Search Result for : Indian Film Industry

The Dollar Business Bureau  With a huge demand for investment in the infrastructure, India is looking for investors globally and London would prove to be natural destination, said Nikhil Rathi, Chief Executive Officer, London Stock Exchange (LSE). “So, India is a fastest growing economy in G-20, growing at 7% a year. There is huge demand for infrastructure investment in India, and it is going global and looking for global investors and London is proving to be natural place for it,” Rathi said. The LSE witnessed the listing of Rs.7,000 crore worth of bonds on Thursday and Friday. India’s Road Transport Minister Nitin Gadkari has launched NHAI bonds worth Rs.5,000 crore on Thursday. Piyush Goyal, Power, Coal and Renewable Energy Minister, has launched the trading of papers on Friday worth Rs.2,000 crore from NTPC ...

The Dollar Business Bureau American private equity company Warburg Pincus said on Wednesday that it has acquired about 14% stake in the Indian multiplex chain PVR for around Rs.820 crore. “Affiliates of Warburg Pincus have acquired an equity stake of approximately 14% in PVR, India’s largest film and retail entertainment company for approximately Rs.820 crore,” the company said in a statement. The stake is being bought from the affiliates of private equity company Multiples, who will continue to be a long-term investor with equity stake of 14% and the present promoters who will remain to lead the business and continue to be the largest stakeholders with a shareholding more than 20%, it added. Ajay Bijli Chairman and Managing Director, PVR said, “The multiplex industry in India ...

The Dollar Business Bureau India’s movie industry’s gross box office realisations may touch $3.7bn by 2020, predicted Deloitte Indywood Indian Film Industry Report which was released at the Ramoji Film City, Hyderabad today. The report detailed that revenue wise the Indian film industry is growing leaps and bounds. In Dec 2015 the industry grossed $2.1 billion and is expected to grow at 11% CAGR predicted to touch a whopping $3.7 bn by 2020. The Indian film industry is the largest in the world in terms of number of films produced with around 1,500 to 2,000 films produced every year in more than 20 languages. Yet the industry’s gross realisations has been substantially low than its counterparts in other countries. “The box office realisation in ...

The Dollar Business Bureau South American nation, the Republic of Suriname, will establish an exclusive corridor for furniture design in the city of Hyderabad for exporting furniture to Latin American (LatAm) nations. This is the second such furniture corridor in India to be established on the lines of the first one in Kolar (Karnataka). The corridor will start and be functional in the next 6 months. This was revealed to the media on Friday by Asif lqbal, Honorary Consul of Republic of Suriname (for AP, TS and Karnataka). “The Republic of Suriname is working along with the government run design school, National Institute of Design (NID), for partnership,” he added. He was speaking to the newspersons on the sidelines of the opening ceremony of ...

By Pooja Jain & Sairaj Iyer Last Friday, the opening collections at the box office for many releases was very gloomy. The only film that garnered huge collections was Hollywood’s Independence Day: Resurgence. The science fiction collected whopping Rs.4.70 crore. It easily left behind Anurag Kashyap’s thriller flick Raman Raghav 2.0, which managed to collect to Rs.1.10 crore on opening day. Meanwhile, Amitabh Bachchan starrer ‘TE3N,’ which was crushed by Hollywood’s Conjuring due to same day release, earned Rs.17.79 crore, while Conjuring managed to mint Rs.53.78 crore in India. The trends have changed; Hollywood has got more to offer to the Indian market. In 2005-06, Hollywood’s share at the Box office was 5%, whereas dependency on Bollywood flicks was 85%. However, since 2015, the ...

Sai Nikesh | The Dollar Business Arun Jaitley, Union Minister of Information and Broadcasting (I&B), Government of India, on Friday chaired a Consultative Committee meeting of the I&B Ministry to discuss the issue of “India as a soft power –As a Filming Destination”. Speaking at the meet, Jaitley said, “Promoting India as a soft power and filming destination will not only project the growth of Indian Film Industry, but also boosts Indian Tourism sector, by drawing huge tourist inflows into India from the foreign nations. The Minister further said that in order to make India a filming destination or a soft power, there is a need to give a ‘Brand Push’ to the concept by promoting key features of India’s professional ...