Rising Covid cases dampen hopes of India box office touching Rs 2,000 crore in Q1 India 

Rising Covid cases dampen hopes of India box office touching Rs 2,000 crore in Q1

Just when India’s box office business was seeing a strong recovery, rising cases of Covid-19 and its new variant, Omicron, have slowed the growth momentum. The release of big-budget films has been pushed after some states asked theatres to close and others restricted capacity. These factors are once again putting pressure on the box-office business. According to film producer and trade business analyst Girish Johar, Indian films were estimated to earn Rs 1,500-2,000 crore during the first three months of 2022. However, the concerns over a likely third wave of coronavirus infections has dampened hopes of…

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RBL Bank shares slump today. What brokerages say on the stock? India 

RBL Bank shares slump today. What brokerages say on the stock?

Shares of bank plunged as much as 23%, hitting a day’s low of ₹133 apiece on the BSE in Monday’s early deals after a slew of concerning developments over the weekend. RBL Bank’s Vishawvir Ahuja has stepped down as MD & CEO, and the bank has appointed Rajeev Ahuja as as the interim Managing Director and Chief Executive Officer. In a surprising turn of events, the Reserve Bank of India (RBI) has also appointed its Chief General Manager Yogesh K Dayal as an additional director on the board of RBL Bank. Brokerage house…

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India 

India successfully test fires Agni- 5, its surface to surface ballistic missile

By Administrator_ India Capital Sands India on October 27 successfully test-fired its surface to surface ballistic missile Agni -5 from the APJ Abdul Kalam Island, Odisha. The missile, which uses a three-stage solid-fuelled engine, is capable of striking targets at ranges up to 5,000 kilometers with a very high degree of accuracy. The successful test of Agni-5 is in line with India’s stated policy to have ‘credible minimum deterrence’ that underpins the commitment to ‘No First Use’. The launch approximately happened at 7:50 pm on October 27. The missile is…

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India 

Petrol, diesel prices: Fuel prices rise to fresh highs across country

By Administrator_ India Capital Sands After two days of pause, petrol prices increased by 31 to 35 paise per litre while diesel prices surged by 33 to 37 paise per litre across the country on October 27, according to a price notification of state-owned fuel retailers. The latest increase that follows the unrelenting hike in international oil prices has pushed pump rates across the country to their highest-ever levels. With the latest revision of 35 paise a litre, the price of petrol in the national capital rose to its fresh…

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India 

PM Modi meets leading American CEOs; encourages them

By Administrator_ India Capital Sands Prime Minister Narendra Modi on Thursday met a group of five top American corporate leaders on a one-on-one basis from a range of diverse sectors ranging from drones to 5G, semiconductor, and solar and encouraged them to step up their investments by highlighting the vast opportunities in India. “Talking technology…,” the Prime Minister’s Office said in a Twitter post after Modi’s meeting with Qualcomm CEO Cristiano Amon and First Solar CEO Mark Widmar. They had a productive interaction, it said. Qualcomm, which started its operations in 1996,…

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India 

No Delta plus variant of COVID-19 found in 376 samples tested in Mumbai

By Administrator_ India Capital Sands No Delta plus variant of COVID-19, considered highly contagious, was found among 376 samples tested in the second round of genome sequencing in Mumbai, a senior civic official said. Additional municipal commissioner (western suburbs) Suresh Kakani said the samples were examined at a genome sequencing facility inaugurated in the city last month. In a statement issued by the BMC, Kakani said, “The genome sequencing facility at civic-run Kasturba Hospital has tested 376 samples so far (in the second round). Not a single sample was found…

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India 

Tokyo Paralympics: India’s Bhavinaben Patel wins silver medal

By Administrator_ India Capital Sands Indian table tennis player Bhavinaben Patel has won a historic silver medal in her maiden Paralympic Games. With this medal, the Indian team opened its account at the Tokyo Games. She dedicated her Silver medal to India. “I want to thank my coach, family members, and friends for their constant support,” said Patel after winning the silver medal. Prime Minister Narendra Modi, on August 29, took to Twitter to congratulate Patel on her historic win. “The remarkable Bhavana Patel has scripted history! She brings home a historic…

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Himachal Pradesh CM announces 6% extra DA for state govt employees, pensioners India 

Himachal Pradesh CM announces 6% extra DA for state govt employees, pensioners

By Administrator_India Capital Sands Himachal Pradesh Chief Minister Jai Ram Thakur Sunday announced six per cent additional dearness allowance (DA) for government employees and pensioners retrospectively from July 1. This announcement to provide financial benefit of Rs 450 crore to the employees and pensioners was made by the CM while presiding over a state-level function at historic Seri Manch in Mandi. Thakur also announced enhancement in subsidy to the Below Poverty Line and Above Poverty Line families on edible oils from existing Rs 10 per litre to Rs 30 per…

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India 

Mumbai Records First Death From Delta Plus Covid Variant

By Administrator_ India Capital Sands Mumbai has reported its first death from the Delta Plus Covid variant. A 63-year-old woman died on July 27 after testing positive on July 21. She had several comorbidities including diabetes, according to officials. This is Maharashtra’s second death from the Delta Plus after an 80-year-old woman from Ratnagiri died last month. The Mumbai woman was fully vaccinated and among seven patients in the city whose reports turned out positive for the Delta Plus variant. The results of genome sequencing from the woman’s samples arrived…

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PM Modi arrives in US to attend Quad leaders' summit, address UNGA India 

PM Modi to inaugurate 5-star hotel atop Gandhinagar train station

By Administrator_ India Capital Sands PM Narendra Modi will virtually inaugurate a newly-built five-star hotel atop the redeveloped Gandhinagar railway station and a host of other big-ticket projects on July 16, said the Gujarat government. The redevelopment of the existing railway station in Gandhinagar and construction of the five-star hotel on top of the station started in January 2017 after Modi performed their groundbreaking. Now, the new-look station as well as the hotel are ready and will be inaugurated by the PM at 4 pm on July 16 through video…

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