Single-screen cinemas in small towns in the Hindi-speaking belt are continually receiving offers from developers to convert their properties into banquet halls, shopping malls and coaching centres as the theatrical business fails to deliver returns. Original Hindi films, with the exception of period drama Chhaava, have barely brought any returns at the box office over the…
Global private equity firm Blackstone has outbid two others in its bid to acquire medical revenue cycle management (RCM) firm AGS Health, two people with knowledge of the deal said. The acquisition is likely to value the company at $1.2-1.3 billion, the people said on the condition of anonymity. The other two bidders were Vitruvian…
New Delhi: India has called for equitable access to energy resources globally as countries look for energy security amid geopolitical tensions. Union minister for power Manohar Lal told a Brics energy ministers’ meeting in Brazil on Monday that energy security is one of the most pressing challenges and emphasized the need to strengthen cooperation in…
HT Media Ltd, the publisher of Mint and Hindustan Times newspapers, swung to a ₹51.36 crore profit in the quarter ended 31 March from a loss of ₹31 lakh a year earlier. Revenue from operations in the fourth quarter stood at ₹513.57 crore compared with ₹464.41 crore in the same period a year ago, HT Media said in…
India’s existing SPR capacity stands at 5.3 million tonnes, enough to meet just 9.5 days of the country’s crude oil needs. But as of October 2024, only 3.6 million tonnes were stored in the underground caverns, leaving a significant gap. Officials said the government is now looking to replenish the reserves, with Brent crude trading…
Bundling through services like Prime Video Channels has helped many platforms reach beyond their core linguistic audiences. For instance, Apple TV+ is now accessible to users outside its traditional, urban, upmarket base, while names like hoichoi and Chaupal are being discovered by non-Bengali or Punjabi viewers. “Aggregation has proven instrumental in expanding our footprint beyond…
Magnet-free motors and options to replace the rare earth magnet supply chain are among the solutions that the industry and the government have discussed to ensure that the production of EVs is not disrupted. Officials in the ministry of heavy industries, the nodal ministry for EV incentive schemes, discussed the possibility of nudging manufacturers to…
New Delhi/Mumbai: India’s top automotive companies have knocked on the doors of the commerce ministry over concerns that disruptions in the supply of rare earth magnets from China could potentially bring their production lines to a stop. Representatives from the Society of Indian Automobile Manufacturers (SIAM) and the Automotive Component Manufacturers Association of India (ACMA)…
Banks, non-bank lenders and financial institutions may get to invest up to 10% in the corpus of alternate investment fund (AIF) schemes, in a relief for the sector that faced a central bank clampdown in December, 2023. There will be no restriction on regulated entities (REs) such as banks for investing up to 5% in…
Multiplex chain PVR Inox is looking at uncharted territories or markets with no cinema theatres for its next phase of growth. The company is collaborating with developers in territories such as Leh in Ladakh, Machilipatnam in Andhra Pradesh and non-metro towns of West Bengal and south India to open low-cost cinemas with basic facilities such…