Category: Company News

GMR Infrastructure Ltd today reported widening of net loss at Rs 235.14 crore in the first quarter ended June 30, 2018. The company had posted a net
Aug. 15, 2018, 3 p.m.

Multiplex chain PVR Ltd is eyeing Rs 500 crore revenue from South India-based SPI Cinemas, which the former is in the process of acquiring, by financial year 2019-20. SPI Cinemas, which operates 76 screens across 17 properties in 10 cities under several brands Sathyam, Escape, Palazzo, The Cinema, S2 Cinema, has reported revenue of Rs 309.6 crore in 2017-18. "We expect SPI Cinema acquisition to contribute Rs 500 crore revenue by financial year 2020. We also expect this acquisition to help us diversify content risk further with good mix of regional, Bollywood and Hollywood films," Kamal Gianchandani, CEO, PVR Pictures & Head of Strategy and Planning, told analysts in a conference call. Earlier this week, PVR announced it is acquiring 71.69 per cent stake in SPI Cinemas for about Rs 633 crore in an all cash deal. The company's board also approved the issuance of 1.6 million shares of PVR for the residual stake. The company said that acquisition is in line with the its continual ...
Aug. 15, 2018, 2:43 p.m.

Revenue from airports business was at Rs 12.46 billion as against Rs 18.92 billion in the same period last fiscal
Aug. 15, 2018, 2:29 p.m.

Etihad owns 50.1 percent of the loyalty programme, while Jet Airways owns the rest
Aug. 15, 2018, 1:39 p.m.

The service will be launched simultaneously across 1,100 cities for homes, merchants, small and medium enterprises and large enterprises
Aug. 15, 2018, 1:07 p.m.

IT services company Kellton Tech has registered a net profit of Rs 19.64 crore in the quarter ended June 30, 2018, as against Rs 14.47 crore, showing
Aug. 15, 2018, 10:33 a.m.

The Potential deal with Blackstone Group could value Jet Privilege between Rs 3,000 crore and Rs 4,000 crore
Aug. 15, 2018, 7:46 a.m.

Gati’s promoter Mahendra Agarwal owned a 24% stake in the company as of June 30. While it isn’t clear how much of that would be diluted, the planned deal could give an exit to overseas corporate shareholders such as Goldman Sachs, which owns about 7% in the company.
Aug. 15, 2018, 7:19 a.m.

Reliance Jio is offering special tariff plans for Reliance Jio Phone 2 users. These plans work only if the SIM card is in a Jio Phone
Aug. 15, 2018, 6:24 a.m.

That the September quarter is a lean one for airlines adds to SpiceJet woes, already aggravated by a weak rupee and higher crude oil prices
Aug. 15, 2018, 6:18 a.m.