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Sun TV launches ad free movie channels

Chennai: Sun TV Network Ltd announced the start of advertisement-free action movie channels in four south Indian states on Wednesday.

The pay channels are being aired in the local languages - Sun Action in Tamil, Gemini Action in Telugu, Suriyan TV in Kannada and Surya Action in Malayalam.

“Everyone knows Sun TV is a leader in the four southern states. This is just a value addition to the other premium offerings in their bouquet,” said Shreekanth P.V.S an analyst at Mumbai-based Angel Broking.

The Chennai-based Sun TV now has 29 channels, having launched high-definition (HD) versions of its four flagship channels in December.

The advertisement-free strategy may not be permanent, given that the model has not gained traction in India, said another analyst, who didn’t want to be named because of company policy.

“For Sun TV, it is a great brand-building exercise, but whether it will always remain ad free is a question mark. The content cost for the channels will be negligible given their extensive library of 8,000 plus movies,” said the Mumbai-based analyst. “The subscription revenue would be small, but given that they have a well-established direct-to-home (DTH) platform with Sun Direct, we could see takers for this kind of offering.”

It may be difficult to get subscribers in Tamil Nadu as Sun TV is still absent from the state-run Arasu Cable, now a popular distribution medium outside Chennai. Talks are still on with the government to be included, officials said.

The state-run cable operation, which was revived four months ago by chief minister J. Jayalalithaa to curb the near monopoly enjoyed by Sun Cable Vision in Tamil Nadu, has more than 20 million connections, according to chairman K. Radhakrishnan.

Stock Market Live News

 Telecom rules not bent to save Anil Ambani several crores: Sibal

Telecom Minister Kapil Sibal has described as “malicious, motivated and defamatory” media reports and a Public Interest Litigation that suggest he bent the rules to help Anil Ambani’s Reliance Communications.
 A petition submitted by advocate Prashant Bhushan and his NGO, the Centre for Public Interest Litigation, said that instead of penalizing Mr Ambani Rs. 650 crore for a contract allegedly violated by him, Mr Sibal has asked for Rs. 5 crore. Mr Sibal said the PIL was being used to “settle personal scores.

Mining and metal shares tumble on draft law

In its current form, implementation of this bill could reduce Coal India’s earnings by 15% while impact on metal companies would range from 2% to 9%.

Shares of mining and metal companies tumbled after the Group of Ministers (GOM) approved the draft Mines and Minerals (Development and Regulation) bill. For entities involved in coal mining, 26% of the profits from this activity has to be shared. While for other mining activities, companies have to pay an amount equal to the royalty they are currently paying to the Government, i.e. an effective doubling of royalty payments. In its current form, implementation of this bill could reduce Coal India’s earnings by 15% while impact on metal companies would range from 2% to 9%. For More Live Stock Price and News Click here

Food inflation Latest News

Food inflation surges to 8-week high

Notwithstanding the government's projections of a moderation in the rate of price rise of food items, food inflation jumped to a two-month high of 9.01 per cent for the week ended May 28 on the back of costlier fruits, onions and protein-based items.

Food inflation, as measured by the Wholesale Price Index (WPI), was 8.06 per cent in the previous week, while it was as high as 20.62 per cent during the last week of May, 2010.

The latest numbers are the highest level of food inflation since the week ended March 26 when it had stood at 9.18 per cent. For the last two months, the rate of price rise of food items has been below the 8 per cent mark.
   
As per data released by the government today, fruits became by 30.78 per cent more expensive year-on-year, while onions were up by over 14 per cent.
   
During the week under review, milk prices were up by 8.49 per cent and egg, meat and fish became dearer by 6.99 per cent. Cereals also became costlier by 5.77 per cent on an annual basis.
   
However, the prices of pulses went down by 9.49 per cent year-on-year, while vegetables and potatoes became cheaper by 0.20 per cent and 2.87 per cent.

Inflation in overall primary articles, which have a weight of 20 per cent in the headline WPI, was reported at 11.52 per cent during the week under review, up from 10.87 per cent in the previous week.
   
However, inflation of non-food primary articles fell to 20.97 per cent, as against 21.31 per cent in the previous week. This is likely to bring some cheer to the government and the Reserve Bank, who have termed inflationary pressure from the core (non-food) segment as the biggest threat to the economy in the near future.

In the non-food segment, fibres became dearer by 56.56 per cent year-on-year, while minerals were up 12.11 per cent. Fuel and power became more expensive by 12.46 per cent and petrol by 33.23 per cent on an annual basis during the week under review.

The government and RBI had said that in the months to come, inflationary pressure would be more from core (non-food) items on account of high global prices of commodities, particularly crude.
   
A rise in prices of food items was the main reason for inflationary pressure during 2010. Food inflation was in double digits for most of last year, before showing signs of moderation from March this year.
   
Food inflation had fallen to an 18-month low of 7.47 per cent in the first week of May. However, the prospects for a prolonged moderation now seem to have vanished.

Headline inflation stood at 8.66 per cent in April. The RBI, in its monetary policy for 2011-12, had projected that overall inflation would average 9 per cent during the first half of this fiscal.
   
The latest jump in food inflation numbers comes in the wake of a slew of bad news for the economy. GDP growth of the country slowed to a five-quarter low of 7.8 per cent during the January-March quarter, while the six core industries registered meagre 5.2 per cent expansion in April.
  
Experts had blamed inflation and the resultant rate hikes by the RBI, which resulted in slowing down of investment, for the poor economic growth numbers. The RBI is expected to go for another round of rate hikes at its mid-quarterly review next week.

SOURCE : http://goo.gl/p0kTe

Stock Market Latest News 2 June

BSE to open SME exchange by September

The small and medium enterprise (SME) exchange of the Bombay Stock Exchange (BSE) will come up by September this year, a top executive said.

"We have received the approval. By September, we will set up the SME exchange. It will be a segment of the exchange, it won't be a different platform," Sayee Srinivasan, head of product strategy at the BSE, said on Wednesday evening.

He said the companies listed for SME segment at the BSE will not need approval of Securities and Exchange Board of India (SEBI).

"Here they (the companies) need the approval from the BSE, they do not have to go to SEBI," he said.

He also informed media persons that the minimum trade size in the SME exchange will be of Rs. 1 lakh.

He said the BSE has been talking to merchant banks for setting up the SME segment. "We are talking to all the major merchant banks. A lot of merchant banks are registered with the SEBI. People are interested."

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Stock Market Review and Updates for 14 Feb

Intraday Tips & Live Market Tips

Stock Market Review:-

The markets remained inconsistent this week and overall it was negative trend that had upper hand during the week. Both the benchmark indices and all sectoral indices closed in the red and the numbers are following: the Sensex was down 1.6% and Nifty was also down 1.6%. The CNX Midcap index was down 2.4% while BSE Smallcap index was down 6.2% over the week. BSE IT down 2%, BSE Realty down 4.5%, BSE Metal down 5.5% and BSE OilGas down 2%.

The markets registered impressive growth today with buying coming from all sectors. Midcap and smallcap stocks gained the most and barring IT, all sectors closed in the green. The Sensex closed at 17728, up 265 points from its previous close, and Nifty shut shop at 5310, up 84 points. The CNX Midcap index was up 2.2% and the BSE Smallcap index was up 2.9%. The market breadth was positive with advances at 1093 against declines of 222 on the NSE. The top Nifty gainers were IDFC, JP Associates, Reliance Infra and PNB and prime losers included Hindalco, GAIL, Tata Power and HUL.

Suggestion:-
It is not the right time to invest in real estate sector and if you are holding the stocks, sell on rally.