India-Hapenning Part 1

Cricket:First of all congrat India beat NZ by 10 wickets to win 1st Test in Hamilton, lead series 1-0. This is India’s first win in NZ since 1976,Again Tendulkar create magic and score wonderful hundred that led pillar for creating History.but still things not good for IPL,The tournament showcasing the truncated version of cricket may itself get truncated. With the Centre unwilling to bend
on security concerns and states cautious about underwriting policing, the high-profile IPL T20 tournament may well be cut to less than a month with matches being held during a 27-day window in May, by when two of the five phases of polls would be over. The government has clearly indicated its reluctance to allow IPL to be held in April, pointing to the Election Commission's requirements for paramilitary and the need to maintain reserves. It has also made it clear that states hosting IPL matches will have to give specific undertakings that they are prepared to provide requisite security.
Some Election News:The Bharatiya Janata Party (BJP) has formally announced that Varun Gandhi is its candidate for the Pilibit constituency in the upcoming general elections.The BJP, while declaring Varun Gandhi to be their candidate for Pilibhit, also urged the poll panel to take back the notice served on the party over the speeches.TOP JD(U) leaders and prominent members of the National Democratic Alliance, George Fernandes and Digvijay Singh, may defy their party's decision not to give them election tickets this year. Both have expressed their intentions to contest as independents from their respective constituencies. According to party sources, there is considerable opinion within the JD(U) that 79-year-old leader is not fit enough to take on the rough and tumble of election this time. But, Fernandes, unshakeable as he is, thinks otherwise. Fernandes said that if not as a JD(U) candidate, then he will fight as an independent from his constituency Muzaffarpur in Bihar.
Bollywood News:Bollywood could face a virtual shutdown after a dispute on revenue sharing between multiplex owners and film producers, leading to a freeze on marketing and release of all films after April 4.
While film producers are demanding a 50:50 share in box office revenues, multiplexes favour a performance-linked revenue sharing model, based on the film's budget, star-power and other such criteria.
"Marketing and distribution of all new films set to release from April 4 onwards has been suspended," producer Mukesh Bhatt, told reporters on Monday, on behalf of Mumbai's film producers.
On Tuesday, multiplex owners responded to the freeze, saying the producers were being unreasonable in their demands, and that grading a film on the basis of its box office performance was the best revenue-sharing model.
The city's Hindi film industry produces around 1,000 films a year.
Several big budget films were set to release in that period, and as much as 2.5-3.0 billion rupees riding on the first quarter on these films, Priti Shahani, Vice President of Indian Films, said.
Trade analyst Komal Nahta said the two sides had no choice but to reach a settlement on the issue.
Business News:Hold cash, mkts to fall 10-20% from here: Experts:Dhiraj Agarwal, Director Institutional Equities at Anand Rathi, feels the market, whcih has so far been moving in tandem with the global market, will break away for a while post elections. He expects market action to be stock-specific for the next one-two years and sees a secular trend in the market.
Jyotivardhan Jaipuria of DSP Merrill Lynch believes fundamentals are still weak and expects the market to give away its gains in the last 15 days soon. The Midcap Index may not outperform over three months, he said.
Agarwal and Jaipuria both believe the markets would hit new lows prior to the election this time around as fears will mount ahead elections given the huge uncertainty of the outcome. They added good election results could lead to a rally.