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# 735 Daily Money Show | Money Purse Stock Market News
Takeaway
Sony-Zee merger officially called off, Tata Motors hikes vehicle prices, and IDFC First and ICICI Bank delivered decent but below-expectation Q3 numbers.
Summary
- Markets closed for Ayodhya Ram Mandir opening; covers Saturday-onwards updates.
- Sony officially terminated Zee Entertainment merger agreement after 2-year saga — closing conditions not satisfied; Zee stock expected to face pressure.
- Tata Motors announced average 0.7% price hike on passenger vehicles (including EVs) and commercial vehicles from Feb 1 to pass on input cost.
- Cipla Q3 results leaked on social media; board meeting rescheduled from Jan 25 to Jan 22 — company warned investors not to act on leaked numbers.
- IDFC First Bank Q3: NII up 30% YoY but profit dragged by Rs 655 cr provisions; CASA up 28.6% YoY. ICICI Bank: NII up 13.4% YoY, PAT up 23.6% YoY but NIM compressed.
Zee Sony mergerQ3 resultsbanking
Original description
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