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  • Aamir, Amitabh, Aishwarya & Abhishek attend Sachin Tendulkar's party; Shahrukh, Salman skip

    Master Blaster Sachin Tendulkar's farewell party saw the who's who of the country attending it. Bollywood starts to politicians to cricketers and business tycoons; everyone was present to celebrate Sachin's success at a lounge in suburban Mumbai. 

     

     

    Those from the Bollywood included Perfectionist Aamir Khan along with wife Kiran Rao and filmmaker Karan Johar, Bachchans - Amitabh with wife Jaya, son Abhishek and daughter-in-law Aishwarya, singer Asha Bhosale, Sonu Nigam, Farhan Akhtar with wife Adhuna Akhtar, Geeta Basra and Arshad Warsi with actress Mini Mathur amongst others attended the high profile party. 

    However, absence of Bollywood Badshah Shahrukh Khan and 'Dabangg' Salman Khan raised many an eyebrows. Interestingly Shahrukh Khan being the owner of 'Kolkata Knight Riders' in the Indian Premiere League, shares a great rapport with Sachin Tendulkar and other cricketers, thus is was tad too surprising to not see King Khan at the party.

     

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  • RAM-LEELA collects a whopping 93.58 crore in opening weekend

    Eros International has announced a whopping Rs. 93.58 crores gross weekend worldwide for Sanjay Leela Bhansali's GOLIYON KI RASLEELA RAM-LEELA. The colourful Indian take on the classic Romeo and Juliet starring Deepika Padukone and Ranveer Singh in its lead roles, released worldwide on 15th November in over 3,500 screens and grossed Rs. 68.58 crores in India (Rs. 52.75 crores net) and Rs. 25 crores ($4 million) in the overseas markets.

     

     

    The film took both the Indian and overseas box office by storm by earning Rs. 16 crores nett at the domestic box office on its release day, followed by Rs. 17.25 crores on Saturday and Rs. 19.50 on Sunday. Overseas too, the film had cash registers ringing making it the highest grossing first weekend film in overseas where the weekend does not have extended public holidays. 

    Touted as a masterpiece by audiences and critics alike, RAM-LEELA is also currently on the 9th spot on the charts in the United Kingdom. 

    CHECK OUT: Ranveer Singh - Deepika Padukone made it simpler for me

    Nandu Ahuja, Sr. VP, India theatrical, Eros International Media Ltd said, ''The film has received an outstanding opening and the audiences have spoken. With rave reviews and strong word of mouth, the film promises to continue dancing it way at the box office''. 

    Pranab Kapadia, President, Marketing & Distribution, Eros International plc said, ''With its vibrant backdrop and music already a rage, the film has struck the right chord with international audiences and performed exceptionally well across territories setting new records in the overseas market. Like SLB's Devdas, this film will resonate with audiences for a long time after its release''. 

    Eros International & Sanjay Leela Bhansali's GOLIYON KI RASLEELA RAM-LEELA released on 15th November 2013.

    Read more »
  • Global forex market

    GEOPOLITICAL risk in the Middle East dominated this week’s proceeding, which saw the general risk-off tone prevailing through in various asset classes and the usual “safe haven” currencies flows.

    The greenback rose against its riskier peers from parts of Europe, Canada, Australia and Asia, but lost ground to the Japanese yen, another safer port sought after during periods of heightened uncertainty as the escalating tensions in Syria might lead to international involvement in the Mediterranean nation’s civil war following the statement by the US Secretary of State John Kerry that there was “undeniable” evidence that the Syrian government recently used chemical weapons on civilians, calling the act a “moral obscenity”.

    The euro didn’t capitalise much from a report that showed German business optimism rose to 16-month highs in August. The pound fell to 15 August’s lows. Canada’s dollar moved toward Friday’s July 9 low against the greenback, while the Aussie buck neared its lowest in three weeks. Dovish jawboning by a topBank of Japan official, who affirmed that the bank would keep policy at an easy setting until it achieved its 2% inflation goal, added to the yen’s cooler tone.

    Adding to the uncertainty market backdrop, investors have grown somewhat less confident that the Fed may be on the verge to pulling back on monetary stimulus, following disappointing data on durable goods and new home sales. US new orders for durable goods fell by 7.3% month-on-month (m-o-m) in July, after slowing to +3.9% in June and from +5.5% in May. This was the first decrease in four months and the biggest since August 2012, as businesses turned cautious and reduced their spending, overshadowing a positive consumer confidence read in the world’s largest economy which increased to 81.5 in August from 81.0 a month earlier.

    The Indian rupee touched all time low with top loss of 6.6% along with the lack of confidence in policy puts pressure on bond markets while the central bank opens forex swap lines for state-owned oil companies effective immediately. This was followed by the baht of 0.68% loss with offshore forward points remain elevated to provide an incentive for offshore to sell existing forex-hedged bond positions.

    North-East Asian currencies were largely unscathed with the Singapore dollar gained 0.28%, Taiwanese dollar of 0.06% and the South Korean won of 0.02% against the US dollar due huge external reserves and stronger export growth. South Korea’s exports reported a strong rise of 15.9% year-on-year in the first 20 days of August.

    The ringgit (MYR) bounced to a high of 3.3346 on Wednesday on equity-related outflows. Bank Negara governor Tan Sri Dr. Zeti Akhtar Aziz told the press that there was no target for the exchange rate and see intervention necessary only if the “market is disruptive and disorderly”. The Malaysian Investment Development Authority reported that Malaysia recorded RM97.4bil in approved investments during the first half, a 30% rise from RM75bil previously.

    UST market 

    US Treasuries (UST) at the long-end rallied in the early part of the week following the release of weaker-than-expected US data and on safe-haven flows over a possible military strike on Syria. However, the gains were marginally reversed on subsiding concerns over the military action and better US GDP data. At the point of writing, the two-year yield was higher by 2bps at 0.39% while the five- and 10-year yields were 1-4 bps lower at 1.61% and 2.77% respectively.

    Malaysian bond market 

    Geopolitical concerns, weak emerging markets’ currencies including the MYR and the sell-off in the equities markets weighted on the local govvies. Despite the turmoil, the week saw the debut of the inaugural 20-year Government Investment Issues with a size of RM2.5bil. The tender attracted a bid-to-cover ratio of 1.622 times with an average yield of 4.582%.

    As of Thursday’s close, benchmarks Malaysian Goverment Securities yields were higher by 4-25 bps from prior week with the exception of the 15-year benchmark which was untraded during the week. Yields on three-, five-, seven-, 10- and 20-year were last dealt at a respective 3.47%, 3.7%, 3.91%, 3.99% and 4.45%. The week saw RM4.9bil worth of trades changing hands with a daily average trading volume of RM1.2bil, from RM1.4bil last week.

    On the local private debt securities market, total trading volume amounted to RM1.8bil versus RM1.7bil previously. Fifty-one per cent of the trading volume was contributed by the GG/AAA segment, 45% by the AA segment and the balance by the A segment. Daily average trade volume was higher at RM460mil versus the RM334mil average previously.

    In the GG/AAA segment, active trading was seen for Prasarana’s bonds maturing 2023-2029 which garnered a collective trading volume of RM215mil with yields mostly flat. Other notable trade includes PLUS bonds maturing 2026-2034 with a collective trading volume of RM160mil.

    In the AA space, trading activities continued to be skewed towards power sector name, including YTL Power ‘09/13 which saw yields notching 2bps higher. Construction names were also actively traded. Notable trade in this sector includes IJM ‘10/13 which was traded at 3.24% with RM140mil changing hands.

    MYR IRS market

    MYR IRS rates moved higher in tandem with regional rates as US quantitative easing expected tapering and regional fund outflow continue to exert upward pressure on rates. The IRS curve ended the week by 5~ 12 bps higher

     

    For enquiries, please contact:

    [email protected] or [email protected]

     

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  • Interest rates may ease after stability in forex market

    The Reserve Bank of India will have greater space to cut policy rates in the coming days if the rupee were to stabilise, a top policymaker has said.

    “I do hope that as stability returns to foreign exchange market, it will be possible for monetary policy to adopt a looser stance,” C. Rangarajan, Chairman to the Prime Minister’s Economic Advisory Council, said at Skoch summit here today.

    AGENDA FOR GROWTH

    Rangarajan said there was a need to bring back stability in the economic situation.

    India had deviated from the basic attributes of stability – price stability, forex stability and stability in fiscal system – in the recent years, he said.

    This needs to be corrected, he said, adding that the main task before Raghuram Rajan – the new RBI Governor – will be to improve the price situation, stimulate growth and ensure financial stability.

    “The RBI policy review is in another 2-3 weeks. We will have to see what happens to the pressure on rupee. The RBI will have a greater space if the rupee gets stabilised in this period,” Rangarajan told reporters here.

    “In some sense, the adjustment to the rupee is called for. The depreciation to the rupee will help contain current account deficit,” he said.

    SUBSIDIES

    Rangarajan said it was important for the country to take a fix on the total subsidies as a percentage of GDP.

    “If providing food security is paramount, please provide it but make sure you act on the other subsidies. So that total subsidies as a proportion of GDP is maintained at a particular level.”

    ECONOMIC GROWTH

    Rangarajan said that there was a need for speedy completion of projects to spur growth. The investment rate of 30 per cent, although lower than the earlier level, is good enough to achieve higher growth rates.

    Even with a minimal intervention, it should still be possible to achieve a higher growth rate, he said.

    REFORM AGENDA

    Rangarajan also said that principle of competition and efficiency should be applied on all sectors.

    India does not need regulators in every sector, he said, adding that it would be contrary to the principle of competition.

    “We need regulators only in those sectors of the economy where public interest is involved. As far as possible, we should let the

    C. Rangarajan, Chairman, PMEAC.
    C. Rangarajan, Chairman, PMEAC.

    prices be determined by the competitive markets,” Rangarajan said.

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  • Obama launches sales pitch for health insurance program

     

    President Barack Obama launched a campaign to promote his signature healthcare program on Friday in the face of harsh criticism from congressional Republicans who say the plan will raise costs and hurt hiring.

    Ahead of the Mothers' Day holiday on Sunday, the president focused his remarks on how the plan could benefit women, who the administration believes will be less stuck on partisan objections to the plan and provide support that will make what has become known as "Obamacare" as success.

    "Mothers are the number one validator for the young and uninsured and will be critical in the effort to encourage their kids to enroll for insurance in the fall," a White House official said.

    Republicans say the law will raise the costs of healthcare for all Americans, spawn a welter of new regulatory burdens on businesses and inhibit hiring.

    "There are many women in their 20s and 30s who will be unable to afford the law's massive premium increases," Senate Minority Leader Mitch McConnell said on Thursday. "And there are many mothers who won't be able to get by if their employers cut their hours due to Obamacare. Or if they lose their jobs because of it," the Kentucky Republican said.

    However Obama aides plan to use the same micro-targeting strategies that helped the president win re-election in November to sign up enough enrollees. Their outreach efforts will be central to the success of Obama's Patient Protection and Affordable Care Act, which aims to bring health insurance at subsidized rates to millions of uninsured Americans.

    Administration officials hope to sign up 7 million people nationwide during an enrollment period that begins October 1 and runs through the end of March. They say they zeroing in on an estimated 2.7 million healthy 18-25 year-olds.

    One out of every three of these people live in three states: California, Florida, and Texas, officials said. The administration plans try to go community by community to identify people who are eligible to try to persuade them to enroll in the insurance plan.

    The White House on Thursday announced a $150 million initiative to fund the hiring and training of thousands of workers who will go through community health centers to help people obtain insurance.

    But political resistance to the plan is high, and public opinion polls still show disapproval outweighing approval of the healthcare law.

    The fate the of health plan is expected to have a major bearing on the 2014 midterm congressional elections. If Americans embrace Obamacare, Democrats could benefit, while rejection could provide an electoral boost to Republicans.

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  • Car insurance prices 'falling at record rate

    Car insurance prices 'falling at record rate'

     
     

    Insurance premiums are far higher than they were in 2007

    Related Stories

    The cost of car insurance is falling at a record rate in the UK, according to the insurance arm of the AA.

    The average annual comprehensive car insurance quote fell to £594.84 this month, it said, down 9.8% from £659.53 last July - the biggest decrease since the AA insurance index began in 1994.

    It said the dip was thanks, in part, to clampdowns on fraud and restrictions on claims management companies.

    Despite the fall, premiums remain much higher than they were six years ago.

    Third party, fire and theft quotes also fell between July 2012 and this month - down 4.8% to £820.58 on average, AA Insurance's research suggested.

    BBC business correspondent Joe Lynam said the 9.8% fall in comprehensive cover quotes follows a 6.4% fall over the course of 2012 - itself a record.

    But he adds that the cost of insuring the average car is still twice as much as it was in 2007.

    Gender equality

    At the start of April, a ban on referral fees was introduced.

    They were paid by lawyers and claims management firms to breakdown firms, brokers and the insurers themselves, in exchange for providing information about accident victims.

    Start Quote

    The news that hundreds of rogue 'no-win no-fee' claims firms have been reined in is welcome and, in part, falling insurance premiums reflect that”

    Simon Douglas, AA

    Also, anyone suing for accident damages with the help of a no-win, no-fee lawyer - known as a conditional fee arrangement - now has to pay their lawyer's success fee from their own funds if they win their case.

    It was previously added to the bill of the losing party.

    This has made claims more expensive to pursue.

    And new gender equality laws have lowered premiums of men by far more than expected while women's premiums have remained static, according to AA Insurance's research.

    Fraudulent claims - especially for whiplash which is often difficult to disprove - are also down.

    AA Insurance director Simon Douglas said insurers previously faced "a fast-widening gap between premium income and claims costs - largely driven by whiplash injury claims and fraud, which saw very sharp premium increases between 2009 and 2011".

    "That gap is closing and premiums are falling again thanks to competition, as well as improved fraud detection by the insurance industry and tightening of the law that is beginning to curb the number of spurious new whiplash injury claims," he said.

    'Treated unfairly'

    "The news that hundreds of rogue 'no-win no-fee' claims firms have been reined in is welcome and, in part, falling insurance premiums reflect that."

    Graeme Trudgill of the British Insurance Brokers' Association said uninsured driving costs the industry £500m, whiplash claims £2bn and fraud £1bn.

    But these costs were now coming down, he added, because of a concerted effort by the industry, with "discounts now feeding through to policy holders".

     

    Earlier this month, City regulator the Financial Conduct Authority launched an investigation into insurance companies for overcharging customers when they renew their car and house policies.

    The FCA says automatic renewal can lead to customers being treated unfairly.

    BBC Radio 4's Money Box revealed in March that loyal customers often pay much more than new ones for insurance.

    The insurance industry says consumers can shop around for the best prices in a competitive market

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  • Priyanka Chopra's 'Exotic' chosen as theme song for Guinness International Champions Cup

    Priyanka Chopra's debut single 'Exotic' featuring Pitbull will be featured throughout the 2013 Guinness International Champions Cup as the soccer tournament's official theme song. The announcement was made by Relevent Sports, a division of RSE Ventures and the organizer of the Guinness International Champions Cup, in conjunction with Inter scope Geffen A & M and Universal Music.

    Watch Priyanka Chopra - Exotic in BluRay

    Chopra, a critically acclaimed Bollywood actress and winner of the 2000 Miss World pageant, is diving into the international music scene with her new album featuring the high-energy, infusion pop, dance track 'Exotic' which includes vocals from international musical sensation, Pitbull.

    The Guinness International Champions Cup, organized by Relevent Sports, a division of RSE Ventures, and broadcast by FOX, is the first-of-its-kind soccer tournament. Eight teams are taking part in the tournament including club teams from Spain, Italy, England and the United States.

    ''We could not be more thrilled about the exceptional list of world class teams playing in this year's tournament,'' said Charlie Stillitano, CEO of Relevent Sports.

    ''This is a landmark event in soccer and Priyanka's debut single ''Exotic'' brings to life the spirit of the tournament.''

    On August 6-7, the tournament will culminate as the eight participating teams gather at Miami's Sun Life Stadium to compete for the championship. Throughout the tournament, fans from around the world will hear Chopra's billboard hit and Guinness International Champions Cup theme song, 'Exotic'.

    Said Priyanka Chopra "I'm really excited that 'Exotic' has been named the official theme song for the 2013 Guinness® International Champions Cup. As a new artist it's such an honour any time an organization or brand chooses to use my music as their anthem. Last season my track "In My City" was released exclusively to the NFL as the featured song for the network's Thursday Night Football series, and I would definitely be open to collaborating with other organizations like this in the future."

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  • List of Winners at the 60th Idea Filmfare Awards (South)

    Best Film

    Eega (Telugu)

    Vazhakku Enn 18/9 (Tamil)

    Ayalum Njanum Thammil (Malayalam)

    Krantiveera Sangolli Rayanna (Kannada)

     

    Best Director

    SS Rajamoulli (Eega) (Telugu)

    Balaji Sakthivel (Vazhakku Enn 18/9) (Tamil)

    Lal Jose (Ayalum Njanum Thammil) (Malayalam)

    Vijayorasad (Sidlingu) (Kannada)

     

    Best Actor (Male)

    Pawan Kalyan (Pawan Kalyans Gabbar Singh) (Telugu)

    Dhanush (3) (Tamil)

    Fahad Fazil (22 Female Kottayam) (Malayalam)

    Darshan (Krantiveera Sangolli Rayanna) (Kannada)

     

    Best Actor (Female)

    Samantha (Eega) (Telugu)

    Samantha (Neethane En Ponvasanthan) (Tamil)

    Rima Kalingall (22 Female Kottayam) (Malayalam)

    Priyamani (Charulatha) (Kannada)

     

    Best Actor In A Supporting Role (Male)

    Sudeep (Eega) (Telugu)

    Thambiramaiah (Kumki) (Tamil)

    Biju Menon (Ordinary) (Malayalam)

    Atul Kulkarni (Edegarike) (Kannada)

     

    Best Actor In A Supporting Role (Female)

    Amala Akkineni (Life Is Beautiful) (Telugu)

    Saranya Ponvannan (Neer Paravai) (Tamil)

    Gauthami Nair (Diamond Necklace) (Malayalam)

    Suman Ranganathan (Sidlingu) (Kannada)

     

    Best Music

    Devi Sri Prasad (Pawan Kalyan’s Gabbar Singh) (Telugu)

    D Imman (Kumki) (Tamil)

    Vidyasagar (Diamond Necklace) (Malayalam)

    V Harikrishna (Drama) (Kannada)

     

    Best Lyrics

    Anantha Shreeram (Yedhi yedhi) (Yeto Vellipoindhi Manasu) (Tamil)

    Yugabarathy (Solithaley) (Kumki) (Tamil)

    Rafeeq Ahmed (Maranamethunna nerathu) (Spirit) (Malayalam)

    Yograj Bhat (Bombe adsonu) (Drama) (Kannada)

     

    Best Playback Singer (Male)

     

    Vaddepalli Srinivas (Pilla) (Pawan Kalyan’s Gabbar Singh) (Telugu)

    Dhanush (Why this kolaveri di) (3) (Tamil)

    Vijay Yesudas (Mazhakondumathiram) (Spirit) (Malayalam)

    Avinash Chebri (Elle llo oduva manase) (Sidlingu) (Kannada)

     

    Best Playback Singer (Female)

    Suchitra (Sarocharu) (Businessman) (Telugu)

    NSK Ramya (Satru munbu) (Neethane En Ponvasantham) (Tamil)

    Shwetha (Shyama hare) (Arike) (Malayalam)

    Indu Nagaraj (Pyaaarge aagbuttaithe) (Govindayanamahe) (Kannada)

     

     

    Technical Awards

    Best Cinematographer – Chota K Naidu (Dhamarukam)

    Best Choreographer  - Jani (Dillaku dillaku) (Racha)

    Best VFX – Eega

     

    Lifetime Achievement Award – Vani Jairam

    Lifetime Achievement Award – Bapu

     

    Debut Awards

    Best Debut (Male) – Dulquer Salman (Second Show) (Malayalam)

    &

    Best Debut (Male) – Udhayanidhi Stalin (Oru Kal Oru Kannadi) (OKOK) (Tamil)

     

    Best Debut (Female) – Shweta Shrivastav (Cyber Yugadol Nava Yuva) (Kannada)

    &

    Best Debut (Female) – Lakshmi Menon (Sundarapandian) (Tamil)

    Read more »
  • D-Day second & Third Day Box Office Collection Reports

    Actor Rishi Kapoor and Arjun Rampal’s Latest movie D-Day has been released on Friday 19th July 2013 at Silver screen.Today our team here to discuss the box office collection of D Day Movie. All movies performance is check by the total collection on Box Office.This movie which is produced by DAR motion pictures and Emmay Entertainment Private Limited ,story has been written by Nikhil Advani direcotor of the film.

    D-Day Movie First Day Box Office Collection

    As per the information this film performance is poor at box office.The first day collection is of the film is below average.As compare the past released films like “Bhaag Milkha Bhaag”₹7 crore,”Sixteen” ₹3 crore,”Lootera” over ₹5 crore, “Raanjhanaa“ ₹5 crore, “Ghanchakkar” around 7.2 crore and “Yamla Pagla Deewana 2” approximately 7 crore.

    The film on its first day had opened to a below average occupancy and managed to rake up an income of approx 2.75 crores at the domestic box office.

    D-Day Movie Second and Third Day Box Office Collection

    The 2nd day collection should be around 2 to 3 crore approx and 3rd day box office collection is predicted will be around Rs 2 to 3 crore. The opening weekend collection is expected will be around Rs 6 to 7 crore. We increase the expected collection because in weekend time audience wants some fun & entertainment and this movie is ready to entertain so, it’s naturally more crowed more collection.

    First Day Collection : 2.75 crore

    Second Day Collection : 2 to 3 crore (Approx)

    Third Day Collection : 2 to 3 crore (Approx)

    First Weekend Total Collection : 6 to 7 crore ( Approx)

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  • Ramaiya Vastavaiya Second & Third Day Box Office Collection Reports

    Girish Taurani and Shruti Haasan’s latest movie Ramaiya Vastavaiya has been released on Friday 19th July 2013 at Silver screen.Today filmymirchi team here to discuss the box office collection of Ramaiya Vastavaiya Movie. All movies performance is check by the total collection on Box Office.The film has been directed by Prabhu Deva under the banner of Tips Industries Ltd. It will be the third Bollywood directorial film of Prabhbu Deva after Wanted and Rowdy Rathour and Produced by Kumar Taurani.

     

    Ramaiya Vastavaiya Movie First Day Box Office Collection

    According to information this film performance is average at box office.The first day collection is of the film is collecting ₹3.5 crore at the box office on day one, which is higher than the collection of “D-Day.As compare the past released films like “Bhaag Milkha Bhaag”₹7 crore,”Sixteen” ₹3 crore.

    Ramaiya Vastavaiya Movie 2nd and 3rd Day Box Office Collection

    The 2nd day collection should be around 2 to 3 crore approx and 3rd day box office collection is predicted will be around Rs 2 to 3 crore. The opening weekend collection is expected will be around Rs 6 to 7 crore. We increase the expected collection because in weekend time audience wants some fun & entertainment and this movie is ready to entertain so, it’s naturally more crowed more collection

    First Day Collection : 2.75 crore

    Second Day Collection : 2 to 3 crore (Approx)

    Third Day Collection : 2 to 3 crore (Approx)

    First Weekend Total Collection : 6 to 7 crore ( Approx)

    Read more »
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