Business Standard brings you the top headlines on Monday
CLOSING BELL: Bharti Airtel, up 4 per cent, was the top gainer on the Nifty50 index, followed by Coal India, Axis Bank, Eicher Motors, ITC, SBI, ICICI Bank, HUL,IndusInd Bank, and Power Grid
Inox Leisure may see a medium-term bullish trend, if the stock upholds the rally above Rs 480 levels
In the merged entity, PVR promoters will have 10.62 per cent stake while Inox promoters will have 16.66 per cent.
From a macro angle, with the consumer behaviour change that has happened, content is getting consumed everywhere: Bijli and Jain
The combined entity will be named as PVR INOX Limited
Financial advisory firm Elara Capital has maintained a 'buy' call for both multiplex companies PVR and INOX Leisure.
PVR expects 3-4 per cent of its revenues from alternative content in the next two to three years
Movie theatre company PVR on Friday signed an agreement with real estate firm M3M India to set-up an 8-screen multiplex at 65th Avenue
'Had the last week of December not been impacted by Omicron and the ensuing restrictions we would have closed with even better numbers for December,' says CMD Ajay Bijli
The Delhi Disaster Management Authority, on Tuesday, ordered the closure of schools, colleges, cinemas and gyms with immediate effect
These stocks have corrected between 10-20 per cent over the last one month relative to benchmarks' 3 per cent fall. Here's a possible way forward for these stocks
The third movie in the Spider-Man series has garnered Rs 47.5 crore gross box office advance sales
Reliance Industries has decided to implement a Scheme of Arrangement (Scheme) to transfer Gasification Undertaking into a wholly-owned subsidiary (WOS)
The film exhibition major is currently experimenting with gaming and received a good response
The drive-in theatre, operated and managed by PVR Ltd, will be launched on November 5
Leading multiplex chain operator PVR Ltd on Friday reported narrowing of its consolidated net loss to Rs 153.13 crore for the second quarter ended September 30, 2021. The company had posted a net loss of Rs 184.06 crore in the July-September quarter a year ago, said PVR in a BSE filing. Its revenue from operations was up nearly threefold to Rs 120.32 crore during the quarter under review. It was Rs 40.45 crore in the corresponding quarter last fiscal when the screening business was completely closed last fiscal. PVR's total income was also up over twofold to Rs 275.21 crore as against Rs 110.61 crore of the corresponding quarter. Its total expenses were at Rs 460.68 crore, up 18.31 per cent in Q2/FY 2021-22 as against Rs 389.37 crore. "The Q2 results continued to be impacted on account of COVID-19," said PVR adding that "we continued our strategy on keeping the monthly cash burn rate low through various cost-saving initiatives and keeping adequate liquidity on our balance ...
Will start with Battlegrounds Mobile India (BGMI), the version of PUBG exclusively for India
Inox Leisure soared 18 per cent to Rs 412.20, while PVR surged 10 per cent to Rs 1,662 on the BSE in intra-day trade on Monday
The stock had recently high a fresh 52-week high at Rs 1,631.85 on the back of upbeat sentiment in media shares.