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UMP is planning to produce around five films for south Indian audiences over the next three years
UTV Motion Pictures Plc is planning to produce films in south Indian languages and is looking for co-production proposals as well, said a top company official.
“We are definitely looking at the southern market as a key growth area. We are not looking at producing a whole host of films, but around five films in the next three years,” said Siddharth Roy Kapur, chief executive, UTV Motion Pictures (UMP).
However, he said that UMP’s focus would remain on Hindi films. “We expect a good potential from the south Indian market and are open to produce films and co-produce them as well,” he added.
Last year, the company co-produced ‘A Wednesday’ with actor Kamal Hassan, by remaking the Hindi film in Tamil and Telugu.
Over the next 12-15 months, UMP will be releasing about 15 films. ‘Rajneeti’, its much talked about film, directed by Prakash Jha, will be released in June 2010.
“We are planning to release 15 movies in the next 12-15 months, including ‘Delhi Belly’, a comedy co-produced with Aamir Khan Productions and also one with producer-director Vishal Bhardwaj,” said Mr Kapur.
Commenting on the impact of last year’s tussle between producers and multiplex operators, Mr Kapur said, “The strike between the two parties lead to bunching up of movies which got released together when the multiplexes opened. But now since there are fewer movies being released, each movie will get a better chance at the box office.”
In order to generate more revenues, UMP is using different release dates for various platforms such as theatres, direct-to-home (DTH) telecasts and home video. "We do a DTH release in four weeks after the theatrical release. Then we release the home video between six to eight weeks, followed by a satellite release in three months. We are working on shortening these timeframes as we move further," Mr Kapur added.
Last month, UMP tied up with Apple to release ‘Delhi 6’, one of its Hindi films, on Apple’s iTunes online library which allows users to download the movie for $9.99.
UMP, a unit of UTV Software Communications Ltd, is also working on cost rationalisation by keeping talent costs down, maintaining production efficiencies and by relying on home production.
Mirae Asset will allow purchase or redemption of units of its equity or fund of funds schemes through the BSE StAR mutual fund platform
Mirae Asset Global Investments (India) on Wednesday said that it has tied up with the Bombay Stock Exchange (BSE) to provide its investors the facility to transact in Mirae Asset Mutual Fund (MF) units through the new mutual fund platform of the Exchange.
"Mirae Asset's arrangement with the BSE will facilitate quicker settlement of transactions and provide a single window to investors," the company's chief executive, Arindam Ghosh, said.
The asset management company (AMC) will allow purchase/redemption of units of its equity/fund of funds schemes through the BSE StAR mutual fund platform, it said in a press release.
The BSE StAR MF is an electronic platform introduced by the BSE for transacting in units of mutual funds.
The schemes available for transacting on the BSE StAR MF platform are Mirae Asset India Opportunities Fund, Mirae Asset Global Commodity Stocks Fund and Mirae Asset China Advantage Fund, the release said.
Trading members of the BSE, who are AMFI-certified stock exchange brokers and also empanelled with the AMC can help investors to subscribe and redeem the mutual fund units using their existing network and order collection mechanism provided by the BSE.
Currently, the window for purchase/redemption of units on the Exchange will be available between 9am to 3pm.
Hiring activity of Indian corporates was up 17% in February with telecom and auto sectors leading the rebound, a report by leading job portal Naukri.com said, reports PTI.
Job portal Naukri.com's monthly Job Speak survey reflected renewed optimism among recruiters, with the new job index moving up to 947 in February compared to 808 in January.
This time the portal has introduced its new and expanded job index, which takes into account not only the jobs posted online by its clients but also those made by them with the help of the website's tele-calling team.
A year-on-year comparison of the job index shows a 14% growth in February this year compared to the same month last year.
"Recruitment activity accelerated in February, reflecting underlying strength and positive momentum in the job market. The 'cautious optimism' that pervaded throughout the last year and a half has evaporated as most industry sectors are now looking to hire," Info Edge chief operating officer Hitesh Oberoi said.
Hiring activity for the top 10 industry sectors saw positive growth last month with telecom registering a 27% growth in the reviewed month compared to the same month last year.
The recruitment in IT-software and auto sectors moved up by 24% and banking and insurance rose 14% in February, the report said.
The IT sector has been witnessing a rapid growth in hiring and this trend is also reflected in the demand for IT software professionals, where the functional area job index moved up 24% in February.
Professions in sales and accounts also witnessed an increase in hiring by 18%-19% in February over January, the Naukri.com report said.
Overall, the index seems to be moving in a robust manner with hiring moving up across all industry verticals, functional areas and cities.
Among cities, Hyderabad emerged most bullish on hiring, with the city-wise job index moving up 25% in the last month. Chennai witnessed a growth of 21%, Delhi 12% and Bengaluru 11% in February.
Hiring activity for Kolkata picked up 21% last month, after two successive months of dips in the index.