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The producers and distributors of ‘3 Idiots’, which collected over Rs100 crore in just four days from its opening, are going to add 12 more prints in the US by Friday and may even add six-seven more prints in India as well
Following the overwhelming response for the film ‘3 Idiots’ across the globe, its distributor Reliance BIG Pictures and producer Vidhu Vinod Chopra, have decided to add 12 more prints in the US market by Friday. They may even add six to seven more prints in India, say industry sources.
During the first four days of its release, ‘3 Idiots’, starring Aamir Khan and Kareena Kapoor, has garnered more than Rs100 crore from box-office collections.
Vidhu Vinod Chopra, the producer, said, “We have got reports from places like Australia that they have reduced 'Avatar' shows and increased those of ours (‘3 Idiots’).”
During its opening weekend, ‘3 Idiots’ collected more than $2.14 million in North America, $1 million in the United Arab Emirates (UAE), about $700,000 in the UK, $300,000 in Australia and New Zealand and $310,000 from the rest of the world.
The film, produced by Mr Chopra and directed by Rajkumar Hirani, was released in 2,126 screens, including 378 screens in the overseas market.
With the success of ‘3 Idiots’, Bollywood star Aamir Khan has proved himself once again. Earlier, there were reports that the production house was facing problems in striking a deal with distributors as the actor was demanding Rs100 crore for distribution rights.
Last year, Mr Khan sold the distribution rights of his blockbuster ’Ghajini’ for Rs93 crore. However, distributors were shying away from investing such a large sum this time because they were not sure about the box-office fate of Mr Khan’s latest release.
Producer Mr Chopra has reportedly signed a minimum guarantee deal worth Rs34 crore for the film in collaboration with Reliance BIG Pictures, the movie distribution arm of the Anil Dhirubhai Ambani group (ADAG). Reliance BIG Pictures said that it had bought the distribution rights of the movie from the producers for an undisclosed amount.
R Ravimohan, who was handling the proposed acquisition of global petrochemical major LyondellBasell Industries, was rushed to hospital after he suffered a cardiac arrest while taking a walk outside his office
Reliance Industries Ltd's (RIL) executive director R Ravimohan died on Monday night following a cardiac arrest. Mr Ravimohan, aged 52, is survived by his wife Madhuralakshmi, daughter Hridaya and son Jagad. In September, he was appointed on the Board of directors of RIL.
In a release, RIL chairman Mukesh Ambani said, "We are deeply saddened by the sudden loss of Ravimohan. He was a keen supporter of Reliance Industries and a very dear friend. On behalf of all of us at Reliance Industries, I offer my heartfelt condolences to Ravi's family and many friends."
Mr Ravimohan, who was handling the proposed acquisition of global petrochemical major LyondellBasell Industries, was rushed to hospital after he suffered a cardiac arrest while taking a walk outside his office.
He was closely involved with the modernisation of the Indian financial system and pioneered the era of electronic stock markets in the country. Mr Ravimohan was involved in critical policy assignments including being a member of the Primary Market Advisory Committee of SEBI, Technical Advisory Committee and Financial Stability & Stern Test Assessment Committee of the Reserve Bank of India and the Raghuram Rajan Committee on Financial Sector Reforms.
Mr Ravimohan was a chemical engineer and had also completed an Advanced Management Program from Harvard Business School. He served as chief executive officer of the Over-the- Counter Exchange of India (OTCEI) from 1990 to 1994 and was also instrumental in setting up India's first electronic stock exchange.
He was also former chairman of CRISIL. Ravimohan served as region head of south and south-east Asia division and was managing director of Standard & Poor's Corp since May 2008. Mr Ravimohan served as country head of S&P India since 27 July 2007. He joined S&P in August 2007. He served as chief executive officer and managing director of CRISIL Ltd, a subsidiary of S&P, from 1994 to July 2007. He also served as director of CRISIL Risk and Infrastructure Solutions Ltd, CRISIL Credit Information Services Ltd, Gas Strategies Group Ltd, Irevna Ltd and Irevna LLC. He was director of India Index Services & Products Ltd, Crisil Research & Information Services Ltd, CRISIL MarketWire Ltd, CRISIL Properties Ltd and Global Data Services of India Ltd.
He also served as director of the National Commodity And Derivatives Exchange Ltd.
Mr Ravimohan also served as director of Whistling Woods International Foundation. He had a long initial career with ICICI Ltd in the areas of project appraisal, systems design, credit administration and merchant banking.
In line with the pickup in business growth, tyre companies are likely to make significant increases in their capex plans in 2010-11, to expand capacity and meet product demand
A healthy pickup in demand from the auto sector in the face of a visible economic recovery is likely to help the country's tyre industry to clock a 7% to 8% growth in FY11, reports PTI.
Also, in line with the pickup in business growth, tyre companies are likely to make significant increases in their capital expenditure (capex) plans in 2010-11, to expand capacity and meet product demand, top players said on Tuesday.
"The Indian tyre industry may grow at around 7%-8% at Rs27,000 crore in the next financial year from Rs25,000 crore presently, on the back of high demand from the automobile sector," AS Mehta, director (marketing), JK Tyre & Industries, told PTI.
JK Tyres, which is one of the leading players in the domestic market, is targeting a growth of 20% in the next one year. It has chalked out an investment plan of Rs1,200 crore over the next two years to expand production in its car and truck radial segment.
"Year 2010 is going to be a happening year for us. We plan to invest Rs1,200 crore over the next two years to increase car and truck radial production in India," Mr Mehta said.
Echoing a similar view, another leading tyre manufacturer Ceat Ltd said that it has targeted a revenue of Rs3,500 core in the next financial year.
"The industry is likely to grow over 7% and we are expecting over Rs3,500 crore revenues next year from both the domestic and global markets," said Ceat's executive director for marketing, Anarb Banarjee.
Ceat plans to set up a new plant by spending over Rs650 crore in the next financial year, besides expanding its existing plant in Nashik, he said.
"We will invest over Rs650 crore in 2010 to set up a new plant and will expand our existing plant in Nashik. The new plant is likely to start operations by September 2010," Mr Banarjee said.
The company expects the demand in the domestic market to pick up in the New Year and was hopeful of achieving a rapid growth in its business.