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ZODIAC

  1. Reliance Industries reports net profit of $2.1b between January and March, 22.5% higher than same period last year
  2. Xiamoi's Revenue hits 85.58 billion yuan, up 21.4% y/y; net profit reaches 39.47 billion yuan, up 36.6% y/y
  3. Tarin says revenue will hit Rs6.1 trillion, compared to a target of Rs5.8 trillion
  4. The video conferencing platform, has been hit by slowing growth as schools and workplaces reopen
  5. At provincial level, wage bill forms around 50% of current expenditure ? of which three-fourths is taken away by education, health and police
  6. Prince Harry called out for ?foolish? business decision as eco-travel firm makes less than £12k in the first year
  7. FBR has collected net revenue of Rs2,314 bn during Jul-Nov, which has exceeded the target of Rs2,016 bn by Rs298 bn
  8. FBR exceeds its collection by Rs31bn and collects Rs428 in October against envisaged target of Rs397bn
  9. PM Imran describes record revenue collection as a reflection of govt's policies for sustained economic growth & revival
  10. Bollywood actor Salman Khan recently said that his flop movies only make him want to work harder. The actor’s latest release Radhe: Your Most Wanted Bhai was released and opened to poor reviews, however, the film was streamed millions of times on ZeePlex. The film was directed by Prabhudeva and was given a cross-platform digital release in India after the cancellation of its theatrical release due to the COVID-19 pandemic. Also, it is one of the biggest Indian releases to experiment with a pay-per-view model. The film was also made available on DTH platforms and played in three theatres in Tripura. Now, trade analyst Komal Nahta said in a new video that the fan estimated figure of ₹100 crore opening day revenue is inaccurate. Also, this estimate was only made based on data shared by Zee Studios. According to the data, the film has been streamed over 4.2 million times across all platforms on the day of release. He said there are multiple reasons why the revenue is much less than Rs 100 crores. Komal said that the actual number of tickets purchased is much lesser, as every ticket worth Rs 249 is shared by multiple members of the same family. View this post on Instagram He said, “Zee had also allowed new subscribers to watch the film without purchasing a ticket, which means that in this 4.2 million figure, there are people who haven't bought a ticket for Radhe.” "Industry standards dictate that with every ticket sold, four-five family members watch the film, so only one-fourth of the 4.2 million are actual tickets sold,” he added. View this post on Instagram He also said that Salman Khan has sold the rights before the film’s release and that Zee has the film for around 10 years. He said, "The estimation that the film could makeover ₹200 crores in the first three or four weeks is not accurate. This isn't the earning, because the ₹80-100 crore that would've come from theatres has been wiped out in an instant. Radhe is by no means a 'break-even film' in the short term, but it could make a profit in the long run.” What do you think? Let us know in the comments section below! View the full article
  11. Pfizer reported a jump in first-quarter profits based on surging revenues, with nearly one-fourth of sales coming from Covid-19 vaccines
  12. Zaidi says that Arbab Shehzad and Dr Ishrat Hussain opposed the conversion of FBR into Pakistan Revenue Service
  13. Facebook wants to help creators make more money, as smaller tech rivals have been racing to attract famous social media personalities
  14. Traffic warden Naeem says the deputy commissioner hit him with the car after he tried to stop him for violating traffic regulations
  15. Provisional figures show FBR has collected net revenue of Rs2,916b during Jul-Feb against a target of Rs2,898b
  16. Despite the pandemic & controversies, Facebook attracted new users in the last quarter of 2020, per data
  17. Dr Masood has done PhD in Economics and Masters in Political Economy from Boston University
  18. Tax regulatory body reports additional revenues of Rs345 billion as compared to the collection of the previous year
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