Shah Rukh Khan set to own another cricket franchise

October 26, 2015

New Delhi, Oct 26: After venturing into the IPL with Kolkata Knight Riders and the Caribbean Premier League with T&T Red Steel, Bollywood superstar Shah Rukh is all set to jump on the Master Champions League bandwagon.

sharukhThe actor is talks with the MCL organisers and is in the process of completing all the formalities.

Salman Khan's brother Sohail and veteran actor Sanjay Dutt too will be owners of MCL franchises.

"The series follows 18 matches beginning on January 26 and will be played in Dubai, Abu Dhabi and Sharjah. One team is owned by Dhoni's business partner, Arun Pandey," Sam Khan, Chief Executive Director of the league, told Mirror.

"We've been working on the project since three years and met Sanjay Dutt last month with the offer. He was excited to come on board. His wife, Manyata will be the co-owner of his team. Shah Rukh Khan and Sohail Khan are also finalising the terms of purchasing a team each," he further added.

The league will comprise of six franchises, named after zodiac signs. They will be captained by cricket icons Wasim Akram, Brian Lara, Adam Gilchrist, Mahela Jayawardene, Kumar Sangakkara and Virender Sehwag.

260 retired cricketers including Shoaib Akhtar and Brett Lee will be part of this league.

As a team owner, King Khan has been a two-time champion with KKR and won the CPL with T&T earlier in the year, suggesting he always bets on the right horse.

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News Network
April 19,2020

Mumbai, Apr 19: It is important to stay united and have faith in each other to fight the coronavirus pandemic, veteran lyricist-screenwriter Javed Akhtar said on Sunday, expressing concerns over the attack on healthcare workers and cases of communal tension in the country.

In a video shared by Akhtar's wife, veteran actor Shabana Azmi on Twitter, the writer urged people to stand together in this time of crisis.

"The country is undergoing a crisis at this point of time. To fight this crisis called coronavirus, it is important for us to be united. If we will keep suspecting each other or won't understand each other's intentions, there will be no unity, then how will we fight it?

"You must salute these doctors who are endangering their lives to test you. Unless you get tested, you will not know whether you have the disease or not. You can be treated only after that. It's a matter of stupidity that, I've heard, people are pelting stones on those doctors. This should not be done," Akhtar said in the 2 minute-long clip.

The 75-year-old lyricist also said that targeting a particular community defeats the goal of unity.

"I also hear that shops of a particular community are being shut, 'thelas' are being overturned or people are hit so that they can flee. This is not how unity works. We will have to believe each other. We all are citizens of this country," he said.

Akhtar appealed to the Muslim community to offer prayers from home in the holy month of Ramzan, which will begin from April 24 or April 25.

"I request all the Muslim brothers that now that Ramzan is coming, please say your prayers but make sure that this doesn't cause problems to anyone else. The prayers that you do in the mosque, you can do that at home. According to you, the house, the ground, this all has been made by Him. Then you can do your prayers anywhere," he said.

"Ensure that your speech, slogans and deeds don't create any suspicion in the minds of others. And to all the other citizens of the country, I'd say please have faith in each other, practice unity, don't resort to hatred. Only with the help of love and trust, we will be able to fight with the coronavirus," he added.

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Agencies
July 11,2020

New Delhi, Jul 11: The COVID-19 triggered restrictions on cinema exhibition industry have not only disheartened movie goers, but axed several thousand jobs and costed the industry an estimated ₹ 5,000 crore in revenue.

The sector has been one of the hardest hit due to COVID-19 pandemic and the subsequent restrictions implemented to curb its spread.

Presently, cinemas and multiplexes continue to remain in the list of prohibited activities under the Centre's Unlock 2.0 Guidelines.

In an interview to media persons, movie exhibition major Inox Leisure's Chief Executive Alok Tandon said, "The industry on an average collects about ₹ 1,000 crore a month of 'Box Office' and on an average generates about ₹ 500 crore a month of ancillary revenues."

"Keeping in mind that the lockdown has been effective for more than 100 days now, which is about 3.5 months, the cinema exhibition industry would have accumulated losses worth ₹ 5,000 crore so far."

According to Tandon, associated businesses such as pre and post-production, make-up artistes, graphics, film set fabrication, film crew, events, marketing, F&B services have all been impacted due to the restrictions.

"With the production and exhibition of movies coming to a halt, the industry was bound to witness some job losses," he said without divulging any estimates.

As per industry data, the multiplex industry in India employs more than 200,000 people directly and accounts for nearly 60 % of revenues of the film business.

On the way forward, Tandon elaborated that the industry expects to regain business momentum and sentiment post resumption of operations.

"We believe it will be a matter of a couple of blockbusters, and we will be back to our usual operational numbers," he said.

"We are rightfully relying on the unshakeable passion of the Indian movie lovers, who are yearning to step out and spend time enjoying the giant screen experience."

Furthermore, he cited that industry has sent representation to the Centre for immediate re-commencement of operations and a support package.

"We have requested for financial support in the form of salary subsidies during the lockdown period, interest-free loans for three years, exemptions from various taxes and duties, like 'GST, Show tax, LBETs and Property taxes' for a period of one year from the date of operations, waiver on electricity minimum demand charges for one year and auto renewal of licenses and permits for the next one year," he said.

"We have been talking to our mall developer partners and are working together with them to see through this phase."

However, even after re-commencement, the industry anticipates at least 3-6 months before things return anywhere close to normal.

"The cinema ecosystem is such that we will need all the aspects of the business to swing into action and fire together for us to see a resurgence, and we are highly optimistic about the same," he said.

In terms of global experience, Tandon pointed out that cinemas have started operating in more than 25 major countries, and some of those markets are witnessing a healthy response.

"India is a massive movie market and we are confident that the passionate and responsible movie lovers will turn up in huge numbers to enjoy their favourite form of entertainment and also follow the prevention guidelines at the same time, ensuring a safe and steady revival of the cinema exhibition sector," Tandon said.

The film exhibition industry in India is mainly comprised of single screen and multiplexes.

At present there are around 9,527 cinemas across the country, including 6,327 single and 3,200 multiplex screens.

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Agencies
February 25,2020

New Delhi, Feb 25: The Delhi High Court on Tuesday gave time to Directorate General of Civil Aviation (DGCA) to seek instructions on travel ban imposed on comedian Kunal Kamra.

Kamra approached the court against IndiGo which suspended him from flying with the airlines for a period of six months. Other airlines had also followed the suit in pursuance to this.

Justice Naveen Chawla said that the regulatory body should not have certified actions of airlines other than IndiGo to ban Kamra without conducting inquiry. The matter will now be heard on February 27.

Last month, IndiGo had barred the stand-up comedian for six months from using its services for allegedly portraying "unacceptable behaviour" onboard its flight.

The airline claimed that Kamra, while travelling on a Mumbai-Lucknow IndiGo flight, provoked a TV news anchor by asking questions over his news presentation style.

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