ASHISH KANAKIA
CBI files chargesheet against former CMD of BECIL, others in corruption case
The CBI has filed a chargesheet against former BECIL chairman George Kuruvilla and others for alleged bribery and fraudulent loan disbursal to TGBL. Kuruvilla, along with other officials, conspired to cheat BECIL of Rs 50 crore by disbursing a venture loan to TGBL, whose CEO, Prateek Kanakia, diverted funds and paid Kuruvilla a bribe.
Cineline India to focus on film exhibition biz expansion: CEO Ashish Kanakia
Cineline India Ltd plans to expand its film exhibition business as it achieves a net debt-free status following the sale of its Goa hotel for Rs 270 crore. The funds will be used to repay the company's entire debt, facilitating growth and enabling the addition of new screens.
Kanakia Group arm Cineline India sells hotel property in Goa for Rs 270 crore
Cineline India sold its Hyatt Centric hotel in Goa for Rs 270 crore to reduce debt and fund expansion. The company aims to achieve a debt-free status by repaying Rs 108 crores related to its film exhibition business. Cineline has monetized non-core assets worth Rs 351 crores to support growth and expand its MovieMAX brand to 77 operational screens.
Bhool Bhulaiyaa 3 Day 1 box office: Kartik Aaryan-Vidya Balan's horror comedy has a strong start amid positive reviews
Bhool Bhulaiyaa 3 and Singham Again are in a Diwali face-off at box office. Bollywood has huge expectations from both the franchise movies after a disappointing year, given the star-studded casts and established fan bases of both movies.
Singham Again vs Bhool Bhulaiyaa 3: Exhibitors bet on horror, action this Diwali
With "Singham Again" and "Bhool Bhulaiyaa 3" both releasing this Diwali, exhibitors anticipate recovering losses with their joint 6,000 screen presence. Trade experts predict a stronger opening for "Singham Again" with anticipated collections of Rs 40-45 crore, overshadowing the Rs 20-25 crore expectation for "Bhool Bhulaiyaa 3".
The reason old Bollywood movies like 'Gangs of Wasseypur' and 'Maine Pyar Kiya' are back in theaters
With new films underperforming, Bollywood is seeing successful re-releases of older films in theatres. Movies like 'Gangs of Wasseypur' and 'Laila Majnu' are drawing audiences who missed them initially, offering a nostalgic big-screen experience and helping exhibitors fill cinema halls.
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Buy Camlin Fine Sciences, target price Rs 180: Prabhudas Lilladher
The stock has made a higher bottom formation, and with high volume participation, this stock is in an upward trend along with a rising RSI.
Buy Camlin Fine Sciences, target price Rs 147: Axis Securities
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 384.80 crore, down 6.27 per cent from last quarter total income of Rs 410.54 crore and up 12.72 per cent from last year same quarter total income of Rs 341.38 crore.
Co-working startup Inspire Co-Spaces raises $4 million in seed funding
Inspire Co-Spaces will use the funding to support its expansion plans as the co-working startup aims to have 10,000 seats across India by the end of 2021.
Stocks in the news: ZEEL, Thomas Cook, CG Power, HDFC and Aurobindo Pharma
CCI has approved the restructuring of Apollo Hospitals Enterprise's pharmacy business
Kanakia Spaces ropes in Zinedine Zidane as brand ambassador for BKC project Kanakia Paris
"This is my first involvement in India directly and I am delighted to be a part of this project," said Zinedine Zidane, former captain of the French National football team.
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