Tag: Sanjay Dutt

  • Indifference of movie-goers

    Indifference of movie-goers

    *Bhoomi was chosen to be the re-launch vehicle of Sanjay Dutt on his return from serving a jail sentence. The subject could not have been a romance considering his age and the receding hairline. And, Munnabhai scripts are not something you picked off the shelf!

    Omung Kumar earned fame with his direction of Mary Kom and, one must say, that very little of it he merited for his contribution to the film, most of it was media gifted which is to say, he has been overrated.

    Omung’s next was Sarbjit, which he also produced, which was a rank bad film. It seemed have been made with the intent of encashing Aishwarya Rai’s face forgetting most of the time about Sarbjit.

    But, for the sake of Sunjay Dutt, the idea of Bhoomi, a father daughter story worked.

    Considering all things, the director, Omung Kumar, made partly right decision, to cast Dutt according to his age, as the father of a girl of marriageable age. But, the rest of the decision was disastrous. That was to fall back on old-fashioned 1980s films churned out from South where the ‘izzat’ of wife, sister, bhabhi was compromised by the villains. The true hero was then expected to save his family honour.

    It made simple thrill seeking audience happy. Movie going has come a long way since.

    Bhoomi has turned out to be bad film with the opening response showing indifference of movie goer. The opening day was poor at about Rs 20 million with the Saturday and Sunday remaining stagnant as the film closed its opening weekend with Rs 66 million.

    *Worse choice for a maker was to opt for Haseena Parker. This shows a total lack of imagination let alone creativity. When creativity is nil, one looks for such short cuts just to stay afloat in the industry. After all, a film is made for the all India audience! And, how would they identify with a South Mumbai small lane woman who cashed in on the name of her brother, Dawood Ibrahim? Not many earlier and not now after the film.

    Shraddha Kapoor mouthing Urdu dialogue with a stuffed mouth comes across as a comedy! The film opened with poor collections of Rs 11 million, failing to improve much over the weekend and collecting Rs 41 million.

    Newton, an odd film about an honest officer wanting to conduct free and fair elections in a Naxal affected area, as expected, has an indifferent opening, but the release of the film coincided with the film’s selection as India’s choice for entry at the Oscars. And, that boosts the footfall for the film over the weekend with big leaps. The film, which opened at Rs 9 billion on Friday, had a huge jump in collections on Saturday of Rs 25 million and Rs 32 million on Sunday giving it a decent weekend of Rs 66 million.

    *Lucknow Central, a poor idea poorly executed, fails miserably. With a poor opening weekend of Rs 72.5 million, the film could manage to add just three crore for the next four days to end its first week with a total of Rs 103 million.

    *Simran, counting on yet another one-woman show from Kangana Ranaut, like Queen, had just about everything going wrong for it. From the script, to the characterisation of Kangana, to direction, just about everything.

    The film let the Kangana fans down as it ended its first week with a tally of Rs 145 million. It is another thing that had the film succeeded, it would have given some standing and credibility to the director Hansal Mahta, too.

    *Patel Ki Punjabi Shaadi has collected Rs 13 million for its one week. (The film’s weekend collection was Rs 7 million, and not 700 million.)

    *Poster Boys collects Rs 15 million for week two taking its two week total to Rs 122.5 million.

    *Daddy added Rs 11 million in its week two to take its two week total to Rs 75 million.

  • Bhoomi….80s revisited

    Bhoomi….80s revisited

    Bhoomi, directed by Omung Kumar, is a throwback to the 1980s era when the villain and his cohorts would rape a hero’s sister and he would take revenge against them. Except that, in Bhoomi, it is the daughter of the character of Sanjay Dutt, played by Aditi Rao Hydari, who is raped the night before her wedding and after surviving another rape and an attempt to kill her, she first breaks down completely as does her father but eventually systematically kills all the bad men.

    The biggest plus point of Bhoomi is that this film marks the return of Sanjay Dutt and that too playing his age. Time has added a few wrinkles and gravitas to his personality but this is vintage Dutt, the larger-than-life hero. On the minus side is that the script offers nothing new in terms of action and reaction.

    Dutt and Hydari lead a peaceful existence in Agra where Dutt has a shop that specializes in mojris and Hydari is a wedding planner cum mehndi expert. She is in love with a local doctor — played by Sidhanth Gupta, and their wedding is due to take place in a few days when the film opens.

    Another boy is also in love with her and when she spurns his advances, he and two thugs (Sharad Kelkar is one) decide to rape her. She tells her to be husband about the rape and the wedding is cancelled.

    They get no justice when they file charges against the perpetrators, and are all set to try to build their lives again when their hopes come dashing down with the constant humiliation they have to face. After a point, they have no choice — but retaliate.

    Small town India is the new locale for films but, while most are quirky, Bhoomi explores its narrow-mindedness. Dutt and Hydari share a warm camaraderie and this elevates the film. But, it is needlessly violent and sometimes crude and this will make it more of a single screen film that a pan Indian one.

    Dutt underplays the grieving father while Hydari tends to ham in dramatic sequences. Kelkar is a fitting successor to earlier villains. Kumar directs ably.

    Though the film is just 135 minutes long, the incessant padding of scenes before it gets down to business, i.e. revenge, makes it seem longer and that drags down the film.

    Bhoomi may be Dutt’s comeback film but the opening response reflects no such enthusiasm on the part of moviegoer.

    Producers: Bhushan Kumar, KIshan Kumar, Omung Kumar.

    Direction: Omung Kumar.

    Cast: Sanjay Dutt, Aditi Rao Hydari.

  • ‘Style Inc. with Aalim’ generates sensation on social media

    ‘Style Inc. with Aalim’ generates sensation on social media

    MUMBAI: TLC’s latest edition to its content library, ‘Style Inc. with Aalim Hakim’, which is slated to go on air on 20 October at 10 pm has already created a sensation in Bollywood and social media platforms. It claims to have generated an astounding 200 million impressions from the time the new season was announced. The series campaign has trended 5 times in the last two weeks on Twitter.

    Based on the response, it has launched a campaign with a layered approach by Bollywood stars like Hrithik Roshan, Shahid Kapoor, Abhishek Bachchan, Bipasha Basu, Suniel Shetty, Riteish Deshmukh and Sachin Tendulkar talking about the upcoming series. They have also taken their views to the social media platform Twitter. 

    “The marketing strategy was to deliver an unmatched digital impact and social buzz, matching the finest in Indian entertainment. To be trending for all five campaigns within the same week demonstrates the content affinity and the creative ingenuity of the team. We are super excited with the deep affection been shown by our discerning millennial fans,” said Discovery Networks Asia-Pacific (South Asia) vice president female and family entertainment products Rajiv Bakshi.

    Creating a social blitz, the quirky campaigns so far include:

    #DontTalkCute with Ranveer Singh

    https://www.facebook.com/TLCIndiaOfficial/videos/1082271151886621/

    #MakeItJhakaas with Arjun Kapoor

    https://www.facebook.com/TLCIndiaOfficial/videos/1087216114725458/

    #VarunDhawanMakesMe with Varun Dhawan

    https://www.facebook.com/TLCIndiaOfficial/videos/1083956081718128/

    #ShowYourPunnyBone with Ayushmann Khurrana

    https://www.facebook.com/TLCIndiaOfficial/videos/1092411497539253/

    #MereVarunArjunAayenge with Varun Dhawan & Arjun Kapoor

    https://www.facebook.com/TLCIndiaOfficial/videos/1090553541058382/

    Hakim added, “Viewers have seen some candid moments from their favourite stars’ lives on social media so far. There is a lot more to look forward to on the show.” The series stars Aditya Roy Kapur, Arjun Kapoor, Ayushmann Khurrana, Ranveer Singh, Siddharth Malhotra, Varun Dhawan, Tiger Shroff and Sanjay Dutt, who will share style secrets along with the ubiquitous Bollywood stylist Aalim Hakim.

    Also read:  TLC gung-ho about Aalim’s Bollywood hair style show; more Indian originals coming up

  • ‘Style Inc. with Aalim’ generates sensation on social media

    ‘Style Inc. with Aalim’ generates sensation on social media

    MUMBAI: TLC’s latest edition to its content library, ‘Style Inc. with Aalim Hakim’, which is slated to go on air on 20 October at 10 pm has already created a sensation in Bollywood and social media platforms. It claims to have generated an astounding 200 million impressions from the time the new season was announced. The series campaign has trended 5 times in the last two weeks on Twitter.

    Based on the response, it has launched a campaign with a layered approach by Bollywood stars like Hrithik Roshan, Shahid Kapoor, Abhishek Bachchan, Bipasha Basu, Suniel Shetty, Riteish Deshmukh and Sachin Tendulkar talking about the upcoming series. They have also taken their views to the social media platform Twitter. 

    “The marketing strategy was to deliver an unmatched digital impact and social buzz, matching the finest in Indian entertainment. To be trending for all five campaigns within the same week demonstrates the content affinity and the creative ingenuity of the team. We are super excited with the deep affection been shown by our discerning millennial fans,” said Discovery Networks Asia-Pacific (South Asia) vice president female and family entertainment products Rajiv Bakshi.

    Creating a social blitz, the quirky campaigns so far include:

    #DontTalkCute with Ranveer Singh

    https://www.facebook.com/TLCIndiaOfficial/videos/1082271151886621/

    #MakeItJhakaas with Arjun Kapoor

    https://www.facebook.com/TLCIndiaOfficial/videos/1087216114725458/

    #VarunDhawanMakesMe with Varun Dhawan

    https://www.facebook.com/TLCIndiaOfficial/videos/1083956081718128/

    #ShowYourPunnyBone with Ayushmann Khurrana

    https://www.facebook.com/TLCIndiaOfficial/videos/1092411497539253/

    #MereVarunArjunAayenge with Varun Dhawan & Arjun Kapoor

    https://www.facebook.com/TLCIndiaOfficial/videos/1090553541058382/

    Hakim added, “Viewers have seen some candid moments from their favourite stars’ lives on social media so far. There is a lot more to look forward to on the show.” The series stars Aditya Roy Kapur, Arjun Kapoor, Ayushmann Khurrana, Ranveer Singh, Siddharth Malhotra, Varun Dhawan, Tiger Shroff and Sanjay Dutt, who will share style secrets along with the ubiquitous Bollywood stylist Aalim Hakim.

    Also read:  TLC gung-ho about Aalim’s Bollywood hair style show; more Indian originals coming up

  • Sanjay Dutt buys franchise in Masters Champions League for ex-cricketers

    Sanjay Dutt buys franchise in Masters Champions League for ex-cricketers

    NEW DELHI: Bollywood star Sanjay Dutt and his wife Manyata Dutt have acquired a team in the upcoming Masters Champions League (MCL). 

     

    The couple are said to be excited to be associated with MCL and are looking forward to take their love for cricket ahead.

     

    Masters Champions League, a T20 tournament for retired cricket players comprises of six teams. Legendary players such as Virendra Sehwag, Wasim Akram, Brian Lara, Jacques Kallis, and Dean Jones will be seen competing against each other.

     

    The tournament will be held in the United Arab Emirates in 2016.

     

    With the launch of the official anthem composed by Sajid-Wajid, this cricket tournament has been one of the most anticipated play-offs so far.

     

    The championship has been conceived by GM Sports chairman Zafar Shah. GM Sports is a wholly owned by the Grand Midwest Sports Group operating under the umbrella of the Grand Midwest Group.

     

    It started out with a local cricket club, GMW Royals, providing a platform for skilled cricketers to showcase their on field talents. By bringing current international cricketers into the region to play for their team on a regular basis, GM Sports has helped improve the quality of the domestic leagues and tournaments that GMW Royals participates in. It has since expanded into women’s football, supporting the local DWFA league by acquiring the rights to a team known as GMW Royals. GM Sports also has the naming rights forth Sharjah Cricket Academy. Throughout all of this, GM Sports has remained in the limelight by promoting sports activities in both the local and international communities.

  • Sony LIV to premiere Aamir Khan’s ‘PK’

    Sony LIV to premiere Aamir Khan’s ‘PK’

    MUMBAI: Sony LIV, Multi Screen Media’s (MSM’s) digital video entertainment brand serving and streaming content both on mobile & web, is all set to bring the movie that created history.  An exceptionally well crafted movie ‘PK’ directed by Rajkumar Hirani will be premiered on 22 June onwards for a week at Sony LIV app and web. So now one can watch their favorite movie end number of times for free!

     

    Cinema lovers and Aamir Khan fans now have the chance to delve into the rib-tickling histrionics of the lovable alien played by the superstar as he questions the religious dogmas and superstitions that plague India. With Anushka Sharma, Sushant Singh RajputBoman IraniSaurabh Shukla, and Sanjay Dutt in supporting roles, viewers will journey with PK as he makes satirical observations about the peculiarities of human behavior and beliefs.

     

    So whether you missed the film on the silver screen or you’d like to immerse yourself in its comical moments and applause-worthy dialogues all over again, don’t forget to tune into Sony LIV!   

  • Zee Classic to celebrate Sanjay Dutt’s debut in Bollywood

    Zee Classic to celebrate Sanjay Dutt’s debut in Bollywood

    MUMBAI: With the 8 Days of 80s film festival having commenced, Zee Classic, India’s only classic Hindi movie channel, is all set to showcase Sunil Dutt’s blockbuster film Rocky starring Sanjay Dutt, Tina Munim, Reena Roy, Amjad Khan, Raakhee and Shakti Kapoor.

     

    The movie that launched  our very own ‘Sanju Baba’ as the ‘Next Big Thing’ will also be remembered for the demise of Sanjay’s mother and veteran actress Nargis Dutt just three days before the film’s release.

     

    Rocky a revenge drama revolves around Shankar (Sunil Dutt), an educated young man employed in the construction business as a union leader. During his stint, Shankar is accidentally killed leaving behind his wife, Parvati (Raakhee) and young son, Rakesh. Upon hearing this young Rakesh goes into massive trauma renouncing Parvati to move away. He is later adopted by Robert (Amjad Khan) and his wife Kathy (Aruna Irani) christening him as ‘Rocky’.

     

    Years later, Rocky a carefree young man, falls in love with the gorgeous Renuka (Tina Munim). As the plot progresses, Rocky learns his real identity and the ultimate truth of his father’s murder. Rocky thus sets out on a journey to avenge his father’s murder with the help of a rape victim, Lajwanti (Reena Roy). But he is unaware that his days just like those of his near and dear ones may be numbered.

     

    Will Rocky successfully avenge his father’s death? Will he re-unite with his mother?

  • ‘PK’…Mildly bubbly!

    ‘PK’…Mildly bubbly!

    MUMBAI: The expectations from PK would, naturally, be as high as director Raju Hirani’s three earlier classic hits, the Munnabhai two and 3 Idiots have built. The basic theme remains the same: that of delivering a full-fledged sermon. If 3 Idiots was on education, PK serves to be a satire on the exploitation perpetuated in the name of religion by self-styled god men. This is not a mean thing to achieve for a believer, which most of us in India are. We can’t reject our God hence Hirani seeks outside help.

     

    Aamir Khan is an alien who has been sent by his people to do a research on earthlings when they realised people similar to them exist on earth. Aamir’s folks on his planet do not believe in covering their naturally given body by outer layers like clothes and, hence, he lands in the far flung desert of Rajasthan totally nude. The only thing on his body is a pendant tied around his neck which is his remote to contact his spaceship when he is ready to return to his home planet.

     

    As Aamir lands he sees an earthling near railway tracks who also gives him his first experience with the ways of earth people. This stranger tugs at his pendant and makes a run for it getting on to the running goods train. Aamir proceeds to the nearest town where he steals clothes from intimate lovers making it out in parked cars; money comes along in wallets of the stolen clothes and when it falls short there is always a blind beggar around to steal from.

     

    In the town, Aamir comes across Sanjay Dutt, a helpful soul. Aamir has no language because on his planet people communicate mind to mind. He tries to grab hands of every woman he sees. Sanjay thinks Aamir is in a need of a woman and takes him to a whorehouse where he holds her hands for a few hours and transfers her vocabulary to himself. 

     

    Sanjay tells him that to find his remote; Aamir will have to go to Delhi where costly stolen goods are sold. However, not knowing where to start looking for his remote, he is told that only God can help him find his lost property. Aamir sets out in search of God but soon realises that different people hold different beliefs. He alternates between mandir, masjid and church in an attempt to find the real God. While his attempts create funny situations, it also conveys the hypocrisy as well as the contradictions of various faiths.

     

    When a god man or a politician has to be exposed, a TV reporter in the story has become sort of mandatory. Here Anushka Sharma is the one. Her assignment is to ‘report’ a story on a suicidal puppy! That is when she spots Aamir doing his antics and always on the run as he keeps offending people of some religion or the other. She thinks there is a huge story here to which her boss, Boman Irani, does not agree. Anushka devotes her working hours and more to be with Aamir.

     

    The search for his remote leads Aamir to a God man, Saurabh Shukla. Saurabh has bought the remote from the man who stole it and is passing it off as bead that fell from Lord Shiva’s Damroo. He declares to his devotees that God wills him to build a massive temple for this bead. This is his way to extract funds from his devotees. Anushka has an axe to grind with the Swami. Her parents are blind followers of Saurabh and she holds him responsible for breaking her romance with a Pakistani boy, Sushant Singh Rajput, while they are studying in Belgium.

     

    She joins Aamir in exposing Saurabh. While Aamir only wants to prove that Saurabh’s communication with God is reaching ‘wrong number’, Anushka knows Aamir will unwittingly expose Saurabh to be a fraud. In a series of TV reports, Anushka manages to unmask all god men of all religions leading to a finale where Aamir and Saurabh come face to face on a TV debate. Anushka gets her love back, Aamir gets his remote and Saurabh loses everything.

     

    PK does not quite bear the Raju Hirani stamp; while the script holds well through the first half and is fairly entertaining, its loses steam as the film proceeds into second half. While becoming a sermon on frauds operating as god men, the subject is dealt with at length and with better effect in OMG: Oh My God, which came out not very long ago. The end is rather tame until it brings Aamir back for the concluding scene. Raju Hirani is in his element but the script holds him back to some extent. Also, the film does not have a full-fledged romantic track. The film has a fairly good musical score with couple of hummable songs in Dil darbadar…. and Chaar kadam…, the others being thematic. The film needed some trimming for sure.

     

    Aamir has to carry this film singularly on his shoulders and, being an alien, with limited expressions. However, he manages to put in a great performance conveying the innocence he is supposed to. Anushka Sharma is good. The others have bit roles with Sushant exuding great charm, Boman being his usual self and Sanjay having nothing much to do. Saurabh’s character is not properly etched.

     

    PK has been released on a massive scale with enhanced admission rates and Christmas holidays to follow soon, which would aid it to a great extent to overcome its comparison with Hirani’s earlier films.

     

    Producers: Vinod Chopra, Raju Hirani.

    Director: Raju Hirani.

    Cast: Aamir Khan, Anushka Sharma, Sanjay Dutt, Sushant Singh Rajput, Boman Irani, Saurabh Shukla. 

  • ‘Ungli’…Fingered!

    ‘Ungli’…Fingered!

    MUMBAI: While the Indians may love a Robin Hood kind (he robbed for charity), vigilante films, which have been made by the dozens in Hollywood, they are not very popular genre in India because, this is a nation supressed by some or the other rulers and have got used to the idea. So what if their own people like Municipal head or RTO boss or traffic cop and others supress you and put a price on just about everything you need to survive, we take it in our stride. Why bother to fight for your right when you can buy it in anything between Rs 100 to a lakh and be done with it?

    It is a common scene that in a city like Mumbai, traffic police don’t stop you from doing wrong, they stand round the corner to let you do that and cash in on your crime! It is the same when one is unfortunate enough to need the help of the ‘service’ of one of the government agencies.

    Randeep Hooda, Angad Bedi, Neil Bhoopalam and Kangana Ranaut are friends who are let down by the society and people in high places. Their gym instructor and brother of Kangana, Arunoday Singh, is lying in a coma with little chance of recovery; he is in this condition because he was hit brutally by a fixer’s, Mahesh Manjrekar, son who handles bribe collection and distribution of the Mumbai police force. There is only one witness, senior citizen Arunoday who is trying to defend himself from Manjrekar’s son.

    Producers: Hiroo Johar, Karan Johar.
    Director: Renzil D’Silva.
    Cast: Sanjay Dutt, Wmraan Hashmi, Kangana Ranaut, Neha Dhupia, Randeep Hooda, Angad Bedi, Neil Bhoolam.

    The senior citizen is threatened not to identify the culprit in the court and, as a result, the culprit is set free. The foursome lose faith in the system and decide to mete out justice on their own. They turn vigilantes. They decide to take on the corrupt and punish them on the spot when and where found guilty of corruption. The electronic media, always at the end of the butt of joke in movies, make these vigilante gang famous from their very first exploit. Also, the way they give names lacking imagination like Coal Gate (inspired by Watergate!), Bollywood (inspired by Hollywood), they name the gang as Ungli Gang because that is the sign they left behind after their first episode of instant justice.

    While every department takes its turn at being punished by the Ungli gang, the police is hot on its trail. The people in high places are uncomfortable with this gang fearing their turn someday and want its illegal activities to end and to put them in prison. So the corrupt police force selects the most honest cop, Sanjay Dutt, to capture the gang who in turn enrols the rebellious junior, Emraan Hashmi, to do the job. Emraan is a rebellious cop and generally anti-establishment.

    Emraan Hashmi joins the Ungli gang to liquidate it. Instead, he sees the gang’s point of view and becomes a part of it. As it progresses, the film strays.
    The script is quite hackneyed and direction patchy. There is no eye for details in things like designations and stars worn are three for all ranks and there are many such glitches. Musically, Dance Basanti… and Pakeezah have appeal for youth. Dialogue is good at places. The film looks dated having taken its time in making.

    Ungli has had a poor opening and has little chance of showing much improvement over the weekend.

                                                      

                                            ‘Zed Plus’…Nothing plus about it

    Zed Plus is supposed to be a satire on the security system of the Indian police protection branch locally and the National Security Guard nationally. Zed Plus is supposed to be a security cover provided to a VIP. Since the perception of who is a VIP and deserving of such a security is determined on threat perception, it is the cause for this film promoted as a satire. One day, a local puncture mender with his workshop on the highway, Adil Hussain, earns this Zed security. This is all about him.

    This is a famous dargah town in Rajasthan which goes back 500 years. The originator of the Dargah had a family of 12 children which has now flourished into 400+ heirs but only one man runs the dargah and pockets all the takings. The others rebel and it is decided that all the heirs will get a chance to perform the rituals at the dargah one by one, each getting a turn every 15 months!

    The film is all about this small town with a dargah as its claim to fame. While the film peers in to the lives of the townfolk, it returns to its main theme only much later.

    Kulbhushan Kharbanda is the prime minister of India surviving on day to day basis with his blackmailing coalition partners. Just about every coalition partner is blackmailing him with threats of withdrawal of support everyday unless their demands are met.

    When the PM, Kharbanda, is all at sea, some unidentified caller advises him to visit this famous Peepali Pir dargah in Rajasthan which would solve his problems. Of among the 400+ guys to take their turn to be the Khadim of the dargah, it happens to be the turn of Adil to conduct the rituals of the dargah on the day the PM is slated to visit.

    The PM arrives, the town is cleared of all ugly sights including Adil’s puncture shop and the front platform of his wife’s (Mona Singh) footwear shop. Many are left jobless. The PM’s dargah visit works for as soon as he enters the premises, the PM’s problems are getting solved one after the other. He has only Adil to thank for all the favours of the dargah. He is happy with Adil and asks Adil to spell his problems if any and the PM would solve them for him. Adil says he is threatened by his neighbour, Mukesh Tiwari, only for the PM to understand as the national troublesome neighbour, neighbouring country (Pakistan).

    The PM instantly orders a Zed Plus security for Adil, a victim of Pakistani threats! The rest is left to the media who make him into a national hero like it did a simple village man, Omkar Das, in Pipli Live.

    Adil becomes a celebrity overnight. A local hero, he is chosen by the Rajasthan CM to contest for his party. His degeneration has started, he is taught to accept bribe. He is manipulated by his PM and his Rajasthan CM, both being anti each other.

    Our hero, Adil, is right out of Raj Kapoor’s Shri 420. He decides to return to his normal life. He realizes his follies and greed and confesses to them at an election meeting.

    Zed Plus may be a satire but hardly worth any mirth. The only problem Adil faces due to the security is that he can’t visit his paramour without the security guards following him. The PM’s PA knows a gaff has been made by the PM but he has to stick to the story of threat from the neighbouring country so that the PM is not made to look like a fool. Hence, despite Adil’s requests to withdraw his cover, it stays.

    While the idea was worth exploring, it is stretched too much trying to pack in parallel stories. Direction is fair. Songs have purely thematic appeal. Editing is slack. Adil Hussain performs very well equally supported by Mukesh Tiwari.  Mona Singh is adequate. Sanjay Mishra is good as usual. K K Raina impresses.
    Zed Plus has weak face value leading to its poor opening. It faces bleak prospects.

  • NDTV files fresh application against Quantum Securities

    NDTV files fresh application against Quantum Securities

    MUMBAI:  Prannoy Roy-promoted media company New Delhi Television (NDTV) has filed a fresh application against a minority shareholder, Quantum Securities Limited (QSL) in the Bombay High Court, after QSL ran a newspaper advertisement accusing NDTV of not disclosing vital facts during a presentation to fund managers, equity brokers and investors by the company.

     

    Quantum owns 0.22 per cent in the group. According to the advertisement published in the Economic Times, QSL said the company, in its presentation, did not reveal certain facts that included the income tax departments’ demand of Rs 492 crore tax dues for the annual year 2009-10.

     

    “Sum of parts of NDTV group assets is not reflected in the market cap of NDTV. This is particularly true for the value of its digital assets.” It further said, the network had made no mention of the notice served to NDTV and its promoters by the department and a pending adjudication with the Income Tax Appellate Tribunal (ITAT).

     

    The ad further highlighted that the issues relating to the Company Petition for Reduction of Capital filed by NDTV in Delhi High Court was also not mentioned. It quotes from an affidavit filed by the department “there are serious allegations of round-tripping for evasion of taxes in the case of the petitioner company for the annual years 2010-11 and 2011-12, being investigated.”

     

    The income tax department also objected to the decision of NDTV Board relating to NDTV Convergence and stated that the petitioner company (NDTV) has not disclosed material facts while seeking approval of capital reduction. This establishes that the applicant company (NDTV) has not approached with clean hands. This capital reduction has been proposed with malafide intention of defrauding revenue of its legitimate tax dues.

     

    Additionally, the ad said the presentation did not mention that NDTV Convergence had filed a charge to the Registrar of Companies, New Delhi that hypothecated all movable and immovable assets to YES Bank.

     

    In response to QSL’s ad, NDTV clarified to the National Stock Exchange (NSE) that the allegations were baseless as it had made all announcements on the proceedings (in the ITAT and the Delhi High Court) to the exchanges as required by law and also included those in the annual report of the company.

     

    “The allegations and insinuations and statements made by QSL in the said announcement are completely false, vexatious and have no basis in law or in fact. The announcement places selective material before the public at large and makes false and baseless allegations against the Company,” NDTV said in the notice.

     

    “The Company submits  that  the  allegations made  by  the  QSL in  the Announcement are  completely baseless as the  Company has in fact made all necessary  announcements in relation to the proceedings to the stock exchanges as required by law. Further, the necessary disclosures in relation to the same have also been made in the Annual Report of the Company,” the statement added.

     

    The notice by NDTV further highlighted the fact that QSL director Sanjay Dutt and his related companies have been investigated for market manipulation by capital markets regulator Securities and Exchange Board of India.

     

    Further it said, “At  the  outset  we   state  that   the Announcement is in flagrant violation of the injunction passed  by  the Hon’ble Bombay High  Court  against   inter-alia QSL and  its  directors including one Sanjay Dutt.”

     

    On 27 June 2013, the company sent a legal notice to Quantum Securities, Dutt and directors of the company, through its law firm Amarchand Mangaldas accusing him of making defamatory statements, writing to various regulators and ‘launching a tirade’ against NDTV because he bears a ‘grudge’ against the broadcaster. Dutt was a consultant to NDTV from 2006-08.

     

    The court had granted relief to NDTV by its orders dated 6 and 13 August and 13 and 17 October 2013, in terms of which QSL and its directors were restrained from issuing any defamatory letters, notices, emails, etc.

     

    Click here to read the full statement by NDTV