Inox

PVR Inox has revolutionized the cinema experience by offering ad-free movies, reminiscent of streaming platforms. This move aims to address the dwindling number of moviegoers by trimming pre-movie advertisements from 35 to just 10 minutes, thereby facilitating more screenings and attracting a larger audience. Moreover, patrons can now enjoy uninterrupted viewing even during intervals, with only trailers of upcoming movies being showcased. This ad-free offering is accessible exclusively in PVR Inox's premium formats, such as Director's Cut and Insignia, promising a refined cinematic journey for enthusiasts.

INOXGFL to branch out into more chemical segments, sees strong growth in wind energy business: ED

'We like to list companies,' Devansh Jain told Moneycontrol while talking about value-unlocking opportunities in the group. 

Morning Scan: All the big stories to get you started for the day

A round-up of top newspaper stories to keep you ahead of others.

IPO Watch: INOX India’s ₹1459 Cr IPO to open on Dec 14 | Price band fixed at ₹627-660/share

The initial public offering, which comprises only an offer-for-sale of 2.21 crore equity shares, will open for subscription on December 14, a day after launch of the public issues of Doms Industries and India Shelter Finance Corporation. The anchor book of the offer will open for a day on December 13, while the last day for subscription to the IPO will be December 18.

PVR Inox: Why do we continue to be cautious on this stock?

Margins and occupancy will take time to stabilise because of the increasing popularity of OTT platforms

PVR INOX To Put Curtains Down On 50 Screens After Q4 Loss Trebles To Rs 333 Cr

After experiencing a threefold increase in losses in Q4, PVR-Inox has announced its decision to shut down 50 screens across the country within the next six months. The company has also put its expansion plans on hold, citing the screens' unprofitability or their location in malls that have reached the end of their life cycle. Consequently, reviving these screens was deemed unfeasible. However, the entertainment industry as a whole continues to face challenges, with multiplex owners struggling to attract sufficient occupancy post-COVID. Furthermore, the industry has witnessed a decline in the number of Hollywood releases, while the demand for OTT platforms has increased, altering movie-goers' preferences.

Market Live: Auto Rally Speeds Up Post Q4 Earnings; Airtel Q4 Today| PVR Inox, Berger In Focus

Nifty conquers the 18,400 mark to hit a five-month high, while the Nifty Bank notches a record close. Are the markets poised to hit fresh highs soon? Meanwhile, autos have hit the fast lane with major carmakers reporting stellar set of numbers for the fourth quarter. How should one play auto stocks post earnings. Moneycontrol Pro’s Nitin Agrawal shares some insights. We discuss the market setup and stocks like PVR Inox, Berger Paints & Coromandel International with Milan Vaishnav, Gemstone Equity Research. Watch!

PVR: Strong quarter lights up show, but is the worst over?

PVR saw a footfall of 22 million in the third quarter, which is an improvement both sequentially as well as year on year, but still below Q1 FY23

Pathaan in Kashmir: After 30 years, cinema hall goes houseful, to watch SRK on big screen

In the past one week, movie lovers in Kashmir have been waiting in a queue to get tickets for 'Pathaan', bringing back houseful boards outside theatres.

Is the movie business in the doldrums? What's behind films flopping?

Changing audience preferences, streaming alternatives, a poor connection with viewers, and high star salaries have all affected box-office collections.

Stock Market LIVE: Good to buy PVR, Inox ahead of merger? NTPC, Tata Metaliks, Siemens also in focus

Is it prudent to invest in PVR or Inox ahead of their merger? Morgan Stanley laps up shares of Tata Metaliks. Also in the spotlight today are NTPC and Siemens.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game

Hotel, airline, QSR stocks take a beating as COVID fear returns to haunt D-Street

Interglobe Aviation, Indian Hotels, Lemon Tree, Devyani International, Jubilant Foodworks and PVR were among the stocks that were trading low on another day of selloff

CUTS moves NCLAT against CCI order on PVR and INOX merger

In its petition, Consumer Unity & Trust Society (CUTS) has also made PVR and INOX as parties before the National Company Law Appellate Tribunal (NCLAT).

Multiplex sector: Why a disaster quarter doesn’t dim the upside

The combined cost of tickets and F&B for a single movie is more than the monthly subscription cost of some of the OTT platforms and a large content library adds to the OTT attraction. So far, multiplexes do not appear to have an answer for it

PVR to open more superplexes, add more screens in the South

FY24 will be huge once the merger with INOX goes through, says joint MD Sanjeev Bijli

One month on, Kashmir multiplex has seen some non-starters, some hits

The experience of watching a film on the big screen returned to Kashmir last month, after 23 long years. But it seems Bollywood's declining fortunes have singed the brand-new multiplex, too.

T20 World Cup: INOX signs agreement with ICC, to live screen India matches in cinema halls

It has signed an agreement with the International Cricket Council (ICC) in this regard, INOX Leisure said in a statement.

PVR shareholders approve merger with rival INOX Leisures

The leading cinema exhibitor convened a meeting of its shareholders on Tuesday following the directions of the Mumbai bench of the National Company Law Tribunal (NCLT)

PVR to invest Rs 350 crore for 100 new screens in FY23; expects Inox merger to close by February next year

It also expects its mega-merger with Inox Leisure to close by February 2023, after which it will start to run as a combined business, PVR’s chief executive Gautam Dutta told PTI over the phone.

Kashmir gets its first multiplex after three decades

Kashmir's much-awaited first multiplex opened for public on September 20. With the opening of the multiplex, which is designed by INOX, in Srinagar, Kashmiris will get a chance to see movies on the big screen after more than three decades.

Kashmir to get its first multiplex today, ending 3-decade wait for cinema lovers

People in Kashmir will get to enjoy the experience of watching a movie in the theatres after decades as the valley gets its first multiplex, operated by INOX, in Srinagar.

Competition Commission of India rejects complaint against proposed PVR-INOX deal

The watchdog's order has come on a complaint filed against the proposed merger that would create the country's largest multiplex chain with a network of more than 1,500 screens.

Stock Market Live: Will Brahmastra's flop cut short PVR-Inox rally? | Markets With Santo & CJ

Initial reviews of Ranbir Kapoor and Alia Bhatt starrer Brahmastra has been uninspiring and Santo believes this could spell trouble for rally in PVR-Inox Leisure. CJ, though, is not giving up hope. Watch the duo debate on what lies ahead for PVR's stock plus share their thoughts on Balaji Amines, eClerx, and Ipca Labs.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game.