On March 25, Pornhub made its premium adult content free for all users across several countries. On the day of the announcement, the website witnessed a 55.4 percent spike in its user base in India, followed by 86.4 percent rise the next day. The website saw maximum traffic from India on March 27, with 95.3 percent users accessing premium and other content on Pornhub. Notably, the website had only 0.8 percent of Indian users on March 1. … [Read more...] about India is Pornhub’s fastest-growing market after premium adult content is made free
In addition, with the new tax slabs proposed, which can be availed only without exemptions of any nature, inflows to Equity Linked Savings Schemes (ELSS) could be impacted to a large extent. The new tax slabs would also impact the inflows into the insurance sector as 80C deductions included insurance policies availed by the taxpayers. While the finance minister spoke of simplifying the personal income tax structure without the need of a tax professional, on a first look basis, it doesn’t seem to be the case. … [Read more...] about Budget 2020: A good opportunity squandered
"This could impact Q1FY21 revenue and EBITDA by Rs 220 crore and Rs 180 crore, respectively, which is equivalent to meager 1-2 percent. Against this, increased data consumption should see upgrades in recharge values, thus, mitigating the impact. In Q4FY20/Q1FY21, we currently estimate 13 percent/19 percent revenue growth on a QoQ basis," Motilal said. … [Read more...] about Coronavirus pain may linger; 10 stocks you can consider for your portfolio
The second “boundary,” was the reduction in the reverse repo rate by 90 basis points, from 4.9 per cent to 4 per cent. Liquidity per se was not the issue; trading channels became dysfunctional in spite of surplus liquidity. Banks were parking the hordes of cash with the RBI under the liquidity adjustment facility (LAF). The more-than-proportionate reduction in reverse repo rate is to discourage banks from parking the surplus money with the RBI, and to make them to lend. … [Read more...] about RBI comes out all guns blazing to sanitise a struggling financial system
“The index has a strong resistance near 9,000-mark once the Nifty managed to surpass the 9k level, we may see some change in momentum from negative to neutral, if failed to hold above 9k mark then we may again see pressure towards immediate support of 8,550-8,400 zone,” Rohit Singre, Senior Technical Analyst at LKP Securities told Moneycontrol. … [Read more...] about Taking Stock: Biggest single-day gain, Sensex back above 30K; what should investors do?