Times (ET), hinting that they may not raise funds from outside to fund the buying.

In a bid to position India's airports as major global transit hubs, the government is set to implement a biometrics-based system for international passengers to expedite immigration checks, according to a report by The Economic Times (ET).

This policy, requiring Cabinet approval, aims to streamline laws, ease security and immigration bottlenecks, allocate international flying rights, and develop the necessary infrastructure to position airports like the one in the National Capital as competitive transit hubs.

Shares of HDFC Bank rose nearly 2 per cent to Rs 1,462.85 on the BSE in Monday’s intra-day trade after the Reserve Bank of India (RBI) gave a nod to Life Insurance Corp (LIC) to increase its stake in the lender to up to 9.99 per cent from the existing 5.19 per cent.

HDFC Bank said that RBI, vide its letter dated January 25, 2024 addressed to LIC, has accorded its approval for acquiring aggregate holding up to 9.99 per cent of the paid-up share capital or voting rights of the bank.

Bernard Arnault, chairman and chief executive officer (CEO) of luxury brand LVMH Moet Hennessy Louis Vuitton SE, has surpassed Tesla CEO Elon Musk to become the world's richest person, according to Forbes real-time billionaires list.

Currently, Arnault has a net worth of $207.6 billion, higher than Musk's $204.7 billion. According to the list, Jeff Bezos, Amazon's founder and chairman, is the world's third richest person, with a net worth of $181.3 billion.

Piramal Enterprises has sold its entire investment of 20 per cent in Shriram Investment Holdings Private (formerly known as Shriram Investment Holdings) to Shriram Ownership Trust (SOT) for a consideration of Rs 1,440 crore.

“This transaction is aligned with our focus on monetising non-core assets. The proceeds will further strengthen our balance sheet,” the company said in a statement.

JD(U) president Nitish Kumar, who took oath as Chief Minister of Bihar for a record ninth time on Sunday after a dramatic volte-face, asserted that there is now no question of him going anywhere else, leaving the NDA-fold.

Kumar was sworn in by Bihar Governor Rajendra Arlekar at Raj Bhavan here, hours after he resigned from the post, saying "things were not working well" for him in the Grand Alliance and the opposition bloc INDIA.

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