"I am interested in this team and to that extend, we are having a business meeting to take forward our interest in acquiring stake in Kochi Tuskers. The first meeting is to take place in Mumbai on the 22nd of this month," Priyadarshan told us.
Priyadarshan, who is the newly appointed chairman of the Kerala State Chalachitra Academy (Motion Picture Academy of the Kerala State), added: "It is basically my friends who are not in the film industry. Yes, we are serious in this, but then it depends on things like what is going to be the money involved and also the returns associated with it."
Cricket has been a passion for him since childhood, he says.
Priyadarshan was also roped in to direct the promo video of Kochi Tuskers when the team got the green signal to be one of the two new teams along with Pune Warriors for the fourth edition of the IPL.
The acclaimed director, who shifted to Bollywood after a successful run in the south, was circumspect about speaking on his innings as the Kerala film academy chief.
"It is just a day since I took over as the chairman and I am not going to make any claims about what I will do as chairman and what I won't. I will speak after I see for myself how the system in the academy works," said the director, who is busy finishing his first Malayalam film in eight years.
And not surprisingly he has teamed up with his lucky charm, superstar Mohanlal, in the comedy flick 'Arabyium, Ottakavum P. Madhavan Nairum', which is slated for release on October 26.
ACC Ltd has announced the following results for the quarter ended March 31, 2011:
The Unaudited results for the Quarter ended March 31, 2011
The Company has posted a net profit of Rs 3506.644 million for the quarter ended March 31, 2011 as compared to Rs 4051.287 million for the quarter ended March 31,
2010. Total Income has increased from Rs 21627.037 million for the quarter ended March 31, 2010 to Rs 24650.820 million for the quarter ended March 31, 2011.
"The Consolidated Results are as follows :
The Unaudited consolidated results for the Quarter ended March 31, 2011
The Group has posted a net profit of Rs 3501.724 million for the quarter ended March 31, 2011 where as the same was at Rs 3928.790 million for the quarter ended March
31, 2010. Total Income is Rs 26255.846 million for the quarter ended March 31, 2011 where as the same was at Rs 23012.533 million for the quarter ended March 31, 2010.
The results for the quarter ended March 31, 2011 are not strictly comparable with the corresponding previous period due to the following:
i) 100% Investment In Encore Cement & Additives Pvt Ltd w.e.f. January 28, 2010.
ii) 45% Investment in Asian Concretes and Cements Pvt Ltd w.e.f. April 01, 2010.
iii) The ACC Concrete Ltd, a wholly owned subsidiary of Company has acquired 40% stake in Aakaash Manufacturing Pvt Ltd for a total consideration of Rs. 550 Lakhs, a
Company engaged in manufacturing of Ready Mixed Concrete.
The effect of the operations of these entities on the result is not significant."
Future ventures is planning to hit the capital market with its initial public offer (IPO) in the last week of April 2011. The company is planning to raise Rs. 750 crore from IPO. The company earlier in 2008 had also filed documents with SEBI for the IPO to raise approx Rs 3,700 crore prior to financial crisis. But the adverse market conditions forced the company to withdraw the IPO plan. The second DRHP has some changes from earlier one; the first DRHP said the company wanted to invest in consumption-led sectors. The second one has narrowed its focus to FMCG, fashion, food processing, home products, rural distribution and education. According to K K Rathi, CEO, Future Ventures, the major part of the fund what the company is raising will be used in acquiring new businesses, and a small part will be used in growing exixting businesses.
Kishore Biyani’s Future Group is holding 60% stake in the company, while media house Bennett Coleman holds 10 per cent. Rest of the stake is held by individual investors.
The consolidated losses of the company had decreased to Rs 21.34 crore in 2009-10 from Rs 55.60 crore in 2008-09. The company’s total income had increased by 36 per cent to Rs 177.91 crore in 2009-10 from Rs 130.64 crore in 2008-09.
The Rs 12,000 crore follow-on public offer (FPO) by Oil and Natural Gas Corporation (ONGC) is likely to hit the market in June this year. The FPO is expected to fetch the government almost a third of its Rs 40,000-crore disinvestment target.
Originally scheduled to take place in March, the FPO was delayed because of inability of ONGC to meet SEBI’s listing norm of having an equal number of functional and independent directors on its board.
"The oil ministry has indicated that the issue (of independent directors) will be resolved soon," a finance ministry official said. "We are hopeful of bringing out ONGC issue around last week of June."
"We will have (the share sale of) Power Finance first, followed by Sail or ONGC," Disinvestment secretary Sumit Bose said. The government, which presently owns 74.14% of ONGC, aims to sell 5% of its stake in the company.
The folks at NMA (Next Media Animation) News have done it again, with another animated parody using their normal animation style. Their latest subject is the set of new developments in the Paul Ceglia and Facebook / Mark Zuckerberg dust-up.
Ceglia sued Zuckerberg in July of 2010. He claimed that in 2003, Zuckerberg had agreed to give him a 50 percent ownership in the project that became Facebook [Ceglia and the Winklevoss twins should talk; this may end up being "The Social Network 2"]. Ceglia also said that due to a provision in the deal, Ceglia "would acquire an additional 1 percent interest in the business, per day, until the website was completed." The suit said that by February 4, 2004, Ceglia's stake in Facebook totaled 84 percent.
While there was much skepticism over Ceglia's claims, particularly since he waiting so long to file, as well as the fact that he was a convicted felon, Ceglia has produced more than a dozen emails purportedly between himself and Mark Zuckerberg, ranging from July 2003 to July 2004, the year in which Facebook was founded.
The emails are represented by seagulls in the video, perhaps because of the nautical theme at the beginning of it. What the animated version Zuckerberg does to them is a little over-the-top (but humorous), however. Watch it.
Yesterday, we had reported that Priyanka Chopra might essay the lead actress opp Aamir Khan in Dhoom 3. But, the latest we hear is that Katrina Kaif has finally been roped in for the female lead.
There was a tough competition between Deepika Padukone, Katrina Kaif and Priyanka Chopra. But Kats, beating the other contenders, clinched the meaty role. Aamir Khan and Katrina Kaif will be joining Abhishek Bachchan and Uday Chopra – thus forming the whole cast of Dhoom 3.
If news is to be believed, Aamir won’t be charging his usual fee for Dhoom 3. Instead, he will have a stake in the profits of the film. He will have a total of 33% stake in the profits of the film. This will be the first time that YRF has permitted such sharing.
ONGC FPO is likely to hit market by March 15. ONGC will file a red herring prospectus (RHP) by February 20. The government plans to raise Rs 13,000 crore (Rs 130 billion) through sale of 5% stake in ONGC.
"A tentative schedule has been drawn for the follow-on public offer, as per which the first road show will be held in Chennai on February 2 and the public offer will hit the market on March 15," the official said after the kick off meeting of the FPO on Monday.
Government's Shareholding in ONGC would come down to 69.14% from the current 74.14% after FPO. As a precursor to the share sale, ONGC will split equity shares with a face value of Rs 10 each into two shares of Rs 5 each.
For FPO ONGC has appointed two international auditors DeGolyer and MacNaughton and Gaffney, Cline and Associates to certify the company's oil and gas reserves.
State-owned Power Finance Corporation is likely to come out with its follow-on public offering early next fiscal, Government officials said.
The Centre intends to disinvest 5% stake in Power Finance, while the company would issue fresh shares to the tune of 15%.
The company has already invited applications to appoint up to four lead managers to advise it on the timing and other aspects of the proposed issue.
Power Finance Corporation, which is engaged in funding power generation, transmission and distribution projects, plans to use the funds from the issue to finance existing loans and future lending activities.
The Government holds 89.78% stake in the firm. It had divested a 10% stake through an initial public offering in 2007.
You needn't feel sorry for Microsoft CEO Steve Ballmer. He lost half of his annual bonus earlier due to the poor performance of Microsoft's Windows Mobile products as well as a lack of adoption of new form factors (tablets). However, the stock he has recently sold more than made up for that loss.
After Microsoft's fiscal 2010 ended, he received a bonus of $670,000. He could have received $1.34 million, however. That amount is nothing compared to his recent Microsoft sales, of $1.3 billion worth of shares in the company. In doing so, Ballmer cut his stake in the company by about 12 percent.
According to a filing to the SEC on Friday, Ballmer sold 49.3 million Microsoft shares in the last three days, at prices around $27 per share.
Ballmer was quick to note that the sale of stock has nothing to do with a lack of confidence in the company. In a statement on the company's website, Ballmer said:
"Even though this is a personal financial matter, I want to be clear about this to avoid any confusion. I am excited about our new products and the potential for our technology to change people's lives, and I remain fully committed to Microsoft and its success."
Ballmer said he plans to sell up to 75 million shares by the end of this year, to diversify his investments and plan for taxes. If he does, he would reduce his stake by a total of 18 percent.
Before his recent sales, Ballmer had held 408 million shares of Microsoft stock. As of Friday, he still held about 359 million Microsoft shares, or 4.2 percent of the company, worth about $9.6 billion. Chairman and Microsoft co-founder Bill Gates is the only larger shareholder, with about 621 million shares, or 7.2 percent of the company.
from Cool Wallpapers – The Hollywood Babes Gallery !!!by FunBath
She may be out of jail and court-ordered rehab, but between probationary hearings and pending lawsuits, Lindsay Lohan will still be seeing plenty of the inside of a courthouse in the upcoming months. According to Radar Online:
A trial date has just been set for a lawsuit regarding [Lindsay's] wild car chase in 2007. A woman named Tracie Rice claims she suffered emotional distress following the chase, after which Lohan was arrested on suspicion of drunk driving and being in possession of cocaine. The three men in Lohan’s car are also suing her, claiming they were kidnapped and that their lives were endangered. The trial will take place in Beverly Hills Court on January 31.
And speaking of cars and driving, Lindsay had a message for everyone about the importance of vehicle safety in her first tweet since being incarcerated last month:
Clearly… Paparazzi shouldn’t be allowed to take pictures or video while someone’s driving or at a stop light. 4every1′s sake
Um, clearly! You never know when some drunken celebrity whore high on cocaine might hijack a car full of hostages and engage in a high-speed chase in the middle of the night. Flashbulbs could really prove a distraction to the driver, especially when said driver is pursuing another vehicle at speeds of over a hundred miles an hour while simultaneously smoking a cigarette and texting. Is it really too much to ask you guys to stop and think for once in your life? Really! People’s lives are at stake here, you know!
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