Tag: Rakesh Jhunjhunwala

  • Rakesh  Jhunjhunwala picks up Dish TV shares worth Rs 93 crore

    Rakesh Jhunjhunwala picks up Dish TV shares worth Rs 93 crore

    MUMBAI: Indian billionaire investor Rakesh Jhunjhunwala-owned Rare Enterprises on Wednesday picked up 1.30 crore shares in the direct to home service provider Dish TV. Following the move, the Dish TV India’s share price rallied as much as 3.5 per cent on Thursday morning.

    According to bulk deals data on the National Stock Exchange (NSE) website, the shares were purchased at Rs 71.30 per share. Total value of the deal stands at Rs 92.69 crore.

    Last month, Dish TV reported a consolidated net profit of Rs 118.21 crore for the quarter ending in March. In 2017’s first quarter, the company suffered a net loss of Rs 29.49 crore.

    However, the merger of Dish TV and Videocon was completed on March 22.

    “Financial numbers for the fourth quarter and fiscal 2018 are thus not comparable with the corresponding periods of the last year,” the company had said in a statement.

    Also Read:

    Merged Dish TV reports maiden numbers for fiscal 2018

    Dish TV offers SD channels at Rs 8.5 per month

  • Wealth creation conversation for women; BTVi hosts show with Jhunjhunwala

    Wealth creation conversation for women; BTVi hosts show with Jhunjhunwala

    MUMBAI: BTVi, India’s premiere English business channel, hosted the biggest wealth creation conversation of 2016 – Women & Wealth with Rakesh Jhunjhunwala, India’s most influential stock market wealth guru and ace investor. Union Textiles Minister Smriti Irani, in her capacity as the driving force behind the NGO – People for Change, Balaji Telefilms Jt. MD Ekta Kapoor were a part of the conversation to share their experience in this regard.

    The event which was anchored by BTVi executive editor Siddharth Zarabi along with Thomson Reuters presenter Radhika Bajaj brought together women business leaders, young women, aspiring entrepreneurs and women professionals across sectors on a single platform to discuss this topic.

    Jhunjhunwala said, “As women and wealth are synonymous, earning wealth by legitimate means holds utmost importance. I would suggest don’t try to time markets and have holding power in investments.”

    Irani said, “We need such insightful initiatives for better understanding of investment and wealth. We at People for Change, hope to strengthen women from all financial groups, to take responsible wealth decisions for themselves and their families.”

    Kapoor said, “I have been a risk taker myself in my earlier stages of financial planning. Women are management gurus, they manage home finances efficiently and have the ability to manage wealth as well. With responsible insights from people like Jhunjhunwala, women can outshine in wealth creation.”

    Zarabi said, “This initiative brought together women in business under one roof to educate them on how to take financial decisions. The show is aimed at equipping women with the right kind of information that would prepare and empower them to take specific steps towards planning their future and explore wealth creation opportunities.”

  • Wealth creation conversation for women; BTVi hosts show with Jhunjhunwala

    Wealth creation conversation for women; BTVi hosts show with Jhunjhunwala

    MUMBAI: BTVi, India’s premiere English business channel, hosted the biggest wealth creation conversation of 2016 – Women & Wealth with Rakesh Jhunjhunwala, India’s most influential stock market wealth guru and ace investor. Union Textiles Minister Smriti Irani, in her capacity as the driving force behind the NGO – People for Change, Balaji Telefilms Jt. MD Ekta Kapoor were a part of the conversation to share their experience in this regard.

    The event which was anchored by BTVi executive editor Siddharth Zarabi along with Thomson Reuters presenter Radhika Bajaj brought together women business leaders, young women, aspiring entrepreneurs and women professionals across sectors on a single platform to discuss this topic.

    Jhunjhunwala said, “As women and wealth are synonymous, earning wealth by legitimate means holds utmost importance. I would suggest don’t try to time markets and have holding power in investments.”

    Irani said, “We need such insightful initiatives for better understanding of investment and wealth. We at People for Change, hope to strengthen women from all financial groups, to take responsible wealth decisions for themselves and their families.”

    Kapoor said, “I have been a risk taker myself in my earlier stages of financial planning. Women are management gurus, they manage home finances efficiently and have the ability to manage wealth as well. With responsible insights from people like Jhunjhunwala, women can outshine in wealth creation.”

    Zarabi said, “This initiative brought together women in business under one roof to educate them on how to take financial decisions. The show is aimed at equipping women with the right kind of information that would prepare and empower them to take specific steps towards planning their future and explore wealth creation opportunities.”

  • Hungama raises $25 MN in funding round led by Xiaomi along with 3 investors

    Hungama raises $25 MN in funding round led by Xiaomi along with 3 investors

    MUMBAI:  Hungama has raised an investment of US$25M, led by smartphone company Xiaomi, along with existing investors Intel Capital, Bessemer Venture Partners and ace financial investor and Indian billionaire, Rakesh Jhunjhunwala.

    The company has constantly innovated and delivered differentiated, premium audio and video content to its consumers across web and mobile platforms, fuellng the company’s growth to becoming the largest overall digital platform in India. Hungama has over 65 million (6.5 crore) monthly active users across all its platforms, consuming a content base of over 3.5mn premium digital units across audio and video. 

    With this round of funding, Hungama will expand its content library and further invest in world class technology on its mobile app platforms Hungama Music for music and Hungama Play for premium video including movies, television and original series. Hungama will soon add over 1,500 hours of television content along with original content to its current Hungama Play offering of over 8,000 movies in English and 12 Indian languages.

    Speaking about the funding round,  Hungama Digital Media Entertainment founder and CEO Neeraj Roy said,  “India is adding 8 million (80 lakh) new consumers to the Internet each month with 90 per cent of digital consumption being driven by mobile. Young Indians love their music and movies and the mobile will be the most used screen for this generation. Content will drive the next phase of Digital India and we are delighted to partner with Xiaomi as we prepare to bring premium and original digital entertainment to a 100 million (10 crore) Indians before the end of this year.”

    Xiaomi vice president Hugo Barra said, “We think of smartphones as a platform for us to deliver Internet services, and this includes content. We are investing in Hungama not only to start integrating content into our smartphones, but also to grow together with them and deepen our understanding of the content sector in India. We have carefully selected Hungama because of what they are doing in terms of aggregating large amounts of content and delivering an amazing user experience.”

    Hungama Digital Media Entertainment chairman Rakesh Jhunjhunwala said, “I have been invested into Hungama for several years and participated in this new capital raise as I believe they have built an unique leadership position with the most compelling music and movie OTT service for South Asians globally that is ripe for growth as India will embrace broadband and 4G. We welcome Xiaomi as one of our partners.”

    Bessemer Venture Partners managing director Vishal Gupta said,  “We are excited about the leadership position that Hungama has built as being the one stop OTT platform across music, videos and movies. We are delighted to have Xiaomi as our partners and will accelerate our growth and leadership.”

  • Hungama raises $25 MN in funding round led by Xiaomi along with 3 investors

    Hungama raises $25 MN in funding round led by Xiaomi along with 3 investors

    MUMBAI:  Hungama has raised an investment of US$25M, led by smartphone company Xiaomi, along with existing investors Intel Capital, Bessemer Venture Partners and ace financial investor and Indian billionaire, Rakesh Jhunjhunwala.

    The company has constantly innovated and delivered differentiated, premium audio and video content to its consumers across web and mobile platforms, fuellng the company’s growth to becoming the largest overall digital platform in India. Hungama has over 65 million (6.5 crore) monthly active users across all its platforms, consuming a content base of over 3.5mn premium digital units across audio and video. 

    With this round of funding, Hungama will expand its content library and further invest in world class technology on its mobile app platforms Hungama Music for music and Hungama Play for premium video including movies, television and original series. Hungama will soon add over 1,500 hours of television content along with original content to its current Hungama Play offering of over 8,000 movies in English and 12 Indian languages.

    Speaking about the funding round,  Hungama Digital Media Entertainment founder and CEO Neeraj Roy said,  “India is adding 8 million (80 lakh) new consumers to the Internet each month with 90 per cent of digital consumption being driven by mobile. Young Indians love their music and movies and the mobile will be the most used screen for this generation. Content will drive the next phase of Digital India and we are delighted to partner with Xiaomi as we prepare to bring premium and original digital entertainment to a 100 million (10 crore) Indians before the end of this year.”

    Xiaomi vice president Hugo Barra said, “We think of smartphones as a platform for us to deliver Internet services, and this includes content. We are investing in Hungama not only to start integrating content into our smartphones, but also to grow together with them and deepen our understanding of the content sector in India. We have carefully selected Hungama because of what they are doing in terms of aggregating large amounts of content and delivering an amazing user experience.”

    Hungama Digital Media Entertainment chairman Rakesh Jhunjhunwala said, “I have been invested into Hungama for several years and participated in this new capital raise as I believe they have built an unique leadership position with the most compelling music and movie OTT service for South Asians globally that is ripe for growth as India will embrace broadband and 4G. We welcome Xiaomi as one of our partners.”

    Bessemer Venture Partners managing director Vishal Gupta said,  “We are excited about the leadership position that Hungama has built as being the one stop OTT platform across music, videos and movies. We are delighted to have Xiaomi as our partners and will accelerate our growth and leadership.”

  • Ki &Ka…..And not much else!

    Ki &Ka…..And not much else!

    MUMBAI: R Balki is known for bringing films way out of the ordinary formula framework. The good thing about him is his sincerity and dedication because of which he gets popular artistes to work in his films. This is a must for a maker’s film to be noticed, however good his theme may be. This time, Balki decides to trade roles between a man and a woman, both well educated. While the girl is well-placed professionally and has further ambitions, the boy hails from a huge realty developer family and shuns his family business.

    Arjun Kapoor and Kareena Kapoor are on a flight from Chandigarh to Delhi, sharing the same row with the middle seat being vacant. As soon as the flight takes off, Arjun gets emotional and starts crying. He remembers how his late mother used to clutch his hands tightly while flying because she was scared of flying and today happens to be her birthday. Kareena is told the cause. Both start getting familiar.

    Arjun is a topper in IIM as all film heroes are; before the IIM era, they used to stand ‘First Class First’. He is the only son of the biggest builder in Delhi. However, instead of following his father and inheriting his construction empire, he wants to emulate his mother whom he describes as an artist. His mother ran the household, cooked and that was her art.

    Kareena, on the other hand, is an executive on the corporate ladder always aiming at the next rung. Her mother, SwaroopSampat, a widow, is a social worker with an open mind.

    Arjun and Kareena are drawn to each other and realize they are in love. They decide to marry. Arjun’s father is not in favour of the marriage, while Swaroop blesses the couple. A deal is made. While Kareena will continue with pursuing her career, Arjun will manage the household, cooking and looking after both, Kareena and Swaroop.

    This has turned out to be a life changer for all the three concerned. Arjun keeps the house, cooks, cleans, shops and generally does everything a housewife does including attending kitty parties with other housewives. Of course, he is the life of these kitty parties.

    Kareena earns a promotion and as a result, media attention. She is all over the print and electronic media. Here, she is led to talk about her husband, Arjun, and what he does. Media attention turns to Arjun, as a man who runs the household. Overnight, he is a celebrity, on talk shows, on cookery shows, just about everywhere. His TRP rates much above that of Kareena.

    Jealousy replaces love. Kareena feels deceived and assumes that despite being the scion of a billionaire builder, he wants to live off her! Her tirade looks rather forced and unconvincing. Her venting her anger sans logic, looks silly. But, then, the couple’s love has survived by saying sorry multiple times. It is not going to be different on this occasion. Predictably, Arjun’s big-shot father too realizes the value of having a family.

    Meanwhile, Jaya Bachchan has watched Arjun talking on TV and is mighty impressed. She calls him over for dinner with Amitabh Bachchan present. What was this sequence about? It is inconclusive despite both debating Arjun’s way of life.

    Balki may have tried a new story but the content ispredictable. The story lacks twists and turns and efforts are made to make it a light entertainer towards which end it works in parts. Direction is fair to say that it skips melodrama for most part, and sticks to linear treatment. The film finds no slots for music.

    Although just 126 minute in length,the film surely needs some trimming. The cinematography is pleasant. The Arjun and Kareena match does not quite jell despite their age difference having been made clear in thenarration. Arjun is okay while Kareena looks good with no major scenes to steal. Swaroop provides an excellent foil to the two.

    Ki &Ka is a slow opener and carries a very limited appeal for a section of the audience and the compulsive moviegoer types.

    Producers: Sunil Lulla, Rakesh Jhunjhunwala, R K Damani, R Balki.
    Director: R Balki.

    Cast: Arjun Kapoor, Kareena Kapoor, SwaroopSampat, Rajit Kapoor and cameos by Amitabh and Jaya Bachchan.

     

  • Ki &Ka…..And not much else!

    Ki &Ka…..And not much else!

    MUMBAI: R Balki is known for bringing films way out of the ordinary formula framework. The good thing about him is his sincerity and dedication because of which he gets popular artistes to work in his films. This is a must for a maker’s film to be noticed, however good his theme may be. This time, Balki decides to trade roles between a man and a woman, both well educated. While the girl is well-placed professionally and has further ambitions, the boy hails from a huge realty developer family and shuns his family business.

    Arjun Kapoor and Kareena Kapoor are on a flight from Chandigarh to Delhi, sharing the same row with the middle seat being vacant. As soon as the flight takes off, Arjun gets emotional and starts crying. He remembers how his late mother used to clutch his hands tightly while flying because she was scared of flying and today happens to be her birthday. Kareena is told the cause. Both start getting familiar.

    Arjun is a topper in IIM as all film heroes are; before the IIM era, they used to stand ‘First Class First’. He is the only son of the biggest builder in Delhi. However, instead of following his father and inheriting his construction empire, he wants to emulate his mother whom he describes as an artist. His mother ran the household, cooked and that was her art.

    Kareena, on the other hand, is an executive on the corporate ladder always aiming at the next rung. Her mother, SwaroopSampat, a widow, is a social worker with an open mind.

    Arjun and Kareena are drawn to each other and realize they are in love. They decide to marry. Arjun’s father is not in favour of the marriage, while Swaroop blesses the couple. A deal is made. While Kareena will continue with pursuing her career, Arjun will manage the household, cooking and looking after both, Kareena and Swaroop.

    This has turned out to be a life changer for all the three concerned. Arjun keeps the house, cooks, cleans, shops and generally does everything a housewife does including attending kitty parties with other housewives. Of course, he is the life of these kitty parties.

    Kareena earns a promotion and as a result, media attention. She is all over the print and electronic media. Here, she is led to talk about her husband, Arjun, and what he does. Media attention turns to Arjun, as a man who runs the household. Overnight, he is a celebrity, on talk shows, on cookery shows, just about everywhere. His TRP rates much above that of Kareena.

    Jealousy replaces love. Kareena feels deceived and assumes that despite being the scion of a billionaire builder, he wants to live off her! Her tirade looks rather forced and unconvincing. Her venting her anger sans logic, looks silly. But, then, the couple’s love has survived by saying sorry multiple times. It is not going to be different on this occasion. Predictably, Arjun’s big-shot father too realizes the value of having a family.

    Meanwhile, Jaya Bachchan has watched Arjun talking on TV and is mighty impressed. She calls him over for dinner with Amitabh Bachchan present. What was this sequence about? It is inconclusive despite both debating Arjun’s way of life.

    Balki may have tried a new story but the content ispredictable. The story lacks twists and turns and efforts are made to make it a light entertainer towards which end it works in parts. Direction is fair to say that it skips melodrama for most part, and sticks to linear treatment. The film finds no slots for music.

    Although just 126 minute in length,the film surely needs some trimming. The cinematography is pleasant. The Arjun and Kareena match does not quite jell despite their age difference having been made clear in thenarration. Arjun is okay while Kareena looks good with no major scenes to steal. Swaroop provides an excellent foil to the two.

    Ki &Ka is a slow opener and carries a very limited appeal for a section of the audience and the compulsive moviegoer types.

    Producers: Sunil Lulla, Rakesh Jhunjhunwala, R K Damani, R Balki.
    Director: R Balki.

    Cast: Arjun Kapoor, Kareena Kapoor, SwaroopSampat, Rajit Kapoor and cameos by Amitabh and Jaya Bachchan.

     

  • Bloomberg TV India unveils theme for Union Budget 2016

    Bloomberg TV India unveils theme for Union Budget 2016

    MUMBAI: The year 2016 brings with it sky-high expectations from the government with the Union Budget 2016.  Bloomberg TV India, part of the world’s largest financial news network has unveiled the Union Budget 2016 theme. The theme was unveiled by Rakesh Jhunjhunwala, partner at Rare Enterprises during the biggest market conversation of 2016 exclusively on Bloomberg TV India.

     

     While the roller coaster at global markets continue, Rakesh Jhunjhunwala is betting on a better year ahead for India and doesn’t expect the United States to slip into recession or China to collapse as it is being feared by many investors. Pointing out that the market fall was driven by fear and apprehension, the Warren Buffet of India remains bullish on the market.

     

    Holding a contrarian view on the world’s largest economy, Jhunjhunwala said there is no evidence that the US will grow slower in 2016 than 2015. No event has taken place to anticipate fall in US growth, he said exclusively to Bloomberg TV India. For Budget 2016, Bloomberg TV India will lay out a comprehensive line-up of special shows which will showcase the best-in-class insights from Business, Economy and Trading with overarching theme The Budget BET 2016.

     

    India is poised to take a giant leap towards attaining a holistic growth in the coming days. It’s all up to the finance minister to seize the moment in Budget 2016. For all the action, stay tuned to Bloomberg TV India all through February and March.

  • ET Now welcomes New Year with ‘Outlook 2016’

    ET Now welcomes New Year with ‘Outlook 2016’

    MUMBAI:  ET Now is all set to welcome the New Year with an array of exclusive programming that will help investors across classes to analyze the performance of the markets and business in the year gone by and more importantly devise their strategy for the year ahead.

     

    Along with the sound perspective of the channel’s anchors, global and national experts like ace investor Rakesh Jhunjhunwala, market expert Ramesh Damani, Energy Consultants founder and chairman of FGE Dr. Fereidun Fesharaki, opinions from Morgan Stanley, Aberdeen Asset Management and other leading firms will also be featured through the week starting 25 December 2015 on Outlook 2016. The key highlight of the series is that the interests of investors across the spectrum will be addressed to ensure an authoritative point of view, reliable perspectives and overall sound investing advice.

     

    The Outlook 2016 special line up includes:

     

    TOP 10 OF 2015: ET Now will capture the headliners of 2015 through Top 10 of 2015. Anchor Supriya Shrinate will take the viewers through a roundup of all the major events, news and policies that impacted the financial circles during the year.

     

    Brand Equity Special: Ace anchor and host of the show, Sonali Krishna does a quick recap of everything that happened in the world of Marketing and Advertising in this special episode. Look out for all the stalwarts of the industry looking back at all the hits, misses and everything in between

     

    Big Bull on 2016: ET Now’s Financial Markets Chief Editor Nikunj Dalmia, will be seen in exclusive in a one-on-one conversation with Rakesh Jhunjhunwala to get him to share some expert views on why the year 2016 is slated to be the Mother of All Bull Runs.

     

    Market Makers Special: ET Now’s Nikunj Dalmia will speak to Ramesh Damani about his ideas, mantras and top tips for the New Year on market makers special.

     

    Global Outlook 2016: To answer every possible query on the global investor front, ET Now anchor Tanvir Gill will be seen interacting with elite global fund managers and market experts in a 5-episode series on Global Outlook 2016.The experts will share their thoughts on investor expectation for the year, the reforms and policies which could possibly attract international investments that drive the economy.

     

    The Big FII View: Tanvir Gill will present investment ideas on her show, The Big FII View. The views and ideas will be something unique as they will be coming in from scholars hailing from Aberdeen Asset Management, which is one of the biggest foreign institutes currently.

     

    Brokerage View– Morgan Stanley: Morgan Stanley is a name that needs no introduction and ET Now anchor Niraj Shah will bring a comprehensive 360-degree view on factors influencing the markets across multiple aspects directly from this leading investment house.

     

    View from the Deck: As we set sail off the shores of Mumbai, we try and figure out how far away is the horizon for Indian equities. Catch a slew of experts analyze the year ahead for equities as an asset class in 2016 with ET Now’s Ayesha Faridi.

     

    Investors Guide Special: To give a personalized view on finance for individuals, Faye D’Souza on a special episode of Investors Guide will lay down the path of different investment opportunities that viewers can look at.

     

    Hot Commodities Special: With the crude oil prices impacting the global economy and all asset classes, Dr. Fereidun Fesharaki, will interact with anchor Manisha Gupta and give his expert views on Hot Commodities.

     

    With the varied mix of programming catering to investors, influencers and anyone generally interested in the financial markets and the state of the economy, ET Now promises to capture the attention of all discerning viewers. Built on the foundation of speed, integrity and expertise, ET Now is all set to help the audience define their investing strategy for the year with the unique offering of Outlook 2016.

  • Rekha and Amitabh Bachchan together in ‘Shamitabh’

    Rekha and Amitabh Bachchan together in ‘Shamitabh’

    MUMBAI: Award winning actor Dhanush, who made his debut in Bollywood with Raanjhana has just wrapped up the shooting of his second hindi film Shamitabh. The latest buzz is that, the film with Dhanush, Akshara Haasan and Amitabh Bachchan in lead will also star yesteryear sensation and an evergreen beauty Rekha.

     

    This was reveled by the Dhanush at the micro-blogging site Twitter, “LOOK whom I’m sharing screen space with, in Shamitabh. The one and only REKHA JI !!! #beautyforever,” he tweeted.

     

    Although it’s not clear whether they will have any scenes together, but Amitabh Bachchan and Rekha will be in a movie together after three decades.

     

    Shamitabh is an upcoming Hindi film scripted and directed by R Balki. The film is jointly produced by Sunil Lulla, R Balki, Rakesh Jhunjhunwala, RK Damani, Amitabh Bachchan, Abhishek Bachchan, Sunil Manchanda and Dhanush under their respective production banners. Ilaiyaraaja has composed the soundtrack album and background score for the movie, while cinematography was handled by PC Sreeram

     

    Shamitabh is slated to release worldwide on 6 Feburary 2015.

     

    Last seen together in Silsila, Bachchan and Rekha have co-starred in many movies in the past including like Immaan Dharam (1977), Khoon Pasina (1977), Ganga Ki Saugandh (1978), Muqaddar Ka Sikander (1978), Mr Natwarlal (1979) and Suhaag (1979). She has also dubbed for two Bachchan-starrers; she was Sridevi’s voice in Aakhree Raasta (1986), and also dubbed for Soundarya and Jayasudha in EVV Satyanarayana’s Bollywood debut Sooryavansham (1999)