"Due to liquidity issues, the company had decided to sell the 'Cinemas' and 'Retail' divisions of the company," SRS Ltd said in a regulatory filing.
â€œCinema business has been consistently growing in US, which is the most saturated market in the world when it comes to such online video platforms. In the US, they are not building new cinemas. Instead they are reducing cinemas but cinema footfalls business are still going up,â€ Kamal Gianchandani, CEO PVR Pictures says.
The cinema exhibition industry, which has witnessed significant consolidation in recent years, would have over 3,000 multiplex screens by 2019, said ratings agency ICRA.
The stock zoomed 19.96 per cent to settle at Rs 102.15 - its highest trading permissible limit for the day - on BSE.
The investment in Bahrain cost around Rs 15 crore and the company expects to breakeven in about two and half years, says Rahul Puri, MD of Mukta Arts.
Not just this, Bollywood's Mr Perfectionist Aamir Khan believes that schools need to pay greater attention to sports at school level.
As part of its mass media campaign, Sebi (Securities and Exchange Board of India) has so far carried one campaign on its Investor Grievance Redressal Mechanism and six on on unregistered collective investment schemes and ponzi menace.
The two firms today announced to bring PVR's movie tickets to Paytm's e-commerce platform as the latter forays into the online movie ticket segment
Advertisement revenue grew 14.8 percent to Rs 40.6 crore. Average advertisement minutes sold per show per screen increased to 4.36 minutes during the quarter from 3.97 minutes in year-ago period.
While, Indian Premier League (IPL) and examination season might drag the fourth quarter a bit but with blockbuster releases like Bajrangi Bhaijaan, Brothers, Bahubali, revured occupancy and other Sanjay Leela Bhansali and Shahrukh Khan films make second quarter look equally promising, says Ajay Bijli, Chairman and Managing Director, PVR.
UFO Moviez debuted on the bourses at Rs 600 per share Thursday. The stock of the end-to-end high-quality digital cinema solution provider touched a high of Rs 622.80 intraday. Price band of the Rs 600-crore initial public offering (IPO) was at Rs 615-625.
Investors such as 3i Research (Mauritius) Ltd and P5 Asia Holding Investments (Mauritius) Ltd (P5), and promoters will pare their stakes through the IPO.
Indian art and artists are finally getting their due, thanks partly to auction houses. One of India's foremost art institution and auction house - Osians has had quite a few struggles. Osian's founder and chairman thinks it's time they moved to do things a bit differently - with the launch of Osianama - an arts, auto, cinema and culture centre.
India has slowed down and companies are cutting back on spends on marketing and advertising. In its mid-year forecast, GroupM has revised the adex growth in FY'13 to just 8.5 percent.
The decision of the central agency, financier and producer of many classic movies in various Indian languages, will shatter the dreams of a large number of fresh talent who wish to materialise their movie hopes with support of government money, they said.
Prithviraj, the actor son of Malayalam film actor Sukumaran said, " I try and surrender to the script and the director in every film I do. I have always maintained that if a film carries a good performance by me, a lot of it has to do with the director and the script." He has starred in close to 80 Malayalam films.
Technicolor hues appear brighter in small-town cinemas. Then life decides to catch up through a controversial film
The military has leveraged the psychological impact of sound to cripple enemy morale for a long time now. However, Hollywood hasn't been able to reproduce the full extent of this aural terror in cinemas yet...
With moist eyes and prayers on their lips, family and friends bid farewell to Indian cinema's 'king of romance' Yash Chopra at a crematorium in Mumbai on Monday afternoon.
In an interview with CNBC-TV18, Nitin Sood CFO, PVR said that the company's bottom-line was affected due to a one-time exceptional charge of Rs 21 crore. However, the operating EBITDA for the fourth quarter of FY12 has seen strong growth, said Sood.
Mrinal Sen turns 90, says he has not yet retired
Often, the Indianism 'filmi' is used to mean the very opposite of class. Its shades of meaning include an artificiality, a certain amount of exaggeration, of faÃ§ade.
Irrfan is probably India's most successful export to Hollywood, having tasted success with experimental roles in several critically acclaimed films such as "Slumdog Millionaire" and "A Mighty Heart."
Diversified group SRS is planning to expand its four verticals such as cinema, food courts, retail stores and jewellery stores. Anil Jindal, chairman of SRS, in an interview to CNBC-TV18, spoke about the latest happenings in the company and gave his views on how the company is going to perform in the future.
Diversified group SRS today said it would invest a sum of Rs 100 crore to strengthen its cinema business by opening new screens in the next two years in smaller cities and towns.