Nitin Sood
Big Grid
Cinema industry welcomes lowering GST rates to 5% on food served in movie theatres
PTI -
The Goods and Services Tax (GST) Council, headed by the Union finance minister and comprising of representatives of all states and UTs, on Tuesday decided to lower the service tax levied on food and beverages consumed in cinema halls...
Retail Hub
PVR defers major capex plans amid pandemic
IANS -
As the coronavirus pandemic and the eventual lockdowns have brought the multiplex industry to a grinding halt, PVR has deferred a significant portion of its capital expenditure (capex) plans and it will reassess them once the shutdown is over...
Retail
PVR aims to double revenue; aims to clock Rs 4,000 crore in 5 years
Multiplex operator PVR is aiming to double its revenue to around Rs 4,000 crore and screen count to 1,000 across the country in next five years.
"Our strategy is to increase screen penetration in India. We are about 570 screens...
Retail
PVR to add upto 70 screens by fiscal-end, focuses on small-town India
Multiplex chain PVR Ltd recently announced the launch of its newly constructed 9-screen multiplex at VR Bengaluru, Whitefield. With this addition, PVR takes the Bangalore city tally to 57 screens across seven properties.
Spread across 61,140 sq ft of area,...
Retail
Digital media platform: Existential threat to cinema exhibition businesses?
Year 2013 marked the international calendar with a whopping 74 million registered internet users, thanks to a growing young population, urbanisation and upsurge of world-class quality education in India. The country bagged the spot of being the third largest...
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Latest News
The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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