Realty major DLF on Friday announced the sale of its remaining 7 screens of DT Cinemas in the national capital to Cinepolis India for nearly Rs 64 crore, thereby exiting the cinema exhibition business. DLF Ltd had in May entered…
Cinepolis Takes Remaining DT Cinema Screens
The seven screens still with DLF’s cinema chain, DT Cinemas, have been acquired by Mexican multiplex chain Cinepolis. DLF disclosed in a filing on the BSE exchange that the screens were sold for Rs 63.7 crore. The deal is subject…
Aries Group Initiating to Set Up High-end Screens in India
Dubai-based Aries Group of Companies is initiating setting up of a consortium of corporate firms and non-resident Indian (NRI) investors under a project to build 10,000 high quality cinema screens in various parts of the country. The project is estimated…
Cabinet Approves Law to Enable Shops, Malls, Restaurants to Stay Open 24×7
The Cabinet cleared the model Shops and Establishment Act that would allow cinema halls, restaurants, shops, banks and other such workplaces to be open 24X7. Officials said the model Act would also enable women to work during the night in…
1 in 10 Indian mobile searches are about cinema: Google
India is a nation of movie buffs with 1 out of 10 mobile searches in the country being related to cinema, technology giant Google said. The US-based company has now developed a “rich, immersive experience” for its ‘search’ product to…
PVR to Raise Rs 250 cr via NCDs
Multiplex chain PVR Ltd is looking to raise up to Rs 250 crore through issue of non-convertible debentures to fund various activities, including acquisitions. The company is seeking nod from shareholders to approve the matter at its annual general meeting…
USL Promotes Tom Atkison to Director of Technical Sales
USL, Inc. announced the promotion of Tom Atkison, to the position of Director of Technical Sales. In his new role, Tom will oversee the sales and marketing department. He will create and guide new sales strategies, further develop customer relations,…