Shah Rukh Khan named richer than Cruise in Hollywood-Bollywood rich list

May 21, 2014

Shah Rukh KhanNew York, May 21: Shah Rukh Khan is the lone Indian celebrity to make it to a list of the top ten wealthiest Hollywood and Bollywood personalities by beating stars like Tom Cruise and Johnny Depp.

The 48-year-old actor, who is the owner of an IPL team and acted in more than 50 Bollywood films, has come second on the Wealth-X`s list with an estimated fortune of USD 600 million.

Comedian Jerry Seinfeld has topped the rich list with a fortune of USD 820 million. Cruise is on third number with a fortune of USD 480 million while Tyler Perry and Depp are fourth and fifth respectively with an estimated wealth of USD 450 million each.

The list also includes several Academy Award winners including Jack Nicholson (USD 400 million), Tom Hanks (USD 390 million) and actor Clint Eastwood (USD 370 million).

Nicholson is at the number six followed by Hanks, Bill Cosby, Eastwood and Adam Sandler.

Wealth-X is world`s leading ultra high net worth intelligence and prospecting firm with the largest collection of curated research on UHNW individuals.

The research was done by using a proprietary valuation model to assess all asset holdings including privately and publicly held businesses and investible assets to develop the net worth valuation.

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News Network
March 19,2020

London, Mar 19: "Game of Thrones" star Indira Varma has revealed that she has tested positive for coronavirus.

Her diagnosis comes two days after fellow "Game of Thrones" actor Kristofer Hivju also said that he tested positive for the COVID-19 infection.

Varma, who played the role of Ellaria Sand in the epic HBO series, took to Instagram on Wednesday to share the news.

"I'm in bed with it and it's not nice. Stay safe and healthy and be kind to your fellow people," she wrote.

The 46-year-old actor was starring in the modern take of Anton Chekhov's play "The Seagull" in London's West End, alongside "Game of Thrones" alum Emilia Clarke.

The play is on hold due to the pandemic.

"So sad our and so many other shows around the world have gone dark affected by the Covid-19 pandemic. We hope to be back soon and urge you all (and the govt) to support us when we do. Phoenix/ Seagull rising from the ashes (sic)," Varma wrote in her post with photos from the rehearsals.

Varma and Hivju join Tom Hanks, Rita Wilson, Idris Elba, Olga Kurylenko, and Rachel Matthews among the Hollywood celebrities who contracted the virus.

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News Network
July 26,2020

Mumbai, Jul 26: Just days after actor Kangana Ranaut made some claims on Sushant Singh Rajput's suicide case and asked why the Mumbai police is not summoning some people of the Hindi film industry, Maharashtra Home Minister Anil Deshmukh on Sunday said that film director Mahesh Bhatt and Karan Johar's manager will be called for the questioning.

"Tomorrow Mahesh Bhatt will be called for questioning and we will later call Karan Johar's manager too. If required Karan Johar can also be called for the questioning in Sushant Singh Rajput case," he said while speaking to news agency.

A day Rajput's suicide, Kangana had released a two-minute video speaking highly of the deceased actor and accusing certain sections of the film industry for not acknowledging the star's talent.

Kangana had also claimed that some of the last social media posts by the actor made it evident that he was struggling to survive in the industry.

According to the police, statements of 39 people, including film critic Rajeev Masand, director-producer Sanjay Leela Bhansali, and filmmaker Aditya Chopra have been recorded in the investigation so far.

Rajput was found dead in his Mumbai residence on June 14.

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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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