Page 7 - Pvr

Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR

Stocks to Watch: TCS reported 11 per cent YoY growth in Q3 net, while revenue beat analyst expectations at Rs 58,229 crore.

PVR aims to operate 1,000 screens by FY24-end, invest Rs 300 cr: JMD

Multiplex operator PVR aims to operate 1,000 screens by the end of FY24, by adding 100 more screens in the next 15 months, the company's Joint Managing Director Sanjeev Kumar Bijli said. The company, which on Monday achieved the milestone of 900 screens, would invest around Rs 300 crore to add another 100 screens, Bijli said. As part of the expansion, the company is entering into newer cities, especially in the south and east parts of the country, where it has a negligible presence. PVR is looking for smaller cities, which are unserved and have "high potential", said Bijli. When asked about expansion, Bijli said, in the current quarter, PVR would add 30 screens. Moreover, some of the screens which are currently under fit-outs would also be ready for operation in the March quarter. "We are now aiming to have 1,000 screens by FY24," said Bijli, adding, "the company would invest around Rs 300 crore to open 100 screens" in the next 15 months. Besides India, PVR has a small presence i

PVR-INOX merger should get done by Feb next year: Director Siddharth Jain

'We would love to have more players entering the market because that is how the business will grow'

Stocks to Watch: PNB, Tube Investments, Indian Oil, Laurus Labs, SBI, Lupin

Stocks to Watch: Punjab National Bank (PNB) on Thursday said it received the government's approval to divest its entire stake (15.22 per cent) in UTI Asset Management Company

Top Headlines: Air travel recovery stalls, India's iPhone exports & more

The post-Covid recovery in air travel in India has stalled, putting a question mark over the stretched finances of airlines

PVR sees superplexes as next blockbuster concept in cinema business

A regular multiplex typically has 4-5 screens per property. Larger ones may go up to 7-8 screens at a single location

Stocks to Watch:TCS, Keystone Realtors, Tata Power, Biocon, HG Infra, Adani

Stocks to Watch: Keystone Realtors will debut on the BSE and NSE today. The issue price has been fixed at Rs 541 per share

India's top multiplex chains bank on festive season to bring cheer back

A slate of flop Bollywood movies have hit India's top cinemas hard, leaving the industry to bank heavily on the current festive quarter to revive its fortunes

LIVE: Liz Truss resigns as UK PM after 45 days in office

A growing number of lawmakers have been calling for Truss to resign after weeks of turmoil sparked by her economic plan, announced last month

Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak

CLOSING BELL: The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each

PVR back in red, posts Rs 71-crore loss in Q2 amid Bollywood flop show

The September quarter had no major blockbuster apart from Brahmastra

Top headlines: Byju's raises $250 mn; ACC posts surprise Q2 loss

Business Standard brings you top news of the evening

Sensex zooms 491 pts, Nifty tops 17,300; PSBs soar, Electronics Mart up 42%

CLOSING BELL: Sectorally, the Nifty PSU Bank index climbed 3.6 per cent, Nifty Bank index 1.6 per cent, Nifty Financial Services and Private Bank indices up to 1.5 per cent

PVR posts wider-than-expected Q2 loss at Rs 71 cr; revenue jumps 71% YoY

Admissions and average ticket price during the quarter were impacted by the weak performance of Bollywood and Hollywood movies, PVR said in an exchange filing

Shareholders of PVR approve the proposed merger with Inox Leisure

The proposal was passed by over 99 per cent of the number of valid votes cast, PVR said

Multiplex chain PVR's shareholders approve merger with rival INOX Leisures

Multiplex operator PVR on Wednesday said it has received the nod from its shareholders for the scheme of merger with rival Inox Leisure. 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) The proposal was passed by over 99 per cent of the number of valid votes cast, said the scrutiniser's report of the meeting shared by PVR. In June this year, both PVR and Inox Leisure said they had received clearance for their merger from bourses NSE and BSE. On March 27, PVR and Inox Leisure announced the merger to create the largest multiplex chain in the country with a network of more than 1,500 screens to unlock the opportunities in tier III, IV and V cities, besides in the developed markets. The combined entity will be named PVR INOX Ltd with the branding of existing screens to continue as PVR and INOX. New cinemas opened post the merger will be branded as PVR INOX, the compa

PVR case: Sebi penalises 3 individuals for violating insider trading norms

Capital markets regulator Sebi has imposed fines totalling Rs 6 lakh on three individuals for violating the insider trading norms in the shares of PVR Ltd. The individuals - - Gautam Dutta (Noticee 1), NC Gupta (Noticee 2) and Pramod Arora (Noticee 3) -- were the designated persons/ employees of the company and are collectively referred to as noticees', Sebi said in an order on Friday. The order came after Sebi initiated adjudication proceedings against Dutta, Gupta and Arora while dealing in the shares of PVR allegedly in violation of PIT (Prohibition of Insider Trading) rules for the period April 2014 to March 2017. The regulator found that Dutta had conducted contra trades during the trading window closure period in the shares of PVR for which he did not take pre-clearances from the board of the company. Further, for some of the trades, he did not make disclosures, thereby violating the PIT regulations. In addition, Gupta did contra trades, for which no pre-clearance was taken f

Hope ad revenue to recover fully to pre-Covid level by Q4: PVR CEO

Brahmastra has done well for the cinema industry. It has put the Boycott-Bollywood movement to rest.

PVR to invest Rs 350 cr in 100 new screens; expects Inox merger by Feb 2023

Film exhibition company PVR Cinemas will invest up to Rs 350 crore to open 100 new screens in FY23, a top official said on Monday. 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. Pointing to the company's performance in the April-June quarter, he said patrons are coming back to halls to enjoy the cinema experience and the food and beverage sales are also up, which makes it more optimistic about expansion. "We will invest up to Rs 350 crore to open 100 screens in FY23. I see the same trend continuing in the next 2-3 years as well," Dutta said, stressing that the expansion will be a balanced one across geographies. About 60 per cent of the new screens will be in cities where the company already has a presence, while the rest will be in newer ones, he added. Locations, where it intends to expand, include Rourkela, Dehradun, Vapi, Chennai, .

Movie buffs celebrate silver screen's return to Kashmir after 3 decades

The inauguration was followed by a screening of the Aamir Khan-starrer Laal Singh Chadhha, viewed by an audience that included media persons, officials, guests and local residents.