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More news →Vijay's Theri Shatters Boxoffice Records
Ilayathalapathi Vijay's Theri which has released yesterday is doing good business in both India and overseas screens.As per the reports, Theri has made a record shattering collections in the US premiere shows, with more than $250K total gross. Theri is the only film after superstar Rajinikanth's Endhiran and Lingaa.Meanwhile, the film has grossed around 12.5 crores in Tamilnadu alone, which is higher than Kaththi, but has fell short of Vedhalam's first day collection of 15.5 crore rupees.The first day collection of Theri would have been much more higher if the theaters in Chengalpattu region have screened the film.Read Also: Reporter of a Popular TV Channel caught Recording Theri
Khaidi No 150 shatters Dhruva record
Megastar is back with a bang. The first look teaser of 'Khaidi No.150' took the Internet by storm and joined 1 Million club in a flash.Ram Charan-starrer 'Dhruva' Trailer fetched 1 Million views in Four-and-a-half-Hours. Now, 'Khaidi No.150' manages to reach the benchmark within just 3.05 hours. It reflects the enthusiasm of movie lovers to know how different Chiru gonna be after 8 long years. Which film will be able to beat the record set by 'Khaidi No.150' in the near future? 'Baahubali 2' or Mahesh-Murugadoss flick or Katamarayudu?The reactions from people have been largely positive as 'Khaidi No.150' Teaser have something for everyone - Megastar's mesmerizing screen presence, Good Visuals, Peppy Music, Entertainment & Action. Certainly, This landmark flick will set the cash registers ringing during the Sankranthi season. It's time for all the Star Heroes in the Industry to look up to Megastar in awe. TFI King is back to rule again!
Shaken investors to stay away from gold as confidence shatters
London: Investors seeking alternative assets are moving on from gold, whose failure to perform when its price was expected to rise and recent volatility were demonstrated by Monday's price plunge. While the market's bedrock of jewellery buyers and central banks has largely stayed intact, the wider investment universe long courted by banks and gold bugs is now once-bitten, twice shy. Gold prices, becalmed since February after two years of losses, fell to their lowest in five years on Monday as heavy fund liquidation in Asian hours pushed prices down through key chart levels, triggering a wave of stop-loss selling. At its Monday low, it had erased half the gains from a 12-year bull rally that ran from 1999 to a record high near $2000 an ounce in September 2011. The slide was reminiscent of gold's dramatic retreat in the second quarter of 2013, when prices fell nearly $200 in just two days in April, and another 11 percent in June. Since then, gold has largely underperformed even in the face of seemingly positive news. When concerns over Greece's financial stability arose in the first half of 2010, gold rallied 13 percent. This year, as the prospect of Greece exiting the euro zone altogether hit markets, gold hardly moved. "There is an argument that gold hasn't done a great job recently of protecting against financial market risks, and the US dollar has done a much better job," Investec Asset Management portfolio manager George Cheveley said. "With the recovery in the US economy, this has led to a view that the dollar as a safe haven has re-emerged" at the expense of gold. Data released last week showed hedge funds and money managers sharply reduced their expectation that gold contract prices on the US Comex market would rise, while holdings of the largest gold-backed exchange-traded fund fell to their lowest on Monday since September 2008. Gold's recent retreat notwithstanding, in terms of its relative value to other assets, the metal is still looking overvalued. "If you look at how gold looks compared to oil or copper, or how it looks compared to U.S. housing, for instance, none of these measures look particularly attractive for gold," Barings' director of asset allocation research, Christopher Mahon, said. "So not only do you have an environment that doesn't work for gold -- in other words, a fairly normal economic recovery -- but the value isn't there. It's still relatively expensive compared to where it was in 2007, and it performs badly on days when you'd expect it to do well. None of it really adds up." Rate hike prospect Potentially positive factors for gold have been outweighed this year by the prospect of the first US interest rate hike in nearly a decade. Ultra-low rates helped push gold to record highs, but a rise in rates would make it less attractive to hold non-yielding bullion, while boosting the dollar. "We're still in an environment where people are focusing on US interest rates," Mitsui Precious Metals analyst David Jollie said. "There is definitely a search for yield, and commodities are just not in favour. That will limit the number of people who will come in." Where once gold played a pivotal role, it now must compete for investors like any other asset. Gold historically was an integral part of the financial system, with the 'gold standard' pegging the value of a given currency to a set quantity of gold. The standard was steadily abandoned throughout the last century, and as European central banks sold their reserves throughout the 1990s, gold drifted towards 20-year lows. The market turned around in 1999 after the central banks agreed to cap their sales, before surging during the financial crisis that kicked off in 2007. Prices jumped 30 percent that year, and averaged annual gains of 15 percent for the next five years. Gold attracted huge volumes of investment, which fund managers say saturated the market. Gold's performance over the last five years has shown that it can sometimes fail to perform as either the steady store of value it proved to be in the 1990s, or as the appreciating asset it was in the 2000s. "Up until three years ago, gold as an investment asset came up in every client meeting," Ashok Shah, investment director at London & Capital, said. "Now it only comes up with very long-term seasoned clients." "A lot of clients have stopped doing long-term planning," he added. "That has changed in favour of more illiquid investment ideas, typically private equity, real estate, in terms of farmland or commercial real estate. Gold has reduced its relevance even in long-term planning for a lot of people."
Baahubali' - India's biggest opener, shatters many records
Filmmaker S.S. Rajamouli's latest magnum opus "Baahubali: The Beginning", which has turned out to be India's biggest opener, has taken the box office by storm by crushing many existing records. Said to have been made on a budget of Rs.250 crore, including the upcoming second part in the franchise, the film collected between Rs.60 crore to Rs.70 crore on the first day worldwide. "The actual box office gross collection on release day worldwide could be between Rs.60 crore and Rs.70 crore. This is the biggest ever opening for an Indian film, surpassing even Bollywood blockbusters like 'Happy New Year' and 'Dhoom: 3'," trade analyst Trinath told. "Going by the early estimated figures for the second day, the film could have already entered the Rs.100 crore club worldwide," he said. On the first day, the film collected Rs.50 crore in India, with an additional Rs.16 crore coming from overseas. With the distributor nett share of Rs.42.3 crore on the first day in the country, "Baahubali" has surpassed "Happy New Year" (Rs.42 crore), "Dhoom: 3" (Rs.32 crore), "Singam Returns" (Rs.31.8 crore), "Chennai Express" (Rs.31 crore), "Ek Tha Tiger" (Rs.30.3 crore), "Bang Bang" (Rs.28 crore), "Kick" (Rs.26 crore), "PK" (Rs.25 crore) and "Agneepath" (Rs.22 crore). Released in Telugu, Tamil, Malayalam and Hindi parallelly, "Baahubali" has surprisingly performed extremely well in all the languages. In its Hindi version, it netted Rs.5.15 crore on the first day, making it the highest opening for a dubbed film. "The record was previously held by Rajinikanth-starrer 'Robot' with Rs.2.2 crore and Kamal Haasan's 'Vishwaroop' with Rs.1.9 crore. Going at this rate, the Hindi version of 'Baahubali' is looking at Rs.15 crore nett in its opening weekend," Trinath said. "Baahubali" is also the biggest earning south Indian film on the opening day. The previous best opening was held by Rajinikanth-starrer "Lingaa", with Rs.22 crore and followed by Shankar-directed "I" with Rs.20 crore. It's not only in India where the film has raked in the moolah. In US, it has set the cash registers on fire. "'Baahubali' Telugu version collected a whopping Rs.14.96 crore from Thursday premieres and Friday," according to trade analyst Taran Adarsh. In its opening weekend in the US, the film is expected to touch $5 million. "Aamir Khan's 'PK' had collected $3.1 million in its first weekend in US. 'Baahubali' has already crossed $2 million from Thursday and Friday," Trinath added. Producer Dil Raju, who distributed the film in Nizam area, is extremely happy with the numbers. "The film has showcased the true potential of Telugu cinema. It has shown the world we can produce films that are content driven and still commercially successful. The film is doing extremely well and is on its way to become the biggest blockbuster in Indian cinema," Raju told. "Baahubali" released on as many as 4,000 screens across the globe. "The wide release worked in the film's favour. And since it released in multiple languages, it could cater to large number of audiences. Had the film only released in Telugu, it would've been impossible to recover the high cost," Trinath said. The film, which stars Prabhas, Rana Daggubati, Tamannah Bhatia and Anushka Shetty in the lead roles, is about two brothers fighting over an ancient kingdom. It has received rave reviews from critics and audiences alike. Heaping praise on Rajamouli, filmmaker Shekhar Kapur said other filmmakers should be as courageous as him. "Filmmakers from South India are showing far more courage than the North. Where are the courageous filmmakers like @ssrajamouli in Mumbai? (sic)," Kapur wrote on his Twitter page. With 9.4 IMDB rating, "Baahubali" is the highest rated Indian film on the site.