I have no plans to retire: Amitabh Bachchan

January 17, 2014

Amitabh_BachchanIndore, Jan 17: Megastar Amitabh Bachchan on Thursday said that he has no plans to retire from acting as he believes if he does so, he would fall sick.

"I have always been confronted with the question about why I am working at the age of 71. I feel that if I stop working, I will fell sick. For each one of us work is important as it keeps our mind and body busy," Amitabh said after receiving the Lifetime Excellence Award 2014 during the inaugural session of the Indore Management Association's (IMA) 23rd International Management Conclave.

"If I am satisfied with my work and start thinking that I have done the best acting of my life, then the actor in me will die. I always long to face a new challenge," he said.

In the 1990s, his family members and few other close friends advised him to take a sabbatical since he had worked a lot. Acting on their advise, he took rest and did not work for almost four years, he said.

"But later on, I realised that it was the worst decision of my life," he said.

Recalling the days when his company Amitabh Bachchan Corporation Ltd (ABCL) went bankrupt, he said, "During that period I walked into Yash Chopra's office and told him that I don't have any work and he offered me a movie. So I began working again".

"Later, I got an opportunity to host the show 'Kaun Banega Crorepati' (KBC) after which I paid back all my debt, with my own resources. Today, I feel good that I had to face all those difficulties during that period which had taught me lots of lessons," he said.

Responding to a question, Bachchan said, "I feel bad when people describe India as a developing country or a Third World country. I hate it. I believe that India has strength to become a First World nation on the basis of its youth power".

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News Network
March 19,2020

New Delhi, Mar 19: Days after being diagnosed with COVID-19, 'Oblivion' actor Olga Kurylenko said that she is better as her fever has now gone.

The 40-year-old actor took to Instagram to share the health update with a picture of herself wearing a face mask.

"Hello everyone! I'm feeling better today. My fever is gone! I hear people can't figure out where I currently am. I'm in London!," she wrote in the caption.

The 'Quantum of Solace' actor also shared details about coronavirus with her Instafam.

"How do I know it's coronavirus and not just a flu? I did a test for coronavirus which came back positive. What are the medicines that doctors prescribed as treatment? NONE!" she wrote.

"I was told to take paracetamol in case my fever was too high and if I was in too much pain. However, I do take vitamins and supplements. Please note that these vitamins do NOT cure coronavirus but only help the immune system be stronger in order to fight!" Kurylenko added.

She also shared a detailed list of medicines that she is taking to deal with the condition.

The 'Oblivion' actor joined the growing list of entertainment figures who have contracted the highly contagious virus on Monday.

Other Hollywood personalities who were earlier diagnosed with COVID-19 are superstar couple Tom Hanks and Rita Wilson. The celebrity couple has been discharged from the hospital and are under quarantine at their home.

Other celebrities that are currently battling with the coronavirus are music producer Andrew Watt, 'Game of Thrones' actor Kristofer Hivju, and actor Idris Elba.

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News Network
January 28,2020

Mumbai, Jan 28: A 33-year-old woman has written to the National Commission for Women (NCW) alleging that Bollywood choreographer Ganesh Acharya used to make her watch porn videos whenever she visited his office in Mumbai.

In a complaint filed with the police, the woman, an assistant choreographer, has alleged that Acharya and two women assaulted her during a function of the Indian Film and Television Choreographers Association (IFTCA) held in suburban Andheri on Sunday.

Besides Acharya, the complainant, Divya Kotian, has named Jayashree Kelkar and Preeti Lad in her complaint for assault, a police official said on Tuesday.

Calls made to Acharya for his reaction remained unanswered.

In her letter to the NCW, Kotian, a resident of suburban Bhayandar, claimed that Acharya forced her to watch adult videos whenever she visited his office.

In her complaint with Amboli police station, Kotian alleged that Acharya was demanding a commission from her for working in the film industry.

Kotian is also a member of the IFTCA.

Acharya, who was elected as a general secretary of the IFTCA, used to frequently call the complainant at the office in Andheri, the police official said quoting the complaint.

On January 26, when Kotian reached the IFTCA office, Acharya shouted at her and announced that she was being "suspended", he said.

Acharya grew furious after Kotian told him that she is a member of the IFTCA and allegedly asked his team member, Jayashree Kelkar, to slap her, the police official said.

"Kelkar and Preeti Lad hit me in public view which was captured on the CCTV," the complaint stated.

Police have registered a non-cognisable (NC) offence and investigating, the official added.

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News Network
June 9,2020

New Delhi, Jun 9: Multiplex operator PVR on Monday said it has cut salary across various levels, laid off employees and deferred increments during the lockdown to mitigate adverse impact of COVID-19 on the business.

The company said at present it is not generating any revenue from exhibition business and related activities as cinemas across the country are shut following the directions from the regulatory authorities.

According to the company, closure of screens during the lockdown will have a significant negative impact on profitability and liquidity.

PVR has taken measures to reduce its personnel cost, including salary cuts across various levels in the organisation during the lockdown along with "reduction in headcount by way of layoffs/retrenchment" to mitigate the adverse impact of COVID-19 on the business.

Moreover, the board of the company, in its meeting held on Monday has also approved plan to raise Rs 300 crore through rights issue.

"Since Cinema Exhibition is the only business segment, company is currently not generating any revenue from admissions, food and beverage sales or other revenue and cash flow from operations," said PVR in an update.

Beginning from March 11, PVR started closing its screens in accordance with the order passed by various regulatory authorities and within a few days most of our cinemas across the country were shut down, it added.

The company will continue to incur committed cash outflows, including employee salary pay-outs, other overheads as well as payments for older working capital.

"This has and will have a significant negative impact on profitability and liquidity during lockdown and even thereafter till business comes to normalcy," it added.

Further, once the cinemas are re-opened, we may not be able to run our cinemas at normal capacity utilisation levels on account of social distancing measures that cinemas may be required to follow as well as health concerns that the patrons may have, the multiplex operator said.

"On account of this, our revenue and cash flow generation may be impeded even once we are allowed to restart operations," it added.

The company has also deferred decision on on increments to reduce its cost, it added.

PVR has also written to developers for waiving rental and CAM (Common Area Maintenance) charges for the lockdown period.

It is in discussion with developers for reducing rentals post re-opening and has invoked force majeure clause in its agreements with them.

Besides, the company has raised additional borrowings from existing bankers to shore up liquidity.

"As of March 31, 2020 the company had cash and bank balance of Rs 316 crore. As on June 7, 2020 cash and bank balance is Rs 227 crore (including undrawn bank lines)," it added.

Over reopening of theatres, PVR said that the government has come out with a phase-wise schedule.

In these guidelines cinema halls have been kept in the third phase of re-opening, where dates will be decided based on assessment of the situation.

"We are in continuous engagement with all regulatory authorities and hope to receive the necessary permissions for restarting opening in the near future," it added.

Currently PVR operates 845 screens in 176 properties in 71 cities.

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