Interglobe Aviation: Interglobe Enterprises, a promoter entity of Rahul Bhatia, is planning to sell a stake worth $394 million in Indigo Airlines’ parent company, Interglobe Aviation, via a block deal. The entity currently holds a 37.75% stake in Interglobe Aviation. The proposed sale, which marks the first time in many years that Bhatia is looking …
After rising about half a per cent last week, domestic market benchmark Nifty 50 fell over half a per cent in intraday trade on Monday, March 11, with some of the banking heavyweights, including HDFC Bank, ICICI Bank and SBI, among the top drags. The Nifty 50 formed a small bullish candle last week and …
ET Intelligence Group: After an exceptionally good September quarter, the Hindi film industry has begun the December quarter on a sombre note. Each of the 14 movies released in October has failed to generate sufficient footfalls at theatres. What’s unique about this is not the failure, but the fact that big studios and distributors backing …
Mexico-born cinema chain Cinepolis’ Indian arm is looking to double its capex to ‘280 crore in 2024 as it looks to add 80 screens a year to achieve its eventual goal of having 1,000 screens in the country, CEO Devang Sampat told ET. Cinepolis, which entered India in 2009, has 432 screens in the country …
Multiplex operator PVR Inox on Thursday delivered its best quarterly results ever, with a net profit of ₹207 crore for the three months ended September 30, compared with a net loss of ₹78 crore a year earlier. Revenue nearly doubled to ₹2,020 crore from ₹1,082 crore, boosted by several blockbuster movies. The results are on …
PVR Inox Co-CEO Gautam Dutta said that the launch of the monthly subscription service will help the company grow footfalls during the weekdays, besides uplifting small and medium films, which are getting overshadowed by the big films at the box office. The monthly Passport subscription service, which launched Monday, will allow subscribers to watch up …
New Delhi, The Multiplex Association of India (MAI) on Saturday said that over six million cinemagoers went to the theatres on the second edition of National Cinema Day. More than 4,000 screens participated in the initiative on Friday including cinema chains like PVR INOX, Cinepolis, Miraj, Citypride, Mukta A2, Movie Time, Wave, M2K, Moviemax, Rajhans, …
National Cinema Day is returning this year on Friday, October 13, and ahead of that, we’ve got details on ticket booking for the same. On that day, movie tickets across India will cost merely Rs. 99 per head, in celebration of successful box office runs this year and as a means to drive more people …
In a move that may please cinema enthusiasts, the Multiplex Association of India (MAI) in association with cinemas all over the country have organised a ‘movie marathon’ on the occasion of National Cinema Day, which falls on October 13 of every year. Moviegoers will be able to enjoy and be a part of this marathon …
Bollywood star Shah Rukh Khan has smashed his own box-office record. Jawan, released on Thursday, surpassed his last hit Pathaan to set a new benchmark for the highest opening-day collection by a Hindi-language film. Jawan netted ₹74.5 crore on its first day of sales, with ₹65.5 crore coming from the Hindi version and the remaining …