Monday, August 8

Month: April 2021

Indian film industry may see 70% drop in revenue in 2021 as lockdown extends in many states
Entertainment

Indian film industry may see 70% drop in revenue in 2021 as lockdown extends in many states

By Administrator_India Capital Sands From being allowed to operate at 100 percent in February to shutting shop from April 14 onwards, Indian cinemas are struggling with uncertainty once again. With theatres likely to remain shut until May 15 in most parts of the country, the picture is grim for the entire film industry which bets big on theatrical revenue that forms a major part of a film's earnings. According to analyst Karan Taurani, who closely tracks the media and entertainment space and is Vice-President, Elara Capital, first half of this year will be a write-off and the recovery is expected from September onwards. "Now, instead of 25-30 percent decline which was estimated on the back of 2021 being a good year for the film business, it will be 60-70 percent decline ve...
US delivering supplies worth over $100 million to India; first flight to land today: White House
U.S

US delivering supplies worth over $100 million to India; first flight to land today: White House

By Administrator_India Capital Sands The United States will be delivering COVID-19 relief materials worth over USD100 million to India in the coming days, the White House said as the first flight carrying urgent health supplies left for the country. The flight took off from the Travis Air Force Base on the world's largest military aircraft on Wednesday night, the US Agency for International Development said. The shipment includes 440 oxygen cylinders and regulators, generously donated by the state of California, USAID said. In addition, on this first flight, USAID is sending 960,000 Rapid Diagnostic Tests to identify infections early to help prevent the community spread of COVID-19, and 100,000 N95 masks to protect India's frontline healthcare heroes, it added. US state g...
COVID-19 surge: Election Commission bans victory processions during and after vote counting on May 2
Coronavirus News

COVID-19 surge: Election Commission bans victory processions during and after vote counting on May 2

By Administrator_India Capital Sands The Election Commission of India (ECI) has banned all victory processions during or after the counting of votes on May 2 amid surging COVID-19 cases in India. Assembly elections were scheduled in Tamil Nadu, Kerala, West Bengal, Assam, and Puducherry beginning March 27 and ending April 29. As per the EC notification, "Not more than two persons shall be allowed to accompany the winning candidate or his/her authorised representative receive the certificate of election from the Returning Officer concerned." The order comes a day after Madras High Court lashed out at the Election Commission over the conduct of assembly polls amid the ongoing COVID-19 pandemic. A bench comprising Chief Justice Sanjib Banerjee and Justice S Ramamoorthy terme...
Asian shares wobble ahead of Fed outcome and earnings
Asia

Asian shares wobble ahead of Fed outcome and earnings

By Administrator_India Capital Sands Asian shares fell and U.S. stock futures were steady on Tuesday as caution ahead of a U.S. Federal Reserve meeting and a slew of corporate earnings offset growing optimism about the global economic recovery from the COVID-19 blow. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.14%. Australian stocks dropped 0.51%, but shares in China were little changed. Stocks in Tokyo edged 0.11% lower. S&P 500 e-mini stock futures rose 0.07%. Oil rebounded in Asian trading after major oil producers stood by their demand forecasts, but there are still downside risks due to surging COVID-19 cases in India, the world's third-biggest oil importer. Analysts said some investors may be taking profits on equities, but sentiment remai...
Reliance Industries and BP start up second deepwater gas field in India’s KG D6 block
Business

Reliance Industries and BP start up second deepwater gas field in India’s KG D6 block

By Administrator_India Capital Sands Reliance Industries (RIL) and and BP on April 26 announced commencement of production from the Satellite Cluster gas field in block KG D6, situated off India's eastern coast. "The Satellite Cluster is the second of the three developments to come onstream, following the start-up of R Cluster in December 2020. It had originally been scheduled to start production in mid-2021," RIL said in a BSE filing. The conglomerate said the field is located about 60 km from the existing onshore terminal at Kakinada, Andhra Pradesh in water depths of up to 1,850 meters. The field will produce gas from four reservoirs, and is expected to reach gas production of up to 6 mmscmd, RIL said. "Together, the R Cluster and Satellite Cluster are expected to cont...
Stocks to watch: HCL Tech, Torrent Power, Rallis India, Tata Elxsi, Infosys
Stock Market

Stocks to watch: HCL Tech, Torrent Power, Rallis India, Tata Elxsi, Infosys

By Administrator_India Capital Sands Nifty futures on the SGX traded 93 points lower 14,309, indicating a gap-down start for benchmark indices on Friday. Here are the top stocks to track today: Earnings Today: HCL Tech, IB Realty, M&M Financial Services are among 16 firms slated to post their March quarter numbers today. Analysts expect HCL Tech's March quarter PAT to fall between 26-31% on account of one-time bonus impact although they eye a growth in the revenue, led by contribution from DWS Limited - a leading Australian IT, business and management consulting firm that HCL Tech acquired recently - demand in areas of digital foundation projects and improving traction in ER&D segment. Future Retail, Future Enterprises: A BS report stated that lenders to Kishore B...
What is a Trading Platform?
Trading Platform

What is a Trading Platform?

A trading platform is a software used for trading: opening, closing, and managing market positions through a financial intermediary such as an online broker. Online trading platforms are frequently offered by brokers either for free or at a discount rate in exchange for maintaining a funded account and/or making a specified number of trades per month. The best trading platforms offer a mix of robust features and low fees. KEY TAKEAWAYS Trading platforms are software tools used to manage and execute market positions.  Platforms range from basic order entry screens for beginner investors to complex and sophisticated toolkits with live streaming quotes and charts for advanced traders. Traders and investors should take multiple considerations into account and balance trade-offs whe...
Lockdown must be the last resort, says Modi as India grapples with Covid-19
India

Lockdown must be the last resort, says Modi as India grapples with Covid-19

By Administrator_India Capital Sands As the country grapples with a worrying second wave of coronavirus infections, Prime Minister Narendra Modi appealed to states that lockdowns should be the last option. In a hurriedly called address to the nation late Tuesday evening, the PM said economic activity and livelihood must remain least impacted. His call for patience during the crisis period came in the backdrop of several states rushing to announce curfews and severe restrictions in different ways. “We have to save the country from lockdown...States should focus on micro-containment zones,” Modi said. The PM asked state governments to urge migrant workers to stay where they are and give them confidence that they wouldn’t lose their income and livelihood. He also gave an assurance...
COVID-19 vaccination for all begins on May 1 — here is all you need to know
Coronavirus News

COVID-19 vaccination for all begins on May 1 — here is all you need to know

By Administrator_India Capital Sands The central government on April 19 announced that all Indians aged above 18 years will be eligible to get the COVID-19 vaccine from May 1, 2021. To make the COVID-19 vaccination drive smoother, the government will make pricing, procurement, eligibility, and administration of the vaccines flexible in the third phase. Here are all the key details you need to know: As all persons aged above 18 years will be eligible to get vaccinated, coronavirus vaccine makers have been incentivised to further scale up their production, as well as attract new national and international players. Vaccine manufacturers can release up to 50 percent of their supply to state governments and in the open market at a pre-declared price. States can now directly...
Manmohan Singh writes to PM Modi, shares five-point COVID-19 combat strategy
Coronavirus News

Manmohan Singh writes to PM Modi, shares five-point COVID-19 combat strategy

By Administrator_India Capital Sands As India reels under severe COVID-19 second wave, former prime minister and senior Congress leader Manmohan Singh wrote a letter to Prime Minister Narendra Modi on April 18, highlighting that the COVID-19 vaccination drive must be ramped up across the country to tackle the crisis. “The government should publicise what are the firm orders for doses placed on different vaccine producers and accepted for delivery over the next six months. If we want to vaccinate a target number in this period, we should have enough orders in advance…” Singh wrote in his letter. He added that states should be given some flexibility to define the category of frontline workers to be vaccinated even if they are below 45. This includes bus and taxi drivers, panchaya...