Crisil has downgraded its rating on long-term bank facilities and non-convertible debentures (NCDs) of PVR Ltd to AA-minus negative from AA negative.
Delhi, along with Maharashtra, is among the top two markets for theatrical business
The Maharashtra government has announced lockdowns during the weekends and fresh curbs on weekdays.
Amid second wave of Covid-19 in India, analysts believe investors will be better off if they avoid QSR, multiplex, or travel-related stocks till the situation improves
Trends among sectoral indices remained muted with the Nifty PSU Bank, Metal, and IT indices ending up to 1.5 per cent higher on the NSE.
Multiplex major PVR plans to invest Rs 150 crore to open up to 40 screens across the country in the next fiscal
Multiplex major PVR plans to invest Rs 150 crore to open up to 40 screens across the country in the next fiscal.
The move comes as film producers line up big releases between April and December
With this opening, PVR now operates 844 screens at 177 properties in 71 cities
The company has a strong pipeline of star-studded Indian and regional films along with foreign language films and expects the second half of FY 2021-22 to be even better than the pre-Covid
Renuka Ramnath-led Multiples Private Equity sold nearly 12 lakh shares of multiplex chain operator PVR worth Rs 179 crore through open market transactions
The QIP witnessed an allotment of over 55.55 lakh equity shares to eligible qualified institutional buyers (QIBs) at a price of Rs 1,440 apiece
State-owned Coal India's coal production declined by 4.1 per cent to 60.5 million tonne (MT) last month
Aditya Birla Fashion and Retail (ABFRL) has announced a strategic partnership with designer brand Sabyasachi
Business Standard brings the top news of the evening
In the December quarter, PVR posted a net loss of Rs 49.10 crore as it continued to be impacted by the Covid-19 pandemic
Net loss in the September quarter was Rs 184 crore; December quarter saw re-opening of multiplexes as part of unlock
Voting on DHFL bids by committee of creditors ends today
Overall, market breadth remained in the favour of the bulls with nearly two stocks rising against a stock that declined at the bourses
Inox Leisure and PVR were trading higher for the fifth straight trading day, gaining 21 per cent and 13 per cent, respectively, during the period