After stints in film production and exhibition, Manmohan Shetty starts an entertainment theme park. Can he turn it into a viable business?
Six years since the project was first conceptualised, Adlabs Imagica, positioned as South Asia's largest amusement theme park, will open its doors to the public on Thursday. CNBC-TV18‘s Farah Bookwala reports.
Ankit Miglani, deputy managing director, Uttam Galva told CNBC-TV18 that the rumours of selling land at Khopoli (on the outskirts of Mumbai) to tackle debt were false and outlines an alternate course of action to reduce debt.
The realisations of leading secondary steel maker Bhushan Steel & Strip stood at USD 300 a tonne in Q1 better than Street's expectations. However, Nitin Johri, chief financial officer of the company in an interview to CNBC-TV18 said, it would be difficult to improve realisations from here on.