It has been a slow start for both multiplexes and single screens that have recorded subdued business in the January to March period. In addition, the impact of elections could further create a dent in the box office business.
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Muhammad Aurangzeb took up the post last month at a time when Pakistan’s economy is enduring the most turbulent period in its history.
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The $8.5-billion mega-merger between Reliance and Disney was the highlight of the quarter, making a significant portion of the overall deal value in Q1
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Monsoon rains are expected to be 102% of the long-period average of 868.6 mm for the four-month period, Skymet said.
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“At this point, you should probably take the committee and chair at face value — their best guess right now is still three cuts this year,� Bullard said Tuesday in an interview with Bloomberg TV. “That’s the base case.�
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The biggest loser among these stocks was HDFC Bank, declining around 6.6 percent. Other notable declines include Hindustan Unilever and Asian Paints, falling around 4.6 percent and 2.7 percent respectively. Additionally, stocks such as ITC, Axis Bank, Kotak Mahindra Bank,…
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