Sunny Deol's Juhu villa auction
A day after putting out a public notice to auction a villa owned by actor and sitting BJP Member of Parliament Sunny Deol to recover ₹56 crore dues, Bank of Baroda on Monday said the process is withdrawn due to technical reasons.
The Bank of Baroda in a statement said that first, the total dues did not specify the exact quantum of dues to be recovered. Secondly, the sale notice was based on a symbolic possession of the property as per Rule 8(6) of The Security Interest (Enforcement) Rules 2002. An application has been made for physical possession by the Bank with the Chief Metropolitan Magistrate on 01st August'2023, which is pending for permission. Since the unit is running as conveyed to us by the borrower, sale action will be initiated as per the provisions of the SARFAESI Act, once the physical possession is taken.
A spokeperson of the bank said," In the meantime, the borrower has approached the Bank for settling the dues as per the sale notice published on 20th August'2023, where the borrower/guarantors were notified that they are entitled to redeem the securities by paying the outstanding dues/costs/charges and expenses at any time before the sale is conducted. Accordingly, the sale notice is withdrawn as per the normal industry practice followed in other cases as well."
Sunny Deol, whose latest movie Gadar 2 is a box office success having already grossed over ₹300 crore since the release last week, has been in default on a ₹55.99 crore loan from the bank, interest and penalty, since December 2022.
As per Sunday's notice, the bank, which has attached the property, had fixed the reserve price for the auction at ₹51.43 crore and an earnest money deposit of ₹5.14 crore.
Apart from Sunny Villa, the 599.44 square metre property also houses Sunny Sounds, which is owned by the Deols, and is the corporate guarantor to the loan, while Sunny's actor-politician father Dharmendra is the personal guarantor of the debt, according to the auction notice.
The notice had further said the Deols had the option of clearing the dues of the bank to prevent the auction, under the provisions of the Sarfaesi Act 2002.
Sunny Deol has been representing BJP from the Gurdaspur seat of Punjab since 2019, when he won the seat with a landslide margin defeating the then Congress member Sunil Jhakar. The seat for long was represented by another actor Vinod Khanna for the Congress.
*With inputs from agencies
Source: Live Mint
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How Bank of Baroda customers can enable UPI LITE to make instant payments
Bank of Baroda (BoB) announced that it has enabled UPI LITE - Small Value on Device Wallet. UPI LITE is a wallet that allows users to make instant, small-value digital payments with only one tap without the use of a UPI PIN. “UPI is today one of the most preferred digital payment modes for consumers given the sheer ease and convenience of making payments and the superior user experience along with security and interoperability features. Bank of Baroda is one of the leading UPI remitter banks and the launch of our UPI LITE facility will further accelerate the adoption of UPI and help in promoting digital financial inclusion," said Joydeep Dutta Roy, Executive Director, Bank of Baroda.
What is UPI LITE?
UPI LITE enables customers to seamlessly make multiple, small-value transactions instantly during peak hours.
UPI LITE transaction limit
The maximum balance in the UPI LITE wallet at any point in time cannot exceed ₹2,000.
How can customers avail of this service?
1)To avail of this service, customers need to enable UPI LITE on BHIM or any UPI LITE support app.
2)During LITE activation, customers can fund their UPI LITE account through their UPI-linked Bank of Baroda bank account.
3)Once a customer activates the UPI LITE account, small-value digital transactions as per the permissible limit will be debited from the LITE account without any additional factor authentication (AFA).
4)However, users recharging or loading funds in UPI LITE will need to enter additional factor authentication.
5)On deactivating UPI LITE, the balance in the UPI LITE wallet will be credited back to the Primary LITE bank account.
6)Customers can use their wallet balance to make small value, cashless payments at Kirana stores, pharmacies, restaurants, shops, fuel retail outlets, and more.
“UPI LITE will help in reducing the load on the system by processing small-value payments, improving the success rate for low-value transactions, and enhancing user experience,"BoB said in a media release.
Bank of Baroda has also launched the UPI LITE X on a pilot basis during the Global Fintech Fest 2023 on 6th September 2023 at the hands of the Reserve Bank of India Governor Shaktikanta Das.
Source: Live Mint
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Jawan vs Gadar 2 Box Office collection
Jawan vs Gadar 2 Box Office collection: Shah Rukh Khan's Jawan, directed by Atlee, continues to dominate the box office while Gadar 2 starring Sunny Deol and Ameesha Patel, has been experiencing a significant drop in its box office performance.
According to industry tracker Sacnilk, on its thirty-sixth day in theatres, Gadar 2 secured a net earning of ₹44 lakh in India, recording the lowest so far and bringing its total collection in India to ₹517.72 crore.
According to industry tracker Sacnilk, on its ninth day in theatres, "Jawan" has added another ₹21 crore to its domestic nett collection in India, reaching a total of ₹410.49 crore.
Also read: Jawan Box Office collection Day 9: Shah Rukh Khan?s movie achieves another milestone; massive advance booking for Day 10
Jawan which premiered on September 7 achieved a record-breaking opening day collection of ₹75 crore while Sunny Deol's "Gadar 2" raked in ₹40.1 crore on its opening day when it was released on August 11.
“Jawan" secured third position in the list of highest-grossing Hindi films of the year. The top spot is held by SRK's "Pathaan," which amassed ₹543.05 crore following its release in January, while the second spot is occupied by Sunny Deol's "Gadar 2," which has raked in ₹517.06 crore and is still running in theatres. Jawan has so far raked in ₹410.49 crore in India in nine days of its release.
In Week 1, “Gadar 2" earned ₹284.63 crore while "Jawan" earned ₹389.88 crore. Gadar 2 ₹134.47 crore in Week 2, ₹63.35 crore in Week 3, and ₹27.55 crore in Week 4. Even in Week 5, it managed to secure ₹7.28 crore in earnings.
"Jawan" has outpaced "Pathaan," which earned ₹364.15 crore in nine days. "Jawan" earned ₹46.34 crore more than “Pathaan" during the same period.
"Gadar 2" is now striving to surpass the lifetime earnings of "Pathaan," which holds the record for the highest-grossing Bollywood film with ₹543.05 crore in domestic net earnings, as reported by Bollywood Hungama. "Gadar 2" is still far away from surpassing “Pathaan".
Source: Live Mint
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Gadar 2 Box Office collection Day 35
Gadar 2 box office collection: Gadar 2 starring Sunny Deol and Ameesha Patel, has experienced a significant drop in its box office performance after a remarkable five-week run, especially following the release of "Jawan."
According to industry tracker Sacnilk, on its thirty-fifth day in theaters, Gadar 2 secured a net earning of ₹0.50 crore in India bringing its total collection in India to ₹517.28 crore. Additionally, it recorded a 15.48% occupancy rate for Hindi screenings on Thursday, September 14.
Also read: Sunny Deol's Gadar 2 beats Pathaan, Baahubali 2; becomes fastest film to cross ?450 crore
Film trade analyst Taran Adarsh shared figures of 'Gadar 2' business over the weeks on X (formerly Twitter). He stated that despite facing strong competition from "Jawan," Gadar2 maintained a steady performance throughout its fifth week. In Week 1, it earned ₹284.63 crore, followed by ₹134.47 crore in Week 2, ₹63.35 crore in Week 3, and ₹27.55 crore in Week 4. Even in Week 5, it managed to secure ₹7.28 crore in earnings. Altogether, the film has accumulated a total of ₹517.28 crore in India.
Source: Live Mint
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Single-screen cinemas look at long-term survival amid windfall of hits
New Delhi: Single-screen theatres in India are heaving a sigh of relief with a recent stream of mass market movies keeping the tills ringing. But they are still looking to expand into multiplexes well aware that such strokes of luck don’t last.
Facing challenges even before covid-19 and struggling ever since the pandemic outbreak, single-screen theatres have been able to attract audiences from small towns thanks to films such as Gadar 2 and Jawan, aided by affordable tickets.
However, cinema owners are conscious that such films and favourable conditions are relatively rare. So, many are actively seeking partnerships to transform their establishments into two or three-screen multiplexes in line with the evolving dynamics of the cinema industry.
“It has been a good comeback for us. However, most single-screen owners are looking to remodel their properties. They have five-year plans to either tie up with builders or explore arrangements with national chains," said Satadeep Saha, director of SSR Cinemas Pvt. Ltd, a West Bengal-based company.
To be sure, the opportunity cost of running these cinemas remains high. Theatre owners admit that mass-market content is rare and will not arrive consistently in the Hindi-speaking belt, unlike in the south. That explains why Saha is already remodelling theatres in his state, working with builders and exploring properties in virgin territories to set up multiplexes.
Yet, there is a positive sentiment among single-screen theatre owners after long. Shah Rukh Khan-starrer Jawan had crossed the ₹300 crore mark within India alone at last count. Meanwhile, Gadar 2, released mid-August, has crossed the ₹515 crore mark at last count, while Pathaan had earned ₹543 crore in January.
“Theatre owners are aware this isn't a year-long phenomenon and are looking to tie up with chains or convert (into two or three-screen multiplexes) in order to sustain," said Ashutosh Agarwal, owner of Star World Cinemas in Uttar Pradesh. Filling up an 800- or 1,000-seater cinema is going to be increasingly impossible, Agarwal said, and the only solution is to split the property into 200-300 seaters and play multiple films at the same time.
“While stars like Shah Rukh Khan or Salman Khan turn older, no new or fresh faces are finding the same kind of draw. Plus, music isn't that great nowadays. These are huge worries for the industry," Agarwal said.
That said, single screen owners find it heartening to see film-makers realize the potential of catering to the lowest common denominator among the audience, and the kind of footfall that small-town audiences can bring when films appeal to their sensibilities. Despite reasonable ticket pricing, these small screens have brought in 35-40% of overall revenues in case of mass-market hits such as Gadar 2, according to theatre owners and trade experts.
“By virtue of their ATP (average ticket price), multiplexes aren't meant for the common man, but only a certain privileged and wealthy class. An overwhelming majority of this country can only afford to single screen cinemas and it makes sense for any film-maker to cater to them instead of the hyper niche. The past few months that have flipped the ratio (in favour of small-town theatres) have been an eye opener," independent exhibitor Akshaye Rathi said. Despite pandemic-induced challenges, at least 90-95% of India's single-screen cinemas have upgraded infrastructure including air-conditioning, projectors and seats, Rathi added.
Source: Live Mint
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Jawan vs Gadar 2 vs Jailer Box Office Collection Day 1
Jawan Day 1 collection: Superstar Shah Rukh Khan’s much-awaited action thriller film ‘Jawan’ has finally hit theatres. The film's opening day saw great collections as it is estimated that it earned ₹75 crore in all languages in India. In terms of Box office collection for Day, Jawan has won the opening day collection as compared to Sunny Deol's Gadar 2 and Rajinikanth's Jailer.
Speaking of Jawan reviews, fans called SRK's the film a blockbuster. The film has been getting a massive response from all the fans as well as the critics.
Apart from national chains, King Khan has proved his supremacy in the international markets. Film Trade Analyst Taran Adarsh citing an exclusive data said that Jawan has film debuted at Number 1 spot in Australia and New Zealand while the film is on Number 3 in Germany. Speaking of the film's collection, in Australia the film collected ₹2.11 crore, while in New Zealand it collected ₹39.13 lakhs. In Germany, the Day 1 collection is ₹1.30 crore while in UK it is ₹2.16 crore.
Gadar 2 Day 1 collection:
Gadar 2 released on 11 August and started with a bang raking a remarkable ₹40.1 crore on its opening day. The momentum continued on its second day too with the film collected ₹43.08 crore, exhibiting a growth of 7.43 percent compared to its opening day. With Jawan's release the film has still managed to earn ₹1.50 crore on Day 28 taking its total earning to ₹510.59 core in India, as per Sacnilk.com report. Directed by Anil Sharma, Gadar 2 features the original cast of Sunny Deol, Ameesha Patel, and Utkarsh Sharma reprising their roles of Tara Singh, Sakeena, and Charanjeet Singh, respectively. The film also stars Gaurav Chopra, Manish Wadhwa, Manoj Bakshi, Simrat Kaur, Luv Sinha, Rohit Chaudhary, and Rakesh Bedi.
Jailer Day 1 collection:
"Jailer" which released in theatres on August 10 saw an exhilarating Day 1 collection of ₹48.35 crore. As per Sacnilk.com, the Tamil version collected ₹37.6 crore, the Telugu version added ₹10.2 crore, and a modest ₹0.2 crore from the Kannada version. In the Hindi belt, it the film managed to garner ₹0.35 crore. As per the report, the film's total nett India collections stands at ₹398.68 crore while the worldwide collection ₹593 crore. On the day of Jawan's release, Prime Video had set the digital premiere of Rajinikanth's ‘Jailer'.
Jailer is a movie where Rajinikanth (Muthuvel Pandian), a retired jailer goes on a manhunt to find his son's killers. However, the road leads to a bit darker place and complex situation starts to take place. Produced by Sun Pictures and directed by Nelson Dilipkumar, "Jailer" stars Rajinikanth in the lead role. Ramya Krishnan, Yogi Babu, Vinayakan, Tamannaah Bhatia and Master Ritvik round out the cast.
Source: Live Mint
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Dream Girl 2 box office collection Day 10
Dream Girl 2 box office collection: The film, featuring Ayushmann Khurrana in the role of a woman named Pooja now has a 10-day total collection of ₹89.16 crore, inching closer to ₹90 crore mark.
Dream Girl 2 enjoyed a successful first week at the box office but experienced a significant decline on its second Friday. According to early estimates reported by Sacnilk.com, the film collected ₹8.10 crore on Sunday, September 4. Dream Girl 2's box office collection witnessed significant increase over the weekend from its second Friday as it grossed ₹6.36 crore on Saturday. Weekend collection of the movie sums up to ₹14.46.
Also read: ?Jawan? Advance Booking: Pre-release frenzy reaches sky-high as Shah Rukh Khan's movie likely to beat ?Gadar 2? numbers
While it opened strongly, surpassing ₹10 crore, and received positive reviews, its collection slowed down on its second Friday, with the upcoming release of Jawan just three days away. However, the film regained momentum over the weekend and has a chance to perform until Shah Rukh Khan's Jawan hits theatres on September 7.
Dream Girl 2 is a sequel to the 2019 film Dream Girl, which grossed ₹142 crore at the domestic box office.
Also read: Shah Rukh Khan?s ?Jawan? film earns a whopping amount in advance booking on day 1. Here's how many tickets sold
Ayushmann Khurrana recently commented on the film's release, highlighting its successful performance in a competitive landscape. He noted that it held its ground even with the release of Gadar 2, which continued to perform well despite crossing ₹400 crore, and amid anticipation for Jawan.
Ayushmann stated, "In the last 3 months, mid-budget and small-budget films are also running successfully. Earlier people used to feel that only big-budget movies would run. So, the timing of the movie is correct, and it came in between Jawan and Gadar 2 but still made its own space, and this will be the biggest victory of Dream Girl 2."
In Dream Girl 2, Ayushmann Khurrana is seen romancing Ananya Panday's character, Pari, in the streets of Mathura. The film also features Manjot Singh, Rajpal Yadav, Paresh Rawal, Asrani, Manoj Joshi, Seema Pahwa, and Vijay Raaz. It was directed by Raaj Shaandilyaa and produced by Ektaa R Kapoor.
Source: Live Mint
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