Morning News Bulletin – Track latest stories

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Published: October 9, 2017 6:51:18 AM

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Q2 earnings: India Inc profit set to be hurt by rising costs; but early festive season may boost sales

Incipient signs of recovery in the economy notwithstanding, the Q2FY18 earnings season is unlikely to throw up any big surprises. The re-stocking of inventories post the rollout of the GST on July 1 and the early arrival of the festive season would no doubt have boosted sales especially of automobiles, but in some sectors such as FMCG, the pace of re-stocking has been relatively slow. Analysts say wholesale channels are still under pressure as is rural demand. Meanwhile, telcos remain bruised, embroiled as they have been in a tariff war, post the entry of Reliance Jio last September.

Good news: More GST relief likely in November; here’s why

All items, except a few “luxury and sin items”, may be knocked off the 28% goods and services tax (GST) slab, bringing down the average tax rate to levels way lower than in the pre-GST regime. More relief can be expected at the next meeting of the GST Council in Guwahati on November 9-10 after a spate of cuts at the last two meets. The cuts will help rein in any inflationary pressures in the new indirect tax regime. Meanwhile, revenue secretary Hasmukh Adhia said on Sunday that an estimated Rs 67,000 crore had accumulated as integrated GST (IGST) over July-August. Of this, only about Rs 5,000-10,000 crore will be due as refunds to exporters.

Box office collections: Top 5 in Bollywood monopolise earnings; but Dangal, Gadar, DDLJ numbers show worrying trend

The winner takes it all or rather in Bollywood the winners take it all. An analysis of the Box Office (BO) performances of 300 plus films over a decade shows how skewed the BO is in favour of the top five movies. While these clocked a compounded annual growth of10%+ in the last five years, collections for the next 20 films were more or less flat. Kotak Institutional Equities says the top five films would have walked away with the bulk of the BO between CY12-17 with collections in the home market growing at 13%+ compounded. In sharp contrast, the rest of the films are believed to have fared poorly. Between CY2007-12, the BO collections for the top five grew at a compounded 16%, while for the next lot –ranked between 6 and 25—they grew at 19%. For the top 25, they grew at 18%.

Mutual fund SIPs investments: Why you should raise amount every year; 3 profitable steps

Every investor must acquaint himself with the idea of stepping up, especially when they are young. Your contributions towards your investments (be it SIPs or any other form) should be systematically increased every year. This ensures that your investment matches your most recent realities in terms of income status, inflation rate, and investment objectives. Periodic step-ups can help you pledge higher amounts towards your investment goals, thus helping you achieve those goals in a more time-efficient manner.

Oppo F3 Diwali Limited Edition priced at Rs 18,990; you can buy it to impress friends

Stop lights, warning labels, and now a mobile phone—red is definitely the colour that stands out. At a time when mobile phones come in their usual dull grey and black colours, the Chinese device maker Oppo has introduced the F3 Diwali Limited Edition for the young consumers in a red variant. This is a new variant in its F3 series of selfie-focused smartphones. Trust me, it’s a bold and attractive device, and definitely hard to resist. This is basically an extension of the original F3 and its price is set at Rs 18,990. Oppo F3 Diwali Limited Edition has been specifically designed to begin the celebrations of Diwali. This customised edition comes in a stylish red colour along with a shining metallic luster.

LG XBOOM OJ 98 priced at Rs 45,990 is as loud and versatile as it gets

Exactly a year back I reviewed the LG XBoom OM7550D which was a large one-stop shop for all your music needs, though a loud one in every sense. For this festival season, LG has refreshed the XBoom with the OJ98, making it a bit more louder than before. Here is our review of the LG XBoom OJ98. LG prefers to call the OJ98 a portable audio system, which is a bit of an irony as during the review it was the biggest gadget in my house after my two-door refrigerator. Anyway, you should not even think of this if you don’t have the space for a large speaker and the 1800W of sound inside your house.

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