Connect with us

Business

G20 Summit: India-Middle East-Europe corridor pact boosts rail companies stocks

Published

on

[ad_1]

It is party time for investors who have put in their bets on shares of companies involved in railways and its allied activities.

(HT File)
(HT File)

An ambitious rail-port economic corridor deal to connect India-Middle East-Europe, seen as an alternate supply chain route in a completely evolved post-pandemic world order, was signed on the sidelines of the successful G20 Summit held in New Delhi — thus putting focus on railway infrastructure.

Shares of Indian Railway Finance Corp, the dedicated funding arm of Indian Railways, have hit a 10 per cent upper circuit minutes after the opening bell on Monday. The upper circuit is the highest possible price that the stock of a firm can trade at on that particular day.

Besides IRFC, Rail Vikas Nigam, RITES, Railtel Corporation of India, and Titagarh Rail Systems were in the range of 3-9 higher at the time of writing this report.

Coming back to the deal, Saudi Arabia, the European Union, India, United Arab Emirates (UAE), France, Germany, Italy, and the US committed to work together to establish the India-Middle East-Europe Economic Corridor (IMEC).

The corridor is expected to stimulate economic development through enhanced connectivity and economic integration between Asia, the Arabian Gulf, and Europe.

The IMEC will comprise of two separate corridors, the east corridor connecting India to the Arabian Gulf and the northern corridor connecting the Arabian Gulf to Europe.

It will include a railway that, upon completion, will provide a reliable and cost-effective cross-border ship-to-rail transit network to supplement existing maritime and road transport routes – enabling goods and services to transit to, from, and between India, the UAE, Saudi Arabia, Jordan, Israel, and Europe.

Along the railway route, they intend to enable the laying of cable for electricity and digital connectivity, as well as pipe for clean hydrogen export.

Meanwhile, the broader Indian stock indices started Monday’s trade on a firm note, taking cues from the overall successful G20 Summit in New Delhi.

The consensus on the New Delhi declaration by all G20 member countries despite a divided house given the ongoing war in Ukraine and the West’s sanctions on Russia, the ambitious rail-port economic corridor deal to connect India-Middle East-Europe, and the launch of Global Biofuel Alliance on the summit sidelines seemed to have attracted investors to bet in the market.

Sensex and Nifty were 0.3-0.4 per cent higher from their Friday close of 66,861.16 points and 19,910.10 points, with all sectoral indices in the green. Last week, Indian stocks ended at a high to log their best week in over two months

Going ahead, August inflation data in India and the US, expected to be released on Tuesday and Wednesday are likely to be the next market trigger for fresh cues.

Retail inflation in India rose sharply in July to 7.44 per cent and in the process breached RBI’s 6 per cent upper tolerance target, largely due to a sharp spurt in vegetable, fruit, and pulses prices.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Biden’s Hollywood Break-Up: Celebrities Say It’s Time for a Change

Published

on

As President Joe Biden nears the halfway mark of his term, a noticeable shift is occurring within Hollywood’s elite. Once a stronghold of Democratic support, a growing number of celebrities are voicing their discontent with the current administration and calling for a change in leadership.

The Growing Discontent

Policy Disagreements:Many celebrities have expressed frustration over Biden’s handling of key issues such as climate change, healthcare, and immigration. Despite campaign promises, some feel that progress has been too slow or insufficient.

Environmental advocates, in particular, have been vocal about their disappointment with the administration’s compromises on climate policy, arguing that urgent action is needed to address the climate crisis.

Cultural and Social Issues:Hollywood’s progressive base has criticized Biden for not taking a stronger stance on social justice issues. High-profile figures in the entertainment industry have called for more aggressive reforms on policing, racial equality, and LGBTQ+ rights.

The Supreme Court’s recent decisions on reproductive rights have also fueled discontent, with many feeling that the administration should have taken more decisive action to protect these rights.

Economic Concerns:Celebrities have highlighted economic disparities and the administration’s handling of the post-pandemic recovery. Rising inflation and economic instability have led some to question Biden’s economic policies and their impact on everyday Americans.

The entertainment industry itself has faced challenges, including strikes and disputes over working conditions, which some feel have not been adequately addressed by the administration.

Calls for Change New Leadership:Prominent figures in Hollywood are advocating for new leadership within the Democratic Party, suggesting that fresh faces and ideas are needed to address the current political and social climate.

Some celebrities have even hinted at support for potential challengers within the party who might better align with their progressive values and vision for the future.

Increased Activism:The dissatisfaction has led to increased political activism among celebrities, with many using their platforms to mobilize fans and encourage voter participation. Grassroots campaigns and advocacy efforts are gaining momentum as celebrities push for change.

Social media has become a powerful tool for these efforts, allowing celebrities to reach wide audiences and galvanize support for various causes and candidates.

Impact on Upcoming Elections

Influence on Voters:Hollywood celebrities have long held sway over public opinion, and their shift in support could influence voters, especially younger demographics who look up to these figures.The growing call for change may lead to a more dynamic and competitive Democratic primary, potentially reshaping the party’s platform and priorities.

Republican Opportunities:The discontent within Hollywood could also present opportunities for Republican candidates to appeal to disillusioned voters. By addressing key issues and presenting viable alternatives, Republicans may seek to capitalize on the divide within the Democratic base.

Conclusion

The evolving relationship between Hollywood and the Biden administration highlights the complexities of political alliances and the changing landscape of American politics. As celebrities increasingly voice their desire for change, their influence could play a significant role in shaping the future of the Democratic Party and the broader political discourse in the United States.

Continue Reading

Business

The Shift from Celebrity Endorsements to Influencer Marketing

Published

on

In recent years, the marketing landscape has witnessed a significant shift from traditional celebrity endorsements to influencer marketing. This evolution is driven by changes in consumer behavior, the rise of social media, and the need for more authentic and relatable brand connections.

Why the Shift is Happening

Authenticity and Relatability:Consumers increasingly seek genuine and relatable recommendations. Influencers, who often share personal stories and experiences, provide a sense of authenticity that traditional celebrity endorsements sometimes lack.

Influencers typically have a niche audience that trusts their opinions, making their endorsements feel more like personal recommendations than paid promotions.

Engagement and Interaction:Influencers engage directly with their followers through comments, likes, and direct messages, creating a two-way interaction. This engagement fosters a sense of community and trust.

Celebrities, while having large followings, often maintain a more distant relationship with their audience, which can reduce the perceived authenticity of their endorsements.

Targeted Reach:Brands can leverage influencers to reach specific demographics and niches. Influencers often cater to particular interests, allowing brands to target their marketing efforts more precisely.

Celebrity endorsements, on the other hand, tend to have a broader reach but may not effectively target specific audience segments.

Cost-Effectiveness:Working with influencers, especially micro-influencers (those with smaller, highly engaged followings), can be more cost-effective than high-profile celebrity endorsements.

Brands can collaborate with multiple influencers to achieve a wide reach at a lower cost compared to a single celebrity endorsement deal.

Content Diversity:Influencers create a variety of content formats, including videos, stories, and blog posts, offering brands multiple ways to connect with their audience. This diverse content can be more engaging and shareable.

Celebrity endorsements are often limited to traditional advertising formats, which may not resonate as effectively with modern, digital-savvy consumers.

Examples of Influencer Marketing Success

Fashion and Beauty:Brands like Glossier and Fashion Nova have leveraged influencers to build their brands. Influencers’ reviews, tutorials, and unboxing videos have driven significant brand awareness and sales.

Travel and Lifestyle:Companies like Airbnb and GoPro collaborate with travel influencers to showcase their products in real-life scenarios. Influencer-generated content highlights authentic travel experiences and inspires followers.

Fitness and Wellness:Fitness brands such as Gymshark have grown exponentially by partnering with fitness influencers who demonstrate the use of their products, share workout routines, and motivate their followers.

Conclusion

The shift from celebrity endorsements to influencer marketing reflects a broader trend towards authenticity, engagement, and targeted reach in the digital age. While celebrities still hold significant influence, the rise of social media has democratized marketing, allowing influencers to build strong, loyal communities. Brands that adapt to this shift and leverage the power of influencer marketing can create more meaningful connections with their audience, ultimately driving greater brand loyalty and success.

Continue Reading

Business

Virat Kohli Surpasses Shah Rukh Khan and Ranveer Singh to Become King of Celebrity Brand Value

Published

on

In the ever-evolving landscape of celebrity endorsements and brand associations, Virat Kohli has achieved a significant milestone by surpassing Bollywood icons Shah Rukh Khan and Ranveer Singh to become the king of celebrity brand value in India. This accomplishment underscores Kohli’s unparalleled popularity and influence, extending beyond the cricket field to a dominant presence in the advertising and branding world.

How Celebrity Brand Value is CalculatedCelebrity brand value is a metric that evaluates the monetary worth a celebrity brings to a brand through their endorsements. The calculation of this value involves several factors:

Marketability and Endorsement Deals: The number and nature of endorsement deals a celebrity secures play a crucial role. Higher and more lucrative deals increase the brand value.

Public Perception and Popularity: Surveys and market research assess the celebrity’s popularity, likability, and public perception. Positive sentiment and a strong fan base contribute significantly to brand value.

Media Presence and Visibility: The frequency and nature of a celebrity’s appearances in media, including social media, television, and print, impact their brand value. Greater visibility often translates to higher brand value.

Social Media Influence: In today’s digital age, a celebrity’s social media presence and engagement are vital. High follower counts and interaction rates boost brand value.

Impact on Sales and Brand Image: The effectiveness of a celebrity in driving sales and enhancing a brand’s image is a direct indicator of their brand value. Brands track the performance of campaigns featuring the celebrity to gauge this impact.

Longevity and Consistency: The duration of a celebrity’s relevance and their ability to maintain consistent performance over time contribute to their overall brand value.

Virat Kohli’s ascent to the top is a testament to his exceptional marketability, vast popularity, and strategic brand associations. His strong social media presence, consistent performance as a cricketer, and charismatic personality have all played pivotal roles in elevating his brand value. By surpassing established Bollywood stars like Shah Rukh Khan and Ranveer Singh, Kohli has solidified his position as a leading figure in both sports and brand endorsements, showcasing the growing influence of athletes in the world of celebrity branding.

Continue Reading

Trending