Reserve Bank of India - Bulletin Weekly Statistical Supplement - Extract

Apr 03, 2015, 05.00 PM IST | Source: RBI

Reserve Bank of India - Bulletin Weekly Statistical Supplement - Extract

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Reserve Bank of India - Bulletin Weekly Statistical Supplement - Extract

Reserve Bank of India - Bulletin Weekly Statistical Supplement - Extract

(` Billion) Item 2014 2015 Variation Mar. 28 Mar. 20 Mar. 27 Week Year 1 2 3 4 5 4 Loans and advances           4.1 Central Government – – – – – 4.2 State Governments 14.88 34.83 57.60 22.77 42.72 Item As on March 27, 2015 Variation over Week End-March 2014 Year ` Bn. US$ Mn. ` Bn. US$ Mn. ` Bn. US$ Mn. ` Bn. US$ Mn. 1 2 3 4 5 6 7 8 1 Total Reserves 21,349.1 341,378.1 120.6 1,386.5 3,065.3 37,154.9 3,057.1 37,704.6 1.1 Foreign Currency Assets 19,791.3 316,238.3 117.7 1,351.8 3,182.2 39,879.0 3,179.4 39,832.3 1.2 Gold 1,225.7 19,837.0 – – –70.5 –1,729.8 –76.4 –1,141.0 1.3 SDRs 250.8 4,004.8 2.2 26.2 –17.5 –458.8 –17.1 –453.4 1.4 Reserve Position in the IMF 81.3 1,298.0 0.7 8.5 –28.9 –535.5 –28.8 –533.3 (` Billion) Item Outstanding as on Mar. 20, 2015 Variation over Fortnight Financial year so far Year-on-year 2013-14 2014-15 2014 2015 1 2 3 4 5 6 2 Liabilities to Others             2.1 Aggregate Deposits 85,856.4 316.0 9,551.1 8,800.8 9,551.1 8,800.8 2.1a Growth (Per cent)   0.4 14.1 11.4 14.1 11.4 2.1.1 Demand 8,034.1 63.1 516.2 894.9 516.2 894.9 2.1.2 Time 77,822.3 252.9 9,034.8 7,905.9 9,034.8 7,905.9 2.2 Borrowings 2,258.7 4.5 –6.3 48.3 –6.3 48.3 2.3 Other Demand and Time Liabilities 4,591.4 –303.7 267.0 208.1 267.0 208.1 7 Bank Credit 65,646.8 404.2 7,336.4 5,705.8 7,336.4 5,705.8 7.1a Growth (Per cent)   0.6 13.9 9.5 13.9 9.5 7a.1 Food Credit 944.2 –35.8 20.6 –40.6 20.6 –40.6 7a.2 Non-food credit 64,702.6 440.0 7,315.8 5,746.4 7,315.8 5,746.4 (` Billion) Item Outstanding as on Variation over 2014 2015 Fortnight Financial Year so far Year-on-Year 2013-14 2014-15 2014 2015 Mar. 31 Mar. 20 Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 M3 94,973.3 105,659.9 338.7 0.3 11,231.8 13.4 10,686.6 11.3 11,360.8 13.6 10,529.9 11.1 1 Components                         1.1 Currency with the Public 12,483.4 13,866.9 19.2 0.1 1,121.2 9.8 1,383.4 11.1 1,118.7 9.8 1,335.1 10.7 1.2 Demand Deposits with Banks 8,043.9 8,989.2 64.1 0.7 547.4 7.3 945.4 11.8 614.7 8.2 909.6 11.3 1.3 Time Deposits with Banks 74,426.3 82,708.6 257.8 0.3 9,578.1 14.8 8,282.3 11.1 9,625.0 14.8 8,207.6 11.0 1.4 'Other' Deposits with Reserve Bank 19.7 95.2 –2.3 –2.4 –14.8 –45.8 75.5 384.4 2.5 16.5 77.6 441.7 2 Sources (2.1+2.2+2.3+2.4-2.5)                         2.1 Net Bank Credit to Government 30,386.0 30,044.3 -1,847.3 –5.8 2,926.9 10.8 –341.8 –1.1 2,978.8 11.0 27.2 0.1 2.1.1 Reserve Bank 6,987.1 3,640.0 -1,186.5   654.1   –3,347.1   705.7   –2,919.9   2.1.2 Other Banks 23,398.9 26,404.2 –660.8 –2.4 2,272.8 10.7 3,005.3 12.8 2,273.1 10.7 2,947.1 12.6 2.2 Bank Credit to Commercial Sector 64,424.8 70,357.9 434.8 0.6 7,760.8 13.7 5,933.1 9.2 7,727.6 13.6 5,918.5 9.2 2.2.1 Reserve Bank 88.4 54.6 1.8   54.8   –33.7   57.0   –30.8   2.2.2 Other Banks 64,336.4 70,303.3 433.0 0.6 7,706.0 13.6 5,966.8 9.3 7,670.6 13.5 5,949.2 9.2 (` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo/ Overnight Variable Rate Repo Term Reverse Repo/ Overnight Variable Rate Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Mar. 23, 2015 126.04 126.73 – 100.01 1.05 –0.01 – – –99.66 Mar. 24, 2015 32.97 78.94 155.01 160.60 4.05 – – – –47.51 Mar. 25, 2015 36.17 101.40 – 233.77 2.28 1.42 – – –295.30 Mar. 26, 2015 50.87 63.83 – 280.53 6.90 –3.32 – – –289.91 Mar. 27, 2015 83.04 219.84 155.02 166.37 23.55 4.27 – – –120.33 Mar. 28, 2015 – 130.33 – – 58.49 – – – –71.84 The above information can be accessed on Internet at http://www.wss.rbi.org.in The concepts and methodologies for WSS are available in Handbook on WSS ( www.rbi.org.in/scripts/PublicationsView.aspx?id=15762 ). Time series data are available at http://dbie.rbi.org.in Ajit Prasad Assistant General Manager Press Release : 2014-2015/2082

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RBI celebrates 80th Anniversary: Prime Minister urges Banking Fraternity to set Goals for Next 20 Years to remove India's Poverty

The Prime Minister of India Shri Narendra Modi urged the Reserve Bank of India to take the lead in encouraging financial institutions to set concrete targets for consolidating financial inclusion over the next 20 years, to help transform the quality of life of the poor. "I come as a representative of the poor, underprivileged, marginalised and tribals; I am one among them; I seek on their behalf and trust you will not disappoint me," the Prime Minister said at the Financial Inclusion Conference organised by the Reserve Bank of India to celebrate its 80th anniversary. The Conference was held at National Centre for the Performing Arts, Mumbai on April 2, 2015.

The Prime Minister also complimented the Reserve Bank, its staff and all others who had contributed to the development of the institution on the occasion of its 80th anniversary. He alluded to the bi-monthly discussions between him and the Reserve Bank Governor Dr. Raghuram G. Rajan and said that the cordiality in that indicated similarity in thoughts between the Government and the Reserve Bank. "I am satisfied about the role of the Reserve Bank," he mentioned.

Finance minister Shri Arun Jaitley, Shri C. Vidyasagar Rao, His Excellency Governor of Maharashtra and Shri Devendra Fadnavis, Hon'ble Chief Minister of Maharashtra were the Guests of Honour. Former Governors, Deputy Governors and Senior Executives of the Reserve Bank, Heads of Financial Regulators, Chief Executives/Managing Directors/Executive Directors/General Managers-in-Charge of Financial Inclusion and Technology of commercial banks, Chairmen of Regional Rural Banks, representatives from Micro Finance Institutions, Business Correspondents, Training Institutions and academia were among the attending dignitaries.

Offering other benefits to poor, the next Challenge says FM

Earlier, Shri Arun Jaitley, Hon'ble Finance Minister of India, lauded the Reserve Bank, commercial banks and their staff for the success of Prime Minister's Jan Dhan Yojana and said that the next challenge was to activate these accounts and make financial inclusion a success and to make inclusive growth a reality. Complimenting the Reserve Bank on its 80th anniversary, the Finance Minister said that the dialogue between the Government and the Reserve Bank were always constructive.

Empower the poor and the small by offering them choice and opportunity says RBI Governor

In his welcoming remarks, the Reserve Bank Governor Dr. Raghuram G. Rajan recounted the tasks ahead and stated that in the coming year, the Reserve Bank's intent is to create an ownership neutral, institution neutral, and technology agnostic level competitive arena. Technologies enabling touch-and-go payments will be used even as banks find new ways of acquiring and analysing information and reducing transactions costs as they compete to extend financial services to all. The Reserve Bank's state-of-the-art payments system will support technology, even as the Reserve Bank strengthens its cyber-supervision and cyber-security. The central bank will also focus on developing deeper markets to absorb the risks that stay too often in banks or in corporations, he added.

The Governor cautioned that the required national push to finance infrastructure should not override financial stability, which is key to national security. He suggested that going forward, the Reserve Bank needs to develop new sources of risk capital so that India's infrastructure needs can be financed with moderate amount of debt, even as the Reserve Bank helped the system deleverage.

"Perhaps the country's most important financial challenge is to bring financial services to every doorstep and to every small enterprise. The poor are still too far away from, or too uncomfortable stepping into bank branches," he stated and added that "With government initiatives like Pradhan Mantri's Jan Dhan Yojana and the MUDRA Bank, as well as new technologies, new institutions, and new processes such as direct benefits transfers, I am confident that our country can empower the poor and the small with both choice and opportunities. The Reserve Bank in turn has to ensure greater consumer protection and consumer literacy."

He concluded by stating that strong national institutions are hard to build. Therefore existing ones should be nurtured from the outside, and constantly rejuvenated from the inside, for there are precious few of them.

Panel Discussions

The address by the honourable dignitaries was followed by four panel discussions on pertinent issues concerned with financial Inclusion efforts: i) Financial Inclusion-Let all efforts bloom; ii) the Linkage between Financial Inclusion, Financial Literacy and Consumer Protection; iii) Building the Business case for Financial Inclusion: Whether BC Model is the way to go?; and iv) Financial Inclusion – Way Forward. Experts from the fields of commercial banking, financial institutions, Central Government, Non-Banking Financial Companies, Self-Help Groups, journalism, and Board members of the Reserve Bank participated in the panel discussions, each of which was moderated by a Deputy Governor.

Abridged History of the RBI released

"The Concise History of the Reserve Bank of India, 1935-1981", was also released by the Hon'ble Prime Minister on this occasion. The volume has been compiled based on internal documents of the Reserve Bank. An adaptation and abridgement of almost 3,000 pages of the first three volumes of its institutional history, covering the period from 1935, when the Bank was set up, till 1981, "The Concise History of Reserve Bank of India" is one more attempt of the central bank to 'demystify' itself to the general public.

RBI's Environment friendly gestures

In a unique environment friendly gesture, the Reserve Bank has undertaken to plant 200 trees in different parts of the country through a non-Government Organisation called 'Grow Trees'. A certificate stating this was presented in lieu of flowers while welcoming the Prime Minister.

Later, an artwork titled 'Dandi March' created out of shredded currency notes by students of Government Art College, Chennai was presented to each dignitary on the dais as a memento.

Alpana Killawala
Principal Chief General Manager

Press Release: 2014-2015/2083

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Dollar falls against euro ahead of jobs report, unaffected by Iran pact

Investing.com - Investing.com -- The euro continued its steady rally against the U.S. dollar on Thursday, despite stronger than expected U.S. jobs data but remained relatively unchanged after Iran reached a solution on key parameters of a nuclear deal with Western leaders.

EUR/USD stood at 1.0892 in U.S. afternoon trading, up 1.20% or 0.0130 from Wednesday's close. The pair rose to 1.0898 ahead of the release of a U.S. factory orders' report on Thursday morning, before wavering at 1.08 levels for the remainder of the trading session.

EUR/USD likely received support at 1.05 its low from Mar. 11 and resistance at 1.14 its high from mid-February.

The pair remained constant at 1.0892 following an announcement in Lausanne, Switzerland that Iran and Western powers had reached a deal on the framework of a preliminary Iranian nuclear pact before a final agreement could be reached in late-June.

"This framework would cut off the pathway Iran could take to develop a nuclear weapon," U.S. president Barack Obama said at a news conference outside the White House. "This deal is not based on trust, it is based on unprecedented verification."

It is believed that the severe economic and financial sanctions against the Persian Gulf nation will be lifted on a staggered, step-by-step basis depending on how cooperative it is with inspectors from the International Atomic Energy Agency. Sanctions that have limited the Iranian Banking System will be among the limitations that could be initially removed, NBC News reported.

"The European Union will terminate the implementation of all economic and financial sanction and the U.S. will seize the application of all economic and financial sanctions," EU Vice President Federica Mogherini said at a joint news conference with Iran.

Meanwhile, the U.S. Department of Labor said Thursday that initial claims for state unemployment benefits declined by 20,000 last week to a seasonally-adjusted level of 268,000, the lowest level since January. Economists had expected initial claims to rise to 285,000.

The four-week average, considered a better approximation of labor trends, also dropped by 14,750 to 285,500. In addition, U.S. factory orders for February inched up 0.2%, after six consecutive monthly declines. In a separate report released Thursday, the U.S. trade balance decreased from $42.7 billion in January to $35.4 billion in February, amid lower oil prices and a stronger dollar.

Traders await the release of Friday's U.S. jobs report by the Bureau of Labor Statistics for further guidance on potential currency fluctuations. A panel of economists predicted that the workforce added 248,000 non-farm jobs last month, down slightly from February's increase of 295,000. The labor force has added at least 200,000 jobs per month for every month over the last year. Economists expect that unemployment will remain fairly constant at a level of 5.5%.

On Mar. 6, the euro fell roughly 1.8% to 1.08 after a strong U.S. jobs report coincided with the start of the European Central Bank's €60 billion a month quantitative easing program.

Elsewhere, Reuters reported that Greece told its creditors on Wednesday that it could run out of money on April 9. On that date, Greece owes a €450 million payment to the International Monetary Fund (IMF). Greece could meet its obligation to the IMF or repay government salaries and pensions, but might be unable to do both.

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U.S. stocks rise ahead of critical Friday jobs report

Investing.com - Investing.com -- Stocks on U.S. equities markets edged up, as Iran and Western leaders agreed on the framework of a nuclear pact while investors braced for the release of Friday's critical jobs report.

All three major indices closed slightly higher on Thursday, as the markets ended a short week of trading ahead of a three-day weekend for the Easter holiday. There have only been a handful of instances over the last two decades when the markets have remained closed for Good Friday on the same day when the U.S. employment report has been released.

The Dow Jones Industrial Average gained 65.06 or 0.37% to 17,763.24, while the NASDAQ Composite index rose 6.71 or 0.14% to close the week at 4,886.94.

The S&P 500 Composite index, meanwhile, gained 7.27 or 0.35% to 2,066.96 led by gains in the Telecommunications, Consumer Service and Consumer Goods sectors. Stocks in the Technology sector lagged, which ended the day as the only sector on the index to close in the red.

Shares in major energy companies fell slightly on Thursday, after a preliminary deal was reached to curtail Iran's Nuclear Program. As part of the deal economic and financial sanctions will be eased against Iran, raising concerns that a glut of Iranian oil could be released into an already saturated global market. Exxon Mobil Corporation (NYSE:XOM) fell 0.16 or 0.19% to 84.30, while Chevron Corporation (NYSE:CVX) posted late gains to erase earlier losses.

The top performer on the Dow was Home Depot Inc (NYSE:HD), which gained 1.63 or 1.44% to 114.76. The worst performer was Microsoft Corporation (NASDAQ:MSFT), which dropped 0.43 or 1.06% to 40.29 on the 40th anniversary of the founding of the company on Thursday. McDonald's Corporation (NYSE:MCD) also lost 0.48% to close at 95.83, one day after the company announced plans to raise minimum wage to $10.00 by 2016 for employees at its corporate-owned locations.

The biggest gainer on the NASDAQ was Discovery Communications Inc. (NASDAQ:DISCA), which rose 1.24 or 4.01% to 32.15 after the TV programmer reached a TV ratings and automotive segmentation agreement with Portland-based Rentrak Corporation (NASDAQ:RENT), a media measurement company. The worst performer, meanwhile, was American Airlines Group (NASDAQ:AAL) which fell 1.27 or 2.51% to 49.18, following mounting concerns with an oversupply of passenger seats. During the first quarter American Airlines' revenue per seat flown per mile declined, according to a report from Bloomberg. The measure is one of the most closely-watched estimates by airlines industry insiders. American Airlines closed as the worst performer on the NASDAQ for the second consecutive session.

The top performer on the S&P 500 was CarMax Inc (NYSE:KMX), which gained 6.40 or 9.36% to 74.79 after beating an earnings estimates following strong used car sales. The worst performer was Motorola Solutions Inc (NYSE:MSI), which fell 4.40 or 6.60% to 67.45 after the telecommunication company reportedly failed to find a private equity firm to purchase it, according to a report from Bloomberg.

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AGI Infra board meeting on April 06, 2015

AGI Infra board meeting will be held on April 06, 2015, to transact the business and consider & approve the Re-appointment of Managing Director and Whole-time Director of the Company. To Authorize Senior Manager of the Company to sign sale deed and other related documents on behalf of the Company.

AGI Infra Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 06, 2015, inter alia, to transact the following business:1. To consider & approve the Re-appointment of Managing Director and Whole-time Director of the Company.2. To Authorize Senior Manager of the Company to sign sale deed and other related documents on behalf of the Company.3. To Review the operations of the Company.Source : BSE

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AGI Infra board meeting on April 06, 2015

AGI Infra board meeting will be held on April 06, 2015, to transact the business and consider & approve the Re-appointment of Managing Director and Whole-time Director of the Company. To Authorize Senior Manager of the Company to sign sale deed and other related documents on behalf of the Company.

AGI Infra Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 06, 2015, inter alia, to transact the following business:1. To consider & approve the Re-appointment of Managing Director and Whole-time Director of the Company.2. To Authorize Senior Manager of the Company to sign sale deed and other related documents on behalf of the Company.3. To Review the operations of the Company.Source : BSE

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Matra Realty: Outcome of board meeting

Matra Realty in its meeting held on March 31, 2015, has transacted the Appointment of Mr. Arun Kumar Goyal Director With effect from March 31, 2015. Appointment of Mr. Arun Kumar Goyal Director With effect from March 31, 2015. Appointment of Mrs. Sarita Goyal as Non executive Independent Director With effect from March 31, 2015.

Matra Realty Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2015, inter alia, has transacted the following :1. Appointment of Mr. Arun Kumar Goyal Director With effect from March 31, 2015.2. Appointment of Mrs. Sarita Goyal as Non executive Independent Director With effect from March 31, 2015.3. Resignation of Mr. Dipankar Mondal has been accepted and he is not associated with the Company with effect from March 31, 2015.Source : BSE

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DOT COM Global: Outcome of board meeting

DOT COM Global in its Meeting held on March 31, 2015 has considered and approved the Appointment of Mrs. I. Sunitha as Additional Director of the Company with effect from March 31, 2015.

DOT COM Global Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on March 31, 2015 has considered and approved the Appointment of Mrs. I. Sunitha as Additional Director of the Company with effect from March 31, 2015.Source : BSE

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CCCL: Outcome of board meeting

Consolidated Construction Consortium at its meeting held on March 30, 2015, has transacted the Pursuant to the approval sought for disposing of undertaking including its subsidiaries from the shareholders of the company through postal ballot and as per the terms under the CDR, the Board has initiated to hive off one its subsidiary Company.

Consolidated Construction Consortium Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 30, 2015, has transacted the following:1. Pursuant to the approval sought for disposing of undertaking including its subsidiaries from the shareholders of the company through postal ballot and as per the terms under the CDR, the Board has initiated to hive off one its subsidiary Company.The Board has approved the draft term sheet which is under finalization.2. The Board is considering few nominations for the appointment of Woman Director. The appointment is in the process.Source : BSE

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Wires Fabriks SA: Outcome of board meeting

Wires & Fabriks SA in its meeting held on March 30, 2015, has appointed the already existing Independent Directors of the Company namely Shri Satish Ajmera, Shri Mohan Lal Bhagat, Shri Dinkarray Durgashankar Trivedi, Shri Vinod Kumar Ladia and Shri Subrata Kumar Mitra as the Independent Directors of the Company w.e.f. March 30, 2015.

Wires & Fabriks SA Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 30, 2015, has appointed the already existing Independent Directors of the Company namely Shri Satish Ajmera, Shri Mohan Lal Bhagat, Shri Dinkarray Durgashankar Trivedi, Shri Vinod Kumar Ladia and Shri Subrata Kumar Mitra as the Independent Directors of the Company w.e.f. March 30, 2015.Source : BSE

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'Home’ trumps expectations with $54 million debut

By Brent Lang

LOS ANGELES (Variety.com) - Jeffrey Katzenberg must be breathing a huge sigh of relief after the embattled DreamWorks Animation chief scored a much needed box office win with the release of "Home."

The family film was the weekend's top ticket seller, pulling in a sterling $54 million, easily eclipsing projections that had it bowing to between $30 million to $35 million. It's one of the studios best ever openings for an original movie and the biggest debut it has had since 2012's "Madagascar 3: Europe's Most Wanted" kicked off to $60.3 million in 2012.

The studio has suffered through a string of film flops such as "Turbo" and "Mr. Peabody and Sherman," as well as failed sales to Hasbro and SoftBank. "Home" is the only film it is releasing this year, so expectations for the film about an alien invasion were high and scrutiny was intense. "Home" cost $130 million to produce and launched in 3,708 locations. Fox distributed the picture.

The film's success could be reflected in DreamWorks Animation's stock price. Shares of the company closed Friday up 3 percent at $22.68 and continued to climb in after-hours trading on the strong box office results.

"Home's" results continue what has been a very strong year for family fare, after "Paddington" and "The SpongeBob Movie: Sponge Out of Water" did impressive business by appealing to the parents and kids set.

"You had parents talking to one another and saying it was a good movie for kids and that's enough for something to be successful," said Phil Contrino, vice president and analyst with BoxOffice.com. "With family skewing movies it can be feast or famine and this year there's been a whole lot of feasting."

"Get Hard," the R-rated prison comedy with Will Ferrell and Kevin Hart, captured second place on the box office charts by appealing to a very different segment of the moviegoing population. The Warner Bros. release pulled in $34.6 million across 3,175 locations and cost an economical $40 million to produce. The opening weekend crowd was 54 percent male and 61 percent over the age of 25. It ranks as the number one opening for an R-rated film starring Ferrell or Hart.

"The chemistry between them was terrific," said Dan Fellman, Warner Bros. domestic distribution chief. "They're both popular and well liked. I hope we can do another one with them."

Radius-TWC scored with "It Follows," expanding from 32 to 1,218 locations, and picking up $4 million in the process. That was good enough for a fifth place finish. The well-reviewed horror film has earned $4.8 million since debuting on March 13.

Last weekend's champ, "Insurgent," fell 58 percent to make $22 million and nab third place on the charts. That brings the "Divergent" sequel's total to $86.4 million after two weeks. Disney's "Cinderella" pulled in $17.5 million to grab fourth place and bring its total to $150 million.

"Kingsman: The Secret Service" continued to impress, earning $3 million for a sixth place finish and pushing its total to nearly $120 million.

In limited release, A24 got off to a strong start with "While We're Young," Noah Baumbach's look at two New Yorkers in the throes of middle aged crisis and the Brooklyn hipsters who inspire them. Released in just four theaters, the film earned $242,152, for a per-screen average of $60,538. The film is scheduled to expand its footprint on April 10.

Not even the combined star wattage of Jennifer Lawrence and Bradley Cooper could save "Serena." The oft-delayed drama premiered on 60 theaters in addition to showing on VOD. It pulled in a paltry $100,000 and a per-screen average of $1,667. "Silver Linings Playbook" this decidedly is not.

Overall box office numbers have yet to be finalized, but it appears as though they will trump the prior-year period when "Noah" opened to $43.7 million by approximately 10 percent, a particular impressive finish given that the "March Madness"/NCAA basketball tournament is enjoying strong TV ratings.

Next week brings the debut of "Furious 7," which is hurtling towards a record $100 million-plus opening. Spring is here.

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Jess Glynne, James Bay top British music charts

LONDON (Reuters) - British singer songwriter Jess Glynne notched up her first solo number one single in Britain with "Hold My Hand", the Official Charts Company said on Sunday, saying she had racked up sales of over 97,000.

Glynne dethroned last week's number one, "Lay Me Down", from Sam Smith and John Legend, which fell to number six. English songwriter James Bay took the second spot with his single "Hold Back the River", while Years & Years took the third spot with "King."

In the album charts, Bay's debut album "Chaos And The Calm" went straight to number one, achieving combined sales of over 64,000. Last week's number one, "To Pimp A Butterfly", by U.S. rapper Kendrick Lamar, slipped to fifth place.

Sam Smith's "In The Lonely Hour", the most-streamed album of the week, stayed at number two, while Ed Sheeran's "X", which recently passed the two-million sales mark, was at number three.

(Reporting by Andrew Osborn; Editing by Raissa Kasolowsky)

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The big event : NSE funancial national finale

NSE's Funancial Quest, Season 4, this is the national finale. Three outstanding teams battled hard in the semi-finals to qualify as the winners of each of them and here in the national finals they will battle again and this time it is for the title of a national champion.

NSE's Funancial Quest, Season 4, this is the national finale. Three outstanding teams battled hard in the semi-finals to qualify as the winners of each of them and here in the national finals they will battle again and this time it is for the title of a national champion. Each of these teams has had a victory at their city level, semi-finals and one victory is all that stands in their way towards being crowned national champion.

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Real Estate TV: Themed lifestyles now come from developers

Theme based projects are the buzz-word these days. Developers of housing societies today are competing with each other to lure customers with theme based projects. Each theme promises a unique experience, but are they actually practical and a desirable option or is it just a mere marketing gimmick?

Theme based projects are the buzz-word these days. Developers of housing societies today are competing with each other to lure customers with theme based projects. Each theme promises a unique experience, but are they actually practical and a desirable option or is it just a mere marketing gimmick?

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